At last: Bonuses for ordinary Joes, not Wall Street wheeler-dealers. Union workers at GM, Ford, Chrysler and Boeing are seeing bonus checks of up to $7,000 each.
That money, in turn, is helping boost economies in Detroit, Seattle, Charleston and other cities. The payouts come on the heels of improved or record corporate profits.
GM, which went bankrupt in 2009, Thursday reported 2011 net income of $9.19 billion, an all-time high for the company. Starting in March, part of that profit will go...Full Story