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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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Feature Story Consumers happier as interest rates tumble

CANBERRA, Dec 10 AAP - Big interest rate cuts, a huge cash injection from the government and tumbling petrol prices have bolstered the spirits of consumers.

And it is not just retailers that may benefit - demand for home loans has also increased, including from first-time buyers.

Feature Story Aussie escapes jet crash inferno

MELBOURNE, Dec 9 AAP - Australian Bill Dusting's life depended on a split second decision whether to turn left or right in San Diego on Monday.

He was running in blind panic from a pilot-less jet fighter aircraft that seemed to have him firmly in its in sights as it plunged to earth.

Feature Story Hotel brawl proof of need for new pub laws: Rees

SYDNEY, Dec 8 AAP - A brawl involving up to 600 people outside a western Sydney bar is proof tougher regulations are needed to curb alcohol-related violence, says NSW Premier Nathan Rees.

Police had to call in the riot squad, Pol Air helicopter and the dog squad to disperse the crowd outside Parramatta's Roxy Hotel about 11.45pm (AEDT) on Sunday.

Feature Story Govt inactive as author remains in Thai jail, family says

MELBOURNE, Dec 7 AAP - The family of an Australian author who is in a Thai jail accused of insulting the nation's royal family says the federal government has not done enough to secure his freedom.

Former Melbourne man Harry Nicolaides was arrested on August 31 at Bangkok Airport on his way back to Australia.

Feature Story 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.

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.

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.

House Harris News Editor Selected
Todays Main Feature Story
Man pointed gun at police in dramatic arrest

11 Dec 2008 10:29 AM

SYDNEY, Dec 11 AAP - A man pointed a gun at police before surrendering in a dramatic arrest in the carpark of a club which had just been held up, police say.

Police have charged four men after staff at a licensed club were confronted by two men wearing balaclavas and armed with a shotgun in Hexham in the NSW Hunter region about 11.30pm (AEDT) on Wednesday.

One man was arrested at gunpoint by officers from the State Protection Support Unit in the carpark as the pair made their getaway, police said.

"Police will allege one of the men pointed a firearm at police before he surrendered the weapon and was arrested," a police statement said.

Continued .....

Ongoing News As It Arrives From The Editor
House Harris News

ASIA: Two shot dead in Thailand's troubled south: police
NARATHIWAT, Thailand, Dec 11 AFP - Separatist militants shot dead two people including a Buddhist vendor in separate attacks in Thailand's restive Muslim-majority south on Thursday, police said.

Vic: Man shot dead by police
MELBOURNE, Dec 11 AAP - A man has been shot dead by police in a park in Melbourne's inner north.

SA: Search on for three police missing in SA outback
ADELAIDE, Dec 11 AAP - A search has been launched for three police officers believed to be trapped after heavy rains in outback South Australia.

NSW: Judge orders serial sex offender's release from jail
A New South Wales Supreme Court judge has ordered the release of serial sex offender JOHN ALAN WILDE.

Rio Tinto job cuts rock Australian families
BRISBANE, Dec 11 AAP - Hundreds of Australian mining families face an uncertain Christmas following minerals giant Rio Tinto's decision to slash 14,000 jobs worldwide.

Jobless rate rises in Nov, expected to go higher, economists say
SYDNEY, Dec 11 AAP - The jobless rate inched up to its highest level in 12 months in November and economists expect much greater levels of unemployment next year as the nation grapples with the prospect of recession.

Aust shares close down with all sectors weaker
SYDNEY, Dec 11 AAP - The Australian share market closed about one per cent weaker with losses in most sectors as traders looked to make short-term gains.

FED: Police officer, QC part of child abuse network
CANBERRA, Dec 11 AAP - A retired QC from Victoria, a police officer from NSW and a childcare worker are among those arrested as part of an investigation into a global internet child abuse ring.

Vic: Man charged over children in burning house
MELBOURNE, Dec 11 AAP - A father has been charged with the attempted murder of his two children after allegedly holding the toddlers inside their burning home in Melbourne.

Aust shares close down, all sectors weaker

NSW: Family to sue NSW govt over radioactive home
SYDNEY, Dec 11 AAP - The owner of a Sydney property riddled with radioactive waste says he has no choice but to sue the NSW government after it failed to honour a commitment to buy the home.

Fed: Key facts of special forces operations in Afghanistan
Key facts of Australian special forces operations in Afghanistan:

QLD: Cops lied over fatal chase: inquest
GOLD COAST, Dec 11 AAP - Police officers deliberately lied about the circumstances of a fatal motorcycle chase because they knew they had broken pursuit protocols, an inquest has heard.

NSW: Man pointed gun at police in dramatic arrest
SYDNEY, Dec 11 AAP - A man pointed a gun at police before surrendering in a dramatic arrest in the carpark of a club which had just been held up, police say.

Aust stocks open higher after moderate US gains=3D3

Vic: Police rescue two children from burning house
Police called to a domestic dispute in Melbourne have rescued two young children from a burning house.

NSW:Hage-Ali denies telling police she was a role model
SYDNEY, Dec 11 AAP - A former NSW Young Australian of the Year, who has admitted using cocaine, has denied telling arresting police she was supposed to be a role model.

NSW: No mercy for Neddy Smith from NSW government
SYDNEY, Dec 11 AAP - The NSW government will not be offering any mercy to gravely ill murderer Neddy Smith by granting him a release from jail.

Fed: NSW police officer and VIC QC caught in porn network
CANBERRA, Dec 11 AAP - A NSW police officer and a retired Victorian QC are among those arrested as part of a 12-month investigation into a child pornography ring.

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