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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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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

NSW: Big fines and dumped alcohol for NYE drunks: police
SYDNEY, Dec 13 AAP - Police admit new laws including fines of up to $2,200 to curb alcohol-fuelled violence on New Year's Eve, might antagonise drunken louts.

US: US makes arrests in global child porn network on Aust advice
WASHINGTON, Dec 12 AP - US government authorities acting on a lead from Australian police have arrested 60 people in the United States on charges they were part of a global network of child pornographers.

NSW: Illegal drug factory uncovered in Sydney house
SYDNEY, Dec 13 AAP - Police have uncovered an illegal drug-making operation at a suburban Sydney house.

NSW: New police car hit by alleged drink driver in Sydney
SYDNEY, Dec 13 AAP - Two police officers narrowly escaped injury when a drunken driver slammed into the back of their new patrol car in Sydney.

NSW: Anti-intervention protesters march through Redfern
SYDNEY, Dec 13 AAP - Protesters in Sydney have called for a halt to the federal government's intervention program in Northern Territory Aboriginal communities.

NSW: Man in coma after being pushed on footpath.
SYDNEY, Dec 13 AAP - A man is in an induced coma in hospital after being pushed over in Woolloomooloo in central Sydney.

NSW: Driver killed and badly burned in crash on NSW south coast
SYDNEY, Dec 13 AAP - The identity of a driver of a car that crashed and caught on fire on the state's south coast overnight may be unknown for some time.

Fed: Camel, roo on the greenhouse menu
We have all been told about how we'll bike or ride in electric vehicles about town as climate change forces us to change the way we do things.

ASIA: NATO Forces kill four civilians in Afghanistan
KABUL, Afghanistan, Dec 12 AP - NATO troops fired on a civilian bus on Friday in central Afghanistan that refused warnings to stop, killing four passengers, a spokesman for NATO's International Security Assistance Force (ISAF) said.

US: Wall Street skids on auto bailout collapse
US stocks skidded in opening trade on Friday after the collapse of an automobile bailout plan raised the prospects of bankruptcy for General Motors and Chrysler.

Qld: Agent Orange contaminant found in soil near Brisbane River
BRISBANE, Dec 12 AAP - Dioxin, a toxic chemical used in the defoliant Agent Orange, has been found in soil near the Brisbane River.

ASIA: Mumbai united for peaceful protest after attacks
MUMBAI, Dec 12 AFP - Tens of thousands of people joined hands in a show of solidarity on the streets of Mumbai on Friday to symbolise their unity and resilience following the devastating attacks that left 172 dead, including nine gunmen.

Vic: Family hits out at police who shot dead teenage boy
MELBOURNE, Dec 12 AAP - The family of a boy shot dead by police have vowed to fight for their "scared little boy," saying the officers involved had "pursued ... surrounded and hunted" down the teenager.

Aust dollar backfires on stalled car rescue
SYDNEY, Dec 12 AAP - The Australian dollar closed weaker as a stalled US Senate car sector rescue plan caused risk appetite to backfire in late trade.

Tokyo stocks slide seven per cent on US auto deadlock
Tokyo's Nikkei stock index has slumped more than seven per cent after the US Senate failed to pass a rescue plan for ailing automakers .. sending the dollar down to a 13-year low against the yen.

Vic: Police shooting victim was "easygoing" boy, school says
MELBOURNE, Dec 12 AAP - A teenager who was shot and killed after allegedly threatening police was a "lovely young man" showing great promise in his hospitality studies, a manager at his school said on Friday.

NSW: Heroin hidden in lollies: AFP
SYDNEY, Dec 12 AAP - A Sydney man has been charged after a kilogram of heroin was found hidden inside packets of lollies posted to Australia from Vietnam.

Vic: Family of boy attacks police =3D 2
Family and friends say witnesses have told them the police chased Tyler down and cornered and surrounded him in the skate park.

Vic: Police name youth shot dead by officers
MELBOURNE, Dec 12 AAP - The 15-year-old male youth shot dead by police in Melbourne's north has been named as Tyler Cassidy.

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