Dene Mackenzie

Nowhere left to hide as bourses battered

Fears the United States is facing another recession following a series of ugly data results and toxic in-fighting about debt levels sent world sharemarkets plummeting yesterday.

Thrillers

Thrillers

Lars Kepler burst on to the Swedish bestsellers list following a path blazed by Stieg Larsson. During 2009, rumours were rife in the Swedish media that new writer "Lars Kepler" had been offered a substantial advance for his first book, The Hypnotist (HarperCollins) but no-one knew who he was. He refused to give interviews.

Employment figures suggest improvement

Employment figures suggest improvement

The labour market continues to steadily improve, judging from figures released yesterday. But an industry group is warning that cheap imports are costing local jobs.

Renting for cup has tax surprises

Renting for cup has tax surprises

Dunedin residents planning to rent their houses out to Rugby World Cup fans could be surprised to learn that Inland Revenue will be wanting its share, Polson Higgs tax partner Michael Turner says.

Greens launch assault on poverty

Greens launch assault on poverty

Green Party co-leader Metiria Turei yesterday took her campaign to alleviate child poverty in New Zealand into the lion's den of Social Development Minister Paula Bennett's electorate of Waitakere.

Reducing Govt debt seen as crucial

Reducing Govt debt seen as crucial

Getting government spending under control and having a lower official cash rate were key to getting the value of the New Zealand dollar back to a sustainable level, Act New Zealand leader Don Brash said yesterday.

Opinion: Duplication cost for council companies

Duplication of services and functions has been the major problem of the Dunedin City Council-owned companies for years, writes ODT Business Editor Dene Mackenzie.

Wage and salary data bad news

Wage and salary data bad news

Wage and salary rates data released yesterday contained little good news for New Zealanders finding it tough to cope with rising bills.

Labour market on mend, but care needed over data: economist

Care will be needed in interpreting labour-market data from the three months ended June which starts being released this morning.

No guarantees on last-minute deal

No guarantees on last-minute deal

Global financial disaster appears to have been averted with a last-minute deal announced yesterday by United States President Barack Obama to raise the US borrowing level.