When you open a bank account, you create a safe place to store your money. But in reality, you’re starting a lending service that the bank controls. Every time you deposit money, you’re expanding this service. The bank doesn’t just keep your cash in a vault; it uses your deposits to provide loans to other

Haitian Americans, mainly run as democrats, have not been successful as candidates in state and federal elections.  Many fail to pass the primaries, often losing by wide margins even in heavily concentrated Haitian communities. Here are some main reasons behind their defeats and struggles to gain traction.  One of the primary reasons for these losses

Banks report borrowers’ late payments as overdue or delinquent to credit bureaus like Equifax, Experian, and TransUnion. However, it is the collection  agency purchasing the debts from the banks that report them to the bureaus as unpaid or collection accounts when borrowers fail to pay. These reports significantly damage borrowers’ credit scores as they indicate

Haiti’s abundance of political parties yields a fragmented parliament where no party has ever secured a majority. This leads to frequent gridlocks and legislative standstills that dilute presidential influence to pass laws effectively and hampers effective governance.  Political parties lack representation nationwide due to their weak organizational structure and ineffective outreach strategies to engage the

Haiti’s reliance on imported rice, particularly from the United States, has been a significant factor in the decline of the country’s national rice production. Imported rice is more affordable for consumers, which has reduced demand for locally produced rice, weakening the agricultural sector and stifling the growth of local industries. To address the decline of

The Multinational Security Support (MSS) has been intensifying its operations in Haiti. They claimed to have recaptured the country’s international airport, the General Hospital, and strategic critical gangs’ strongholds of the capital. However, the force faces challenges that conventional wisdom posits that increases of funds and boots on the ground may resolve. However, the situation