"Possessing opinions is like possessing fish, assuming one has a fish pond. One has to go fishing and needs some luck - then one has one's own fish, one's own opinions. I am speaking of live opinions, of live fish. Others are satisfied if they own a cabinet of fossils - and in their heads, "convictions". - Friedrich Nietzsche
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.
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.
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.
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).
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.
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
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
US captain's rescue raises stakes in piracy ops
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Main Feature Story
Long-term joblessness to persist long after economic recovers
By Garry Shilson-Josling, AAP Economist
16 Apr 2009 5:27 PM
SYDNEY, April 16 AAP - Long after the recession has ended, consumers have resumed spending and businesses are investing once again, one group will be left behind - the long-term unemployed.
It has long been known that demand for labour waxes and wanes in response to changes levels of production of goods and services.
The typical delay - or lag - is generally thought to be around six months but can extend to a year or so, especially during periods of strong economic growth and labour shortages.
But during recessions the lag seems to shorten to about one or two quarters.
The current slump fits that pattern.
The peak rate of employment growth, 29,900 per month on a trend basis according to Australian Bureau of Statistics (ABS) data, was in December 2007.
EL ESCORIAL, Spain, April 17 AFP - Western governments are increasingly unwilling to close or filter extremist websites, viewing them instead as an intelligence "gold mine" on terrorist activities, experts say. More...
FSU applauds CBA's offshoring commitment, pay rise not enough
MELBOURNE, April 17 AAP - Commonwealth Bank of Australia (CBA) has bowed to community pressure over excessive managerial incomes, announcing a pay cut to the salary package of its chief executive. More...
Fed: Final outcomes of blast probe will take months: NT police
DARWIN, April 17 AAP - Police say it will be months before they release the formal findings of an investigation into the fatal blast that killed and injured asylum seekers in Australian waters. More...
Fed: Five asylum seekers critical in RPH
PERTH, April 17 AAP - Five asylum seekers injured in an explosion aboard an asylum seekers' boat are in a critical condition in Royal Perth Hospital (RPH). More...
NT: Taser death in Northern Territory
DARWIN, April 17 AAP - An Alice Springs man has died in police custody after both capsicum spray and a Taser were used to restrain him when police attended a domestic dispute. More...
NT: Boat explosion 'horrific': navy officers
Navy officers have described the scene of an explosion .. in which 47 suspected asylum seekers and two crew were thrown into northern Australian waters .. as horrific. More...
NSW: No penalty for son who helped mum dispose of body parts
SYDNEY, April 17 AAP - For more than 15 years, Jamie Chant believed he was the reason his mother shot dead his violent father before hacking off his arms, legs and head. More...
Fed: Hunger striker collapses outside DFAT
CANBERRA, April 17 AAP - A hunger striker has collapsed unconscious outside the foreign affairs headquarters in Canberra after leading a 3,000-strong protest against Sri Lanka's treatment of its Tamil ethnic minority. More...
MELBOURNE, April 17 AAP - Commonwealth Bank of Australia (CBA) Ltd chief executive Ralph Norris will take a 10 per cent cut to his base salary of $3.12 million from July 1, the bank says. More...
Fed: CPI due next week, if anyone cares
CANBERRA, April 16 AAP - It really has become a non-entity. More...
Personal bankruptcy filings just shy of record high
SYDNEY, April 17 AAP - Amid rising debt and unemployment, the number of filings for personal bankruptcy is just shy of a record, says a government agency. More...
EUR: Hitler paintings go under the hammer in Germany: report
BERLIN, April 16 AFP - Two signed watercolours by Adolf Hitler are set to be sold later this month at auction in Nuremberg in southern Germany, scene of the Nazi war crimes trials, a local newspaper reports. More...
EUR: Over 50 nations want to build nuclear plants: report
VIENNA, April 16 AFP - More than 50 nations are in talks with the UN atomic watchdog to build nuclear power plants, a twofold increase over the last four years, a top agency official says. More...
EUR: US soldier gets life for murder of prisoners in Iraq
VILSECK, Germany, April 16 AFP - A senior US soldier has been jailed for life for the murder of four bound and blindfolded prisoners in Iraq, a court martial in Germany says. More...
Fed: Investigation already underway into cause of boat explosion
DARWIN, April 16 AAP - Investigations are already underway into the "manner and cause" of the explosion that killed at least three suspected asylum seekers on a boat off the northern coast of Australia, Northern Territory police say. More...
Long-term joblessness to persist long after economic recovers
SYDNEY, April 16 AAP - Long after the recession has ended, consumers have resumed spending and businesses are investing once again, one group will be left behind - the long-term unemployed. More...
EUR: Greek cargo ship released by Somali pirates: ministry
ATHENS, April 15 AFP - Somali pirates have released a Greek cargo ship with a 24-man crew seized on March 19 in the Gulf of Aden, the Greek merchant marine ministry says. More...
EUR: French warship captures 11 pirates off Kenya: ministry
PARIS, April 15 AFP - A French warship patrolling waters off East Africa as part of an EU anti-piracy force has intercepted a pirate "mother ship" and arrested 11 gunmen, the French defence ministry says. More...
MID: Radar reveals possible sites of Cleopatra's Egypt tomb
CAIRO, April 15 AFP - Archaeologists searching for the tomb of Cleopatra and Marc Anthony may be closer to locating the burial site of the legendary lovers, Egypt's antiquities council says. More...
EUR: Greek cargo ship released by Somali pirates: ministry
ATHENS, April 15 AFP - Somali pirates have released a Greek cargo ship with a 24-man crew seized on March 19 in the Gulf of Aden, the Greek merchant marine ministry says. More...
EUR: French warship captures 11 pirates off Kenya: ministry
PARIS, April 15 AFP - A French warship patrolling waters off East Africa as part of an EU anti-piracy force has intercepted a pirate "mother ship" and arrested 11 gunmen, the French defence ministry says. More...
Tas: Boy dies after he was ejected from crashed car
An unrestrained two-year-old boy has died after he was ejected from a car as it crashed in Tasmania's northwest. More...
AFR: Rocket attack on American ship "revenge" for US rescue
MOGADISHU, April 15 AFP - Somali pirates attacked an American freighter with rockets to "destroy" the ship in revenge for an operation that freed a US captain last weekend, one of their commanders said on Wednesday. More...
NSW: More than 1,500 Sydney homes lose power
SYDNEY, April 15 AAP - More than 1,500 homes on Sydney's northern beaches were blacked out for about half an hour by a power cut, Energy Australia says. More...
NSW: Bandana bandit fires shot inside post office
SYDNEY, April 15 AAP - A bandana-wearing bandit has fired a shot inside a Sydney Post office after threatening staff and stealing cash, police say. More...
Leading index shows economic slump following typical pattern
SYDNEY, April 15 AAP - The Westpac - Melbourne Institute leading index shows the economy is being assaulted by the usual suspects. More...
Consumers suffer worst wealth loss since 1960
CANBERRA, April 15 AAP - Australia may face a recession less damaging than the one in the early 1990s, but so far households have suffered their worst loss of wealth in almost 50 years. More...
QLD: Police hunt for syringe bank robbers
GOLD COAST, April 15 AAP - Gold Coast businesses have been told to stay alert after a spike in robberies, including a frightening assault on a bank manager forced to rob his own bank. More...
MID: Russia not supplying air defence systems to Iran: official
MOSCOW, April 15 AFP - Russia is not currently implementing its planned sale of sophisticated S-300 air defence systems to Iran, a top official with the state office for arms sales told Interfax on Wednesday. More...
Qld: Oppn says it remains opposed to alcopop tax hike
BRISBANE, April 15 AAP - The federal opposition says it will back laws validating collection of the alcopops tax to date, but continues to oppose boosting the tax rate. More...
Vic: Police hunt meat cleaver attacker
MELBOURNE, April 15 AAP - A savage meat-cleaver attack that left a Melbourne man fighting for his life could have involved a case of mistaken identity. More...
NSW: Police probe bikie links to brazen Sydney car theft
SYDNEY, Feb 14 AAP - Gang squad detectives are investigating links between bikie gangs and the violent theft of 12 cars worth half a million dollars from a western Sydney car yard. More...
NSW: Three men arrested over car loan scam
SYDNEY, April 15 AAP - Three men have been charged over an alleged car loan scam police believe is linked to a major Sydney crime syndicate. More...
US: Obama leaves Republicans biting dust on economy: polls
WASHINGTON, April 14 AFP - Americans have twice as much faith in President Barack Obama's handling of the economy than they do in Republican plans to end the recession, according to polls published this week. More...
AFR: Somali pirates hijack 4 ships, take 60 hostages
MOMBASA, Kenya, April 14 AP - Somali pirates captured four more ships and took more than 60 crew members hostage in a brazen hijacking spree, while the American captain who escaped their grip planned to reunite with his crew and fly home on Wednesday to the Unites States. More...
NSW: NSW push to stop bikies running companies
Bikie gang members would be prevented from holding company directorships under a push by the NSW government to change federal legislation. More...
MID: Scientist: First cloned camel born in Dubai
DUBAI, United Arab Emirates, AP - A scientist says the world's first cloned camel has been produced in the desert emirate of Dubai. More...
US: 'Glimmers' of hope, but US not out of woods: Obama
WASHINGTON, April 14 AFP - US President Barack Obama says he sees "glimmers of hope" as America battles the deepest economic slump in generations but warned of painful choices and more deep job cuts to come. More...
FED: Most smokers would try to quit if prices were hiked: poll
SYDNEY, April 15 AAP - Raising the cost of a packet of cigarettes by half would prompt the vast majority of smokers into trying to quit, a poll shows. More...
ASIA: Thailand declares two-day holiday after protests
Thailand's government says it'll extend a three-day local New Year holiday for two more days after protesters abandoned violent demonstrations. More...
ASIA: Thai police issue warrants for 14 including former PM
BANGKOK, April 14 AP - A Bangkok court has issued arrest warrants for 14 protest leaders, including deposed Prime Minister Thaksin Shinawatra, who is in exile. More...
Seeking writer to do opinion