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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 More job cuts as govt and opposition brawl over stimulus

CANBERRA, Feb 26 AAP - The federal government has been accused of creating panic after a senior minister said no one's job is safe.

There was more bad news on Thursday with commercial property manager Lend Lease announcing it would cut 340 jobs in Australia, a day after Pacific Brands said it would axe 1,850 positions.
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Feature Story 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.

The world's premier economies of the US, Japan and Germany are already in recession, along with at least 11 other industrialised countries.
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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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All House Harris News Articles are individually selected by The Editor
Main Feature Story
Teenagers charged after violent school rampage

By Kim Christian 02 Mar 2009 6:02 PM

SYDNEY, March 2 AAP - Four teenagers allegedly terrorised students and staff with a tomahawk and a machete during a glass-smashing rampage at a Sydney private school.

Trinity Catholic College in Auburn went into lockdown about 8.15am (AEDT) on Monday after the school canteen, a car and glass noticeboards were destroyed.

Police arrested two 16-year-olds and a 15-year-old in the school playground shortly before the first class of the day.

A search led to the arrest of an unarmed 17-year-old Bankstown youth in nearby Park Road about 10 minutes later.

Three of the youths have been charged and held in custody, while the fourth, a 16-year-old from Auburn, was released pending further inquiries.

The youths were allegedly yelling out the name of a student as they made their way through the school.

Continued .....

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

Vic: Ombudsman report into council bribery claims close
MELBOURNE, March 4 AAP - A Victorian Ombudsman's "explosive" report into alleged bribery, intimidation and misuse of funds at a Melbourne suburban council is expected to be released within weeks.
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SA: Mum murdered by husband and sons over money: court told
ADELAIDE, March 4 AAP - A mother was murdered by her two sons and estranged husband because she was attempting to take millions of dollars from the "family pot", an Adelaide court has been told.
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Vic: The worst is over, fire authorities declare
Authorities have declared the worst of Victoria's bushfires over .. but now comes the task of rebuilding razed homes and shattered lives.
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NSW: Libetarians warn covert searches will lead to corruption
SYDNEY, March 4 AAP - Civil libertarians say new police powers enabling officers to obtain covert search warrants may spawn corruption within the force.
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Vic: Six foreign backpackers run down in accident
Six foreign backpackers in their 20s on a fruitpicking holiday in central Victoria have been ploughed down by a car as they were walking to an orchard near Shepparton today.
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NT: Man almost loses his head in outback crash
DARWIN, March 4 AAP - A man almost lost his head when a steel frame carried by a truck sliced the top off his car.
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Vic: Wind change a worry for firefighters
MELBOURNE, March 3 AAP - Victoria's bushfire defences held up in the face of a gale-force onslaught on Tuesday, but winds associated with a gusty westerly change could hamper fire crews overnight.
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Fed: We've got "breathing space" on climate: Garnaut
CANBERRA, March 3 AAP - The economic crisis has bought Australia at least two years of "breathing space" in the fight against climate change, according to climate adviser Ross Garnaut.
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Telstra says it was pushed from broadband tender
SYDNEY, March 3 AAP - Telstra's tender for the national broadband network (NBN) was rejected while the company awaited assurances about making a more detailed bid, a Senate committee has been told.
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We've got "breathing space" on climate: Garnaut
CANBERRA, March 3 AAP - The economic crisis has bought Australia at least two years of "breathing space" in the fight against climate change, according to climate adviser Ross Garnaut.
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NSW: Sales, stimulus and rates responsible for retail figures
Retailers say extended sale periods .. successive rate cuts and the federal government's stimulus package are behind January's better-than-expected retail sales figures.
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Qld: Poll shows green issues are vote winners
BRISBANE, March 3 AAP - Almost three-quarters of Queensland voters say environment policies will influence who they back at the March 21 election, according to a new poll.
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NSW: Police seek good Samaritans who helped young girl
SYDNEY, March 3 AAP - Police are appealing for the good Samaritans who helped a young Sydney girl after she was sexually assaulted to come forward.
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RBA on pause for now but more rate cuts to come
SYDNEY, March 3 AAP - The Reserve Bank of Australia (RBA) hit the pause button on its easing cycle on Tuesday, saying it believe interest rate settings were appropriate for the current economic climate.
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RBA Reaction - Rates steady as RBA gauges response to stimulus
SYDNEY, March 3 AAP - The Reserve Bank of Australia (RBA) resolved the uncertainty in financial markets, at least for another month, by opting to keep interest rates steady for the first time since August last year.
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US: US consumer spending ticks up after half-year drop
WASHINGTON, March 2 AFP - US consumer spending ticked up 0.6 per cent in January after six months of decline, driven by a surge in retail sales, seasonally adjusted government data showed on Monday.
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PAC: Two teens appear in NZ court over ice cream hold-up
WELLINGTON, March 2 NZPA - Two teenagers are to appear in court over the armed robbery of an Auckland mixed business in which ice creams were taken at gunpoint, New Zealand police say.
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Vic: Residents flee amid new bushfire threat
MELBOURNE, March 2 AAP - After three weeks of living on the edge, many of Warburton's tired residents are fleeing the town as the latest fire threat looms.
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Vic: Extreme weather conditions expected throughout state
The biggest emergency services project in Victoria's history has been launched as the state braces for gale force winds and fire conditions almost as bad as Black Saturday.
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NSW: Teenagers charged after violent school rampage
SYDNEY, March 2 AAP - Four teenagers allegedly terrorised students and staff with a tomahawk and a machete during a glass-smashing rampage at a Sydney private school.
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NSW: Changes to speeding offence levels in NSW
Changes to speeding offence levels for full licence holders in NSW
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NSW: New demerit system for drivers still six months off
A fairer demerit point system for New South Wales drivers has been unveiled but won't start until September .. 10 months after the state government flagged the changes.
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Vic: Jail for man who blackmailed public figure over sex tape
MELBOURNE, March 2 AAP - A Melbourne man who secretly filmed himself having sex with a prominent male public figure then blackmailed his victim for $15,000 will spend the next four months behind bars.
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First home buyers boost new home sales
SYDNEY, March 2 AAP - New home sales surged by almost nine per cent per cent in January thanks to increased activity by new home buyers, a survey shows.
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NSW: Teens with axe and machete smashed school canteen and car
SYDNEY, March 2 AAP - Four teenage boys went on a rampage through a western Sydney high school on Monday, smashing a glass noticeboard, the canteen and a school car with a 40cm machete and a tomahawk, police say.
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Fed:Consumers urged to use own bank's ATM to avoid fees
CANBERRA, March 2 AAP - Consumers are being urged to use their own bank's ATMs to minimise transaction charges under a new regime that will be introduced from Tuesday.
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NT: Boys help police catch alleged murderer
DARWIN, March 2 AAP - Police have praised two teenage boys who stopped a man engaged in a brutal assault on a woman near a mangrove-lined creek in Darwin.
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Vic: Ignore police and return home, urges Marysville resident
MELBOURNE, March 2 AAP - Fed up with being stopped from visiting her burnt-out property in Marysville, a woman from the bushfire-ravaged town says residents should ignore police roadblocks and return home.
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NSW: Teens with axe and machete smashed school canteen and car
Students and teachers are being counselled at a school in western Sydney after four teenage boys allegedly went on a violent rampage.
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NSW: Half price licence reward too expensive for now: Daley
The New South Wales government says an opposition plan to halve licence fees for people who go five years without committing a driving offence will be too costly.
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Higher petrol prices lifts measure of inflation in Feb: survey
SYDNEY, March 2 AAP - Higher petrol prices in February lifted a measure of inflation for the second straight month, dampening the prospect of a March interest rate cut.
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NSW: Licence demerit points to be reduced for low-range speeding
Changes to the demerit points system will spare thousands of New South Wales motorists from the catastrophic loss of their drivers' licence.
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ASIA: Eight killed in US missile strikes in Pakistan: officials
PESHAWAR, Pakistan, March 1 AFP - At least eight people were killed on Sunday in two suspected US missile strikes in northwest Pakistan near the Afghan border, security officials said.
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Qld: Police question rugby league players over rape allegation
BRISBANE, March 1 AAP - A number of reserve grade rugby league players have been interviewed by police over the alleged rape of a woman in Queensland, a club boss says.
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PAC: Angry locals hound NZ paedophile out of town
WELLINGTON, March 1 NZPA - Angry locals have hounded a convicted paedophile out of a small New Zealand town on Sunday.
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NSW: Teenager pulled from ocean after being mauled by shark
SYDNEY, March 1 AAP - A man dragged his son to shore after the teenager was mauled by a shark during an early morning surf, in the third shark attack in Sydney in as many weeks.
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NSW:Swimmers plunge into Harbour despite 3rd Sydney shark attack
SYDNEY, March 1 AAP - Hundreds of swimmers plunged into Sydney Harbour for the annual Swim Classic undeterred by news of a third shark attack in Sydney in as many weeks.
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US: Aussie "Dumb and Dumber" bank robber completes US jail sentence
LOS ANGELES, Feb 28 AAP - One half of Australia's infamous "Dumb and Dumber" bank robbing duo, Anthony Prince, has completed his US federal prison sentence and is a free man back in Australia.
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NSW: Tradesman extradited and charged over father's murder
A tradesman arrested over the bashing death of a Sydney man whose home he was renovating has been extradited from North Queensland and charged with murder.
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NSW: One arrested after woman found dead in unit
SYDNEY, March 1 AAP - A man has been arrested after a woman was found dead and another man seriously injured in an apartment in Sydney's southwest.
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Australians reducing personal debt on economic fears
SYDNEY, March 1 AAP - A slowing economy and a fear of losing their job is motivating many Australians to slash their debt, economists say.
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ASIA: Slumdog child star slapped for refusing interview: report
NEW DELHI, Feb 28 AFP - The father of one of the child stars of the Oscar-winning film, Slumdog Millionaire, slapped him for refusing to give media interviews, a report said on Saturday.
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