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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 Rudd's personal popularity at near record levels

SYDNEY, March 24 AAP - Prime Minister Kevin Rudd's personal popularity has returned to near record levels, while opposition leader Malcolm Turnbull has lost support, according to the latest Newspoll.

Mr Rudd's rating grew by four percentage points to 65 per cent in the past two weeks on the question of who would make the better prime minister, just one point short of his highest rating last December.

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Feature Story Back to soul searching for LNP after election loss

BRISBANE, March 21 AAP - Queensland's Liberal National Party will look to a new leader as it laments an election result that by past standards was good, but not quite good enough.

Despite polls predicting a photo finish, and talk of a hung parliament or a minority LNP government, the newly merged conservative party managed only a 3.5 per cent swing.

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Feature Story Labor, LNP set for photo-finish in Qld poll

BRISBANE, March 21 AAP - Queensland voters are set to make history when the polls open at 8am (AEST) on Saturday.

The latest opinion poll, a Newspoll to be published in The Australian on Saturday morning, shows Labor and the Liberal National Party (LNP) locked on 50 per cent of the vote, after the distribution of preferences.

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Feature Story Do or die for Hanson, but either way she's not going away

BRISBANE, March 18 AAP - Love her or hate her, no one can deny Pauline Hanson is one determined woman.

And where that dogged perseverance has taken her, drama has inevitably followed.

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Feature Story Obama singles out Australia on economy

CANBERRA, March 15 AAP - US President Barack Obama has singled out Australia as a country taking appropriate action in the face of the global economic crisis.

Mr Obama mentioned Australia along with the economic heavy-hitters of China, the UK and the US.

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Feature Story Stimulus packages will help retailers tread water

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.

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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.
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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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All House Harris News Articles are individually selected by The Editor
Main Feature Story
NSW activity property market to increase, says industry

25 Mar 2009 12:01 AM

SYDNEY, March 25 AAP - Activity in the NSW property market is expected increase over the first half of 2009 as buyers return tempted by lower interest rates and government grants, an industry body says.

The Real Estate Institute of NSW (REINSW) says the return of first home buyers has "re-energised" the state's property market.

REINSW president Steve Martin says early signs in 2009 of a strong return to the residential market by buyers is expected to continue.

Mr Martin said demand from first home buyers, which were typically at the lower-priced end of the property market, would flow through to other sectors, including investors.

"With interest rates continuing to fall, I see greater buying activity that will filter through from the lower-priced property to the mid-range over the next three to six months," Mr Martin said in a statement.

"What we are now seeing as a direct result of interest rates and the rental accommodation shortage is that investors are coming back into the market place."

Continued .....

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

US:Obama asks Congress for power to shut collapsed finance firms
WASHINGTON, March 24 AFP - US President Barack Obama says he hopes to convince Congress to quickly hand him the power to close collapsed finance firms outside the banking sector which pose a systemic economic risk.
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US: Space fan Obama makes out of this world call
WASHINGTON, March 24 AFP - US President Barack Obama looked to the stars on Tuesday, taking time out from his daily grind to delight in the wonders of space in a very long-distance video chat with astronauts orbiting the Earth.
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US: Rudd, Obama reaffirm countries' close alliance
WASHINGTON DC, March 24 AAP/Agencies - US President Barack Obama and Prime Minister Kevin Rudd reaffirmed the close Australia-US alliance during a 70-minute meeting at the White House on Tuesday.
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US: Rudd, Obama reaffirm countries' close alliance
US President BARACK OBAMA and Prime Minister KEVIN RUDD have reaffirmed the close Australia-US alliance during a 70-minute meeting at the White House.
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NSW activity property market to increase, says industry
SYDNEY, March 25 AAP - Activity in the NSW property market is expected increase over the first half of 2009 as buyers return tempted by lower interest rates and government grants, an industry body says.
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US: Obama praises shuttle, space station crews in call
CAPE CANAVERAL, Florida, March 24 AP -Astronauts aboard the International Space Station and US shuttle Discovery took a congratulatory call from the White House on Tuesday and told President Barack Obama and schoolchildren all about their adventures in space.
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Wall Street gives back part of massive rally
Stocks have dropped at the opening today .. as investors locked in profits from a sizzling rally a day earlier fuelled by a new US government plan to clean up toxic assets in the banking system.
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ASIA: Komodo dragon kills man in Indonesia: police
An Indonesian fisherman's been mauled to death by a Komodo dragon after he ventured into a remote island sanctuary for the giant killer lizards.
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FED:Costello a better chance of beating Rudd than Turnbull: poll
SYDNEY, March 25 AAP - More voters say Peter Costello has a better chance of beating Kevin Rudd at the next election than Malcolm Turnbull.
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NSW activity property market to increase, says industry
SYDNEY, March 25 AAP - Activity in the NSW property market is expected increase over the first half of 2009 as buyers return tempted by lower interest rates and government grants, an industry body says.
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ASIA: 'Spider-Man' rescues autistic Thai boy
BANGKOK, March 24 AFP - A Thai fireman turned superhero when he dressed up as comic-book character Spider-Man to coax a frightened eight-year-old from a balcony, police said on Tuesday.
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FED: Rudd's personal popularity at near record levels
SYDNEY, March 24 AAP - Prime Minister Kevin Rudd's personal popularity has returned to near record levels, while opposition leader Malcolm Turnbull has lost support, according to the latest Newspoll.
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US: Officials check on plane overloading in US crash
BUTTE, Montana, March 23 AP - Investigators in the United States say they'll look into whether a single-engine turboprop plane was overloaded when it nose-dived into a cemetery and killed all 14 people on board, half of them children.
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European stocks close higher, London up 2.86 pct
European stocks surged on Monday .. after the announcement of a new plan to stabilise the US banking sector .. with London closing up 2.86 per cent .. Paris up 2.81 per cent .. and Frankfurt up 2.70 per cent.
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NT: Aboriginal actor David Gulpilil wants to take people hunting
Aboriginal actor DAVID GULPILIL hopes to swap movie sets for swamps.
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TAS: Top cop's criminal hearing begins today
Tasmania's suspended police chief faces court today .. charged with disclosing official secrets about a whistleblower's complaint to a premier and a police minister.
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US: Astronauts take third and final spacewalk
CAPE CANAVERAL, Florida, March 23 AP - Two astronauts have started the third and final spacewalk for shuttle Discovery's mission.
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US: Obama confident latest bank rescue plan will work
WASHINGTON, March 23 AP - US President Barack Obama says his team is "very confident" the latest bank rescue plan will work to free up credit.
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US: Treasury unveils public-private plan for toxic assets
The US Treasury has unveiled its long-awaited plan to buy up toxic assets clogging the financial system .. using government funds and Federal Reserve backing to attract private capital.
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US stocks leap after toxic asset plan unveiled
US stocks opened higher on Monday .. as the market cheered a long awaited government-private sector plan to clean up toxic assets clogging the balance sheets of banks.
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CAN: Canada's controversial seal hunt starts
Canada's annual seal hunt is under way .. amid continuing protests from animal rights activists and an international effort to ban imported seal products.
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FED: Australian students have hungry minds, grumbling stomachs
SYDNEY, March 24 AAP - More than 40 per cent of Australian kids start at least one school day every week on an empty stomach.
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NSW: 'Battered wife' admits hacking up husband's body with axe
SYDNEY, March 23 AAP - A Sydney woman who used an axe to hack up her husband's body lived in fear of her "oppressive and dangerous" partner, her lawyer has told the NSW Supreme Court.
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Fed: Labor seen as better equipped to handle most issues: survey
CANBERRA, March 23 AAP - The Rudd government is considered better equipped to handle most issues facing the country, although the coalition is still seen as the better manager of the economy - but only just.
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Aust economy forecast to contract in 2009, report says
SYDNEY, March 23 AAP - The Australian economy is forecast to contract through 2009 as slumping world trade and weakening Chinese economic activity hits local businesses, a report says.
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NSW: Chant admits to chopping up husband's body
SYDNEY, March 23 AAP - A Sydney woman admitted to hacking up her husband's body before disposing of it at various locations around NSW, a court has been told.
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Fed: Afghan war and global crisis feature in Rudd-Obama talks
Prime Minister KEVIN RUDD leaves for the United States today .. for his first face-to-face meeting with BARACK OBAMA.
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NSW: Call for NSW to follow SA's bikie gang legislation
New South Wales should follow South Australia's example and introduce tough legislation to dismantle criminal bikie gangs.
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Vic: Vic carbon cuts no help to national targets, report says
A confidential ministerial brief says the Victorian government's policies to cut carbon emissions will make no difference in achieving national greenhouse targets.
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Fed: Super funds need help to tackle climate change: institute
CANBERRA, March 23 AAP - The Climate Institute has called for investment reforms so superannuation funds can better manage the risks - and potential rewards - from climate change.
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"Virtually impossible" for Aust to avoid recession, says PM
CANBERRA, March 22 AAP - In his strongest language yet, Prime Minister Kevin Rudd has admitted it is "virtually impossible" for the Australian economy to avoid recession.
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Vic: Protest to be held over prayer rooms at university
MELBOURNE, March 22 AAP - Melbourne Muslim university students will protest on Monday, saying they are being sexually harassed and discriminated against due to a lack of prayer rooms.
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Vic: Man caught driving 80km/h over speed limit
MELBOURNE, March 22 AAP - Police have impounded a car after a 24-year-old man was caught driving more than 80km/h over the speed limit.
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NSW: Two injured, homes damaged in latest Sydney shooting
SYDNEY, March 22 AAP - Police are probing possible gangland links after another Sydney shooting in which two people were injured and several houses damaged.
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Vic: Poor IT system threatens Vic police files - report
MELBOURNE, March 22 AAP - Victoria Police's information system is so overwhelmed, underfunded and underprotected it risks a massive loss of data that could paralyse the force's operations, confidential documents show.
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Qld: Back to soul searching for LNP after election loss
BRISBANE, March 21 AAP - Queensland's Liberal National Party will look to a new leader as it laments an election result that by past standards was good, but not quite good enough.
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Qld: Hanson not sure about her political future
PAULINE HANSON says she isn't sure whether she wants to continue in politics after failing yesterday to be elected as member in the Queensland seat of Beaudesert.
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QLD: Bligh to announce new Qld cabinet line-up this week
BRISBANE, March 22 AAP - Queensland's triumphant Premier Anna Bligh will announce her new cabinet line-up this week after her historic election win, while the Liberal National Party (LNP) searches for a new leader.
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Fed: Filmmaker 100 per cent sure he's found Kingsford Smith
Sydney filmmaker DAMIEN LAY says he's 100 per cent certain he's found the final resting place of Australian aviation pioneer Sir CHARLES KINGSFORD SMITH .. off the coast of Burma.
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Qld: Hanson concedes defeat
BRISBANE, March 21 AAP - Pauline Hanson has conceded defeat in the Queensland seat of Beaudesert.
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Qld: Labor wins fifth term in Qld: senior party figures
BRISBANE, March 21 AAP - Senior party figures have declared Labor the victor in the Queensland state election.
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Qld: Labor to hold government - ABC's Green =3D 2
"I think we can say Labor is back," Mr Green said.
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