18 Burst results for "Finra Sipc"
The Great Remittance Mystery
"Remittances the money that migrants people living and working abroad sent to their countries of origin, and there are as many as two hundred and seventy million people around the world in that situation, sending money to their families because of that remittances have become a vital source of financing for many developing countries the sums of money are huge. In fact, the amount of money sent in remittances is greater than the sum of all investments made by foreign companies in developing countries combined, and it is more than tripled the amount of aid that governments provide those. Countries. So when the coronavirus pandemic took hold on economies went into lockdown, no one was surprised when the World Bank predicted a twenty percent drop in remittances for this year, the lines after woman massive layoffs particularly in the US has the largest number of migrants and the World Bank warned of dire consequences for some developing economies that rely heavily on the cash that those workers send back home but nearly eight months in that correction has not happened remittances. This year have been steady, and in some cases, they have actually risen remittances to Mexico for example, jumped nine point four percent in the first eight months of the year it is. A mystery. Mystery, we love mysteries at the indicator. So. The break hired is that remittances are flying high even luke global growth circling the drain Hattie Hirsch cracks the case with a little help. Support for this podcast and the following message come from each trade you want to invest your money, but there's one problem you're not sure where to begin. Luckily, there's e-trade who offers more than just trading each rates simplifies investing without the financial jargon and has the people to offer guidance and support to make your money work hard for you. For more information visit each trae dot com slash NPR, e-trade securities see member Finra SIPC. Laura Karen is a specialist in development economics and a consultant at the World Bank. She's also reading for Doctor Economics at Columbia University. Welcome Laura. Thank you so much for having me a pleasure and I should say that I came across your research in a story and one of my favorite daily emails the conversation and you cited this staggering number in twenty nineteen migrants sent a record five, hundred, fifty, four, billion dollars back to their countries of origin, and that's up twenty percent in three years compared to two, thousand sixteen. So what's behind that jump? There's a couple of factors that are behind that. So one of them is in the last few years, we've seen healthy growth in popular destination countries. So part of it can be attributed to growth in the United States and also increasing flows coming from the Gulf Cooperation, Council countries and from Russia as well. So what you're saying is that because these economies are doing very well or happened how did you very well? During that periods, it means that there's more money being paid to these migrant workers, more migrant workers earning money, which means they're able to send more money home exactly and another big push that's causing this increase in remittances and I'm speculating a little bit here but let me draw from some of my other research, which is highlighted the boom in the use of mobile money and online or digital finance providers. So it's getting easier and easier to. Send money home digitally in one of the reasons for this is the penetration of smartphones right about that exactly right smartphones or even you know feature phones are getting more and more common around the world and our unlocking these digital and online finance solutions which are making it cheaper and easier than ever before to send money across countries and back home to migrant worker families. How would families have done that I would migrant workers have got that money? Back in the past then before we had digital technology, there's a lot of different ways traditional wire transfers but as well informal channels. So for example, a migrant worker might take cash home when they visit home for a holiday or to see their family and those are really hard to measure. So it's not until recently that we've gotten a good idea of how big these floods really are as some of these things are starting to come to light. So it it it may be. That's. The data is just skewed by the fact that there wasn't so much transparency in the past because of the informality of these transfers whereas now there's much more transparency because it's so digital and therefore easy to track. It's still something that is notoriously difficult to measure, but it's getting easier and easier as things move into the digital world. So, fast forward to earlier this year the global reaction to the spread of, Covid, nineteen, we had lockdown social distancing layoffs, plummeting growth numbers, bankruptcies, more layoffs, massive declines in household income from many workers, and yet remittances stay steady and in some cases even rise I mean, that's kind of mystery. How is that? Right? So the first reason is that migrant workers are often essential workers in their destination countries. So they're not necessarily losing their jobs as much as we might expect, and in some countries like in France in Spain and Germany qualified migrants who were not allowed to work in certain. Sectors before especially essential sectors like doctors or nurses are now being allowed to work in those sectors as part of the pandemic response use mentioned in the story that altruism on behalf of my coworkers might have something to do with this. Can you talk a bit about that? So a lot of migration research in the past has pointed out that one of the main reasons migrants move to another country to work is in search of better opportunities for themselves but also for their families and to be able to provide for their families and it's been established in the kind of migration literature that. Remittances tend to rise when things are bad at home. So you would expect remittances to fall when things go badly but instead they rise and that really gets to the heart of what migration is about. It's about providing for their families as best as possible even though they're struggling in their destination, countries are presumed that. The government stimulus right where people got in some cases more money than they would otherwise earns ripe especially in the United States with the unemployment benefit supplements I'm assuming that that stimulus would have had some effect on this. Is that correct? Exactly. So some migrants have been benefiting from these government stimulus for one example in California even. Migrants were allowed to receive stimulus checks and some researchers have linked to an increase in remittances especially to their families in. Mexico. So this extra stimulus spending is also being translated back home
"finra sipc" Discussed on KGO 810
"Member FINRA SIPC the danger drive going AT this time around and sponsored by mercury insurance KGO is marking it out the children autobody traffic desk northbound ET into Oakland very tough right now there was an earlier crash in Fifth Avenue and we're now in recovery mode that means a bumper to bumper traffic from two thirty eight all the way up to Fifth Avenue meantime the southbound Nimitz drive is typically slow out of the the San Lorenzo area from two thirty eight in pockets all the way to two thirty sevenths also in the South Bay your north down to eighty commute flows through downtown San Jose from one on one and that will pretty much stay below the speed limit to two foothill expressway we've had so many metro delays on earlier switch issue the inbound subway service is going to be delayed but the switch issue has been repaired and we're backed up in the maze and slow in the San Francisco because of an earlier stall on the bay bridge did you know California driver save an average of seven hundred and sixty nine dollars with mercury insurance thank you bye copy for years don't miss your chance to save get a free quote today at mercury insurance dot com it's easy the hard part will be deciding what to do with the money you save this weather report is sponsored by North Beach restaurant we are being tease with spring like weather today sunshine highs right around eighty cooler weather arrives tomorrow sixties and seventies for a high in the clouds move in and bring bring in with Sam some possibilities of rainfall around parts of the bay area mainly in the North Bay and it's gonna be like Friday night into Saturday do you sell stuff online then you're probably still recovering from that crazy holiday shopping season well there's a way to help you make twenty twenty less crazy and more.
"finra sipc" Discussed on News 96.5 WDBO
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"finra sipc" Discussed on News 96.5 WDBO
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"finra sipc" Discussed on News 96.5 WDBO
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"finra sipc" Discussed on News Radio 1190 KEX
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"finra sipc" Discussed on 850 WFTL
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"finra sipc" Discussed on 77WABC Radio
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"finra sipc" Discussed on News 96.5 WDBO
"Member FINRA SIPC with the quicksilver car Capital One. You earn unlimited. One point five percent cashback on every purchase unlimited unlimited. On. Anyway, you say unlimited one point five cast Beckham every purchase just sound capital. One. What's in your what's in your wallet? Listen you while capital? One Bank USA NA, whether you want to save for retirement, leave a legacy for your family or simply gain financial peace of mind. You can find your central Florida planner at certified financial your local CFP throws where their produce producers are planning tomorrow today online financial group dotcom. Time to t- off for a good cause. At the third annual advent health golf classic. Join us on Friday, April twenty-sixth for a round of golf and giving at champions gate golf club. Every swing putt and step on the fairway can have a positive impact as proceeds will benefit programs and services at avid, health and your participation will provide lifesaving support to an area of your choice at advent health to learn more and claim your sponsorship today, go to Edmund health dot com Bullard slash Gulf Adleman health dot com forward slash Gulf. Did you know it's legal to own a silencer in just a few easy steps you could own one to come to the armories for the whitest selection of silencers in central Florida at the armories day guarantee. They have the right firearm for you choose from a wide selection of trusted brands, like Gluck Smith and Wesson and six hour, and they even accept trade ins ask about their concealed weapon courses and gunsmith services to the armories conveniently located in Qasimi garden Endo veto or online at the armories dot com. Do.
"finra sipc" Discussed on News 96.5 WDBO
"Inc. Member FINRA SIPC licensed in Florida. Four. Hundreds of new and pre-owned vehicles report dot com today. The thirtieth annual spring fiesta and the puck presented by your local Ford dealers is April sixth and seventh in downtown Orlando at lake Yola bring the family and enjoy more than two hundred artists and Crafter booth food live music and more with news ninety six point five WDBO. It is does news at numerous got an S. Thanks so much for being part of the show today in joining us during your lunch hour, we've got issues on the four seventeen but we do have some good news about Jackie southbound lanes are open past university. But on the northbound side past colonial to left lane. Stay close to stay right. All right. We'll go to Jackie here in a moment. Twelve forty here at news ninety six point five WDBO. Gene Wexler, medical marijuana becomes a six billion dollar industry in Florida. But when Christine accused that goes to get her medical marijuana, prescription filled just pay with cash, and it's a lot of cash, it's not twenty bucks here. They're you know, we're talking only five hundred dollars. One is still illegal at the federal level. And that means banks are skittish to get involved. A Bill filed in congress, which the cash only business and already has bipartisan support from eight four two legislators, let let us know if you support that using the open mic feature in our app Busch gardens announces the opening date of its newest coaster. Just two weeks away Busch gardens ninth roller coaster Tigris will open on April nineteenth the Costa Rica's one hundred and fifty feet making it Florida's tallest triple launch coaster. That means it uses electronics to launch the coaster along the track just like their other roller coaster, cheetah hunt and writers will travel backwards and forwards at more than sixty miles per hour. Moving like tiger. Brenda are get a news ninety six point five WDBO from one ride to the other the former Orlando I gets another new name for the fourth time since it's opened the giant observation we all on. I drive is getting rebranded by its owners. Its new name is the wheel at icon park with all the name changes. I check with central Florida residents to see if they were a bit confused. On what's being called these days? Do you guys know what it's called the icon of Orlando icon. It's changed over Orlando. I I mean it used to be the Orlando item. And then they just tend to. Or something like that. What is that called called the Orlando? I there were a few people like this guy who didn't even know the original name when asked I don't big ferris wheel extravaganza incorporated. I'm recopied on you can read more about the history of the observation wheel, formerly known as the Orlando..
"finra sipc" Discussed on 77WABC Radio
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"finra sipc" Discussed on News 96.5 WDBO
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"finra sipc" Discussed on WTMJ 620
"FINRA SIPC. Being with us nine nuclear power plants in the US are slated to shut down by twenty twenty five that is after six have been closed since two thousand thirteen what's this mean for nuclear power industry workers who wants could expect to be employed in the same field for decades? And what happens to these plants physically once they're retired more from Wall Street Journal reporter Aaron Aylward Aaron what's going on. Basically the nuclear industry in in turmoil because a lot of nuclear power plants all retiring for a variety of revenge. We had six that have gone offline since twenty thirteen and nine more slated Henry between now and twenty twenty five. So that's a large number plants that are going to come a fine. And that means a lot of jobs me the nine that are going to shutdown employ about seven thousand people. Wow. Yeah. So, you know, it's a big deal for the people who work and these are dogs at one point. You know, you could expect to get a job in the nuclear power industry was very well paying job you'd have it for Abe issue. Centrally retire from that, you helping you buy your first house, raise your kids all that. And now the workforce in this industry are having to leave that feature. Why are some of these plants going off line? What are the reasons? Oh, well, the big one is is competition mainly from very cheap metro gas. But also. Renewable. And. They've been taking up more of. Generation mix. You also have what the nuclear industry argues is essentially over-regulation till regulations were tightened after incidents like the partial meltdown of the reactor at Three Mile Island. I think that was in nineteen seventy nine. And then, of course, she boy more recently Fukushima. But you know, those those regulations in the plane with that are expensive boy. So as you point out, these are important employers, especially in some of these rural towns were these power plants are located what are the towns do. Well, I mean, you know, they've got to figure out what happened when they're big employer. Got away. And you just mentioned a lot of these plant are eventually economic anchors. They they provide a lot of the CAC Stacey go their employees spend money in the cities and towns where they plant located obviously, they go out to eat all that stuff to it ripples out until well, and then also just the volunteer in other work in a community. Not disappears towns really have to come up with a plan b. That looks different headwear and some don't really succeed Wall Street Journal reporter Aaron L worth thirty minutes. Now after the hour on This Morning, America's first news. Traffic and weather together on the jazz. It looking out there. It looks like they've got that accident cleared. Let's check the WTMJ five-day forecast. WTMJ five day forecast. Newsradio WGM j you have high standards you see room for improvement when everyone else sees perfection. Every move. You make is calculated and effective when you're running a company, there's no other way and Johnson Bank. We know what it takes to meet high expectations and exceed them, we've.
"finra sipc" Discussed on KTLK 1130 AM
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"finra sipc" Discussed on KDWN 720AM
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"finra sipc" Discussed on Bloomberg Radio New York
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"finra sipc" Discussed on 850 WFTL
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"Securities. Member FINRA SIPC just ahead on WCBS news mayor decides on a next in line top cop and Baltimore get to hoops, Tori, perhaps economic benefits details next in more, Sean Hannity. Four o'clock. Stay connected with stimulating talk at breaking news on talkradio six eighty WCBS, Baltimore and wcbMcom. Sides dig again, I'm Lisa Brady. Fox news. The finger pointing continues in Washington on day eighteen of a partial government shutdown over funding for a border wall. As the president prepares to address the nation tonight. Fox's Jared Halpern. Live on Capitol Hill ahead of President Trump's national address Republicans on Capitol Hill are echoing the White House language in describing a crisis at the border urge our democratic colleagues to get past these harmful political games against serious about negotiating with the president. As Senate Republican leader Mitch McConnell against says, the Senate will only vote on proposals that can win sixty votes and get the president's support Democrats pointed the eight hundred thousand federal workers expected to miss a paycheck urging Republicans to reopen the government before a debate over border security, Lisa thanks Jared. A second suspect is now charged in the drive-by killing of a little girl in Texas. Fox's. Grenell? Scott has this live. Lisa earlier today at jasmine Barnes funeral Harris County sheriff Ed Gonzales told mourners look forward to the day that I can truly say rest in peace. Sweet. Jasmine for Justice has been done that day may be today is Harris County officials announced on Twitter that Larry D Woodruff has now been charged with account of capital murder. Jasmine, Steph police said in a release Woodruff with arrested on other charges last Saturday, but further investigation linked him to the little girl's death. Eric black junior. Also in custody for driving the car from which the deadly shots were fired for fired. He is also charged with capital murder. Lisa. Thanks, Colonel three in a row on Wall Street. Dow up two hundred fifty six points at the closing bell just over twenty three thousand seven hundred eighty points, the SMP and the NASDAQ also higher. This.