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Iran shipping line masks 'arms vessels'
DETROIT, Feb. 15 (UPI) -- Thousands of qualified laid off and retired workers in Michigan have signed up for an IRS program to defray health insurance costs, a money manager estimated.
The Health Coverage Tax Credit pays 80 percent of health premiums for those who lost their jobs to foreign competition or whose pension plans were terminated, The Detroit News reported Monday.
"Thousands of Delphi salaried employees" have signed up for the benefit, said David Kudla, chief executive officer of Mainstay Capital Management in Grand Blanc, Mich.
For some, the tax credit means the IRS will pay $15,000 of their healthcare premiums this year, the News said.
Unless it is reauthorized, the program will return to paying 65 percent of healthcare premiums after this year. It was expanded to 80 percent as part of the American Recovery and Reinvestment Act.
For this year, "it has literally made the difference for people who were bankrupt or foreclosed upon, where they have a chance to survive economically," said Den Black, spokesman for a Delphi Automotive LLP salaried workers retirement group.
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TEL AVIV, Israel, Feb. 8 (UPI) --
Israel is reported to be seeking to deploy fighter aircraft in Cyprus, its partner in developing a natural gas bonanza under the eastern Mediterranean, to protect these vital energy resources.
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WASHINGTON, Feb. 8 (UPI) --
Thousands of tiny unmanned aircraft or drones flying into civilian airspace over the United States can pose a security threat as they may be difficult to monitor in the long run and some craft may fall into enemy hands, security analysts say.
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Despite predictions that home prices are close to bottom, the leading provider of home equity protection sees its customer base exploding in 2012 because of changing consumer attitudes towards homeownership....
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With union workers protesting in the street, leaders in Greece met to hash out details of spending cuts that long ago crossed into draconian territory.
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