Posted on 08/29/2007 4:03:20 AM PDT by AmericanInTokyo
TRANSLATION FROM ORIGINAL SPANISH (EXERPT):
"Bank Remittances from USA to Mexico Down 1.3%"
Slowdown in USA and Tightened Immigration Actions [Against Illegals] Are Main Causes
During the first six months of the year, Michoacán became the state that had the greater decrease remittances from the USA, said the Bank Of Mexico....
(Excerpt) Read more at eluniversal.com.mx ...
For Freeper discussion, debate and action.
The lead-in only is translated to English. The URL link (above) goes to the original Spanish article only. For general overview purposes.
Outside of this story, the main thing that seems to be coming out of down there these days is fugitive and criminal Elvira Arellano's incredible, full-of-nerve visit with the very President of Mexico himself yesterday, actually asking he put pressure on the USA regarding her immigration status, and send her back to the USA as a "special diplomat".
but sometimes, they do happen
“...and send her back to the USA as a “special diplomat”.”
I think all “H” will be raised if the word gets out she succeeds in getting back here by means of this sort of creative Politics, so I don’t think it will happen, but...?
I will bet everyone reading this, already has the image in their minds of this person right now, right after I have said this.
The slowdown in remittances has been underway for a while due to the sharp dropoff in residential construction. Some significant fraction of the lost jobs in housing were occupied by illegal immigrants. A lot of the layoffs in mortgage lending will similarly reduce remittance volume. Thus, some of the downward pressure on economic growth due to the housing bust is being “outsourced” to Latin America.
And it could also be that all their relatives are now in the US, so why send the money back.
“...and send her back to the USA as a “special diplomat”.”
I think all “H” will be raised if the word gets out she succeeds in getting back here by means of this sort of creative Politics, so I don’t think it will happen, but...?
If so, the usual means of handling unsavory diplomats can be applied: declare her “persona non grata” and ship her back to Mexico. Again.
What a powderkeg, IMHO.
Yes, but the article in full is important.
“And it could also be that all their relatives are now in the US, so why send the money back.”
If so, then they will either migrate to counties or states where welfare benefits are handed out indiscriminately, or move on back south of the border.
Yes indeed. My original post I self deleted due mention of the name, and am in no mood this morning for the flame throwers LOL, so rearranged my words.
Elvira gets royal red carpet treatment from the President of Mexico.
After deportation, Elvira's first move was to address the Mexican legislature (where she criticized the United States).
It appears Elvira is trying to influence the measures or conduct of Mexico WRT disputes or controversies with the United States, and/or trying to defeat the measures of the United States in collusion with the Mexican government.
==========================
Elvira appears to have no visible means of support in Mexico. Is the Mexican government subsidizing her?
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We need to determine whether the illegal invaders are agents of foreign governments, and whether they should be prosecuted for undermining the US government.
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We know illegal invaders are sending as much as $50 billion US dollars per year back to their home countries. The money is gained from illegal employment ....and for all we know....from SS fraud, drug deals, tax evasion, ID theft, and other criminal activities.
Who in these foreign countries is getting a cut of the $50 billion?
It would be easy for the US government to trace monies from the point of departure at Western Union to determine whether WU is aiding in the hiding and conversion and transmission of the invaders illegal cash to legitimate funds............and who, on the other end, is receiving the monies.
ALL international WU money transfers need to be filtered and siezed as necessary to discern the money trail from the invaders on US soil, to Mexico, and Central and South American governments.
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We know our politicians are pandering idiots, sucking up to these invaders, sacrificung our safety and security for a few illegal votes. We demand politicians obey the constitution they were sworn to uphold. We demand they do something.
American citizens are losing their savings/homes/futures......while freeloading illegal invaders own homes in the countries they emanate from, have cash in the bank, and are riding the US gravy train, sponging-off hardworking US citizens.
=================================
BACKUP In June 2007, Representative Steve King introduced legislation that would prohibit Speaker of the House Nancy Pelosi from traveling to Syria violated Logan's Law. The amendment was not adopted. The Logan Act is a United States federal law that forbids unauthorized citizens from negotiating with foreign governments. It was passed in 1799 and last amended in 1994. Violation of the Logan Act is a felony, punishable under federal law with imprisonment of up to three years.
As the article points out, there could be any number of reasons the amount of money being sent to Mexico from the US is down. I would think if they are really putting some controls on it the drop would be bigger.
Here’s an idea, figure out what it costs our nation every year to deal with the illegal immigration problem then take half that amount and simply hand it out bit by bit to individuals at the border and send them back the other way! Presto, we don’t have the illegals and they have more money to help the Mexican economy since they aren’t having to share what goes back to their families with landlords, coyotes, fast food dives, etc. And from the other side, our economy is that much richer because we’re spending only half as much to handle the illegal immigrant problem.
Your response/commentary appears to be a collage of commentaries on this matter per other threads? The one thing missing apparently is Border Security initiative.
Where’s the fence, which also means Where are the Presidents men and women of force per the Constitution to defend our borders from the onslaught of foreign invaders flowing into our Nation?
I wonder how difficult it is to have a home built or any work done on an existing home, anywhere in the US....with an entire crew of American citizens?
So much for them picking lettuce.... It’s difficult enough as it is for a young American citizen to enter into the construction trades...I imagine it is next to impossible now with all of the cheap slave labor.
Elvira wants to sneak to the US to collect her multiple UI and Workman's Comp checks, SS# retirement checks under several names, her son Saul's SSI checks (for his ADD), EITC tax refunds under several ID's, and also her multiple welfare checks under different names.
PLUS the bundle she and her amigos made carrying drugs into the US for the cartel.............. Western Union helped launder, then converted drug money to pesos, to send to Acapulco where Elvira is buying several luxury condos).
We know illegal invaders are sending as much as $50 billion US dollars per year back to their home countries. The money is gained from illegal employment....and for all we know....from SS fraud, drug deals, tax evasion, ID theft, and other criminal activities.
Who in these foreign countries is getting a cut of the $50 billion?
It would be easy for the US government to trace monies from the point of departure at Western Union to determine whether WU is aiding in the hiding and conversion and transmission of the invaders illegal cash to legitimate funds (a crime)............and who, on the other end, is receiving the monies.
ALL international WU money transfers need to be filtered and siezed as necessary to discern the money trail from the invaders on US soil, to Mexico, and Central and South American governments.
================================
This should also be examined: Friend said she was in Wal-Mart service center when she saw a latina woman pull out about $5000 cash in 20 dollar bills (from drug deals?). The latina then filled out a form to transmit the cash to Mexico.
Not sure if Wal-Mart itself (with its worldwide connections) converts and transmits US money to Mexico and Central and Sou/America........or if Wal-Mart uses Western Union.
American citizens are losing their savings/homes/futures......while freeloading illegal invaders own homes in the countries they emanate from, have cash in the bank, and are riding the US gravy train, sponging-off hardworking US citizens.
Stop the illegals looting and pillaging our govt now.
‘As many people have wondering driving past crowded and dirty day laborer pick up loitering spots in front of liquor stores and Home Depots, in the event of a recession, and with all that free time and all those ninos and esposas and esposas on the side to feed, “just WHERE do these people go!?” (and more importantly), “just WHAT will they begin to do?”’
“What a powderkeg, IMHO.”
Perhaps most of them simply go back home. If they were the really feisty sort, they would have stayed home in the first place and resisted their local thugocracy, or joined it. Still, it takes some considerable cojones as well as sufficient desperation to leave one’s locale and migrate to areas where you are instantly identifiable as “not from around here” and subject to ill treatment because you are operating outside of the protection of the local law. Whether the indigenous inhabitants north of the border will have sufficient moxie to deal with large influxes of such people who have lost their gainful livelihoods and turned to more rapacious activities remains to be seen.
The drop is significant because the amount was increasing each year..so it is a big turn around.
“I wonder how difficult it is to have a home built or any work done on an existing home, anywhere in the US....with an entire crew of American citizens?”
Not difficult at all, provided you are willing to pay top dollar labor rates. Of course, “buy American” is a great marketing slogan - - - that’s why the upscale retailers do so well and the Wal Marts of the world are bereft of customers, right?
“Not difficult at all, provided you are willing to pay top dollar labor rates. “
You mean slave wage vs. excessive wage? While skilled American’s are not going to accept slave wages, I’ll bet there are those who’ve been pushed out of the industry by illegal aliens and would be happy to get back to work at a rate that is fair, not excessive or ‘top’ dollar.
I am looking for a ‘fixer upper’ and will NOT have the work done by illegal aliens. Yes, I’ll pay more than a slave wage, but I doubt it will be necessary to pay “top dollar” either.
Chinamart sucks.
Here, our schools opened at 86% capacity, when we have had kids in trailers for years. there was an article that a NE towen is rescinding its ordinance against hiring and renting. All the Brazillian illegals have already left. Anther article about OK city documents that theirs have left. Illegals leaving is a big factor in the housing market. In addition to the pressure opponents of illegal immigration have put, the world wide economic boom means that there are better opportunities for them at home. Mexico created a million new jobs last year, for instance.
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A goodly number of articles for a Wednesday morning...
Activists, mayors protest U.S.-Mexico border wall
FReep this Poll! What do you think about the Hispanic boycott? (VA)
Demands To Investigate Death At The Border
Border Patrol Chief Apologizes for Remarks
Restoring the Rule of Law: Eliminating Sanctuary Cities
A proposal to unveil H1-B abusers
Letter: Gang Making Threats Against Officers
California travesty [Doctor fired over hospitals’ illegal alien care policies]
Three Strikes for the Open Borders Lobby
Immigration raids Koch Foods Ohio chicken plant
ICE reassigns agents to customs
Suspect rams agent's truck, injuring him
Now Arizona Law Chases Illegals Out(States just doing what the Feds won't do.)
Considering the substantial growth of remittances in recent years, you could more accurately call this a leveling off.
Elvira gets royal red carpet treatment from the President of Mexico.
&&&
Big signal to me that the fairly new administration in Mexico is not prepared to be the least bit coy about its support for the illegal invasion of our country.
ping
1.3% down, 98.7% to go.
(Grant the revenues to border city emergency rooms.)
interesting tidbit here
It’s ok, Cal. Not to worry, even though the remittences are down. Soon the SPP will be underway and we can pay for EVERYTHING for Mexico.
My idea was more to stop them from coming here than pay the ones here to go back. We’ve already expended tons o’ funds on those who are here!
The school thing is a real PITA though. Not only do they clog up the schools they refuse to learn English and the school systems think they are somehow obligated to provide bilingual classes. WRONG. Far as I’m concerned the same goes for road signs, various tests and especially ballots.
It really gets my goat when I hear someone complaining because the 911 operator had a hard time getting help to them because of the language barrier.
“You mean slave wage vs. excessive wage? “
Translating “higher wages” vs “lower wages” into these pejorative phrases is a bit over-the-top don’t you think?
We built our house in 2003, and our lead contractor used available local workers based on their skill level and previous experience with him. I didn’t keep detailed records, but don’t recall seeing any Hispanics among them (though there were several Scotch/Irish/Asian-Americans since our local area has quite a few descendants of the Bunker brothers in the building trades).
http://en.wikipedia.org/wiki/Chang_and_Eng_Bunker
Hopefully you don’t have a problem with that? It’s amusing to watch the reaction of relocated Yankees to Bunker descendants speaking with thick Southern (English) drawls; a real hoot in fact.
Meanwhile, here is some confirmation that these drops in remittances are related to the cooling of the housing sector. Think of it this way: we are outsourcing a good slice of the housing slump effects South of the border. That should warm your heart.
CROSSING BORDERS
• Ripple Effect: Wal-Mart’s Mexico arm has seen slower sales growth as customers spend less.
• On the Wire: Growth in remittances, an important source of income in Mexico, has slowed as U.S. demand and U.S. housing have softened.
• New Challenge: Wal-Mart, with overall slower sales growth, could see additional pressure in both nations.
Hispanics’ Hard Times Hit Wal-Mart
Results of U.S. Housing Slump Are Felt
On Both Sides of Border With Mexico
By KRIS HUDSON and ANA CAMPOY
August 29, 2007; Page A8
DALLAS — Martín Zamorano, a cement worker and Wal-Mart shopper, frequently used money transfers to send $50 to $100 at a time to his 82-year-old mother in the tiny town of Chinanpas in central Mexico.
Now, with local home construction down precipitously from a year ago, he can no longer afford to send even a modest amount. Instead, Mr. Zamorano has been sending cans of peas and corn, packaged soups, and other foods to his mother through a relative who visits Chinanpas frequently.
“Work has dried up,” said Mr. Zamorano, 44 years old, as he perused the grocery section of a Wal-Mart near the heavily Hispanic Oak Cliff section of Dallas. “It’s been very rainy, and there haven’t been a lot of projects.”
Mr. Zamorano’s plight presents a challenge to Wal-Mart Stores Inc. on both sides of the U.S.-Mexican border. The world’s biggest retailer by sales has increasingly relied on purchases by Hispanic shoppers both in the U.S. and in Mexico to fuel its sales growth. In particular, Wal-Mart has sought to draw Mexican and Mexican-American customers in the U.S. who send money to relatives in Mexico using the retailer’s growing wire-transfer business. The relatives then have the opportunity to stock up while at their local Wal-Mart-operated store.
But economic jitters — in particular, the softening U.S. housing market — have led to spending cutbacks among many in that group. Estimating the impact on a group as large and varied as Hispanics is difficult. But economists at Deutsche Bank estimate about 500,000 illegal Hispanic workers in construction have lost their jobs last year without showing up in government figures. The industry is heavily Hispanic, legal or illegal: The group makes up 25%, or 2.9 million, of the 11.8 million workers in the U.S. construction industry, according to the Pew Hispanic Center, with about three-quarters of them foreign-born.
“There’s less work,” says Jesús Manuel Vázquez, a sheetrock installer in Dallas who sends money to his mother-in-law in the state of Chihuahua in northern Mexico every 15 days but recently has cut back.
Economists cite the housing market, among other factors, for a drop in those money transfers. The Mexican central bank estimates that money transfers into the country have risen 0.6% so far this year, compared with a robust 15% increase last year and 21% the year prior. Money transfers from the U.S. are estimated by economic-analysis firm Global Insight Inc. to account for 5% of Mexico’s consumer spending.
The company cited the slowdown in remittances when its Wal-Mart de Mexico SAB unit, often a generator of double-digit percentage gains in sales, posted a more sedate gain of 8.6% in its second quarter ended June 30. The Mexican unit, known as WalMex, noted that it is attracting more shopping visits than a year earlier at its 930 stores, but shoppers are spending less each time and buying necessities rather than discretionary items.
“The Mexican economy is experiencing slowing growth and softening consumer demand,” Wal-Mart Treasurer Charles Holley said on a recorded message detailing the retailer’s global results for its second quarter ended July 31.
Wal-Mart — which operates under the Bodega Aurrera and Suburbia names, among others, in addition to its flagship Wal-Mart brand — has become the largest retailer by sales by offering a low-cost alternative to relatively inefficient Mexican retailers. WalMex racked up $18.3 billion in sales last year, accounting for nearly a quarter of the retailer’s international sales and ranking it as Wal-Mart’s second-largest international division behind its Asda unit in the United Kingdom.
The retailer has responded to the slowdown by cutting its spending on advertising and marketing, eliminating jobs at its headquarters and slashing prices on a new round of products on Aug. 16.
The money-transfer slowdown is but one of several factors hampering the Mexican economy. Most importantly, U.S. demand for goods manufactured in Mexico — cars, auto parts and consumer electronics, among others — has eased. “Definitely, the slowdown in the U.S. economy in the first quarter triggered a slowdown in Mexican growth,” said Rafael Amiel, a managing director in Philadelphia for Global Insight.
In the U.S., the hit to many Hispanic shoppers adds to a host of other factors, like higher gasoline prices and Wal-Mart’s own failed foray into trendy apparel and home decor, that have limited Wal-Mart’s sales at established U.S. stores to a paltry 1.9% gain in its fiscal second quarter. (Related article on page B9.) In its home market, Wal-Mart has wooed Mexican immigrants and Mexican-Americans with a combination of low prices on clothes and groceries and a growing array of services such as low-cost money transfers, check cashing and prepaid Visa cards aimed at people without bank accounts.
An estimated 9% of Wal-Mart’s U.S. shoppers were Hispanic in 2005, up from 6% in 1997, according to ACNielsen. The company declined to comment on the potential impact on its results.
Other retailers catering to Hispanic shoppers report lulls. Adir International LLC’s La Curacao, a closely held chain of eight Hispanic department stores in the Los Angeles area, reports that its sales gains have fallen two to three percentage points from their year-earlier levels. Similarly, the chain’s sales of money transfers have slowed. “We’re still posting good numbers vis-a-vis last year, but we are starting to see the beginning of a slowdown in consumer confidence,” said Mauricio Fux, senior vice president of business development.
Minyard Food Stores Inc., a closely held operator of 26 Carnival Hispanic grocery stores in the Dallas-Fort Worth area, registered a slight pullback in sales gains earlier this year. Chief Executive Officer Mike Byers attributes the slackening to an unusually wet spring in Texas that cut into construction hours and limited the pay received by many Carnival shoppers.
Osiris Rubio, a 21-year-old construction worker in Dallas, has reduced to $1,000 from $1,500 the amount he and his brother send to family in Paracho in central Mexico every 15 days. The market for construction work in the area “is very slow,” Mr. Rubio said, standing next to his nearly empty shopping cart in a Dallas Wal-Mart. “I still work five days a week, but there’s no overtime. So I get less money.”
Mr. Rubio’s relatives in Mexico have pared their spending and dipped into their savings to make ends meet. His mother uses the money he sends home to buy groceries and pay school tuition for his two brothers still in Mexico. “We don’t spend on any luxuries,” he said.
Must be nice. I've had to swallow my convictions and buy things at WalMart after boycotting them for years. I've even started doing online/phone surveys, but get exhausted after a couple of hours. I think I'm up to a whole 8.10 on one site. Wooohooo!!!
5000 bucks? I'm obviously doing things the wrong way.
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