Global Investing

Main menu:

Currency Converter


Site search

Categories

  • Subscribe


    Feed
    addtomyyahoo4
    Subscribe in NewsGator Online
    Add to My AOL
    Subscribe in Rojo
    Subscribe with Bloglines
    Add to netvibes
    Add to Google

    Add International Investing to Newsburst from CNET News.com
    Add to SiteShuffle
    Subscribe in FeedLounge
    Subscribe in Bloglines
    Bitty Browser
    Subscribe in NewsAlloy
  • Archive



    The Vast Empire of Western Union

    Fascinating article in the New York Times about Western Union:

    With five times as many locations worldwide as McDonald’s, Starbucks, Burger King and Wal-Mart combined, Western Union is the lone behemoth among hundreds of money transfer companies. Little noticed by the public and seldom studied by scholars, these businesses form the infrastructure of global migration, a force remaking economics, politics and cultures across the world.

    Last year migrants from poor countries sent home $300 billion, nearly three times the world’s foreign aid budgets combined.

    The most interesting part of the article is its exploration of Western Unions political involvement and active lobbying to protect its customer base.


    Share this article: del.icio.us | Digg it | Netscape | reddit | Yahoo MyWeb |

    Write a comment