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Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border

Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border

The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the world’s largest banks.

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Not so prime real estate: Closing a golf course brings tax penalties, angry homeowners

Not so prime real estate: Closing a golf course brings tax penalties, angry homeowners

Thirty years ago, Robert “Doc” Graves glanced confidently at the white ball by his feet. Whack! The ball flew more than 300 yards, landing neatly on the green. Graves had four eagles that day and he set the course record at the Ahwatukee Lakes Golf Course in Phoenix. Forty-nine strokes, 11 under par. Today it’s a trashy, weedy wasteland, the victim of demographic shifts, climate change and prohibitively expensive water bills.

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