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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 jobless lessons of '90s recession

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.


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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
US economy leads the way downhill with Aust close behind

By Garry Shilson-Josling, AAP Economist 30 Apr 2009 4:47 PM

SYDNEY, April 30 AAP - Now is a good time to remind yourself that the past two years, when economic growth in Australia outpaced growth in the United States, were out of the ordinary.

In the past decade Australia has shown tantalising signs of shrugging off its historical tendency to mimic the ups and downs in the US economy.

In 2001, when the US was trapped in the wreckage of the tech stock crash and posted gross domestic product (GDP) growth of just 0.2 per cent, Australia's racked up an above-trend 4.1 per cent expansion.

It was much the same in 2007 as the collapsed housing market slowed the US to a crawl while the commodities boom pushed Australia along.

But these periods of divergence are outliers, exceptions to the rule despite the emergence of Japan, Korea and China as more significant export destinations.

Those three economies, like Australia's other trading partners, are still part of an international economy with the US at its centre.

Continued .....

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

NSW: Police uncover cache of military weapons, police uniforms
SYDNEY, May 1 AAP - An arsenal of military weapons, bulletproof vests and police uniforms have been uncovered in a raid on a Sydney unit linked to outlaw bikie gangs, police say.

Fed: Govt must not fail pensioners after cash splash: Nelson
CANBERRA, May 1 AAP - It will be an "obscenity" if the Rudd government fails to deliver a minimum $30-a-week increase to single aged pensioners in the May 12 budget, Brendan Nelson says.

EUR: Germany confirms first case of flu transmission
BERLIN, May 1 AP - Germany's Health Ministry has confirmed the first case of swine flu transmission within the country.

Fed: Australia's spying ability relates to submarine capability
SYDNEY, May 1 AAP - Australia's ability to spy on its Asian neighbours relates directly to its submarine capability, former defence minister Kim Beazley says.

Vic: Romanian arrested, charged over ATM skim scam
MELBOURNE, May 1 AAP - A Romanian man has been arrested at a Melbourne hotel by police investigating ATM card skimming.

NSW: 77 NSW swine flu suspects isolated, given Tamiflu
SYDNEY, May 1 AAP - Anti-viral drugs have been given to 77 people awaiting test results for swine flu in NSW, and all have been asked to stay indoors.

Fed: Young people could turn to crime and prostitution
CANBERRA, May 1 AAP - Under the federal government's "earn or learn" compact, young people could turn to crime and prostitution to make ends meet, one of the nation's largest welfare organisations warns.

Qld: Police searching for swine flu flight passengers
BRISBANE, April 30 AAP - Police have been called in to help search for two passengers who shared a flight with New Zealand schoolchildren carrying the deadly swine flu virus, as 21 Queenslanders await the results of tests.

NSW: I care about infrastructure, not polls: Rees
SYDNEY, April 30 AAP - NSW Premier Nathan Rees insists his attention is squarely on fixing NSW infrastructure, not repairing his standing in opinion polls.

WA: Possible swine flu case in WA
A West Australian adult's being treated for possible swine flu .. after it was revealed they travelled on the same flight as three New Zealanders who contracted the potentially fatal virus.

NSW: 85 suspect cases in NSW, many more concerned calls
Health authorities say they have been inundated with people concerned about swine flu .. with 85 suspected cases of the illness currently in New South Wales being tested.

US economy leads the way downhill with Aust close behind
SYDNEY, April 30 AAP - Now is a good time to remind yourself that the past two years, when economic growth in Australia outpaced growth in the United States, were out of the ordinary.

MID: 46 killed as bombs rip through Baghdad
BAGHDAD, Iraq, April 29 AFP - A wave of near-simultaneous bombs ripped through crowded Baghdad markets and a packed minibus on Wednesday, killing 46 people including women and children out shopping, officials said.

US: NKorea isolates itself further with nuclear test threat: US
WASHINGTON, April 29 AFP - The United States warned North Korea that it is deepening its international isolation with its threats on Wednesday to carry out a second nuclear test.

MID: Egypt orders immediate slaughter of all pigs
CAIRO, April 29 AFP - Egypt on Wednesday ordered the immediate cull of all pigs in the country as a precaution against swine flu, Health Minister Hatem al-Gabali said, in the first such move in the world.

EUR: How the flu virus works
PARIS, April 29 AFP - The influenza virus is a tiny, redoubtable foe that survives by stealth and sheer numbers.

FED: Australian researchers move closer to universal flu vaccine
Australian scientists are a step closer to creating a universal flu vaccine .. which could offer protection against seasonal flu as well as unforeseen outbreaks like the swine flu.

PAC: NZ Tamiflu counter sales undermine containment
WELLINGTON, April 30 NZPA - Allowing Tamiflu to be sold direct to people who present at a New Zealand pharmacy with flu symptoms undermines efforts to contain the illness, pharmacists say.

PAC: ESA satellite images show ice shelf breaking away
BERLIN, (AP) - New satellite images from the European Space Agency show massive amounts of ice are breaking away from an ice shelf on the western side of the Antarctic Peninsula, researchers said Wednesday.

UK: Guitar legends turn to graffiti to help Brazilian kids
LONDON, April 29 AFP - Guitar legends Jimmy Page and Brian May are joining forces with leading street artists to lend support to Brazil's poorest children.

Fed: Asylum seekers on Christmas Island receive payments
Figures have been released on how much it's costing to keep asylum seekers in detention on Christmas Island.

FED: Rudd's Afghanistan strategy strategically incoherent: White
A leading defence analyst says the federal government's decision to boost troop numbers in Afghanistan is strategically incoherent and doomed to failure.

US: Obama thanks Rudd for troop boost in Afghanistan
WASHINGTON, April 29 AFP - US President Barack Obama called Australian Prime Minister Kevin Rudd to thank him for boosting his country's troop commitment in Afghanistan, the White House said on Wednesday.

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.

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.

Latest snapshot of the swine flu crisis
A snapshot of the current swine flu situation.

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.

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.

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.

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.

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.

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.

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.

NSW: Police officer caught drink driving
SYDNEY, April 28 AAP - A Sydney police officer has been caught drink driving.

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.

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.

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.

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.

UK: Two cases of swine flu confirmed in Scotland
Two people have tested positive for swine flu in Scotland.

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.

SAM: Seven new suspected swine flu deaths in Mexico
Mexican health officials say another seven people are believed to have died from swine flu.

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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