"Possessing opinions is like possessing fish, assuming one has a fish pond. One has to go fishing and needs some luck - then one has one's own fish, one's own opinions. I am speaking of live opinions, of live fish. Others are satisfied if they own a cabinet of fossils - and in their heads, "convictions". - Friedrich Nietzsche
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.
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.
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.
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).
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.
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
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
More grim economic news as political battle heats up
All House Harris News Articles are individually selected by The Editor
Todays Main Feature Story
Govt unveils $42 billion buffer against world recession
By Kate Hannon, National Political Editor
03 Feb 2009 12:54 PM
CANBERRA, Feb 3 AAP - The federal government has unveiled a massive $42 billion nation building and employment plan aimed at retaining 90,000 jobs over the next two years and insulating Australia against the worst of the global economic recession.
Billed as a "rapid response" to the deteriorating global economic conditions, the centrepiece of the 72-page plan is $28.8 billion of spending on schools, housing, energy efficiency in homes, community infrastructure and roads, and support to small business to be delivered mostly in 2009-10 and 2010-11.
The remaining third of the plan is an immediate injection of $12.7 billion in one-off bonus payments of $950 each for low- and middle-income households and individuals through five bonuses to be paid in the next few weeks through either the Australian Tax Office or Centrelink.
It means 8.7 million workers earning $100,000 or less will receive a lump sum payment of $950 each from April.
About 1.5 million single-income families will also receive the payment, provided they receive Family Tax Benefit Part B, in the fortnight beginning March 11.
Regularly Updated News As It Arrives From The Editor
House Harris News
MID: Gaza violence simmers as Egypt holds truce talks
GAZA CITY, Feb 3 AFP - Violence simmered around Gaza on Tuesday as Palestinian militants fired a rocket into Israel a day after a deadly air raid, while talks on a long-term truce in the Hamas-run enclave dragged on in Egypt. More...
MID: Iran puts first home-built satellite into orbit
TEHRAN, Feb 3 AFP - Iran has launched its first home-built satellite into orbit using a homegrown rocket, a move certain to set alarm bells ringing in the international community. More...
Qld: More rain for flooded north Queensland
Flood-ravaged north Queensland is set to face further disaster with the weather bureau predicting heavy rain for the rest of the week .. and a possible cyclone. More...
NSW: Woman accused of smothering father, cling wrapping him
SYDNEY, Feb 3 AAP - A woman seemed "possessed" as she held a pillow over her father's face after restraining him to his bed with cling wrap, her daughter has told a Sydney jury. More...
FED: Mortgage rates echo days of pounds, shillings and pence
SYDNEY, Feb 3 AAP - The last time interest rates were this low, Australians paid their mortgages in pounds, shillings and pence. More...
Aust dollar closes higher after RBA cuts rates
SYDNEY, Feb 3 AAP - The Australian dollar has closed higher after the Reserve Bank of Australia (RBA) announced another large cut to official interest rates. More...
FED: Church welfare groups back stimulus package
The church welfare sector has given the thumbs up to the federal government's 42 billion dollar economic stimulus package .. saying it's well targeted. More...
Big cut as expected but no clear hints on outlook
SYDNEY, Feb 3 AAP - The Reserve Bank of Australia's (RBA) decision to lop a full percentage point off its policy interest rate was well anticipated, but there were no clear pointers for the outlook from here. More...
NSW: Graffiti artist gets two-year good behaviour bond
A graphic design student caught doing graffiti on a Sydney wall has been wished luck in his art career by a magistrate .. so long as his work is exhibited in galleries and not on public property. More...
Rate cut signals good time to enter house market: Lenders
SYDNEY, Feb 3 AAP - Conditions have rarely been better for first home buyers but caution must be exercised before taking on debt, the Mortgage and Finance Association of Australia (MFAA) says. More...
Westpac cuts variable mortgage rate by 100 basis points
SYDNEY, Feb 3 AAP - Westpac Banking Corporation, Australia's second biggest home-loan lender, will cut its standard variable mortgage rate by 100 basis points to 5.91 per cent, passing on the full central bank rate reduction. More...
Vic: Firefighters race to quell fires ahead of hot change
MELBOURNE, Feb 3 AAP - More than 500 firefighters are racing against the clock to contain a cluster of bushfires in remote parts of Victoria before weather conditions worsen later in the week. More...
RBA cuts by 100 basis points again with more to come, economists
SYDNEY, Feb 3 AAP - The Reserve Bank of Australia (RBA) delivered another massive 100 basis point cut to official interest rates on Tuesday and economists expect more of the same in the coming months. More...
SYDNEY, Feb 3 AAP - Resi Mortgage Corporation says the latest rate cut by the Reserve Bank of Australia (RBA) will deliver greater options to borrowers. More...
FED: Govt unveils $42 billion buffer against world recession
CANBERRA, Feb 3 AAP - The federal government has unveiled a massive $42 billion nation building and employment plan aimed at retaining 90,000 jobs over the next two years and insulating Australia against the worst of the global economic recession. More...
Millions to go toward roads and rail
CANBERRA, Feb 3 AAP - The federal government is moving quickly to spend part of its $42 billion stimulus package on small road and rail projects. More...
Fed: RBA cuts key rate by another 100 basis points
CANBERRA, Feb 3 AAP - The Reserve Bank of Australia (RBA) has slashed its official cash rate by a further 100 basis points following Tuesday's board meeting. More...
Qld: Man kills teenager during birthday brawl, court hears
BRISBANE, Feb 3 AAP - A man fatally stabbed a teenager during a brawl at a birthday party, a court has been told. More...
FED: Rudd justified in slamming neo-liberalism: Keating
CANBERRA, Feb 3 AAP - Prime Minister Kevin Rudd is only partly right when he says the great neo-liberal experiment of the past 30 years has failed, his Labor predecessor Paul Keating says. More...
NSW: Insulation plan to stave of recession: reports
SYDNEY, Feb 3 AAP - More than two million homes will qualify for free ceiling insulation in a federal government plan to stimulate the economy by creating green jobs. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...