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LA migrant workers remittances

Slumping economies in the United States, Spain and Japan are causing reverberations in the countries of Latin America as migrant workers send less money home.

Latin America

Latin America

The Inter-American Development Bank reported that for the first time since they began tracking remittances in 2000, remittances to Latin America declined in the fourth quarter of 2008, dropping 2% relative to the fourth quarter of 2007.

In January, remittances declined further, with Colombia experiencing a 16% drop relative to 2008, Brazil suffering a 14% decline, Mexico 12%, and Guatemala and El Salvador each falling 8%.

These numbers come as 2008 saw an average 10% increase in remittances. Nearly US$70 billion was sent back to families in those areas in 2008. Read More…

On this day August 25, 1825

The Uruguayans’ road to independence was much longer than those of other countries in the Americas. Early efforts at attaining independence focused on overthrow of Spanish rule, a process begun by Jose Gervasio Artigas in 1811 when he led his forces to victory against the Spanish in the battle of Las Piedras on May 18, 1811.

The Plaza Independencia

The Plaza Independencia

In 1816, Portuguese troops invaded present-day Uruguay, which led to its eventual annexation by Brazil in 1821 under the provincial name, Provincia Cisplatina. On April 19, 1825, thirty-three Uruguayan exiles led by Juan Antonio Lavalleja returned from Buenos Aires to lead an insurrection in Uruguay. They were known as the Treinta y Tres Orientales. Read More…