Daily Headlines: May 3, 2012

* Mexico: Mexican expats sent $5.37 billion in remittances to their home country in the first quarter of 2012, which represents a 5.3% increase compared to the first three months of 2011.

* Bolivia: A U.S. State Department spokesman said that the Bolivian government’s takeover of the main power grid could “really dampen the investment climate in Bolivia.”

* Guatemala: Officials declared a state of siege in the northwestern province of Huehuetenango after two hundred armed people briefly took over an army outpost.

* Nicaragua: President Daniel Ortega called for three days of national mourning after the death of former Sandinista figure Tomas Borge.

Image Source – YouTube via teleSUR (Remittances are a major source of dollar inflows into Mexico and most of the money transfers are sent from the U.S.)

Online Sources- LAHT, AFP, Boston.com, Los Angeles Times