Money talks - and sings in Arizona

They say "money talks" and it has raised its voice in Arizona.

CNN reports today anecdotal evidence from business owners, real estate agents and community leaders that indicates that Arizona's new immigration law has created a culture of fear among Hispanics in Arizona that's slowly paralyzing sectors of the economy. In addition, economic boycotts adopted by other states and cities have hit Arizona's meeting and convention business. Since groups nationwide began announcing boycotts of the state because of SB 1070, at least 40 meetings have been canceled, which resulted in the loss of $12 million in lodging alone, according to Kristen Jarnagin, spokeswoman for the Arizona Hotel & Lodging Association.