"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
Long-term joblessness to persist long after economic recovers
All House Harris News Articles are individually selected by The Editor
Main Feature Story
Global recession engulfs once booming economy
By Colin Brinsden, Economics Correspondent
21 Apr 2009 4:54 PM
CANBERRA, April 21 AAP - The global recession - the consequence of many Americans being unable to pay their highly-complex home loans two years ago - has claimed another victim ... us.
Reserve Bank of Australia (RBA) governor Glenn Stevens confirmed most economists' suspicions on Tuesday that the Australian economy is already in recession, for the first time since the early 1990s.
"Whether or not the next GDP statistic, which is due in early June, shows a further contraction, I think a reasonable person looking at all the information that we have available now would come to the conclusion that Australia too is in recession," Mr Stevens told a lunch in Adelaide on Tuesday.
A recession is normally defined as two consecutive quarters of negative growth. The December quarter gross domestic product (GDP) figures released last month showed the economy shrank 0.5 per cent, the first decline in eight years.
When the crisis broke, an Australian recession seemed inconceivable.
Regularly Updated News As It Arrives From The Editor
House Harris News
US: Top executive at US mortgage giant kills himself: reports
WASHINGTON, April 22 AFP/AP - A top of executive of the troubled US mortgage finance giant Freddie Mac was found dead in his Washington area home Wednesday of an apparent suicide, local media reported. More...
NSW:Triple zero operators apologise for mishandling teen's calls
Three triple-zero operators .. who bungled a series of calls from a dying schoolboy lost in the New South Wales Blue Mountains .. have apologised for their conduct. More...
Fed: Trial bionic eye could be just two years away
CANBERRA, April 22 AAP - A trial bionic eye could be just two years away after a $50 million funding injection from the federal government. More...
NSW: Protesters call for proposed NT waste dump to be scrapped
SYDNEY, April 22 AAP - Aboriginal elders and anti-nuclear protesters have targeted a global nuclear conference, calling for a proposed radioactive waste dump in the Northern Territory to be scrapped. More...
Qld: Qld unemployment could hit 10 per cent: Fraser
BRISBANE, April 22 AAP - Queensland Treasurer Andrew Fraser says he cannot rule out unemployment hitting 10 per cent as the state stands on the "cusp of recession". More...
SYDNEY, April 22 AAP - Underlying inflation remained high during the March quarter despite a slowdown in the headline rate and will have the central bank considering a pause on interest rates next month, economists say. More...
Twenty-nine asylum-seekers aboard the boat that exploded at Ashmore Reef last week cannot immediately seek refugee status. More...
Fed: Stevens says recession, Swan says we're being dragged down
Reserve Bank of Australia governor GLENN STEVENS says Australia's now in recession .. but Treasurer WAYNE SWAN's still holding back on conceding the point. More...
Fed: Police begin interviewing boat blast survivors
Police in Darwin have begun interviewing three people injured in last week's fatal blast aboard an asylum-seeker boat. More...
UN: UN meeting on racism adopts final declaration
A United Nations meeting on racism has adopted a final declaration against racism .. xenophobia and intolerance .. a day after an anti-Israel speech by Iran's president triggered a mass walkout. More...
US: Obama vows to pursue Iran diplomacy despite tirade
WASHINGTON, April 21 AFP - US President Barack Obama vowed on Tuesday to continue pursuing "tough, direct diplomacy" with Iran, despite the latest anti-Israel tirade by Iranian President Mahmoud Ahmadinejad. More...
US: Cyber spies breach US fighter-jet program: report
WASHINGTON, April 21 AFP - Computer spies have hacked into the Pentagon's costly program for a new fighter jet, a US newspaper reported on Tuesday, but the Defence Department said sensitive technology for the Joint Strike Fighter aircraft had not been compromised. More...
US: Mystery surrounds Somali pirate's personal life
MOGADISHU, Somalia, April 21 AP - At home in central Somalia, Abdiwali Abdiqadir Muse studied English, frequented a dusty, outdoor cinema after school where he watched Bollywood films dubbed into his native Somali and, his mother says, "was wise beyond his years." More...
EUR: Diplomats seek to salvage controversial UN racism meet
GENEVA, April 21 AFP - UN officials and diplomats striving to salvage a major anti-racism conference after an anti-Israel speech by Iran's president on Tuesday hailed its final declaration as a fitting response to Mahmoud Ahmadinejad's tirade. More...
US: NASA to beam planet's images for Earth Day
NASA is planning to broadcast high definition images of the planet taken from the International Space Station to mark Earth Day today. More...
EUR: World treasures go on-line in global digital library
PARIS, April 21 AFP - A global digital library allowing scholars and cybersurfers to scroll through such unique works as the 13th-century "Devil's Bible" and rare photos from the Ottoman empire was launched on Tuesday. More...
MID: Israel remembers Holocaust still seething over Iran
JERUSALEM, April 21 AFP - The wail of sirens brought Israel to a halt on Tuesday in solemn remembrance of six million Jews killed by the Nazis, with the nation seething over Iranian President Mahmoud Ahmadinejad's latest anti-Israel tirade. More...
Fed: Global recession engulfs once booming economy
CANBERRA, April 21 AAP - The global recession - the consequence of many Americans being unable to pay their highly-complex home loans two years ago - has claimed another victim ... us. More...
NSW: Man loses bid to change to reverse his murder guilty plea
SYDNEY, April 21 AAP - A former police employee has failed in a bid to reverse his plea of guilty to murdering his girlfriend, whose body has never been found. More...
Fed: Foxtel launches new web portal
SYDNEY, April 21 AAP - Foxtel boss Kim Williams says the pay TV provider will innovate more in the next 12 months than ever before as it makes content available on the web. More...
NSW: More than 50 bikies arrrested by Stike Force Raptor
SYDNEY, April 21 AAP - More than 50 outlaw motorcycle gang members have been arrested by NSW police since the formation of Strike Force Raptor. More...
Fed: Police begin interviewing boat blast survivors
CANBERRA, April 21 AAP - Police in Darwin have begun interviewing three people injured in last week's fatal blast aboard an asylum-seeker boat. More...
Fed: Rudd "washing hands" of responsibilty for recession - Oppn
SYDNEY, April 21 AAP - Prime Minister Kevin Rudd has washed his hands of responsibility by claiming a recession is inevitable because of overseas influences, Opposition Leader Malcolm Turnbull says. More...
PAC: Sound like a goat saves NZ man trapped in hopper
WELLINGTON, April 21 NZPA - A man trapped up to his neck in a hopper full of rocks at a New Zealand quarry was saved after he was heard bleating like a goat and workmates dug him out with their bare hands. More...
NSW: Driver dies after truck leaves freeway, plunges 20 metres
SYDNEY, April 21 AAP - A truck driver was killed when his semi-trailer crashed off the F3 freeway north of Sydney, bursting through a railing and plunging some 20 metres, an ambulance spokeswoman says. More...
PAC: NZ poll puts support for monarchy at 45 per cent
WELLINGTON, April 21 NZPA - New Zealanders still prefer the monarchy to becoming a republic but numbers are close, a new poll shows. More...
UN: Iran president triggers racism conference walkout
GENEVA, April 20 AFP - An international conference on racism fell into disarray on Monday as Iran's president launched a verbal onslaught against Israel, triggering a mass walkout and a furious rebuke from the head of the UN. More...
UK: British scientist Hawking 'very ill' in hospital: university
Cambridge University says British scientist STEPHEN HAWKING .. the author of A Brief History Of Time .. is very ill in hospital. More...
Vic: Inmates in violent detention centre protest
MELBOURNE, April 21 AAP - About 20 detainees have taken part in a violent protest at the Maribyrnong Immigration Detention Centre in Melbourne's west. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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