The MoneyHatch Newsletter, Edition 16

May 14th, 2025

Editor’s Note: When One Man Stopped Global Destruction

On October 27, 1962, during the height of the Cuban Missile Crisis, a Soviet submarine near Cuba found itself being depth-charged by US Navy forces. Cut off from communication and thinking war had likely already started, the crew believed they were under attack and prepared to launch a nuclear torpedo.

The only thing stopping them was a rule requiring unanimous consent from the top three officers on board. Two said yes. One said no.

His name was Vasily Arkhipov, and his refusal prevented what could have been the start of World War III and the destruction of both the United States and the Soviet Union.

Sometimes, history isn’t shaped by politicians or generals, but by one person in the right place with the courage to say no.

The stakes in our world today might look different, but the principle is the same. In moments of uncertainty, the actions we take (or don’t take) matter. Whether in business, politics, or your personal finances, not every choice will feel world-changing. But over time, the decisions you make quietly build the world you live in.

Warm Regards,

The MoneyHatch Team

Bahamian Financial Updates

Economy News

1. PM outlines Washington visit: guns, healthcare, de-risking, and diplomacy

PM outlines Washington visit: guns, healthcare, de-risking, and diplomacy

Prime Minister Philip Davis has shared a full briefing on his recent high-level meetings in Washington, D.C., where he met with U.S. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent.

According to the Office of the Prime Minister, the discussions covered a wide range of critical issues, including illegal firearms trafficking, Bahamian nurse retention, digital assets, disaster response, and de-risking in the financial sector. Davis pushed for better regional cooperation on border security, raised concerns about U.S. labour recruitment draining healthcare workers, and emphasized the need for fairer global financial standards that don’t unfairly punish compliant nations like The Bahamas.