Thursday, May 1, 2008

Fewer families receive U.S. cash

The New York Times allotted above-the-fold, front-page space to a story reporting that fewer U.S. immigrants are sending money home to Latin America.

Reuters, The Wall Street Journal and the Los Angeles Times also wrote about the survey from the Inter-American Development Bank, which reporter that 3 million fewer people send money back to families. This equates to 10 million fewer people who will benefit from cash sent from the United States.

All report this signals the economic slowdown is affecting everyone.

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