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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


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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I Really Don't Have Any Dosh
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 US captain's rescue raises stakes in piracy ops

KUALA LUMPUR, April 13 AP - The killing of three Somali pirates in the dramatic US Navy rescue of a cargo ship captain has sparked concern for other hostages and fears the stakes have been raised for future hijackings in the lucrative Indian Ocean shipping lane.

Sunday's rescue followed a raid at sea on Friday by French navy commandos, who stormed a pirate-held sailboat, the Tanit, killing two pirates and freeing four French hostages. The French owner of the vessel was killed in the assault.


Feature Story 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.

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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.

All House Harris News Articles are individually selected by The Editor
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.

Continued .....

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

Fed: 'Thousands' waiting in Indonesia to cross border: Debus
MELBOURNE, April 20 AAP - Thousands of asylum seekers are waiting in Indonesia to try to enter Australia illegally, Home Affairs Minister Bob Debus has warned.

NSW: 69-year-old man charged with shooting murder
SYDNEY, April 20 AAP - A 69-year-old man has been charged with the shooting murder of a 66-year-old man in northern NSW, police say.

EUR: UN chief decries boycotts at racism conference
GENEVA, April 20 AFP - UN chief Ban Ki-Moon decried Western boycotts of an anti-racism conference on Monday as others threatened to walk out if Iran's president uses anti-Semitic language at the event.

CBA raises rates on fixed rate mortgages by 20 to 45bps
The Commonwealth Bank says it'll raise its interest rates on fixed rate mortgages by between 20 basis points and 45 basis points from tomorrow.

FED: NT Police dismiss cover-up suggestions
DARWIN, April 20 AAP - Northern Territory Police have angrily attacked suggestions they are involved in a cover-up over the fatal explosion aboard a boat carrying asylum seekers off northwestern Australia last week.

NSW: Man accused of war crimes was a hero, defamation case told
SYDNEY, April 20 AAP - A man accused of being a war criminal was a "Serbian hero" whose life was ruined by an article in The Australian newspaper, a judge has been told.

US: Al-Qaeda's number two says Obama 'did not change anything'
WASHINGTON, April 20 AFP - The second-ranking leader of the Al-Qaeda network, Ayman al-Zawahiri, says in a new video that US President Barack Obama "did not change anything" in the Muslims' perception of the United States, Al-Qaeda monitors said on Sunday.

NSW: Two police injured during arrest scuffle
SYDNEY, April 20 AAP - Two Sydney policemen suffered facial injuries while trying to arrest a man at the scene of a violent domestic dispute.

US:Scientists plan greenhouses on the Moon
TUCSON, Arizona, AFP - Astronauts' meals have come a long way from the freeze-dried powders and semi-liquid pastes of decades ago: now US scientists want to grow vegetables in mini-greenhouses on the Moon.

Fed: Aust needs strategy to respond to China 'good or bad'
CANBERRA, April 20 AAP - Australia needs a flexible strategy that can deal with China as both a benign, responsible regime, and an aggressive and authoritarian superpower, a new study says.

Fed: Special forces may be honoured for counter-terrorism work
CANBERRA, April 20 AAP - A tribunal is set to examine whether special forces soldiers deserve recognition for counter-terrorism duties.

Fed: Liberal backbencher unaware of moves to oust Bishop
CANBERRA, April 20 AAP - Liberal backbencher Mitch Fifield says he is unaware of any moves within the Liberal Party to oust deputy leader Julie Bishop.

Vic: Bushfire victims can ask to be heard at Royal Commission
The head of the royal commission into Victoria's Black Saturday bushfires has sought to ease concerns that many survivors won't be allowed to have their say.

NSW: Men with bikie gang links charged after vehicle stop
Police say two men with alleged links to the Comancheros bikie gang have been charged after a search of one of their cars allegedly revealed a machete .. balaclavas .. duct tape and cannabis.

Fed: Aussie woman dies while walking Kokoda Track
CANBERRA, April 20 AAP - An Australian woman has died while walking the famous Kokoda Track in Papua New Guinea.

NSW: Keep up philanthropy, Rudd appeals to business
KEVIN RUDD has appealed to corporate Australia not to turn off the philanthropic tap .. despite the economic downturn.

AFR: NATO warships foil pirate attack
NAIROBI, April 19 AFP - NATO warships have foiled a pirate attack on a Norwegian tanker, catching up with the would-be hijackers after a seven-hour pursuit.

US: Obama to target wayward finance sector: Summers
WASHINGTON, April 19 AFP - With the recession-hit US economy still facing "substantial" downside risks, President Barack Obama is planning to rein in the wayward financial sector, which has been blamed for the economic meltdown, a top White House adviser says.

US: US economy still facing 'substantial risks': Summers
WASHINGTON, April 19 AFP - The US economy still faces "substantial" downside risks, President Barack Obama's chief economic adviser Larry Summers told NBC television on Sunday as a regional Americas summit wound down.

US: End of Cuba embargo 'way down the road': Obama aide
US President BARACK OBAMA'S top economic adviser says an end to the US economic embargo on Cuba is still a long way off .. despite an unprecedented thawing of rhetoric between the two countries.

Vic: Man killed while lying on road
MELBOURNE, April 19 AAP - Police are investigating the death of a man who was run over while lying in the middle of the road.

AFR: Pirates seize Belgian ship with 10 foreign crew
NAIROBI, Kenya, April 18 AP - Somali pirates attacked two ships off the Horn of Africa on Saturday, seizing one Belgian vessel carrying 10 crew.

US: Woman says she snooped at Spears' home for film
LOS ANGELES, April 18 AP - A woman arrested outside Britney Spears' home is a former `American Idol' hopeful who says she's making a paparazzi documentary.

Vic: Man left seriously injured after club brawl
MELBOURNE, April 18 AAP - Police are appealing for witnesses after a violent brawl at an inner-city nightspot left a man with serious facial injuries.

EUR: Extremist websites offer intelligence 'gold mine'
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.

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.

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.

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).

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.

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.

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.

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.

CBA CEO takes 10pct pay cut, staff 1.5pct pay rise =3D3 Melbourne
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.

Fed: CPI due next week, if anyone cares
CANBERRA, April 16 AAP - It really has become a non-entity.

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.

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.

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.

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.

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.

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.

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.

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.

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