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María and José Know How to Spend Their Remittances

Nearly every time there is a news story about the billions of dollars flowing to poor countries as remittances, someone worries that not “enough” of that money is being saved and invested. A case in point is today’s piece in the Washington Post. Latin American workers in the US will send home $45 billion this year, but “only a small portion … has gone to economic development.”

McPassport to Labor Mobility! (Seriously!)

Hat Tip to the PSD Blog for an intriguing story that the mainstream media almost entirely missed today. The president of McDonald's Europe announced in Brussels plans to issue European McDonald's employees a "McPassport" -- a new type of document that could greatly increase the labor mobility of its 225,000 European employees. Christine Bowers at PSD Blog writes: