Latin America

The head of the International Monetary Fund, Christine Lagarde, wants countries to stop cutting and start spending. In Tokyo today, the leader warned that austerity is making the global economy worse.

Despite rough economic times, remittances to Latin America and the Caribbean were up 8 percent from 2010 to 2011.

Jobless claims had been on the decline over the past month or so, and with the unemployment rate going down, we have seen an uptick of Latino immigrant workers in this country, who are sending money back home.