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Despite coronavirus impact, U.S. Mexican workers send big amounts of money back home

October 2, 2020
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| money

The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes, but that didn’t stop him from sending $800 to family in Mexico.

The money had traveled far by the time he was back at work in June. It kept his family fed, funded his father’s hernia operation and paid for other medical expenses.

Early in the pandemic, experts predicted that migrant workers in the U.S. like 32-year-old Luis — who didn’t want his last name used for fear of losing his job and being deported — would wire home less money as the virus hammered the American economy. But those predictions didn’t materialize for workers from Mexico, who have sent home huge amounts of money, called remittances.

In August, their payments amounted to $3.57 billion, according to the Bank of Mexico, the second-highest level on record for a single

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Mexican workers send home huge amounts of money amid virus

October 2, 2020
| No Comments
| money

PHOENIX (AP) — The coronavirus pandemic stopped work for nearly a month at the California farm where Luis earns $80 a day picking tomatoes, but that didn’t stop him from sending $800 to family in Mexico.

The money had traveled far by the time he was back at work in June. It kept his family fed, funded his father’s hernia operation and paid for other medical expenses.

Early in the pandemic, experts predicted that migrant workers in the U.S. like 32-year-old Luis — who didn’t want his last name used for fear of losing his job and being deported — would wire home less money as the virus hammered the American economy. But those predictions didn’t materialize for workers from Mexico, who have sent home huge amounts of money, called remittances.

In August, their payments amounted to $3.57 billion, according to the Bank of Mexico, the second-highest level on record

… Read More

Read More »

Posted in %1$s Tagged %1$s

Lakers-Heat: Bettors have absurd amounts of money riding on NBA Finals, according to William Hill Sportsbook

October 1, 2020
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| money

Boston Celtics v Miami Heat - Game Four
Getty Images

The midseason hiatus and subsequent Orlando bubble as a response to COVID-19 has changed almost everything about this NBA season, but it has had a notable impact on gamblers. Bettors that had futures stakes in some of the best teams in the NBA saw their money go up in flames when groups like the Milwaukee Bucks and Los Angeles Clippers couldn’t adjust to bubble ball. The Miami Heat, meanwhile, have rewarded the faith that bettors put in them with one of the more surprising runs to the Finals in recent NBA history. 

The numbers on some of the earlier bets placed on the Heat, according to William Hill Sportsbook, are stark. Here are the some of the craziest bets they took: 

  • $200 on the Heat at 200-to-1 to win the title ($40,200 payout). 
  • $600 on the Heat at 75-to-1 to win the title ($45,600 payout). 
  • $2,000 on
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