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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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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 Stimulus package projects to be fast tracked in NSW

SYDNEY, Feb 18 AAP - Infrastructure built in NSW from federal government's $42 billion stimulus package will bypass the usual planning and local government approval.

Instead, Premier Nathan Rees says the projects, including public housing and schools, will be approved by the newly appointed Infrastructure Coordinator General.
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Feature Story Stimulus package clears parliament - now for the hard part

CANBERRA, Feb 13 AAP - The Rudd government cleared a final hurdle to get its $42 billion economic injection through parliament but the International Monetary Fund says the key now is to implement its stimulus plan.

Following a fortnight of parliamentary wrangling, the government can now begin spending its $42 billion package of cash handouts and infrastructure investment after securing the passage of legislation through the Senate.
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Feature Story New stimulus package passes house, goes to senate

CANBERRA, Feb 12 AAP - The Rudd government will have a second crack at getting its $42 billion economic stimulus package through the Senate on Friday after a new version passed the lower house late on Thursday night.

The amended package, introduced by Prime Minister Kevin Rudd, will see cash handouts to low and middle-income earners and single-income families cut by $50, a concession won by the Australian Greens.
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Feature Story Ninety-three dead as fires continue to rage across Victoria

MELBOURNE, Feb 9 AAP - Ninety-three people are confirmed dead in Australia's deadliest bushfires that have scorched Victoria, with fears the death toll may rise sharply.

There was little rest for many firefighters overnight, with 25 bushfires still raging out of control at 3.30am (AEDT) on Monday.
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Feature Story Rudd tells Turnbull to get out of the way

CANBERRA, Feb 6 AAP - Prime Minister Kevin Rudd has told Malcolm Turnbull to "get out of the road" and stop holding up the government's $42 billion stimulus package.

The government increased pressure on the coalition on Friday as it prepared to work out a deal with crossbench Senators to get the nation building and jobs plan through the Upper House next week.
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Feature Story 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.

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.

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Feature Story 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.

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.
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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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All House Harris News Articles are individually selected by The Editor
Todays Main Feature Story
Australia 'may escape' recession

By Stephen Johnson 23 Feb 2009 3:07 PM

SYDNEY, Feb 23 AAP - Australia may escape a recession in 2009, although analysts say a sluggish housing sector and possible downgrades to state government credit ratings could affect confidence in the economy.

The world's premier economies of the US, Japan and Germany are already in recession, along with at least 11 other industrialised countries.

CommSec chief economist Craig James says Australia could enjoy its 18th consecutive year of growth as big interest rate cuts and federal government stimulus programs support the economy.

"While the global downturn is far bigger than the 2001 slowdown, it is not out of the question that Australia could avoid recession yet again," Mr James said.

"No other country has received the same economic boost from all three factors - government spending, lower interest rates and a cheaper Aussie dollar.

Continued .....

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

Fed: Tensions boil over on climate change
CANBERRA, Feb 23 AAP - Tensions over climate change have boiled over, with an angry Nationals senator berating a senior public servant during a parliamentary hearing.
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Fed: Tensions boil over on climate change
Tensions over climate change have boiled over .. with an angry Nationals Senator berating a senior public servant during a parliamentary hearing.
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Vic: Service station destroyed after petrol spill ignites
Two women have been injured when a fire destroyed a service station in the Dandenong Ranges .. east of Melbourne.
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Vic:Three guilty to role in $93 mln laundering syndicate: court
MELBOURNE, Feb 23 AAP - Two siblings who worked at an electronic money transfer company have admitted using the business to help launder more than $90 million in cash between Australia and Asia.
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Vic: Bushfire toll hits 210
MELBOURNE, Feb 19 AAP - The death toll from Victoria's bushfires has reached 210, police say.
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Qld: Captain Bligh no stranger to history
BRISBANE, Feb 23 AAP - Anna Bligh is no stranger to history.
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Qld: Five election issues Bligh will have to deal with
Five Queensland election issues Anna Bligh will have to deal with:
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Vic: No autograph, but thanks for coming
WANDONG, Vic, Feb 23 AAP - Paul Hecker fled the fires that destroyed his home in Wandong with the two things that mean the most to him - his wife Marie and the diary he has kept for the past 70 years.
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Aust stocks close lower, pulled back by miners
A late recovery failed to stop the Australian share market from closing in the red following weakness among the big miners.
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Australia 'may escape' recession
SYDNEY, Feb 23 AAP - Australia may escape a recession in 2009, although analysts say a sluggish housing sector and possible downgrades to state government credit ratings could affect confidence in the economy.
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Fed: AFP acted on Japanese complaints about Steve Irwin
CANBERRA, Feb 23 AAP - The federal attorney-general would need to approve any prosecution arising from a raid on the anti-whaling ship Steve Irwin in Hobart last week, a Senate committee has been told.
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FED: Petrol price still rising
CANBERRA, Feb 23 AAP - The price of petrol is still rising, six weeks after bottoming out near $1 a litre.
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NSW: Very rare python among reptile haul detected at airport
SYDNEY, Feb 23 AAP - A Sydney man has been charged with attempting to smuggle 44 native lizards and snakes on a flight out of Australia, including a rare albino python.
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Vic: Fire breaks out in Melbourne's outer east
A fire has broken out in Melbourne's outer east that may threaten suburban homes.
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MID: Israel orders dozens of east Jerusalem homes razed
JERUSALEM, Feb 22 AFP - Israel has ordered hundreds of Palestinians to leave their homes in annexed east Jerusalem, warning their houses are illegal, officials and residents told AFP on Sunday.
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Aust stocks to fall on Monday after Wall St slides
The Australian share market is expected to start the week lower .. after US and European markets plunged on Friday.
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Vic: Dozens of Victorian towns on alert as heat, wind returns
MELBOURNE, Feb 23 AAP - Dozens of communities - including many already ravaged by bushfires - are on alert once again as dangerous bushfire weather grips Victoria.
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CHN: 74 dead, dozens trapped in Chinese mine: state media
BEIJING, Feb 22 AFP - Seventy-four workers were confirmed dead and dozens trapped underground after a gas blast early on Sunday at a north Chinese colliery, the worst accident to hit the nation's mines in over 14 months.
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NSW: More organs please
SYDNEY, Feb 23 AAP - Sydney's Royal Prince Alfred hospital's transplant team may have reached a historic milestone, but more organ donors are needed.
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Vic: Stop cyber bullying 'epidemic' youth worker says
MELBOURNE, Feb 22 AAP - A Melbourne youth worker has called for politicians to get tough on cyber bullying, saying it has reached epidemic proportions.
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NSW: Teenager charged over death at Maitland show
SYDNEY, Feb 22 AAP - A teenager has been charged with manslaughter over the death of Jamie Purdon after an alleged fight at Maitland Showground in the NSW Hunter region.
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UK: Iran offered nuclear deal to stop Iraq troop attacks: BBC
LONDON, Feb 21 AFP - Iran offered to stop attacking troops in Iraq if the West dropped opposition to its nuclear program, a top British official said in comments to be broadcast on Saturday.
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EUR: Pope to canonise 10 new saints
VATICAN CITY, Feb 21 AFP - Pope Benedict XVI announced on Saturday the creation of 10 new saints in the coming year, the Vatican said.
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EUR: Pope decries discrimination based on genetics
VATICAN CITY, Feb 21 AP - Pope Benedict XVI said on Saturday any type of discrimination based on genetic factors, such as a risk for cancer or other ailments, is an attack against all of humanity.
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MID: Iran blocks web sites promoting reformist Khatami
TEHRAN, Iran, Feb 21 AP - Iranian authorities have blocked two web sites promoting the presidential bid of Mohammed Khatami, reformists said Saturday, in a first sign that powerful hard-liners might seek to thwart his challenge to Mahmoud Ahmadinejad in the June 12 election.
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US: Nigerian man accused in $US27 million scheme
NEW YORK, Feb 21 AP - A Nigerian man has been charged with trying to swindle nearly $US27 million ($A42 million) from a Citibank account in New York held by Ethiopia's central bank.
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Fed: More than 7500 defence troops are obese
The Australian Defence Force says more than one in seven of the nation's 53-thousand military troops are now classified as obese.
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ASIA: Tamil Tiger raid a desperate bid to delay defeat, govt
COLOMBO, Feb 21 AFP - A kamikaze-style attack by Sri Lanka's Tamil Tigers on the capital Colombo may have been a last ditch attempt by rebels to delay their defeat after 37 years of fighting, the government says.
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US: Protesters slam weak apology for monkey cartoon
Hundreds of protesters have called for a boycott of The New York Post .. after what they say is a weak apology for a publishing political cartoon of a monkey .. seen as a racist allusion to President BARACK OBAMA.
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NSW: NSW govt will release own stats on violent pubs, Rees
The New South Wales government says it will release updated figures on violence in pubs and clubs once they're collated .. following media reports the data is twice as bad as official figures show.
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PAC: NZ police barred from brothel raids after man dies
WELLINGTON, Feb 21 NZPA - Police officers have been banned from accompanying Immigration officials on potentially unlawful brothel raids after a man leapt to his death during a raid being filmed for reality television.
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Vic: Firefight efforts ramped up ahead of hotter weather change
MELBOURNE, Feb 21 AAP - Firefighters battling four major Victorian bushfires are building control lines and back burning ahead of hotter weather conditions expected on Monday.
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NSW: Man dies in altercation at Maitland Show
SYDNEY, Feb 21 AAP - A man has died following an altercation at Maitland Showground, in the NSW Hunter Valley.
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UK: Wines hidden from Nazis to be auctioned
LONDON, Feb 20 AP - The Nazis have long since gone and it may be time at last to pop the corks.
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TAS: AFP seize Sea Shepherd log book and video
HOBART, Feb 21 AAP - Australian Federal Police boarded the anti-whaling ship Steve Irwin when it arrived in Hobart on Friday and confiscated the ship's log book and video footage.
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EUR: Military strikes against Iran no longer an option: IAEA
PARIS, Feb 20 AFP - UN nuclear watchdog chief Mohamed El Baradei says in an interview to be broadcast on Sunday that he believed the possibility of a military solution to the Iran nuclear crisis had been ruled out.
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VIC: Hundreds of bushfire survivors heading to city for ceremony
Survivors of the Victorian bushfires are preparing for the National Day of Mourning tomorrow .. with hundreds to be ferried into Melbourne for a memorial service at Rod Laver Arena.
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Vic: Fire threat remains high for weekend, says DSE
Fire authorities in Victoria have warned the threat of new fires over the weekend is still high.
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WA: TAFE teacher gets five years for stealing students' money
PERTH, Feb 20 AAP - A TAFE teacher has been sentenced to five years in prison for gambling away hundreds of thousands of dollars of his students' money.
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WA: Navy to invest $15 billlion on Australian subs: report
PERTH, Feb 20 AAP - The federal government will spend $15 billion on a new Australian-built fleet of submarines under a 15 to 20 year project.
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NSW: Few remain isolated as flood warnings pass
SYDNEY, Feb 20 AAP - Authorities have stopped issuing flood warnings for NSW's midnorth coast as residents in several areas wring themselves out after a week of heavy rain.
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ATM users will no longer be stung by hidden charges
CANBERRA, Feb 20 AAP - The nation's central bank chief has warned retail banks against imposing fees on their customers who use a competitor's ATM.
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