By MARK STEVENSON
The Associated Press
Published: August 7, 2008
ATOTONILCO, Mexico - Mexicans working in other countries are sending less money home, threatening businesses, stalling construction and choking cash flow to hamlets where as much as half the population works in the United States.
Analysts said stepped-up immigration raids and the slowdown in the U.S. economy accounted for the drop in the payments, which many migrants use to sustain families back home.
The payments, or remittances, have fallen about 2 percent this year, to $11.6 billion, the first such drop in more than a decade since reliable records have been kept, Mexico's Central Bank said Wednesday. [Read More]
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