The median weekly income edged lower in the year to June, as more people started receiving money from the Government rose while the self-employed earned less and investment income fell.

Economists have wound back their expectations for NZ's recovery.

Westin Hotel workers, organised by the Unite Union, have issued a press release saying they have "vowed to fight for every job".

John Armstrong writes that the working group's prescription for change may be blinkered by ideology such as time limits.

Stocks in the US dropped for a third straight day as a worse-than-expected report on US jobless claims.

Dita De Boni wonders whether a food stamp scheme for those on low incomes could work in New Zealand.

The NZ dollar is recovering this morning after a sharp fall yesterday.