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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.


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.


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.


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.


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.


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).


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.


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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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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Stimulus packages will help retailers tread water

By Colin Brinsden, Economics Correspondent 11 Mar 2009 12:01 AM

CANBERRA, March 11 AAP - The federal government's stimulus measures will enable retailers to tread water in what is an increasingly ugly economic backdrop, a leading independent forecaster says.

Centrelink will start doling out payments to families from Wednesday as part of the government's $42 billion nation-building package, while taxpayers earning less than $100,000 will start receiving their cash handouts next month.

Access Economics says the government's initial stimulus package, which gave out money to pensioners and low-income families just before Christmas, did help to lift retail spending in December, which was by far the largest month of growth in 2008.

"The economic backdrop continues to get uglier, so these measures are likely to only result in real (inflation-adjusted) retail spending treading water in the first half of 2009," Access director David Rumbens said.

"Indeed, Access Economics sees little growth in real retail spending being realised until the second half of 2010."

Continued .....

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

US: Alabama gunman kills 10, self in rampage
SAMSON, Alabama, March 11 AFP - A US gunman mowed down at least 10 people, including his grandparents and other relatives, leaving a trail of bloodshed in southern Alabama before killing himself, officials say.

EUR: German school gunman shot dead by police: police sources
Police have say they've shot dead a teenage gunman who killed at least 11 people at a school in southern Germany.

Fed:Oppn to vote against "sneaky attack" on self-funded retirees
CANBERRA, March 11 AAP - The federal opposition will vote against a government bid to tighten the income test for the seniors health card, branding it a dishonest sneak attack on self-funded retirees.

Fed: No promises on extending home buyers grant: Tanner
CANBERRA, March 11 AAP - The federal government won't make a budget promise to extend the life of increases to first home owners' grants, even though there is evidence it has been a success.

Vic: Media shut out of bushfires hearings
The media will be shut out of preliminary community consultations into the bushfire disaster .. which are due to begin next week.

FED: Biden warns Australia is an al-Qaeda target
CANBERRA, March 11 AAP - US Vice-President Joe Biden has warned Australia is a target for al-Qaeda terrorists.

Australian stocks buoyed by Wall St, BHP and financials
SYDNEY, March 11 AAP - The Australian share market closed higher for a third consecutive day after gains from the mining and financial sectors, and follows a strong rally on Wall Street.

FED: HIV could adapt to be non-life threatening, scientist says
ADELAIDE, March 11 AAP - HIV could adapt so that it is no longer a life-threatening virus, a leading scientist says.

NSW: Martin apologises for remonstrating opposition staff
SYDNEY, March 11 AAP - Labor MP Gerard Martin has apologised to NSW Parliament after he "remonstrated" with opposition staffers during Tuesday's question time.

FED: Two Senate committees to look into emissions trading
CANBERRA, March 11 AAP - Two separate Senate committees will hold investigations into emissions trading.

US stocks skyrocket on Citigroup outlook
US stocks have leapt at the market open today after troubled banking giant Citigroup offered an upbeat profit outlook .. raising investor confidence.

Fed: Stimulus packages will help retailers tread water: Access
CANBERRA, March 11 AAP - The federal government's stimulus measures will enable retailers to tread water in what is an increasingly ugly economic backdrop, a leading independent forecaster says.

NSW: Teenager charged with lighting a bushfire on Central Coast
SYDNEY, March 10 AAP - A teenager has been charged with lighting a bushfire which threatened homes on the NSW Central Coast.

Obama to reverse Bush limits on stem cell research
US President BARACK OBAMA will wipe out another contentious aspect of his predecessor GEORGE W BUSH'S legacy .. by removing curbs on federal funding for embryonic stem cell research.

EUR: Belligerent chimp proves animals make plans
STOCKHOLM, March 9 AP - A canny chimpanzee who calmly collected a stash of rocks and then hurled them at zoo visitors in fits of rage has confirmed that apes can plan ahead just like humans, a Swedish study says.

NSW: Bligh suffers swing, LNP have narrow lead, Newspoll
The latest Newspoll says Queensland Premier ANNA BLIGH has suffered a massive swing against her since calling the state election .. with the Liberal Nationals now narrowly in the lead.

FED: Men should also hear biological clock ticking
SYDNEY, March 10 AAP - The biological clock ticks just as loudly for Australian men, new research shows.

NSW: Rudd maintains lead, Costello now favoured over Turnbull
SYDNEY, March 10 AAP - The worsening Australian economy has failed to dent the Rudd Government's ascendancy over the Malcolm Turnbull-led Coalition, according to the latest Newspoll.

AFR: 11 dead as plane crashes into Lake Victoria
ENTEBBE, Uganda, March 9 AFP - A Soviet-era jet caught fire and crashed into Lake Victoria Monday after taking off from Uganda's main airport, killing 11 people, including three top Burundi army officers, officials said.

EUR: Global economy "approaching" pick-up: G10 central bankers
BASEL, Switzerland, March 9 AFP - The global economy is "approaching" a pick-up point as positive elements that could fuel growth have yet to be priced in, G10 central bankers say.

VIC: Man shot dead, one arrested, in Melbourne's north
MELBOURNE, March 9 AAP - A 41-year-old man has died after being shot in the stomach at a home in Melbourne's north.

Fed: Greens won't stand in way of Labor's IR laws
CANBERRA, March 9 AAP - The Australian Greens won't stand in the way of the Rudd government's proposed workplace laws as the clock ticks down on Labor's self-imposed deadline to get its legislation through the Senate.

WA: 10 charged with music festival drug offences despite amnesty
Ten people were charged with drug possession despite the use of drug disposal bins at a Perth music festival.

WA: Police fire shots at car after police car rammed
Police have fired shots during an incident in which a man .. wanted for a string of burglaries and a hit and run .. rammed a police car and injured an officer.

US: More Americans say they have no religion
NEW YORK, March 8 AP - A wide-ranging study on American religious life has found the percentage of Christians in the nation has declined and more people say they have no religion at all.

FED: Labor wants more poor students attending university by 2020
CANBERRA, March 9 AAP - The federal government has vowed to enrol an additional 55,000 students from disadvantaged backgrounds in Australian universities by 2020.

Owning a home easier due to lower rates, cheaper houses-survey
Reissuing to correct spelling of Kristy Sheppard throughout

Fed: ACA says green electricity choices won't count
CANBERRA, March 9 AAP - Those who pay extra for green electricity will simply be making it cheaper for big polluters to meet emissions reduction targets under the government's climate change legislation, consumer group Choice says.

Qld: Dengue outbreak abating, say authorities
Queensland health authorities say they're winning battles against the state's worst-ever outbreak of dengue fever .. but the war isn't over yet.

ASIA: Dalai Lama says he's in top health but won't seek rebirth
TAIPEI, March 8 DPA - The Tibetan spiritual leader, the Dalai Lama, in an interview with Taiwan television aired on Sunday, said he is in excellent health - but won't seek reincarnation.

MID: US to pull 12,000 troops out of Iraq by end of September
BAGHDAD, March 8 AFP - Iraq and the United States announced on Sunday that 12,000 more US troops will go home by the end of September in an acceleration of the US withdrawal, as a suicide bomber killed 28 people.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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