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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 Obama leads world condemnation of North Korea

PRAGUE, April 5 AFP - US President Barack Obama led global condemnation of North Korea's rocket launch on Sunday, calling it "a provocative act" for which Pyongyang must be punished.

South Korea said it was "reckless" and put its armed forces on heightened alert, as did Japan. China and Russia pleaded for restraint as the UN Security Council was summoned to an emergency session in New York later on Sunday.

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Feature Story World stocks skyrocket after G20 summit boost

LONDON, April 2 AFP - Global stocks shot up on Thursday amid greater optimism following a G20 summit in London that boosted efforts to save the world economy and after an uptick in US manufacturing orders.

On Wall Street, the Dow Jones Industrial Average rose 3.45 per cent and the tech-heavy Nasdaq index was up 3.83 per cent at 1600 GMT.

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Feature Story Rain too much, too soon, says Coffs mayor

SYDNEY, April 1 AAP - Too much, too quick and too soon after February's devastating floods - that's how Coffs Harbour mayor Keith Rhoades describes the latest deluge.

The regional hub on the NSW mid-north coast is mopping up after torrential rain completely isolated the town.

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Feature Story 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.

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

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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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All House Harris News Articles are individually selected by The Editor
Main Feature Story
Jobless rate hits 5-year high and worse to come - economists

By Ed Logue 09 Apr 2009 3:49 PM

SYDNEY, April 9 AAP - Australia has posted the largest monthly jump in unemployment in 18 years, as the global downturn hits the local economy.

The nation's jobless rate rose 0.5 percentage points in March to 5.7 per cent, a five-and-a-half year high, Australian Bureau of Statistics (ABS) data on Thursday showed.

It was the biggest monthly jump in the rate of unemployment since July 1991, when Australian economy was in recession.

Economists said the resilience of the local labour market has cracked, and will force the Reserve Bank of Australia (RBA) to lower interest rates again later this year.

Since the jobless rate touched a 33-year low of 3.9 per cent in February 2008, the number of Australians joining the unemployment queue has risen by 213,900 to 650,900, an increase of 49 per cent.

Deputy Prime Minister Julia Gillard said the flow on effect of the global recession meant that domestic unemployment would be higher than the government previously forecast.

Continued .....

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

QLD: Prayers for Bali Nine death row
GOLD COAST, April 10 AAP - The family of convicted drug mule and Bali Nine member Scott Rush have continued hope he will be spared the death penalty.
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Vic: Police try to piece together stabbing clash
MELBOURNE, April 10 AAP - Police are trying to piece together what happened during a confrontation in which two men were stabbed in Melbourne's western suburbs.
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FED: Australia, US to lay path for nuclear disarmament
Australia and the United States will use high-level security talks in Washington to pursue their shared goal of ridding the world of nuclear weapons.
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EUR: Global computer virus begun mutating, German agency warns
BONN, Germany, April 9 DPA - A computer virus which has spread worldwide began mutating overnight, German government computer experts have warned.
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MID: Iran says 7,000 centrifuges at uranium enrichment plant
ISFAHAN, Iran, April 9 AFP - Iran's atomic chief Gholam Reza Aghazadeh on Thursday declared the Islamic republic has installed around 7,000 centrifuges at its Natanz uranium enrichment facility.
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MID: Ahmadinejad opens Iran's first nuclear fuel plant
ISFAHAN, Iran, April 9 AFP - President Mahmoud Ahmadinejad on Thursday inaugurated Iran's first nuclear fuel plant, marking a major breakthrough in the Islamic republic's controversial atomic program.
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Aust stocks close higher after gains from miners, financials
MELBOURNE, April 9 AAP - The Australian stock market closed stronger after gains from the big miners, financials and energy stocks amid the largest monthly jump in unemployment since the 1991 recession.
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Jobless rate hits 5-year high and worse to come - economists
SYDNEY, April 9 AAP - Australia has posted the largest monthly jump in unemployment in 18 years, as the global downturn hits the local economy.
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NSW: Fourth teacher charged in school sex scandal
A fourth teacher charged over a sex scandal at a prestigious Sydney's boys school .. is expected to face Hornsby Local Court today.
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UK: Harry Potter actor arrested over cannabis find: police
LONDON, April 8 AFP - A 19-year-old actor from the Harry Potter films has been arrested after police allegedly found cannabis in his car and his mother's home, reports and Scotland Yard said.
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St George cuts standard variable home loan rate by 10bps
St George Bank has cut its standard variable home loan interest rates by 10 basis points.
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St George cuts standard variable home loan rate by 10bps
SYDNEY, April 8 AAP - St George Bank has cut its standard variable home loan interest rates by 10 basis points.
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Oil below $50, rally loses steam as stocks fall
Oil below $50, rally loses steam as stocks fall
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EUR: A miraculous rescue and stunned survivors after Italy quake
L'AQUILA, Italy, April 7 AFP - A 98-year-old woman Tuesday made it out alive, crocheting under rubble while waiting for rescuers, as others in this quake-hit Italian city sought to come to grips with death and devastation.
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US: Police detain pilot after chase by US fighter jets
WASHINGTON, April 7 AFP - The Canadian pilot of a stolen Cessna plane who led US fighter jets on a chase across several states was in custody on Tuesday amid allegations he had tried to get shot down.
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WA: Scientist's Explore Time Capsule Caves
A team of scientists is preparing to journey millions of years into Australia's pre-history.
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FED: Overconfidence a factor in high male drowning rate
SYDNEY, April 8 AAP - Men often hold inflated views about their abilities in the surf, which could explain why they account for most deaths at Australian beaches.
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Tas: Man dies in tractor rollover
A man's dead after he was crushed by a tractor on a farm in Tasmania's northeast.
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WA: Scientist's Explore Time Capsule Caves
PERTH, April 7 AAP - A team of scientists is preparing to journey millions of years back into Australia's pre-history.
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Fed: Actors and fans get ready for Star Trek world premiere
SYDNEY, April 7 AAP - Trekkies around the globe might not like it, but the cast of Star Trek couldn't be happier the film is launching in Sydney.
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EUR: Radio gaga: German DJ breaks world endurance record
A German DJ has broken the world record for the longest continuous radio show .. when he finished his morning program yesterday .. more than a week after beginning it.
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EUR: World leaders offer sympathy, aid, to quake-hit Italy
PARIS, April 6 AFP - World leaders expressed their sympathy Saturday for victims of the deadly earthquake that killed more than 90 people in central Italy, and queued up to offer aid.
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EUR: More than 1,500 injured in Italy quake: Berlusconi
L'AQUILA, Italy, April 6 AFP - At least 1,500 people were injured in the earthquake that struck central Italy, Italian Prime Silvio Berlusconi said, vowing that "no one will be abandoned to their fate".
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ASIA: Italy quake toll rises to 40: report
ROME, April 6 AFP - The death toll from the earthquake that struck central Italy on Monday rose to 40, Italian media said, warning that the toll would continue to rise.
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EUR: At least 27 dead in Italy quake
L'AQUILA, Italy, April 6 AFP - A powerful earthquake has torn through central Italy devastating a historic mountain town and killing at least 27 people, authorities say.
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EUR: At least 27 dead in Italy quake: Ansa
ROME, April 6 AFP - At least 27 people were killed in the Italian earthquake on Monday, according to a new provisional toll reported by ANSA news agency.
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Big four profits won't be hurt by mortgage relief agreement
SYDNEY, April 6 AAP - The profits of the major banks are unlikely to be hurt by their agreement to provide extensions for mortgage repayments for borrowers who lose their jobs, according to analysts.
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Qld: Solar systems to slash power bills
About 200-thousand Queensland households will have access to cheap .. hot water systems under a plan by the state government.
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JB Hi-Fi to cash-in on stimulus handout
SYDNEY, April 6 AAP - Electronics retailer JB Hi-Fi Ltd and furniture and electrical goods seller Harvey Norman Holdings Ltd are two companies expected to cash in on bonus cash payments being handed out to taxpayers.
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NSW: Brother pleads guilty to manslaughter over barking dog killing
SYDNEY, April 6 AAP - The brother of a Sydney woman convicted of murdering a neighbour after he complained about her barking dog has pleaded guilty to manslaughter over the same killing.
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Vic: Another alleged victim comes forward in teacher sex case
MELBOURNE, April 6 AAP - Another alleged victim has come forward in the case of a Victorian music teacher facing hundreds of charges of sex offences against girls.
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NBN announcement just the beginning of a long process
SYDNEY, April 6 AAP - The federal government's long-awaited announcement on the future of its national high-speed broadband project this week is likely raise as many questions as it answers.
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Fed: Work on thousands of projects to start within weeks
Work on thousands of school improvement projects could start within weeks .. as the federal government begins handing over nearly 830 million dollars in stimulus funding to the states and territories.
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EUR: US to pursue missile shield: Obama
PRAGUE, April 5 AFP - US president Barack Obama says he will proceed with a planned missile defence shield in central Europe despite Russian objections, saying Iran remained a real threat.
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EUR: Obama pledges US lead on climate change
PRAGUE, April 5 AFP - President Barack Obama says the United States is ready to take the lead in tackling climate change, as EU leaders push him to follow their ambitious targets to combat global warming.
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US: Fight over urinating dog led to police deaths
PITTSBURGH, April 5 AP - An ambush that resulted in the shooting deaths of three Pittsburgh policemen was precipitated by an emergency call from the gunman's mother over a dog urinating in the house.
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EUR: Obama leads world condemnation of North Korea
PRAGUE, April 5 AFP - US President Barack Obama led global condemnation of North Korea's rocket launch on Sunday, calling it "a provocative act" for which Pyongyang must be punished.
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EUR: Ambitious Obama seeks nuclear-free world
PRAGUE, April 5 AFP - US President Barack Obama pledged on Sunday to lead a quest for a world purged of nuclear weapons, denouncing "fatalism" over proliferation and calling for North Korea to be punished for its rocket launch.
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US: UN Security Council to meet over NKorean rocket launch
UNITED NATIONS, April 5 AFP - The UN Security Council was to meet in emergency session later on Sunday at the request of Japan and the United States to discuss what Washington and Seoul described as North Korea's "provocative" long-range rocket launch.
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FED: Aust "deeply concerned" by missile launced
Australia's urging the United Nations Security Council to consider taking action against North Korea .. following the launch of a long-range rocket today.
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Fed: Rudd rolls out Struggle Street financial assistance package
MELBOURNE, April 5 AAP - Prime Minister Kevin Rudd has outlined a deal giving people who find themselves out of work some reprieve from the financial burdens of housing and car loans.
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Fed: Rudd rolls out Struggle St financial assistance package =3D2
At a Council of Australian Governments (COAG) meeting later this month, the federal government will propose that every Australian under the age of 25 is guaranteed access to a school, training or higher education place.
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