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Feature Story
Merchant of gloom makes a bet
An academic who expects zero interest rates within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong.
University of Western Sydney associate professor of economics and finance STEVE KEEN made the bet with Macquarie Group interest rate strategist RORY ROBERTSON.
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A Very Normal News Publication
Heralding the arrival of a new publication from The Weird House, the first edition of House Harris, a news publication that should provide a window into current affairs in Australia with articles from the Australian Associated Press who should be credited and duly paid their royalties.
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This is the thing, I actually don't have any dosh and I'm trying to figure out a way to make House Harris work. At the moment the only thing I can do to make revenue is the Google Adsense Ads seen on the newsarticle pages. If you could see your way clear to visit the advertisers from time to time it would help support House Harris.
Feature Story RBA rate cut likely to last big move in this cycle-economist

SYDNEY, Dec 2 AAP - The Reserve Bank of Australia (RBA) has slashed official interest rates to the lowest level in in six and a half years, and more cuts are on the way.

The cash rate was lowered to 4.25 per cent, from 5.25 per cent, for the first time since May 7, 2002.

Feature Story Aussies are staying at home more in hard economic times

SYDNEY, Dec 1 AAP - Aussies are having a quiet one at home as they prepare to scale back on eating and entertaining out of home, a study has found.

During these challenging economic times, there is a trend for consumers to cut back on large purchases while continuing to spend on little luxuries.

Feature Story Mumbai attack shows new sophisticated face of terror

NEW DELHI, Nov 28 AFP - The brazen attacks in Mumbai signal a sea change in the Islamic militant violence that has beset India, showing sophisticated planning and an "anti-Western agenda", analysts say.

Militants stormed a series of high-profile targets late Wednesday in India's financial capital, including the iconic Taj Mahal Palace hotel, a landmark restaurant, the main train station and a charitable hospital for women and children.

Feature Story Westerners targeted in Mumbai terror attacks: survivors

MUMBAI, India, Nov 26 AP/AAP - More than 80 people are dead after terrorists used grenades and automatic weapons to attack crowds at hotels, a restaurant and train station.

Teams of heavily-armed men launched coordinated attacks overnight that survivors said were aimed at killing Westerners.

Feature Story Thai protests turn violent, 10 hurt

BANGKOK, Nov 25 AFP - Thai anti-government protesters opened fire on rival activists and beat them with sticks on Tuesday, wounding at least 10 people as a second day of demonstrations in Bangkok descended into violence.

The clash erupted on a road to the disused air terminal where thousands of demonstrators behind a six-month street campaign to topple the administration have besieged the makeshift headquarters of premier Somchai Wongsawat.

Feature Story Work Choices close to being gone forever, Gillard

CANBERRA, Nov 25 AAP - Acting Prime Minister Julia Gillard has sounded the death knell for Work Choices, saying it was "tantalisingly" close to being gone forever.

Legislation dismantling the previous Howard government's controversial workplace relations regime was introduced to parliament on Tuesday, honouring a Labor election promise.

Feature Story Official rate could reach 1960 levels by Easter

SYDNEY, Nov 24 AAP - Official interest rates could fall to the lowest level since early 1960 by Easter next year, helped by a massive pre-Christmas rate cut by the central bank.

Debt futures markets currently expect the overnight cash interest rate, which is targeted by the Reserve Bank of Australia (RBA) in its monetary policy decisions, to fall to 2.75 per cent by April 2009, from 5.25 per cent at present.

House Harris News Editor Selected
Todays Main Feature Story
World must learn to live with terror: conference told

04 Dec 2008 2:10 PM

ADELAIDE, Dec 4 AAP - The world must learn to live with terrorist attacks like those in Mumbai, a conference has been told in Adelaide.

University of Adelaide associate professor Michael Roberts told the Globalising Religions and Cultures conference on Thursday that the group involved in the attacks were not mindless fanatics and showed reasoning behind the targets they chose.

More than 180 people were killed and 300 others injured during 60 hours of violence last week that included attacks on two luxury hotels and a number of other sites.

Prof Roberts said the attacks were motivated by a desire to undermine the increasingly harmonious relationship between India and Pakistan.

Continued .....

Ongoing News As It Arrives From The Editor
House Harris News

NSW: Ringleader of drug syndicate operated from jail
SYDNEY, Dec 4 AAP - A convicted murderer allegedly made about 460 calls a day on a smuggled mobile phone as he coordinated a250,000-a-week drug trafficking syndicate from his maximum security jail cell.

ASIA: Indian airports on alert, warnings of airborne attacks
NEW DELHI, Dec 4 AFP - India has put all of its major airports on high alert following warnings of possible attacks using hijacked airlines, officials said.

ASIA: Indian airports on alert, warnings of airborne attacks
NEW DELHI, Dec 4 AFP - India has put all of its major airports on high alert following warnings of possible attacks using hijacked airlines, officials said.

Building approvals slump to 7-year low, with more rate to follow
SYDNEY, Dec 4 AAP - Monthly building approvals have dropped to a seven-year low and further interest rate cuts needed to boost demand in a sluggish economy, economists say.

FED: Universities aren't run by lefties, inquiry finds
CANBERRA, Dec 4 AAP - Australian universities are not controlled by left-wing academics hell bent on brainwashing students, a Senate inquiry has found.

FED: Male science students are university's most likely virgins
SYDNEY, Dec 4 AAP - Male science students are a university's most likely virgins while females who study arts subjects are the most sexually active, Australian researchers say.

ASIA:Bangkok airport to resume normal operation Friday: official
BANGKOK, Dec 4 AFP - Bangkok's international airport will resume normal operations from Friday after anti-government protesters lifted a blockade, a spokeswoman said as more flights left the terminal.

NSW: No-fishing proposals anger recreational anglers
SYDNEY, Dec 4 AAP - Recreational anglers have attacked plans for large no-fishing zones along NSW's coast, with one group saying it will target the state government at the next election if it backs the proposal.

SA: World must learn to live with terror: conference told
ADELAIDE, Dec 4 AAP - The world must learn to live with terrorist attacks like those in Mumbai, a conference has been told in Adelaide.

NSW: One in ten Aussies say work makes them ill
10 per cent of us believe our jobs make us sick .. and around 50 per cent think bosses need to take responsibility for health and fitness in the workplace.

NSW: Blitz nabs 960 drivers using mobiles in 24 hours
SYDNEY, Dec 4 AAP - Police say they are disturbed more than 960 motorists have been nabbed using handheld mobile phones in a one-day traffic crackdown across NSW.

FED: Alchohol intake guidelines "irrelevant" to young: survey
SYDNEY, Dec 4 AAP - The emerging culture of binge drinking by young Australians won't be fixed by pointing them to official alcohol consumption guidelines, new research shows.

QLD: Headlines predicted current crisis
A study of newspaper headlines has found they are a strong predictor of future crises.

US: Towering fraud: newspaper steals Empire State Building
NEW YORK, Dec 3 AFP - City crime is one thing, but a New York tabloid upped the ante on Wednesday -- stealing the entire Empire State Building.

CIS: Russian warship to cross Panama Canal
MOSCOW, Dec 3 AP - The Russian navy said Wednesday one of its warships would sail this week through Panama Canal - a symbolic projection of Moscow's power to the U.S. zone of influence.

Vic: Toddler critical, mother charged after head-on smash
MELBOURNE, Dec 3 AAP - A toddler is in a critical condition and his mother has been charged with drink driving after a head-on collision in Melbourne's outer-east.

NSW: Motorcyclist dies in peak hour collision
SYDNEY, Dec 3 AAP - A motorcyclist has been killed in a peak-hour collision in Sydney's north that caused major traffic disruptions.

MID: Cruise ship passengers surprised by pirate attack
MUSCAT, Dec 3 Agencies/AAP - Passengers aboard a luxury cruise liner have given graphic accounts of a brazen attack by speed boat pirates in the Gulf of Aden.

ASIA: Police find explosives at Mumbai train station
MUMBAI, Dec 3 AP - Police say that they have found explosives hidden in a bag in Mumbai's main train station which they said was left over from last week's attacks.

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