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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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Feature Story 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.

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.

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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.

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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.

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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.

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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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All House Harris News Articles are individually selected by The Editor
Main Feature Story
Long-term jobless lessons of '90s recession

By Stephen Johnson 24 Apr 2009 2:29 PM

CANBERRA, April 24 AAP - Even as Australia sinks into recession for the first time in 18 years, one statistic is still overlooked by the daily news cycle - long-term unemployment.

The Australian Bureau of Statistics defines long-term unemployment as someone of working age who has been out of a job for 12 months or more.

These are people employers are reluctant to hire.

Their long absence from the workplace means they lose skills - and hope.

During an economic downturn it's the newly unemployed who are often put back to work first as the long-term jobless - some suffering from mental health problems - are overlooked for the few jobs available.

Prime Minister Kevin Rudd, Treasurer Wayne Swan and Reserve Bank governor Glenn Stevens all acknowledged this week that Australia was in recession.

Continued .....

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

ASIA: NKorea threatens to conduct nuclear test
SEOUL, April 29 AFP - North Korea threatened on Wednesday to conduct a second nuclear test and to test-launch a ballistic missile unless the United Nations apologises for condemning its recent rocket launch.
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NSW: Man who killed girlfriend on trial over 'impairment'
SYDNEY, April 29 AAP - A man who killed his estranged partner says he saw "strobing" images of family members in his mind while he did it, a Sydney court has heard.
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Latest snapshot of the swine flu crisis
A snapshot of the current swine flu situation.
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US: More US swine flu cases, hospitalisations: officials
WASHINGTON, April 28 AFP - Health officials confirmed 20 new cases of human swine flu in the United States on Tuesday, including an unspecified number of hospitalisations, as experts warned of a looming pandemic.
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FED: Scientists step closer to diabetes vaccine
SYDNEY, April 29 AAP - Australian scientists are a major step closer to developing a vaccine which could stop people at risk of Type 1 diabetes from developing the debilitating condition.
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Fed: 22 Aussie on flight with Kiwis who have swine flu: Roxon
It has taken health authorities three days to start searching for 22 Australians who were on the same flight as three New Zealand students who have swine flu.
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WA: Three people cleared, seven more tested in WA for flu virus
PERTH, April 28 AAP - Seven people in Western Australia are now awaiting the results of tests for suspected swine flu while another three have been cleared of carrying the virus.
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CAM: Swine flu crisis deepens
MEXICO CITY, April 28 AFP - The swine flu crisis deepened on Tuesday, with at least 16 countries far beyond worst-hit Mexico, including in Europe and Asia, reporting confirmed or suspected infections.
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Fed: Flu fears could drive petrol prices lower
CANBERRA, April 28 AAP - Motorists could see a five cent drop in petrol prices during the next fortnight as the global oil price falls on fears of a swine flu pandemic.
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NSW: Cable fault to blame for power outage
A faulty cable has caused a major blackout in Sydney city .. sparking the evacuation of hundreds of workers and causing traffic chaos.
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NSW: Police officer caught drink driving
SYDNEY, April 28 AAP - A Sydney police officer has been caught drink driving.
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NSW: Driver nabbed doing 163km/h in a 60km/h zone
SYDNEY, April 28 AAP - A driver has been clocked speeding almost three times above the limit on the Hume Highway in NSW's Southern Highlands, police say.
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Fed: Three flu sufferers isolated in Tasmania
The number of people in Tasmania who've been tested for the deadly swine flu has risen from two to three.
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NSW: Sydney's power supply an embarrassment - O'Farrell
SYDNEY, Apr 28 AAP - Sydney has been embarrassed again by a third-world power supply system, the NSW opposition says.
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EUR: Europe faces reality of swine flu outbreak
LONDON, April 27 AFP - Europe faced up to the reality of a trans-Atlantic outbreak of Mexican swine flu Monday after two patients tested positive in Scotland following an initial case confirmed in Spain.
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UK: Two cases of swine flu confirmed in Scotland
Two people have tested positive for swine flu in Scotland.
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US: Clinton says US ready to lead on climate change
Secretary of State HILLARY CLINTON says the United States is ready to lead .. and make up for lost time .. in the fight against climate change .. as she opened an international forum in Washington.
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SAM: Seven new suspected swine flu deaths in Mexico
Mexican health officials say another seven people are believed to have died from swine flu.
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UK: French students murdered in 'inhuman' attack in London
LONDON, April 27 AFP - Two French students were murdered in an attack of "brutal and sustained ferocity," leaving a scene of almost unimaginable horror after a botched burglary, a London court heard on Monday.
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Vic: Man sues policeman, alleging cop drew gun as fire raged
MELBOURNE, April 27 AAP - A man has alleged a policeman drew his service revolver on him as he tried to get back to his home during the Black Saturday bushfires.
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NSW: Unemployment and mortage defaults increasing quickly in NSW
SYDNEY, April 28 AAP - The number of unemployed people in parts of Sydney has almost doubled in the space of a year, while one in 16 homeowners are defaulting on their mortgages.
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Fed: Jobless rate likely to soar as Rudd faces voters: Access
A leading economic forecaster has warned the unemployment rate is set to soar beyond eight per cent by the end of next year .. when Australia's due to face its next federal election.
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EUR: Virus has bird, pig, human components: farm trade watchdog
PARIS, April 27 AFP - The top agency for health in farm animals on Monday said Mexico's outbreak of deadly influenza was unleashed by a pathogen mixed from bird, human and hog viruses and branded the term "swine flu" as wrong and harmful to pig farmers.
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FED: Swine flu not the next "killer" Spanish flu: expert
SYDNEY, April 27 AAP - Despite its rapid spread, an expert says swine flu will "not be like the big killer, the Spanish Flu" which claimed 50 million lives.
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NSW: Five people being tested for swine flu in NSW
SYDNEY, April 27 AAP - Five people in NSW will be tested for swine influenza, with the results expected by the week's end, NSW Health says.
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EUR: WHO tries to come up with swine flu plan
GENEVA, April 26 AP - The World Health Organisation tried to determine on Sunday how to battle a deadly new strain of swine flu, holding teleconferences with staff and flu experts around the world as countries from New Zealand to France reported suspected cases.
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MID: Israeli man hospitalised on suspicion of flu: hospital
A 26-year-old Israeli man has been hospitalised after returning from a trip to Mexico on suspicion of contracting swine flu.
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Fed: Tasmania acts over swine flu threat
HOBART, April 26 AAP - Tasmania has activated an emergency health committee to deal with the deadly swine flu.
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Fed: Australians caught in cruise ship piracy bid off Somalia
MELBOURNE, April 26 AAP/AFP - Seventy-four Australians are among more than 1,500 people caught up in the failed hijack of an Italian cruise ship in the Indian Ocean.
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EUR: Leftists win Iceland vote as crisis sinks conservatives
REYKJAVIK, April 26 AFP - Iceland's left-wing government won this weekend's snap general election as voters punished the conservatives they blame for the country's economic meltdown seven months ago.
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EUR: Two suspected cases of swine flu in France: official
PARIS, April 26 AFP - French health authorities have found two suspected cases of swine flu in travellers returning from Mexico and others are expected to follow, the top health official said in an interview on Sunday.
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NZ: Ten students 'likely' to have swine flu
WELLINGTON, April 26 NZPA - Ten New Zealand students are likely to have contracted swine flu, testing has found.
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Fed: Top doc tells Aussies not to panic about swine flu
CANBERRA, April 26 AAP - The nation's top doctor has urged people to be vigilant but not alarmed in response to news a deadly swine flu that appeared in Mexico may have have reached Australia's doorstep.
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Fed: Top doc tells Aussies not to panic about swine flu
Australia's top doctor has urged people to be vigilant but not alarmed at news a deadly swine-flu outbreak in Mexico could have reached our doorstep.
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US: Obama still sky-high in US polls
BARACK OBAMA is still popular with US voters .. as he closes in on 100 days in office.
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Fed: Rudd govt too slow in response to pig-flu pandemic threat: Greens
CANBERRA, April 26 AAP - The federal government has been too slow in responding to the swine-flu outbreak in Mexico and the United States, which has the potential to spiral into a pandemic, the Greens say.
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Fed: Health experts meet to respond to swine-flu threat
Australian health authorities are in talks to decide how best to protect the country from a pig flu outbreak that's killed up to 81 people in Mexico.
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EUR: Swine flu outbreak is 'public health emergency': WHO
A swine flu outbreak that's killed dozens in Mexico and sickened a thousand more has world health authorities warning of an international public health emergency.
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US: US confirms two more cases of swine flu
WASHINGTON, April 25 AFP - Health authorities in the central US state of Kansas confirmed two cases of swine flu on Saturday, bringing the total number of cases in the United States to at least 10.
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NSW: Police search for killer of man gunned down at party
Police are searching for the killer of a man who was gunned down at a 21st party in Sydney's west last night.
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JPN:Communist party surges as Japan's economy withers
(With AP Photos NY301-302)
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Qld: Seven injured in bonfire tragedy
Seven people suffered burns when paint thinner was poured on a bonfire that exploded at a house party southwest of Brisbane last night.
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