Haitian President Jovenel Moïse was assassinated in an attack on his private residence early Wednesday, according to a statement from the country’s interim prime minister, who called the killing a “hateful, inhumane and barbaric act."
First Lady Martine Moïse was shot in the overnight attack and hospitalized, interim Premier Claude Joseph said.
Even before the assassination, Haiti had grown increasingly unstable and disgruntled under Moïse. The president ruled by decree for more than two years after the country failed to hold elections and the opposition demanded he step down in recent months.
“The country’s security situation is under the control of the National Police of Haiti and the Armed Forces of Haiti," Joseph said in a statement from his office. “Democracy and the republic will win.”
In the early morning hours of Wednesday, the streets were largely empty in the Caribbean nation's capital of Port-au-Prince, but some people ransacked businesses in one area.
Joseph said police have been deployed to the National Palace and the upscale community of Pétionville and will be sent to other areas.
Joseph condemned the assassination as a “hateful, inhumane and barbaric act.” In the statement, he said some of the attackers spoke in Spanish but offered no further explanation. He later said in a radio address that they spoke Spanish or English, again offering no details.
The White House described the attack as “horrific” and “tragic” and said it was still gathering information on what happened. U.S. President Joe Biden will be briefed later Wednesday by his national security team, spokesperson Jen Psaki said during an interview on MSNBC.
“The message to the people of Haiti is this is a tragic tragedy,” she during a previously scheduled interview on CNN. “It’s a horrific crime and we’re so sorry for the loss that they are all suffering and going through as many of them are waking up this morning and hearing this news. And we stand ready and stand by them to provide any assistance that’s needed.”
Haiti's economic, political and social woes have deepened recently, with gang violence spiking heavily in Port-au-Prince, inflation spiraling and food and fuel becoming scarcer at times in a country where 60% of the population makes less than $2 a day. These troubles come as Haiti still tries to recover from the devastating 2010 earthquake and Hurricane Matthew that struck in 2016.
Opposition leaders accused Moïse, who was 53, of seeking to increase his power, including by approving a decree that limited the powers of a court that audits government contracts and another that created an intelligence agency that answers only to the president.
In recent months, opposition leaders demanded he step down, arguing that his term legally ended in February 2021. Moïse and supporters maintained that his term began when he took office in early 2017, following a chaotic election that forced the appointment of a provisional president to serve during a year-long gap.
Haiti was scheduled to hold general elections later this year.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.