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  • HectorsReport.com 10:34 pm on March 14, 2017 Permalink
    Tags: Department of education, Education, Government, minorities, New York, teachers   

    I can’t reed that guuud! New York set to eliminate literacy test for new teachers. Claim racism. 

    I always love reading stories on ridiculousness and what more ridiculous than the state of New York deciding to eliminate a standard test for those becoming teachers because…wait for it…racism.

    Apparently, due to low scores by both black and Latino candidates in the state’s reading and comprehension exams, the state believes that due to these prospective teachers growing up in a impoverished, legal racist, and underprivileged environment, it would seem unfair for them to go through such test in order to become teachers.

    Whites candidates have scored higher and many proponents argue that the exam discriminatly disqualifies minorities. 

    As a Latino myself, it is insulting to me that someone might suggest that because of my race I am (a) Stupid, (b) not bright enough to read and write because of social factors and (c) I have somehow been oppressed and therefore I should get a pass.

    I can honestly say a big fuck you to those proponents and the state of New York for allowing this. Everyone should take responsibility for their own learning and development. Many that have come from far worse social and economic situations have overcome such challenges and achieved success. 

    To dilute down the test to appease those candidates who want to play victim and make excuses is preposterous.

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  • HectorsReport.com 5:00 am on January 28, 2017 Permalink | Reply
    Tags: Bills, Government, , , Protests   

    Central U.S States creating bills penalizing disruptive protests. 

    Several States have joined in the creation of bills centered on  protecting the safety of its citizens from disruptive protests. Recent protests have seen demonstrators block traffic and disrupt other means of transportation. The bills are set also to punish drivers who use their vehicles and strike protesters obstructing their way.

    Penalties being considered for blocking traffic include fines up to $3000 including one year jail sentences.

    Many free speech activists condemn the idea and view it as a way of infringing on their 1st ammendment rights. Saying that the government is dangerously crossing the lines and targeting peaceful protests.

    Peaceful protests of course are welcomed in any American city and State as long as the required permits are obtained and disruptive behavior is absent. 

    For more on this story click here.

     
  • HectorsReport.com 2:49 am on January 21, 2017 Permalink | Reply
    Tags: Government, , , , ,   

    Is Offshore Banking Illegal? 

    While I was reading in regards to U.S Treasury Secretary nominee Steven Munching being grilled about his involvement in business offshore accounts. I wanted to educate myself on its legality.

    The media along with some government officials have portrayed it negatively over the years. What I found out was quite surprising.

    I learned that it is legal to have an account in another country. In fact for as little as a couple of hundred dollars, foreign banks will let you open one. What makes it illegal is the failure to disclose your money to the IRS. Basically hiding it from them. 

    If you have money outside the U.S you must report it to the IRS or face fines, including jail time. This doesn’t come too much surprise because, well, it’s the IRS. 

    Now most of the stories I’ve heard have been about offshore accounts being tax havens. But there are good reasons why people have these accounts.

    First and foremost having money offshore does not make it tax-exempt. Like I said earlier, the IRS wants you to report money earned and kept overseas. If you hide it, that’s when its illegal.The benefits are that many countries the money earned could be tax free. Not only that but offshore accounts allows you to invest internationally as well as earn more capital. There’s also currency exchanges and the investments you can make off that.

    The U.S also accepts money from foreign entities and people too. Not so for the tax benefits but because it offers stability that other countries don’t have. There’s the fears of economic collapse, civil war or political upheaval that drive many to create accounts here. 

    So in short, offshore accounts are not illegal. They could a good way to invest and make more money as well to keep your money safe

    Source:investopedia.com

     
  • HectorsReport.com 2:26 am on January 21, 2017 Permalink | Reply
    Tags: Government, , , , ,   

    Is Offshore Banking Illegal? 

    While I was reading in regards to U.S Treasury Secretary nominee Steven Munching being grilled about his involvement in business offshore accounts. I wanted to educate myself on its legality.

    The media along with some government officials have portrayed it negatively over the years. What I found out was quite surprising.

    I learned that it is legal to have an account in another country. In fact for as little as a couple of hundred dollars, foreign banks will let you open one. What makes it illegal is the failure to disclose your money to the IRS. Basically hiding it from them. 

    If you have money outside the U.S you must report it to the IRS or face fines, including jail time. This doesn’t come too much surprise because, well, it’s the IRS. 

    Now most of the stories I’ve heard have been about offshore accounts being tax havens. But there are good reasons why people have these accounts.

    First and foremost having money offshore does not make it tax-exempt. Like I said earlier, the IRS wants you to report money earned and kept overseas. If you hide it, that’s when its illegal.The benefits are that many countries the money earned could be tax free. Not only that but offshore accounts allows you to invest internationally as well as earn more capital. There’s also currency exchanges and the investments you can make off that.

    The U.S also accepts money from foreign entities and people too. Not so for the tax benefits but because it offers stability that other countries don’t have. There’s the fears of economic collapse, civil war or political upheaval that drive many to create accounts here. 

    So in short, offshore accounts are not illegal. They could a good way to invest and make more money as well to keep your money safe. 

     
  • HectorsReport.com 5:16 pm on January 19, 2017 Permalink | Reply
    Tags: Government, Government Accountability Office, , , ,   

    Government Watchdog GAO To Be Reinforced 

    Bill H.R 72 the Access & Oversight Act passed the senate with 99 yeas and zero Nays. It helps the Government Accountability Office (GOA) obtain any records from federal agencies in order to execute its duties to oversee how the government spends taxpayer money. Using audit, civil action, and evaluations to force an agency to obtain such documents.

    The GAO is a non-partisan, independent agency and according to its site was voted best place to work among the Federal Government.

    For more on the GOA you can visit its website atĀ goa.gov.

    For information on H.R 72 billĀ click here.

     

     
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