18 Burst results for "Finra Sipc"

The Great Remittance Mystery

The Indicator from Planet Money

06:55 min | 1 year ago

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

United States World Bank Mexico Laura Karen Hattie Hirsch California E-Trade NPR Doctor Economics Consultant Columbia University France Russia Council Gulf Cooperation Germany Spain
"finra sipc" Discussed on KGO 810

KGO 810

01:41 min | 2 years ago

"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.

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:03 min | 2 years ago

"finra sipc" Discussed on News 96.5 WDBO

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:01 min | 2 years ago

"finra sipc" Discussed on News 96.5 WDBO

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:33 min | 2 years ago

"finra sipc" Discussed on News 96.5 WDBO

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"finra sipc" Discussed on News Radio 1190 KEX

News Radio 1190 KEX

01:44 min | 2 years ago

"finra sipc" Discussed on News Radio 1190 KEX

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"finra sipc" Discussed on 850 WFTL

850 WFTL

01:33 min | 2 years ago

"finra sipc" Discussed on 850 WFTL

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"finra sipc" Discussed on 77WABC Radio

77WABC Radio

01:40 min | 2 years ago

"finra sipc" Discussed on 77WABC Radio

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:48 min | 3 years ago

"finra sipc" Discussed on News 96.5 WDBO

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:43 min | 3 years ago

"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..

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"finra sipc" Discussed on 77WABC Radio

77WABC Radio

01:51 min | 3 years ago

"finra sipc" Discussed on 77WABC Radio

"Member FINRA SIPC advisory services offered through wealth quarterback American portfolios and wealth quarterback or unaffiliated entities. Investing may involve the risk of loss of capital. A recent study shows Americans are sleeping less than ever. Even though lack of sleep ruins your performance impacts their relationships. It's time to improve every aspect of your life by getting the best sleep of your life on a brand new set of Boll and branch sheets the softest most comfortable one hundred percent pure organic cotton sheets in the world, hundreds of thousands of Americans sleep better. Thanks to bollandbranch, and they're the only sheets love by three US presidents all of their products from the signature soft sheets to the cozy throw blankets to their plush towels are made the right way, not to easy way. These are naturally. Derived products made at the highest levels of craftsmanship and every purchase comes with a thirty day risk-free trial. Get fifty dollars off your first set of sheets, plus free shipping at bollandbranch dot com with promo code John J O H how that's B O L L, andbranch dot com. Promo code John for fifty dollars off, bollandbranch dot com, promo code, John. Want to know what's happening with house visit booth one four one three six at the mid America trucking show to find out. What all the fuss is about an earn. Great giveaways, while you're there with house the differences clear Eric Harley here to tell you about our new podcast red is extra mile your one stop shop for all things trucking. We'll talk about everything from taking care of your rig and taking care of your health to new products and technology regulations and new ways to stay focused on the road ahead. You can listen while you're driving. You can listen while you're not driving rise. Extra mile available on apple podcasts, Google podcasts. Stitcher. Tune in Spotify and our website, right? Eye Radio show dot com. Jay.

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"finra sipc" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:19 min | 3 years ago

"finra sipc" Discussed on News 96.5 WDBO

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"finra sipc" Discussed on WTMJ 620

WTMJ 620

04:25 min | 3 years ago

"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.

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"finra sipc" Discussed on KTLK 1130 AM

KTLK 1130 AM

02:06 min | 3 years ago

"finra sipc" Discussed on KTLK 1130 AM

"Cigar Jones one. Oh, one minute talk boulevard and Minnetonka. Hi, this is Terry sampled CEO of sampled financial group and host the money talks here every weekend. Do you ever feel like you just don't have enough time to plan your financial future? All by yourself. Many people do and the good news is you don't have to plan. It all by yourself. We sampled financial group haven't been helping thousands of people for over thirty years get to their next financial level by being prepared for retirement and helping them manage their assets through retirement, remember, you only have one financial future. And we had sampled financial group wants you to make the most of it. So give us a call for no cost financial review or second opinion, and let's be prepared for your financial future. Again. You don't have to take it on all by yourself. And we have helped thousands for over thirty years be really ready for retirement. Call nine five two five four four two eight three seven or go to Sanford f g dot com. Registered Representative of and independent capital corporation. Member. Finra SIPC services offered through quest. Our asset management tie this Attari sampled CEO of sampled financial group and host the money talks here every weekend. Do you ever feel like you just don't have enough time to? Plan your financial future. All by yourself. Many people do and the good news is you don't have to plan. It all by yourself. We had sandhill financial group have helping thousands of people for over thirty years get to their next financial level by being prepared for retirement and helping them manage their assets through retirement, remember, you only have one financial future. And we had sampled financial group wants you to make the most of it. So give us a call for no cost financial review or second opinion, and let's be prepared for your financial future. Again. You don't have to take it on all by yourself. And we have helped thousands for over thirty years be really ready for retirement. Call nine five two five four four two eight three seven or go to sand f g dot com. Registered Representative of an independent capital corporation, member FINRA SIPC advisory services offered to Questar asset management, the number one request of deployed soldiers is take care of my family. The Minnesota military family foundation does just that we help military families when they have an unexpected financial.

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"finra sipc" Discussed on KDWN 720AM

KDWN 720AM

01:39 min | 3 years ago

"finra sipc" Discussed on KDWN 720AM

"FINRA SIPC, a subsidiary of Lucia capital group affiliate of Lucia wealth services. How has retirement planning changed for a nation of baby boomers generation that needs to rely on ourselves and take control of our retirement plans the employee benefit research institute, calculates twenty eight percent of all retirees had traditional pensions in nineteen seventy nine thirty years later that number dropped to three percent. Just three percents of retirees could rely on pension plans for retirement income at Lucia capital group, customize retirement strategies, for baby boomers aware of the unique challenges of this generation, you may live thirty years or more in retirement. Lucia capital group bucket strategy is designed to meet the needs. Boomers have today and the many years you may live in retirement. Schedule a complimentary consultation, call eight hundred six four four eleven fifty eight hundred six four four eleven fifty or click free portfolio review at wealth. Ed dot com wealth, Ed dot com. Securities offered through Lucia securities LLC member FINRA SIPC subsidiary of Lucia capital group and affiliate of Lucia wealth services strategy involves investments subject to risk. You think of the Home Depot for bedroom or bathroom updates, but bed linens or bath towels? Now, you can find premium names like Laura Ashley, heavy Bauer and the company store at homedepot dot com. It's a new year start with fresh new towels and bed linens from homedepot dot com right now up to forty percents off with any order over forty five dollars delivered free. The Home Depot. More stable more doing US only. Valid through February third inter promo code bed bath fifteen a purchase for an extra fifteen percent on. Hello. Garnered this your wakeup call. Oh,.

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"finra sipc" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 3 years ago

"finra sipc" Discussed on Bloomberg Radio New York

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"finra sipc" Discussed on 850 WFTL

850 WFTL

01:36 min | 3 years ago

"finra sipc" Discussed on 850 WFTL

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"finra sipc" Discussed on WCBM 680 AM

WCBM 680 AM

02:18 min | 3 years ago

"finra sipc" Discussed on WCBM 680 AM

"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.

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