Best business reporting from abroad in newspapers or wire services
AWARD YEAR: 2006
AWARD NAME: The Malcolm Forbes Award 2006
RECIPIENT: Los Angeles Times staff
AFFILIATION: Los Angeles Times
HONORED WORK: “The New Foreign Aid”
The Los Angeles Times five-part series focused on the extensive phenomenon known as remittances whereby immigrants working abroad send money to their families in their home countries. This $250 billion global ritual accounts for the fastest growing and most reliable source of income for developing countries. Every day remittances are flowing not just to Mexico from California, but from Italy to Kenya, Spain to Ecuador, South Africa to Zimbabwe, and from just about everywhere to the Philippines. The Times brought the stories to life by recounting the sometimes harrowing experiences of individuals on both ends of the remittance pipeline. Proving that commitment to foreign news is not dead, the Times sent its reporters to 14 countries to tell the compelling stories of remittances the new foreign aid.
Citations for Excellence:
Dan Fitzpatrick
Pittsburgh Post-Gazette
“Wild Wild East”
Chip Cummins
The Wall Street Journal
“The Global Energy-Security Crisis”