90 at 9: Power firms profit gouging; Fed downgrades economic forecasts

Bernard Hickey details the key news from overnight in 90 seconds at 9 am, including a scoop in the Dominion Post that the major power companies have overcharged New Zealanders by NZ$4 billion or NZ$1,000 each in the last 6 years, while the US Federal Reserve downgraded its economic forecasts overnight and said it may increase its money printing.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.