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Remittances From The United States
International money transfers made by migrant workers and immigrants sending a portion of their earnings to their families in their country of origin are known as remittances. Remittances are an important aspect of the global economy, totaling an estimated $601 billion (USD) for the year 2015.Benton, Kenneth. "An Overview of the New Regulation E Requirements for Foreign Remittance Transfers." Consumer Compliance Outlook. N.p., 2012. Web. 19 Apr. 2017 The United States is currently the largest source of international remittances in the world, sending a total of $148 billion in 2017. Mexico received the largest portion of these remittances, accounting for more than $30 billion USD.Ratha, Dilip, Sonia Plaza, and Ervin Dervisevic. "Migration and Remittances Factbook 2016."Migration and Remittances Factbook (2016): n. pag. World Bank Group. 2016. Web. 18 Apr. 2017. making the U.S.-Mexico remittance corridor one of the largest in the world. With the exception of the 2008 global financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Transfer Service
In the legal code of the United States, a money transmitter or money transfer service is a business entity that provides money transfer services or payment instruments. Money transmitters in the US are part of a larger group of entities called money service businesses or MSBs. Under federal law, 18 USC § 1960, businesses are required to register for a money transmitter license where their activity falls within the state definition of a money transmitter. Regulation Forty-nine US states (sans Montana) regulate (i.e., require licensure for) money transmitters although the laws vary from one state to the other. Most of the states require a money transmitter surety bond with widely ranging amounts from as little as $25,000 to over $1 million and maintaining a minimum capital requirement. There is an association of state regulators, the Money Transfer Regulators Association (MTRA) that seeks to create uniformity and common practices and efficient and effective regulation of money tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Designated Terrorist Groups
A number of national governments and two international organizations have created lists of organizations that they designate as terrorist. The following list of designated terrorist groups lists groups designated as terrorist by current and former national governments, and inter-governmental organizations. Such designations have often had a significant effect on the groups' activities. Many organizations that have been designated as terrorist have denied using terrorism as a military tactic to achieve their goals, and there is no international consensus on the legal definition of terrorism. Some organisations have multiple wings or components, one or more of which may be designated as terrorist while others are not. This listing does not include unaffiliated individuals accused of terrorism, which is considered lone wolf terrorism. This list also excludes groups which might be widely considered terrorist, but who are not officially so designated according to the criteria specif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption (economics)
Consumption is the act of using resources to satisfy current needs and wants. It is seen in contrast to investing, which is spending for acquisition of ''future'' income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently. According to mainstream economists, only the final purchase of newly produced goods and services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services). Economists are particularly interested in the relationship betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Account
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online. People deposit funds in savings account for a variety of reasons, including a safe place to hold their cash. Savings accounts normally pay interest as well: almost all of them accrue compound interest over time. Several countries require savings accounts to be protected by deposit insurance and some countries provide a government guarantee for at least a portion of the account balance. There are many types of savings accounts, often serving particular purposes. These can include accounts fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Mexico
The economy of Mexico is a Developing country, developing mixed-market economy. It is the List of countries by GDP (nominal), 15th largest in the world in nominal GDP terms and the List of countries by GDP (PPP), 13th largest by purchasing power parity, according to the International Monetary Fund. Since the 1994 economic crisis in Mexico, 1994 crisis, administrations have improved the country's Macroeconomics, macroeconomic fundamentals. Mexico was not significantly influenced by the South American economic crisis of 2002, 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the Late-2000s recession, 2008 recession with its gross domestic product contracting by more than 6% in that year. The Mexican economy has had unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows. In spite of this, sig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Government (textbook)
American Government is a textbook, now in its seventeenth edition, by the noted public administration scholar James Q. Wilson and political scientist John J. DiIulio, Jr. DiIulio is a Democrat who served as the director of the White House Office of Faith-Based and Community Initiatives under president George W. Bush in 2001. Wilson, a Republican, chaired and participated in numerous White House task forces and commissions, and was awarded the Presidential Medal of Freedom by president George W. Bush in 2003. Wilson died in March 2012. The book examines and analyzes the government of the United States, covering every aspect of government from elections to interest groups. The current edition, ''American Government: Institutions and Policies'' also lists co-authors Meena Bose and Matthew Levendusky. It is published by Cengage Learning. This book is currently used in both college and Advanced Placement high school courses across the United States. The book is roughly 780 pages an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of Mexico
The Federal government of Mexico (alternately known as the Government of the Republic or ' or ') is the national government of the Mexico, United Mexican States, the central government established by its constitution to share sovereignty over the republic with the governments of the 31 individual Mexican states, and to represent such governments before international bodies such as the United Nations. The Mexican federal government has three branches: executive, legislative, and judicial and functions per the Constitution of Mexico, Constitution of the United Mexican States, as enacted in 1917, and as amended. The executive power is exercised by the executive branch, which is headed by the president and his Cabinet of Mexico, Cabinet, which, together, are independent of the legislature. Legislative power is vested upon the Congress of Mexico, Congress of the Union, a bicameral legislature comprising the Senate of Mexico, Senate and the Chamber of Deputies of Mexico, Chamber of Deput ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remitly
Remitly is an online remittance service based in Seattle, United States that offers international money transfers to over 135 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September of 2021. History Remitly was founded in 2011 as BeamIt Mobile. One of the company's co-founders, Matthew Oppenheimer, decided to create a money transfer service after working as Barclays Kenya's head of mobile and internet banking initiatives and seeing how difficult it was for Kenyans to receive money transfers from family members working in other countries. The company was initially a search engine for remittance services but shifted into money transfers soon after. It changed its name from BeamIt to Remitly in August 2012. In April 2013, Remitly announced that it would allow its users to send free money transfers to the Philippines. This was the first international country to which the company could deliv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xoom Corporation
Xoom Corporation (also known as Xoom, a PayPal Service) is an electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States and Canada to 131 countries. History Xoom Corporation was founded in 2001 and has its headquarters in San Francisco, California. In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers as having amongst the highest consumer satisfaction ratings. In March 2011, and in September 2012, Xoom was listed in the "Wall Street Journal's" annual "Next Big Thing List" list of the 50 most promising venture-backed companies. In October 2012, in a follow-up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, ranked Xoom top for fees charged and countries served. Funding and ownership On September 28, 2007, Xoom closed a first E-series round of financing for $20 million. Peter Thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Union
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services (including wire money transfer) in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, Western Union began to move its business away from communications in the 1980s and increasingly focused on its money transfer services. The company ceased its communications operations completely in 2006, at which time The New York Times described it as "the world's largest money-transfer business" and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
