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Standing Wager
Merchant of gloom makes a bet

29 Nov 2008 2:30 AM

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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High Scores Longest Chase
Police chase stolen car 250km from Wagga to Canberra

20 Jan 2009 12:21 PM

CANBERRA, Jan 20 AAP - Police have arrested a 26-year-old man in Canberra following a 250km high-speed car chase that started in south-western NSW.

NSW police started pursuing the stolen car in Wagga Wagga on Tuesday morning and ACT Policing took up the chase when the driver crossed the border into the territory.

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High Scores
Police dissappointed by young drivers

14 Dec 2008 4:28 PM

Police have arrested a man for driving at 237 kilometres-an-hour on Sydney's Hume Highway.

And .. they say they are extremely disappointed with instances of irresponsible driving by young and inexperienced motorists overnight.

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High Scores Possible New Blow
Man blows six times legal limit

31 Dec 2008 2:16 PM

BRISBANE, Dec 31 AAP - Queensland police have caught a man with an alleged blood alcohol reading more than six times the legal limit.

A 28-year-old man from Peak Crossing was stopped overnight for a random breath test in the nearby town of Boonah, south-west of Brisbane, and allegedly blew .303 per cent.

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High Scores
P-plate driver returned blood alcohol reading of 0.265

06 Dec 2008 8:18 AM

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.

Police said a 26-year-old woman had her licence confiscated after she returned a high-range PCA reading near Tamworth about 8pm (AEDT) on Friday.

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Porsche vs Bikes
Porsche and motorcycles in 224km/h road race

20 Dec 2008 4:24 PM

SYDNEY, Dec 20 AAP - The drivers of a Porsche and two motorcycles have had their vehicles confiscated after reaching speeds of more than 220km/h in an alleged road race.

Police say the three men were racing along a 100km/h zone of the Pacific Highway on the far north NSW coast on Saturday about 10.40am (AEST).

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Turbo Rice vs RX7
Two drivers to stand trial over passenger death

15 Dec 2008 5:38 PM

MELBOURNE, Dec 15 AAP - Two young men accused of drag racing before a crash that killed a 15-year-old boy will stand trial.

Mitchell Cairnduff, of Wheelers Hill, died when a turbo-charged Mitsubishi Lancer driven by Jarrod Rooke hit a taxi at 120km/h, the Melbourne Magistrates Court heard.

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High Scores Oldest Hoon
I'm a skilled driver, says 78yo hoon

By Michelle Draper 06 Jan 2009 5:31 PM

MELBOURNE, Jan 6 AAP - A 78-year-old hoon caught speeding at 170km/h on a narrow country road on New Year's Day told police he was a skilled race driver.

Victorian Premier John Brumby, however, was not impressed with John Belfield's claims, labelling Australia's oldest hoon driver an "idiot", while police said he was toying with death.i

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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 Southeast under strain as heatwave takes its toll

MELBOURNE, Jan 30 AAP - As far as heatwaves go, the sweltering conditions in south-eastern Australia this week are remarkable.

Tens of thousands of people were left without power, train tracks buckled and the Australian Open tennis tournament came under attack for putting players at risk.
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Feature Story Another big rate cut on the way as inflation pressures ease

CANBERRA, Jan 28 AAP - Rapidly moderating inflation pressures have opened the gate for another substantial interest rate cut when the Reserve Bank of Australia holds its first board meeting of the year next Tuesday.

Financial markets are pricing in the risk of a further 100 basis point cut in the central bank's official cash rate as consumer prices posted their biggest quarterly drop in more than a decade.
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Feature Story Fires contained but extreme weather looms

MELBOURNE, Jan 23 AAP - A cool change has helped firefighters contain fires that had been burning out of control in central and eastern Victoria.

But the entire state faces the most severe fire threat of the summer over the next few days due to a combination of scorching temperatures and high winds.
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Feature Story Get ready for sharpest economic deceleration ever seen

CANBERRA, Jan 19 AAP - A leading economic forecaster has warned its clients to batten down the hatches for the sharpest deceleration Australia's economy has ever experienced.

But Australia is in a better position than almost any other rich nation heading into recession, Access Economics says.
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Feature Story Aussie author jailed for three years for Thai royal insult

MELBOURNE, Jan 19 AAP/AP/AFP - An Australian writer who says he's endured "unspeakable suffering" in a Thai prison has been jailed for three years after pleading guilty to criminal charges of insulting the country's royal family.

But the family of Harry Nicolaides and his Australian lawyer hope a direct appeal for a pardon from the royal family may get the Melbourne-born author home.
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Feature Story Israeli halts Gaza offensive

GAZA CITY, Jan 18 AFP - Israel held its fire in Gaza on Sunday after declaring a unilateral ceasefire in its 22-day onslaught which has killed more than 1,200 Palestinians and levelled vast swathes of the Hamas-run enclave.

Prime Minister Ehud Olmert had said after a meeting of his security cabinet he was calling an immediate end to offensive operations but added that troops would stay in Gaza for the time being with orders to return fire if attacked.
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Feature Story Howard beams as Bush anoints "man of steel"

CANBERRA, Jan 14 AAP - Former prime minister John Howard beamed as outgoing US president George Bush hung the US Medal of Freedom around his neck at a White House ceremony on Wednesday (AEDT).

Mr Bush invoked his famous moniker for Mr Howard - "the Man of Steel" - as he described their friendship and his admiration for the Australian leader's courage in supporting the war on terrorism.
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Feature Story Govt says all options on the table for further stimulus

CANBERRA, Jan 13 AAP - The impact of the slowing world economy will be felt in Australia's jobs market, with the latest figures due out on Thursday, Treasurer Wayne Swan says.

Mr Swan refused to rule in or out the need for a further economic stimulus package or to bring forward $4.5 billion in tax cuts due in July 2010.
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Feature Story Aust labour market outshines US but maybe not for long

SYDNEY, Jan 12 AAP - If Australians want to gloat over how much healthier their labour market is compared with that of the US, they should get their gloating in before it's too late.

The contrast between the labour markets of the US and Australia is stark but may become less so in coming months.
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Feature Story UN suspends aid deliveries to Gaza, citing attacks

GAZA CITY, Jan 8 Agencies - The United Nations halted aid deliveries to the besieged Gaza Strip on Thursday, citing Israeli attacks on its staff and installations hours after it said gunfire from an Israeli tank killed one of its drivers as he was picking up a shipment.

The United Nations has already demanded an investigation into Israel's shelling of a UN school in Gaza that killed 43 people earlier this week. Israel and residents said militants were operating in the area at the time.
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Feature Story Wanking drug runner sentenced to prison

DARWIN, Jan 7 AAP - A drug-runner who filmed himself masturbating while driving at 150 km/h has been sentenced to two months jail.

Brendon Alan Erhardt, 39, was pulled over by police on July 16 last year, 25km south of Daly Waters.
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Feature Story Fierce Israel-Hamas firefights in Gaza capital

GAZA CITY, Jan 6 AFP - Israeli troops and Hamas militants fought their first major battles in Gaza City on Monday after tanks and helicopters launched a night-time offensive, with three Israelis killed by "friendly" fire.

Explosions and heavy machine-gun fire rocked the Shejaiya district of the city in the heaviest fighting yet of Israel's campaign to halt militant rocket attacks.
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Feature Story Israeli army moves on Gaza City as war toll passes 510

GAZA CITY, Jan 5 AFP - Tens of thousands of Israeli troops have been battling Hamas fighters in Gaza amid tank, artillery and air strikes, as the death toll from the offensive to end rocket attacks passed 510.

Israeli forces moved into the fringes of Gaza City early on Monday as families fled or hid on the second night of combat.
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All House Harris News Articles are individually selected by The Editor
Todays Main Feature Story
More grim economic news as political battle heats up

By Kate Hannon, National Political Editor 02 Feb 2009 7:36 PM

CANBERRA, Feb 2 AAP - The suspicion that Australia's economic outlook is far worse than publicly acknowledged became a reality with a sickening thud on Monday.

Back in November, the Mid-Year-Economic and Fiscal Outlook revealed a $40 billion hole in government revenue over the next four years but the surplus was still intact as a straitened $5.4 billion.

On Monday, the black hole trebled to $115 billion with Prime Minister Kevin Rudd delivering the grim news and flagging the certainty of a "temporary" deficit tipped to be around $14 billion.

Just how big the deficit will become depends in part on the second economic stimulus package expected to be announced mid-week.

After consultation with business, unions, community groups and state government leaders, the package could include some big-ticket infrastructure projects, money for skills training and apprentice retention, and possibly tax cuts for low-income earners.

Continued .....

Regularly Updated News As It Arrives From The Editor
House Harris News

MID: Israeli Gaza raid kills one as Hamas eyes truce
GAZA CITY, Feb 2 AFP - Israel has carried out a deadly air raid in Gaza after warning of a harsh response to renewed fire from the enclave, where the Hamas rulers spoke out in favour of a conditional one-year truce.
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Fed: More grim economic news as political battle heats up
CANBERRA, Feb 2 AAP - The suspicion that Australia's economic outlook is far worse than publicly acknowledged became a reality with a sickening thud on Monday.
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Qld:Rivers in north Qld expected to peak on Tuesday
Rivers in north Queensland are expected to peak tomorrow as rain from ex-tropical Ellie begins to ease.
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NSW: Teenager with no record jailed for graffiti
SYDNEY, Feb 2 AAP - An 18-year-old woman with no criminal record has been jailed for three months for writing one word of graffiti on the wall of an inner-Sydney cafe.
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House prices have biggest annual fall in 23 years
SYDNEY, Feb 2 AAP - Australian house prices in 2008 posted their biggest annual fall in 23 years and there maybe more falls to come, economists say.
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NSW: ATM explosion damages bank
SYDNEY, Feb 2 AAP - The latest attack on an automatic teller machine (ATM) caused extensive damage to a bank on the NSW south coast, but investigators are yet to determine whether any money was stolen.
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Qld: More flooding expected as heavy rains drench Nth Qld
BRISBANE, Feb 2 AAP - Authorities are warning of more heavy downpours and flooding in north Queensland and are poised to evacuate residents from some communities in the Gulf of Carpentaria.
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NSW: Police searching for four suspects after fatal stabbings
SYDNEY, Feb 2 AAP - Police are searching for four suspects after two men were stabbed to death at Bankstown in Sydney's southwest.
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Qld: More flooding expected as heavy rains drench Nth Qld
BRISBANE, Feb 2 AAP - Authorities are warning of more heavy downpours and flooding in north Queensland and are poised to evacuate residents from some communities in the Gulf of Carpentaria.
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MID: Israel bombs Gaza after new rocket fire
GAZA CITY, Feb 1 AFP - Israeli aircraft bombed Gaza on Sunday hours after its leaders vowed to deal a blow to Hamas in response to new rocket fire two weeks following the end of a bloody war in the Palestinian enclave.
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Aust house price index fell 0.8 pct in Dec quarter
SYDNEY, Feb 2 AAP - The Australian house price index fell 0.8 per cent in the December quarter, the Australian Bureau of Statistics said on Monday.
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NSW: Drinkers callously stabbed to death as they left bar
SYDNEY, Feb 2 AAP - Two men had been drinking for several hours at a suburban Sydney bar before they were callously attacked and stabbed to death, police say.
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Fed: Shoppers exceed retailer's expectations in post-Xmas sales.
SYDNEY, Feb 2 AAP - Shoppers exceeded retailers' expectations during post Christmas sales, spending $6.5 billion across Australian stores from Boxing Day through to late January.
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MID: Israel vows to strike Hamas after Gaza rocket fire
JERUSALEM, Feb 1 AFP - Israel has vowed to strike back at Hamas following renewed rocket fire from the Islamists' Gaza stronghold two weeks after the end of a bloody war in the battered Palestinian territory.
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NSW: Two men die of stab wounds after fight outside bar
SYDNEY, Feb 2 AAP - Two men have died from stab wounds after a fight involving up to eight people outside a bar in Sydney's south-west.
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MID: Israel vows to strike Hamas after Gaza rocket fire
JERUSALEM, Feb 1 AFP - Israel has vowed to strike back at Hamas in the wake of renewed rocket fire from the Islamists' Gaza stronghold two weeks after the end of a bloody war in the battered Palestinian territory.
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NSW: Bushfires burn as scorching heat arrives to NSW
SYDNEY, Feb 1 AAP - A total fire ban has been issued for most of southern NSW as scorching temperatures move north in the coming days.
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MID: Gaza militants launch rockets into Israel
JERUSALEM, Feb 1 AP - Israeli police say Gaza militants have launched two rockets into southern Israel.
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PAC: Sexual 'servicer' conned man out of $94,000
WELLINGTON, Feb 1 NZPA - A New Zealand woman has admitted conning a 72-year-old man out of more than $NZ94,000 ($A74,188) after being invited to his home to provide sexual services.
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FED: NSW firefighters offer assistance to Victoria
SYDNEY, Feb 1 AAP - NSW firefighters are on standby to help their Victorian counterparts battling blazes in Victoria.
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Fed: Greens call for police flying squads to combat arsonists
BRISBANE, Feb 1 AAP - As the cost of raging bushfires in Victoria continues to be counted, the Australian Greens have demanded the creation of special rapid response police teams to catch arsonists.
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Vic: Activist vessel Steve Irwin in full pursuit of whalers
MELBOURNE, Feb 1 AAP - Activists aboard Sea Shepherd conservation vessel Steve Irwin are in full speed pursuit of a Japanese whaling fleet south-east of Hobart.
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MID: Bush shoe-thrower sculpture given the boot in Iraq
TIKRIT, Iraq, Jan 31 AFP - A huge shoe sculpture honouring the Iraqi reporter who gained global fame by throwing his footwear at former US president George W Bush has now been dismantled, an official told AFP on Saturday.
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NSW: Police officers investigated over drug dealing, extortion
SYDNEY, Jan 31 AAP - Two police officers are being investigated over alleged drug dealing, armed robbery and extortion offences following a raid on Liverpool police station by the corruption watchdog.
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US: Thousands in shelters after US ice storm outages
Repair crews are racing to restoring power to a million homes and businesses in the eastern US .. after an ice storm crippled states from Missouri to West Virginia.
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NSW: Low road toll should not lead to complacency: Albanese
The nation's road toll last year was at its lowest level since 1949.
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NSW: Rudd's capitalism to send a 'shudder': Turnbull
Opposition Leader MALCOLM TURNBULL says Australians who remember the Labor government of the 1970s .. will shudder at KEVIN RUDD'S call for a new era of social capitalism.
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Qld: Man steals booze and assaults officer, police say
BRISBANE, Jan 31 AAP - A 19-year-old Sunshine Coast man has been charged after allegedly stealing alcohol from a Beerwah hotel and punching and spitting at a police officer trying to arrest him.
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Vic: Man dies after being struck by truck
MELBOURNE, Jan 31 AAP - A man has died after being struck by a truck after getting out of his car south of Melbourne early on Saturday morning.
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Vic: Thousands still without power
Thousands of Victorian homes are suffering power blackouts as the state's heatwave continues.
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Fed: Rudd calls for new era of "social capitalism"
SYDNEY, Jan 31 AAP - Prime Minister Kevin Rudd has denounced the unfettered capitalism of the past three decades and called for a new era of "social capitalism".
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EUR: China, EU join forces to fight economic crisis
BRUSSELS, Jan 30 AFP - China and the European Union set aside past differences on Friday and vowed to work together to confront the global economic crisis and climate change.
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FED: Australian home values dip 8pct in 2008, Darwin in bubble
MELBOURNE, Jan 31 AAP - The government's funding boost for first home buyers did little to arrest an eight per cent fall in residential property values during 2008, research has found.
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Vic: Mass power outages cause chaos in Victoria
MELBOURNE, Jan 30 AAP - Power outages caused by an explosion at an electrical substation wreaked havoc across heatwave-stricken Victoria on Friday night.
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Australians shun credit despite rate cuts (Wrap)
CANBERRA, Jan 30 AAP - Australians are turning their backs on credit, gripped by the fear of losing their job as the economic outlook turns increasingly grim.
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NSW: Learner driver facing long list of offences
SYDNEY, Jan 30 AAP - A learner driver trying to avoid a random breath test led officers on a chase through Sydney that ended when his car caught fire and he crashed into a wall, police say.
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