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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 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.

It has long been known that demand for labour waxes and wanes in response to changes levels of production of goods and services.


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.

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.

Continued .....

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

FED: Aust can expect more boats carrying Sri Lankans: Smith
Foreign Minister STEPHEN SMITH says there's a significant risk that more boatloads of displaced Sri Lankans will arrive on Australia's shores in the coming months.

Gulf: Iran says ready for 'constructive' nuclear dialogue
TEHRAN, April 22 AFP - Iran is ready for "constructive dialogue" with world powers on its nuclear drive, local news agencies on Wednesday quoted chief nuclear negotiator Said Jalili as saying.

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.

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.

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.

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.

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".

Headline inflation slows yet RBA rate cuts to wane - economists
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.

Fed: 29 boat survivors denied immediate refugee applications
Twenty-nine asylum-seekers aboard the boat that exploded at Ashmore Reef last week cannot immediately seek refugee status.

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.

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.

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.

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.

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.

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."

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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