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Submitted by Oz on
1. There appears to be a more significant drop amongst African immigrants who are small business owners than those who are employees. No surprises here, except both groups seem to complain with equal vigour about the drain on their income by monies sent back home. 2. Wall streeters (finance folks) have taken on a defensive posture against request for money by kinfolks back in Africa. Though their income may have been drastically impacted they still feel responsible to those waiting on them back in Africa. Surprisingly (eyeball data collection) it appears that remittances are not as elastic as I would have assumed. 3. If friends and clients are a true representation of the true picture of the aggregate of the true picture then remittances to Africa has fallen over the last two years. However this drop may be at a slower pace than the fall in aggregate income of African immigrants in the United States.