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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
MagazineImmigration

Economics are a big factor in the U.S. migrant crisis. Here’s how immigration numbers and GDP compare in the Americas

By
Matthew Heimer
Matthew Heimer
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Nicolas Rapp
Nicolas Rapp
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By
Matthew Heimer
Matthew Heimer
and
Nicolas Rapp
Nicolas Rapp
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February 11, 2023, 8:00 AM ET
Nicolas Rapp
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For many if not most immigrants, hopes for economic betterment are part of the calculus of relocation. Many Latin American economies were hit especially hard by the COVID-19 pandemic, which has helped fuel a surge in attempts at undocumented migration to the U.S. from those countries.

This map illustrates how much someone could theoretically boost his or her standard of living (as measured by per capita GDP) by crossing borders. But economics are only one factor in the hemisphere’s immigration dilemma: Political conflict in Nicaragua and Peru; gangs in Honduras, Guatemala, and El Salvador; and systemic breakdown in Cuba and Venezuela are also driving people to leave their homes behind.

This article appears in the February/March 2023 issue of Fortune with the headline, “Economic exodus in the Americas.”

About the Authors
By Matthew HeimerFormer Executive Editor, Features
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Matt Heimer previously oversaw Fortune's longform storytelling in digital and print and was the editorial coordinator of Fortune magazine.

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Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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