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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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Feature Story Metro Melbourne rocked by magnitude 4.6 tremor

MELBOURNE, March 6 AAP - The centre of Melbourne has been rocked by an earth tremor, with residents reporting buildings shaking across the metropolitan area.

Geoscience Australia, which monitors earthquake activity, said the tremor measured magnitude 4.6 on the Richter scale, with the epicentre at Korumburra, about 90km southeast of Melbourne.
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Feature Story Police confirm receipt of Hanson tape

BRISBANE, March 6 AAP - Queensland police are investigating new claims of electoral funding irregularities against Pauline Hanson.

The 54-year-old One Nation founder is contesting the Gold Coast hinterland seat of Beaudesert in the March 21 Queensland state election.
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Feature Story 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.

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.
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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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All House Harris News Articles are individually selected by The Editor
Main Feature Story
Economists divided on recession in Australia

By Alison Bell 08 Mar 2009 4:45 PM

MELBOURNE, March 8 AAP - Economists are divided over whether Australia can avoid a recession after December quarter data showed the first contraction in economic growth in eight years.

Last week's figures showed a 0.5 per cent drop in gross domestic product (GDP) in the December quarter, although the economy has so far avoided a "technical" recession after September quarter GDP rose by 0.1 per cent.

National Australia Bank chief economist Alan Oster says Australia is already in a recession, defined by economists as two consecutive quarters of negative economic growth.

Mr Oster said the recession started during the December quarter and the economy would weaken by another 0.5 per cent to 0.6 per cent in the first quarter of 2009.

"In the March quarter I think we're going to go backwards," he told ABC TV.

"The partial data we're seeing and what we're seeing through the banking sector is that March was worse than the December quarter."

Continued .....

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

NSW: Three accidents kill four in NSW
SYDNEY, March 8 AAP - A woman was killed when her four-wheel drive plunged off a railway bridge and into a canal in Sydney's inner south, in one of three fatal accidents in NSW on Sunday.
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NSW: Woman killed after driving 4WD off Sydney railway bridge
SYDNEY, March 8 AAP - A woman has been killed after driving her four-wheel drive off a railway bridge and into a nearby canal in inner-south Sydney.
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WA: Wheatbelt town has had 100 earthquakes in a month
There's been a whole lot of shaking going on in a small West Australian wheatbelt town.
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Vic: Torched body found on vacant lot in Melbourne
MELBOURNE, March 8 AAP - Homicide detectives are investigating the death of a middle-aged man and the apparent torching of his body in a suburban Melbourne street.
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Economists divided on recession in Australia
MELBOURNE, March 8 AAP - Economists are divided over whether Australia can avoid a recession after December quarter data showed the first contraction in economic growth in eight years.
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ASIA: Militants shoot down US drone in Pakistan: officials
MIRANSHAH, Pakistan, March 7 AFP - Taliban militants on Saturday shot down a pilotless US drone in a Pakistani tribal area bordering Afghanistan, officials said.
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EUR: Protesters clash with police at tennis match in Sweden
MALMO, Sweden, March 7 AP - Dozens of anti-Israel activists clashed with police at Malmo in Sweden on Saturday as they tried to storm a closed arena where Sweden and Israel were playing a Davis Cup tennis match.
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Vic: US bomber makes emergency landing at Melbourne Airport
MELBOURNE, March 8 AAP - A US Air Force bomber has made an emergency landing at Melbourne Airport.
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UK: British ex-SAS chief in Afghanistan slams 'worthless' war
LONDON, March 7 AFP - Military operations in Afghanistan are "worthless", with British NATO forces unable to hold ground against Taliban insurgents, the former chief of British special forces there said in an interview published on Saturday.
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NSW: Man dies of stab wounds in domestic dispute
SYDNEY, March 7 AAP - A 48-year-old man has died of stab wounds to the chest after a domestic dispute near Newcastle, police say.
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NSW: Man dies of stab wounds in domestic dispute
SYDNEY, March 7 AAP - A 48-year-old man has died of stab wounds to the chest after a domestic dispute near Newcastle, police say.
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NSW: Two men charged with street racing
SYDNEY, March 7 AAP - Police have charged two men with street racing after confiscating two cars in Sydney's west.
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NSW: Police charge suspected bikie with drug offences
SYDNEY, March 7 AAP - Police have charged a suspected bikie gang member after seizing more than 700 ecstasy pills and cash in Sydney's south-west.
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NSW: University to look at impact of sex workers on community.
SYDNEY, March 7 AAP - A team of researchers from a Sydney university intends to speak to residents living near sex workers so it can pass its findings on to state and local government authorities.
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Vic: Metro Melbourne rocked by magnitude 4.6 tremor
MELBOURNE, March 6 AAP - The centre of Melbourne has been rocked by an earth tremor, with residents reporting buildings shaking across the metropolitan area.
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Vic: Metro Melbourne rocked by magnitude 4.6 tremor
MELBOURNE, March 6 AAP - An earth tremor measuring magnitude 4.6 on the Richter scale has rocked metropolitan Melbourne.
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Vic: Metro Melbourne rocked by magnitude 4.6 tremor
An earth tremor measuring magnitude 4.6 on the Richter scale has rocked metropolitan Melbourne.
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Vic: Earth tremor rocks metropolitan Melbourne
MELBOURNE, March 6 AAP - The centre of Melbourne has been rocked by an earth tremor, with worried residents reporting buildings shaking across the metropolitan area.
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US: 'Professor' Obama lances healthcare poison in TV debate
WASHINGTON, March 6 AFP - Juggling the roles of professor, conciliator, salesman and crafty political strategist, President Barack Obama launched his healthcare reform drive with the most mild-mannered open debate.
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Qld: Qld activates disaster centre amid cyclone threat
BRISBANE, March 6 AAP - Queensland's disaster coordination centre has been activated as the state's flood-ravaged north braces for tropical Cyclone Hamish.
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Vic: Bushfire victims slugged more to build new fire-proof homes
CALLIGNEE, Vic, March 6 AAP - Bushfire survivors rebuilding in Victoria's worst fire risk areas will be slugged an extra $22,000 to make their homes safer.
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Qld: More flood warnings for north as cyclone moves closer
BRISBANE, March 6 AAP - Ingham, North Queensland's worst flood-affected town, can expect more rain and flash flooding within the next 24 hours as a tropical cyclone moves south.
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CAN: Schizophrenic Canada bus beheading man found not guilty
A Chinese immigrant who beheaded and hacked a Canadian bus passenger to pieces in front of horrified travellers .. has been found not guilty of murder after being diagnosed with paranoid schizophrenia.
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QLD: Man who made pregnancy pact with stepdaughter loses appeal
BRISBANE, March 6 AAP - A man who tried to impregnate his 15-year-old stepdaughter because he and his wife desperately wanted another child has failed in a bid to have his sentence reduced.
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QLD: Police confirm receipt of Hanson tape
BRISBANE, March 6 AAP - Queensland police are investigating new claims of electoral funding irregularities against Pauline Hanson.
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NSW: Don't bring alcohol or drugs to Mardi Gras - police
SYDNEY, March 6 AAP - Sydney's Oxford Street will be an alcohol-free zone during the Mardi Gras parade on Saturday, with police warning people not to become drunken thugs.
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NT: 300 youths brawl at Darwin shopping centre, city bombed
Police in Darwin have warned they're taking a zero tolerance approach after three separate incidents across the city.
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Vic: Youths jailed over arson attack on mentally ill man
Four young men have been jailed for five years in Victoria for setting a mentally ill man on fire .. leaving him permanently disfigured.
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Qld: Dengue fever spreads west
The dengue fever outbreak that's killed a woman in far north Queensland has spread west from Cairns to the Atherton Tableland town of Mareeba.
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NT: 300 youths brawl in Darwin; homemade bombs hit city
DARWIN, March 6 AAP - Up to 300 youths have brawled at a Darwin shopping centre and homemade bombs have been set off elsewhere in the city.
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ATSB fails to find cause for Qantas cylinder rupture
CANBERRA, March 6 AAP - How an oxygen cylinder came to blow a hole in a Qantas jumbo jet carrying 365 passengers and crew on a flight out of Hong Kong remains a complete mystery.
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Qld: Man who made pregnancy pact with stepdaughter loses appeal
A man who tried to impregnate his 15-year-old stepdaughter because he and his wife desperately wanted another child has failed to have his sentence reduced.
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QLD: Body of elderly man found in submerged tractor
BRISBANE, March 6 AAP - Police divers have found the body of an elderly man in a tractor submerged by floodwaters in Queensland.
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US: End violence against women: UN chief
UNITED NATIONS, March 5 AFP - UN Secretary General Ban Ki-moon on Thursday called on world leaders to end violence against women in their countries, in a speech ahead of International Women's Day.
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US: US space tourist shrugs off 10 mln dollar price hike
STAR CITY, Russia, March 5 AFP - American software tycoon Charles Simonyi on Thursday shrugged off a $US10 million ($A15.41 million) price hike by Russia for his next space flight, saying space tourism was the way of the future.
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NSW: Qld police seize Hanson election funding tapes.
Queensland police have requested tapes of a television program showing One Nation founder PAULINE HANSON becoming emotional as she was questioned over electoral funding.
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EUR: Dutch border towns to shut marijuana cafes
THE HAGUE, March 5 AFP - Two Dutch towns say their eight cannabis "coffee shops" will be closed within the next six months to ward off the 25,000 marijuana-smoking tourists who flood their communities every week.
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FED: The arrival of a superpower - Iran on the rise
CANBERRA, March 5 AAP - Robert Baer is uniquely positioned to talk about Iran.
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NSW: Police seize $300,000 worth of cannabis plants.
SYDNEY, March 5 AAP - Police have charged two men on the NSW far north coast after finding cannabis plants with an estimated street value of about $300,000.
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NSW: Man dies after stopping car in middle of motorway
SYDNEY, March 5 AAP - A man is dead after being hit by a semi-trailer on the M5 Motorway in Sydney's southwest, police say.
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WA: Man charged over python haul
PERTH, March 5 AAP - An alleged wildlife smuggler's been caught with a dozen pythons stashed in his car.
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WA: Police lay murder charge without a body
PERTH, March 5 AAP - A man has been charged with the murder of an itinerant worker, despite his body never being found.
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