Article

2015-02-22 Africa Horn

Somalis panic as cash flow dries up after U.S. remittance lifeline cut

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Posted by Steve White 2015-02-22 00:00|| || Front Page|| [1 views ] Top

#1 I know some Nigerian bankers they could use.

Posted by Skidmark 2015-02-22 00:55|| 2015-02-22 00:55|| Front Page Top

#2 Task Force Ranger, bitchez.

Posted by Matt 2015-02-22 09:19|| 2015-02-22 09:19|| Front Page Top

#3 All the cash did was prolong their agony.

Posted by Rob Crawford 2015-02-22 10:05|| 2015-02-22 10:05|| Front Page Top

#4 Al-Barakat, known for cheap overseas money transfers, was a mainstay of the Somali economy until a 2001 clampdown.When it was operational, al-Barakat operated in 40 countries and transferred up to $140m a year.

Al-Barakat was [black]listed in 2001. Later that year, the US blacklisted the firm's representatives, suspecting that the company had been involved in the transfer of funds used in the 11 September attacks - a suspicion that was later refuted by the report on the official inquiry into the attacks.

The company operated on an ancient system known as hawala, which uses food, fuel, electronics or gold as a way of balancing the books between operators - hawaladas - in different countries. Migrant workers can send money home to relatives by depositing money with a local hawalada, who then instructs an agent to disburse the money in the recipient's country.

Posted by Pappy 2015-02-22 11:43|| 2015-02-22 11:43|| Front Page Top

If you’re looking to celebrate Mexican Independence Day, one party in Santa Rosa is free and fun for the whole family.
Fiesta de Independencia, on Saturday at the Wells Fargo Center for the Arts, honors both Mexican independence and the rich history of the Latino culture and people with food, music, dancing and art. (The party’s a few days early, as Mexican Independence Day is Tuesday.)

This is the fifth year of the Fiesta, and organizers say it will be the biggest and boldest yet.

“Over the years, the festival has grown into a fun and lively celebration of all things Latino,” says Tracy Sawyer, arts and outreach program manager for the Wells Fargo Center. “It’s a great way to sample Latino culture and spend a Saturday afternoon.”

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Regrettably, missed it again this year. The long money transfer line at the Publix should have served as a reminder.

Posted by Besoeker 2015-02-22 11:51|| 2015-02-22 11:51|| Front Page Top

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