Blogs > Frye on the News

Keeping his eye on the news and offering commentaries and insights on what is happening in Oakland County, around the world, on the tube and in the news.

Tuesday, January 29, 2013

Stories we like to hear

Lots of news about housing levels, building and buying and home prices, reaching pre-recession levels.

Those are all good to hear, of course, but here's another one we in Michigan need to hear more: Profit-sharing for autoworkers. That's a big boost to local economies, businesses that rely on people spending extra money.

Ford reported earnings that will allow it to spend $380 million on its employees, not too much considering the billions earned. However, it is a boost to local communities.

Nearly 46,000 employees are to receive $8,300 in profit-sharing bonuses. That's some great news and a good start to a sustained recovery. Too bad, though, we're still talking about recovery.

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