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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.
House Harris
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 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.

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.

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
US preparing for troop buildup in Afghanistan

By Lolita C Baldor 06 Dec 2008 4:34 AM

WASHINGTON, Dec 5 AP - The US military is beginning a massive building effort in Afghanistan to house the roughly 20,000 additional troops, including an undetermined increase in marines, that are expected to begin pouring in early next year, a top military officer said on Friday.

Major General Michael Tucker, deputy commander for operations for US forces in Afghanistan, told reporters military leaders are anticipating a "very active winter" of insurgency attacks.

And while he provided few details, he said there was a "very huge building campaign that has already begun. We're pushing dirt as we speak to prepare for the arrival of these forces."

Continued .....

Ongoing News As It Arrives From The Editor
House Harris News

Vic: Motorcyclist dies in collision
MELBOURNE, Dec 6 AAP - A motorcyclist has died after a multi-vehicle collision in western Victoria.

NSW: NSW govt rejects breath-test proposal for MPs
SYDNEY, Dec 4 AAP - The NSW government has dismissed calls to breath test MPs before they vote on legislation, saying the state's politicians are generally well behaved.

NSW: Kite surfer semi-conscious after windy fall
SYDNEY, Dec 6 AAP - A 30-year-old kite surfer has been left semi-conscious with head and facial injuries after a southerly buster carried him inland from a Central Coast beach.

NSW: Elderly occupants of car crash not wearing seat belts.
SYDNEY, Dec 6 AAP - The elderly occupants of a car that crashed in NSW's central west, leaving all four with serious injuries, were not wearing seat belts.

ASIA: Girl, 8, among 17 dead in Manila shoot-out: police
MANILA, Dec 6 AFP - Up to 17 people including four bystanders were killed in a police shoot-out with armed men toting assault rifles and a grenade launcher in a Manila suburb, police and news reports said.

NSW: P-plate driver returned blood alcohol reading of 0.265
SYDNEY, Dec 6 AAP - A P-plate driver has returned a blood alcohol reading of 0.265 after allegedly flagging down a police car in northern NSW.

Vic: Drink drivers nabbed during road blitz
MELBOURNE, Dec 6 AAP - Victoria Police nabbed 33 drink drivers during a traffic blitz in Melbourne's popular restaurant and pub districts.

NSW: Off-duty police officer charged with drink driving
SYDNEY, Dec 6 AAP - An off-duty police officer has been arrested and charged with high-range drink driving in the carpark of a fast food restaurant on Sydney's northern beaches.

US: OJ Simpson gets 15 years in jail
Disgraced former American football star OJ SIMPSON has been sentenced to at least 15 years in prison for armed robbery and kidnapping during a 2007 raid on a Las Vegas hotel room.

US: Emotional OJ Simpson apologises for armed robbery
LAS VEGAS, Dec 5 AFP - With tears in his eyes, fallen football legend OJ Simpson Friday apologised for an armed robbery on a hotel room as he faced a stiff jail term of a minimum of six years.

US: US preparing for troop buildup in Afghanistan
WASHINGTON, Dec 5 AP - The US military is beginning a massive building effort in Afghanistan to house the roughly 20,000 additional troops, including an undetermined increase in marines, that are expected to begin pouring in early next year, a top military officer said on Friday.

UK: Boy George guilty of falsely imprisoning male escort
LONDON, Dec 5 AFP - British pop star Boy George was found guilty by a court in London on Friday of falsely imprisoning a Norwegian male escort after a nude photoshoot.

Vic: Women travel to Thailand to choose sex of baby
MELBOURNE, Dec 6 AAP - Victorian women are travelling to Thailand to circumvent IVF sex-choice laws and pick the sex of their babies.

NSW: Three charged over bashed body in river - police
SYDNEY, Dec 5 AAP - Three members of one family have been charged over the death of a man found in a southern NSW river nine months ago.

ASIA: Indian 'proof' of Pakistan intel role in Mumbai: reports
NEW DELHI, Dec 5 AFP - India claims it has proof that Pakistan's powerful military intelligence agency was involved in last week's attacks in Mumbai, Indian newspapers reported on Friday.

NSW: Alleged jail drug syndicate leader charged
SYDNEY, Dec 5 AAP - Convicted murderer Bassam Hamzy, the alleged mastermind of a drug-trafficking syndicate coordinated from his NSW jail cell, has been charged with drug offences.

Vic: Police appeal for info on dumped body
MELBOURNE, Dec 5 AAP - Victorian detectives have released images of a man wanted for questioning over the death of a bashing victim found dumped beside a road in Melbourne's outer west four weeks ago.

Qld: Bali drug mules jailed for five years
BRISBANE, Dec 5 AAP - Three people linked to the Bali Nine heroin smuggling syndicate have been jailed for five years.

NSW: Man charged over fatal boat crash.
SYDNEY, Dec 5 AAP - A Sydney man has been charged over a boat crash that killed a 34-year-old woman and left him with serious injuries.

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