Thank. You. Think thats. At the thing is. With the past the hour you. Think that im driving home from work with the seat that i am on my way home and ill send you money by western. With the ill be there and a half an hour. Ok ok thanks. Again is not me. When it comes to sending money what you have is the. Grocers you have. A portion of. It up. In theres. Basically i submit to consumers to enable these funds for those. One of the most important issues with the economy. Is the imperatives that these. Goes with these many thanks for the. Warning to be almost anywhere in the world wrong. With. That money were not writing. The movement of people is a very predictable and resilient type of business and the investors view that in the concept of Western Union which helps facilitate the market share we do as a very resilient Business Model that generates fees. People send money home eighty billion dollars flows through the Western Union pipes out of four hundred billion on average flows around the world so people think about investments and how they view Western Union couldnt ask is how much of their revenue mix is recurring is a fee based business or is it one that there are risks credit risks where when lending money thats not the case a Western Union and a Business Model just to help facilitate the move the money around the world. One. Zone or five got eight children who live there. And. Six in miami. One in new york and one in virginia yes they are they make a big contribution to our Living Expenses about eighty percent towards our costs here and the house. That wasnt easy for us. But maybe it was a blessing that they emigrated when not. Thanks to their money my wife is still alive thank. You. I mean nobody asked but im told my name is brando. I work on construction sites in miami and i arent fourteen dollars an hour. And i know me from that was you know i left on tours in one thousand nine hundred seventy and they took the money that i sent to my family and on doriss for my mother and my father. And they use it to my front. And go me that my mother suffers from diabetes and monitored by so so they also need to pay for my mothers medication im going to some more thing in may soon as well. I think the secret of the brand of Western Union is how immigrants relate to western europe and my line has been very interesting i think and its really true if we understand most countries that immigrants are coming from either latin america or anyplace else most of the. Telegraph companies and those countries are national theyre actually run by the government or fully into the post office which is seen as a governmental entity and if youre using that for a transaction theres an assumption that is protected that its trade that theyre not going to cheat you and Everything ElseWestern Union is perceived by people outside of the United States as literally being a u. S. Government company which is isnt right and never was so immigrants coming abroad trying to decide that they want to send home money home automatically based on experience assuming that western must be the u. S. Governments right thank. The and. The best. It was. I do. Believe. And then time came in was a big baby little who good Money TransferMoney Transfer didnt even exist in nineteen. In the american the thank. God the one to the business. Way the mexican bank people. Used to send money through envelope by irrelative and their rent them out to travel to mexico. With ten fifteen am ago for all and with almost two hundred on one hundred on one m. We form intended to have company in los angeles. Own by me and my wife and within ten eyck of company allowed us to send money to for income. And i remember the. Few transaction we done there was twenty. Let me come hundred and then we come five hundred and then become a thousand then we come five thousand each day so all we really. Know why Mission Business in california and continued through i think was the you know. Some of us is the how to send money. To. I send seven hundred euros to my wife three hundred euros to my parents. Lets me stay with him for free. My parents are farmers. They grow their own rice and vegetables and dont have any additional income so. The three hundred euros cover their household costs like a kind of pocket money. My wife gets the remaining seven hundred euros for. It isnt easy for us because she has to look after our child. She used to spend a lot on clothes. In china i used to work as a cook. In the pay wasnt enough. When i thought about my future i knew i wanted to get married and build a house but i didnt know where i should find the money for that and lots of people from my village got married and bought a new house or so after that i want to prove they came back rich and successful. Everyone envied them. I was still young and wanted to take that to. See the water i love your show that i was or why didnt he make. This search for economic opportunities. But there is a cost benefit to the search for. Someone of the music also leaving for example. Eggs cost in nicaragua a dollar or two cents in costa rica dollars eighty five cents in washington d. C. Cost two dollars. In germany. May be true though theres a sense so this time that hes. Leaving when it comes to basic commodities the basics. Will. Be. Beings. Even. They become so expensive that the cost of living in my home sometimes is similar to the ghost of living in washington d. C. So you cannot afford if youre going to make it if you go to. The driving by those needs you. I think its difficult. To pinpoint certain events. With the arab spring was a big major event and record resulted in people leaving egypt for example going to italy i think the bigger factors that drive west unions performance is demographics. But sure theres still a Huge Population globally of people under thirty who are looking for work and the second is the big income gap the difference between countries like in the genie seven countries the rich countries people in those countries like their states being sixteen times more than someone in a developing countries thats always going to be the primary factor and then you have these events like the arab spring or some factors that more of. A catalyst than just kind of keep pushing that trend along a little bit but its not the its not the big invisible hand is pushing migration flows its demographics and the income disparity and so as long as that exists theres going to. Migrant migratory flows those two factors. Got to go does the last i think used to these things werent easy at home especially financially. Why havent we out my husband whos ill and cant work gabs i worked in a shop but didnt earn enough. In the end thats why i came here for the inflation rate in katmandu is much higher than it used to be you know what i like then the rent was much cheaper than what some now room costs up to four thousand rupees a month an egg used to cost five rupees and now it cost ten rupees thats two balls are more expensive to a kilowatt price used to cost thirty or thirty five rupees today you know it costs fifty to eighty something. Bronze actually this is in the outskirts of the. Valley have more on the borders of the living in this area so our regional clients are in this particular you know if we say like more than one hundred thousand that would not be wrong and the average income of these people is almost like four hundred dollars out of the three hundred dollars limit on the countries that we are eating too many all these are prescribed for example the district in texas many speed limits and a couple of more a Service Provider so what we do with it is that the customer comes and we give them the. Even the best service for the government money to their countries according to digitise. Well i was in mexico at the time and pending at a conference of mexican americans living in mexico in the United States an immigrant. And i run out of money. And i ask you one of my associates here in and the United States to for work me two hundred dollars. If you went through to the Western Union. Store and he sent me there bill hundred dollars. I was expecting to receive two thousand vessels but they only gave me sixteen hundred the very first involvement that i had with Western Union was triggered by a client and friend of mine luis ben i hope and he called me. Would have been the late one nine hundred ninety s. To complain about the fact that money that he was trying to receive in mexico sent from a colleague via Western Union was being received in less than the amount that was sent from there i began looking into the company and that led to the lawsuit against Western Union which was my first relationship with the company so when i came back here in the United States. The press thing id be in the west tool a friend of mine who used to be as supervisor for a Western Union. And he says well its a. Very complex there you will then understand then and there i said yes i would understand it but i am expecting my forty dollars buy a typical advertisement in a. Almost always in latino communities narrowed states would be a smiling mexican compazine all. With the legend send up to three hundred dollars to mexico for only twelve dollars and it would be true that the service fee for these companies would be as advertised in my example twelve dollars what they werent telling people is that they were making vastly more than that on each and every transaction by Interest Rate differentials so our claim was that they were defrauding their customers by leading them to believe that the only expense on the transaction was the twelve dollars and they were concealing the thirty dollars that is the. Whole point of all that most of us had people known and people didnt know at that point that they were being charged with that and they were talking about billions and billions of dollars that were being kept secret from me by air by a corporation but its already stinking gleefully which the settlement that we reached provided for about four hundred fifty Million Dollars in rebates to the customers of the three companies. Allow a modicum of fellow mom how are you. Im voting to tell you that i send some money by Western Union i send you one hundred dollars. That i. Write down the code says the code is twenty sixty five seventy three. Eighty nine. Ten. And i bet. Hundred dollars will stick your mum but. Thank. The way western youre not great it is said operates that every of their sites has money tied to one of their back. And they instruct me affiliated to a deposit into their banks thats how they they do that type of stuff so all are agents got money and western accounts someplace in every country whether theyre sending countries or receiving countries type stuff and Western Union you so loved to ride the money right every day it was holding it was making interest right it was earning interest per day all banks are an expert and it used to do that its now finding ourselves an extremely competitive market for a lot of the Companies Say in two hours your money is there which means how long youre holding right so Western Union was one of the places that least of all wanted to deliver within two hours and even today you go to the sides and theyll show you different rates and they charge you depending on how soon your your family members pick up the money. I feel under him. In our village seventy percent of the locals are young but theyre going theyre leaving and then a month some are unlucky they have accidents on roofs never been to that and they return home crippled and we see young people in groups of up to thirty leaving here. Others go alone and then. Some of them pay coyotes what people smugglers thats on. Their land there are people whove sold their homes so they can send their children there and thank you and theres a. Little that. Really. Did it used to be different. People didnt pin all their hopes on the us. But weve always struggled financially but on the internet what output and still there were options. There was farming. And there you know about it but you could grow crops to yourself and you had something to exchange for milk and cheese and meat look at the now lets. So again in this neighborhood theres a lot of mauled by housing it isnt really a lower income they were good but high crime. And we have a drop house that was over here. If you look out they kept the people up on the second story so its even harder to get down. As we came to the house two of the six smugglers they were holding the individuals in the house were armed went out the back door the officers in back arrested those two as we went up stairs the stairs up there all of those windows were boarded from the inside there also walk from from the outside so the individuals cant get out and the one bedroom there was four women and a five year old child and then in the other two bedrooms were all hispanic males stripped down just to their underwear their clothes shoes everything had been taken and which is not uncommon theyll keep that off the side keep some Vulnerable People some contained. So if they try and run away or try and get away theyd be running around and theyre under one arm so theres thirty six people in there thats ninety thousand dollars of cash in there twenty five hundred apiece but thats just one law or one law when theres maybe ten thousand a week coming through during the peak season of. You know alien smuggling railing transfer one immigrant kind of order. That we got out of korea or not the next. For many reasons why we found Money Laundering to be important but the main one is we were here on the border we saw significant illegal activity coming across the border and we were aware that there was a disproportionate amount of cash coming into the state that had no business relationship with the state we couldnt find a legitimate reason why Western Union for example had a one hundred one hundred to one a ratio between money coming in there or sauna and money going out from arizona to me first started watching those just telegrams just wire grams or cash was from five hundred six hundred Million Dollars a year well then issuing the money was payment for transportation so first it came to the agent of the transportation agent the car you know the person who who paid off the various drivers and guards and the keeper of the drop outs there are lots of expenses in this activity and then the profits over that worsens who have been shipped back to mexico. If you move up the chain or the hierarchy of the. Money transmitter business making it. For the amount of sales they go through this who are they get bonuses for having the number one store. Thats making these Wire Transfers some people that theyre so greedy and. Dont dont see the pictures that i see are cheap. Seeing the dollar they turned a blind eye that that knowledge they get. As we kept digging we started finding out that the money transmitter them south. Had documents in it and actually. Buy into this the corporation that during the time of the year we get more money because thats when human smuggling our focus was on the original Wire Transfer which was the preferred method of being paid by the sky opus because it was quick it was virtually anonymous and it allowed them to be sure that before they left their cargo of the individual coming across the border go from the drop outs that they were going to pay. The fee. When it came to the let them please enter your full name on line six. Joining Johnny Walker or Walter Johnny johnny was their. M. O. Why did you leave the country like a security threats or unemployment. Unemployment. Put in mumbai where you departed. For trifling without a license. They chained our hands and hips together and put shackles around our ankles. Thats how they sent us back. Up in the plane about thirty minutes before we land in honduras they take off our handcuffs. And. Take his remain steady theyll be more than fourteen thousand d. C. M. But estimates also show that every day about five hundred want to leave the country. Balance there are definitely far more emigrants than deportees. Being deported for the fourth time this is the fourth time that im going back home. What that is i dont actually want to go back home anymore but my children of air because thats the reason is that what they will give me as a government otherwise i wouldnt go back anymore. You know with the surveys also show that people who have been there longer you know their ropes and have reached a certain level of stability of being deported as well it seems to be a strategy at least it looks that way. But its here you replace and let the Current Population with new immigrants who demand far less pay for the same work than those who have been there longer and have improved their situation. Is going to get the name of the employers that are yeah yeah you know for months on those it was you know. I always said my mother one hundred or two hundred dollars. And she was very pleased about that because she was very happy to receive it we had. I been here before and there are different ways to send money in and that were going to work with that you know i sent it via Western Union and you know Western Union is like a whats the word. Like a mail order company. You go there send two hundred dollars and they take twenty dollars or thirty dollars for three hundred. Labor follows capital and thats why we see these workers in the United States thats why we see african workers in Asian Countries thats why. Theyre going where the jobs are they live in the shadows all around us millions of them and because they live in the shadows they lose access to Certain Services such as the more sophisticated and by sophisticated i mean checking accounts right now that now that you know hedge funds but the. Basic middle class sophistication they cant avail themselves of it they cant lay down roots they dont want to create permanent places where their money is held because they might have to move and might have to move quickly either for another job or because word is out that the immigration authorities are going to be coming to their job or coming to the place where they live and so they are forced to use these sort of quickie one shot Money Transfer places when theyre sending money home thats a Western Union as compared to a bank its the Convenience Store its terribly expensive but its right there and they want to ask many questions and you dont have to have an established account and you and you can lie dont you can walk in and say youre me and if you have a license plate identification that has my name on it thats fine thats all we need all we want is your money you dont have a long term relationship with us we take your money we send your money we collect the fees and go back. It was. In the past my family got ten thousand Chinese Renminbi for one thousand euros now only eight thousand it is because of the new International Rules the renminbi is more expensive the Exchange Rate is not as favorable as it used to be. Last year it was better with the same salary i send more money home starting from last year the Exchange Rate constantly drunk. Has a zero to ten members. I want to. See what you get out you i just sent a text message to my wife telling her that i have sent her fifty euros by money gram it costs about fifteen year it was later i was kind of going to make sure the family is at home and tell them i have sent money. Out of our lot could not survive without them and so serves the whole country really surviving because the remittances that are being sent home by him or her bangladesh you know you start putting the numbers together its from process. Basically remittances service. Are really very. There theyre paying her they are paying for their pay or theyre basically feeding family there. Paying for an education for a school in thrilly extremely basic remittances money i mean the ability to pay back it means you can generate funds. For all types stuff the latest Western Union talks about even a proper gala remittances Economic Development. Best thing you know its at the bottom right of Economic Development that is the vehicle that people can pass them back to create jobs and opportunities and. Practically stop working and just wait for remittances. This development is apparent in various countries. People only decide to work at the wages they can for their generally higher than the Money Transfers they receive. Sometimes incomes of this kind stimulate the local economy a little. In some places with high emigration rates you can even witness people investing in houses and Living Conditions improving. But that is in stark contrast to the neighborhood they live in because the rest of the population who dont receive remittances continue to live in extreme poverty. In the. What these companies represent are huge financial concerns and they exact extruding lehi presents from them. When Apple Computers does that its possible problem because by and large the Customer Base for i phones and i pads are people with more money. Than the Western Unions of the world do it to market workers they are taking advantage of people who are not financially sophisticated and who have very little money and they exact profits that are incredibly handsome. So is it exploitive yes i think in the broad sense of the term it is is it illegally exploiting or not under existing law. To get him if i manage to save some money within two years ill go back to naipaul and open a small shop and live off that. You know i havent been able to realize their dreams like it or not doris because life in the us is very hard for me but im. Off. With that. Get all the. It was. The. Cause. Of the race for a. Lot of. Good. Luck. Ill. Follow follow. Follow up. Each. Morning. And come up. With. The. Plug. On that. But endorsements shall go like take the biggest favor team sweep got all the best goals weve got all the action dont miss the one as they go right here. The double is the whole of german football series experience every match yet. She doesnt know if her daughter is annika dead. Solemn of us one of many chechen mothers whove lost their children to i guess. Why do so many chechens joined islamist militia even parents caught between hope fear. Not knowing if theyll ever see their sons or daughters again. In thirty minutes on w. Barely feel. The scars on. The pain still tangible. The suffering for going. Through our cities. They have survived but do they also have a future. I really understand people who say they dont want to stay here. But they also admire people who want to stay here and who decided to create something new in peace time what needs to happen if tolerance and reconciliation are to stand a chance darkness cities after war starting march tenth on t w. Al qaeda linked militants have claimed responsibility for shooting down a russian fighter jet over syrias province russian Officials Say the pilot ejected with a parachute but was killed in fighting on the ground and the Russian DefenseMinistry Says it responded with an as strike on the area which killed at least thirty minutes and