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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 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Declining jobs trend to produce some surprisingly big falls

By Garry Shilson-Josling, AAP Economist 04 May 2009 5:28 PM

SYDNEY, May 4 AAP - The trend in employment will turn downward with "rogue" figures showing very steep monthly falls will grow more frequent.

At last measure in March the trend measure of the number of people with jobs estimated by the Australian Bureau of Statistics (ABS) was falling at 5,000 per month.

If that kept up for a full year it would mean an annual rate of decline of about 60,000 or 0.6 per cent.

But with gross domestic product (GDP) contracting, that downward slope will steepen.

Even if GDP flatlines over the coming year, without contracting further, it would be more than three percentage points slower than the long term average growth rate.

That in turn would imply employment growth somewhere around the same margin below its long term average of around 1.7 per cent per annum.

Continued .....

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

FED: Swine flu sparks bogus online drug sales
SYDNEY, May 6 AAP - Australians are being warned not to fall prey to internet scammers trying to cash in on fears about swine flu.

FED: Swine flu sparks bogus online drug sales
Australians are being warned not to fall prey to internet scammers trying to cash in on community concerns over swine flu.

Qld: Gas plant shows energy potential
ROMA, Qld, May 6 AAP - What oil is to the Middle East, coal seam gas could be to southwest Queensland as a $250 million project opened on Wednesday to tap the seemingly unlimited supplies of the clean, green fossil fuel.

Santos shrugs off recession fears, predicts growth
ADELAIDE, May 6 AAP - Australia's third biggest oil and gas producer Santos Ltd says it will defy a global recession and target further growth.

MID: Iran hangs drug traffickers in mass execution: reports
TEHRAN, May 6 AFP - Iran has hanged eight men convicted of drug trafficking and another man found guilty of murder, press reports said on Wednesday.

Australia more resilient to crisis than UK, US, says Westfield
SYDNEY, May 6 AAP - Westfield Group, the world's largest shopping centre owner, says its business remains resilient dpesite the global recession, with its Australian operations leading the way.

NT: Mandatory child sex reporting could result in pregnancies
A peak doctors group says laws requiring Northern Territory GPs to report all sexual activity by children could result in more teenage pregnancies and increased sexually transmitted diseases.

EUR: Famed Nefertiti bust a fake: expert
PARIS, May 5 AFP - The bust of Queen Nefertiti housed in a Berlin museum and believed to be 3,400 years old in fact is a copy dating from 1912 that was made to test pigments used by the ancient Egyptians, according to Swiss art historian Henri Stierlin.

Fed: People confused over govt's approach to economy: Turnbull
SYDNEY, May 5 AAP - Australians are worried the federal government's debt will stop the economy recovering from the downturn, Opposition Leader Malcolm Turnbull says.

Fed: Flu drug to be rationed in Australia
CANBERRA, May 5 AAP - The supply of Tamiflu, used to treat potentially deadly swine flu, will be rationed in Australia after a rush on the anti-viral drug.

NSW: Adults missing during child strip searches: Ombudsman
SYDNEY, May 5 AAP - In more than 840 cases when children were strip searched by NSW police, a supporting adult was present at only six per cent of occasions, the state's ombudsman says.

NSW: Truckies to target main routes to Sydney
SYDNEY, May 5 AAP - Truck drivers plan to hold go-slow protests on two main roads into Sydney on Wednesday morning, with motorists told to expect major peak-hour delays.

US: Windows 7 to make public debut May 5
Microsoft says it's on the verge of releasing its next-generation Windows 7 .. to replace the much criticised Vista.

NSW: 16-year-old boy charged with murder and attempted murder
A 16-year-old boy's been charged with murder and attempted murder over the stabbing death of a man and serious wounding of a woman.

Qld: Road toll rises to 127
A motorcyclist has died after hitting a tree south of Brisbane .. taking Queensland's road toll to 127 and putting the state on track for its worst toll in more than a decade.

Qld: Three in serious but stable condition after horror crash
BRISBANE, May 4 AAP - Two teenage boys and a man critically injured in a fatal two-car collision in Toowoomba remain in hospital in a stable but serious condition.

Declining jobs trend to produce some surprisingly big falls
SYDNEY, May 4 AAP - The trend in employment will turn downward with "rogue" figures showing very steep monthly falls will grow more frequent.

ASIA: New Zealand confirmed swine flu cases rise to five
WELLINGTON, May 4 AFP - The number of confirmed swine flu cases in New Zealand rose by two to six Monday, the health ministry said, adding there was no evidence of the virus spreading in the wider community.

Tas: Activists blamed for booby traps in Tasmanian valley
HOBART, May 4 AAP - Anti-logging protesters have been blamed for laying potentially deadly booby traps in Tasmania's Styx Valley.

Vic: Six months jail for ATM skim scam
A Romanian man who skimmed nearly 20-thousand dollars from ATMs has been jailed for six months.

Vic: Boy whose pet dog bashed will never get over it
MELBOURNE, May 4 AAP - A deaf Melbourne boy whose pet dog was battered with a baseball bat so badly it had to be put down, will never get over the loss of his best mate, his mother says.

EUR: Fiat aims to create global car giant with GM tie up
MILAN, May 4 AFP - Fiat chief executive Sergio Marchionne on Monday outlined a plan to create a new global car giant that would link up with General Motors' European operations after rescuing bankrupt Chrysler.

Egypt pig farmers clash with police over slaughter
CAIRO, May 3 AFP - Egyptian riot police clashed on Sunday with stone-throwing pig farmers who were trying to prevent their animals being taken away for slaughter as part of a mass nationwide cull.

NSW: Sex book aimed at children - report
SYDNEY, May 4 AAP - A book which explains how gay parents have children and includes in-depth descriptions of sex is being aimed at children as young as two.

SA: Road cameras to catch unregistered and uninsured vehicles
From next month .. road traffic cameras in South Australia will not only catch offending drivers .. but also unregistered and uninsured vehicles.

UK: Bob Dylan tops British album charts once again
LONDON, May 3 AFP - Legendary singer-songwriter Bob Dylan jumped to the top of Britain's album charts on Sunday, almost 40 years since he last held the number one slot here, the Official Charts Company says.

SA: Plastic bags to disappear from close of business Sunday
ADELAIDE, May 3 AAP - Checkout-style plastic bags will disappear from South Australian shops from the close of business on Sunday, with the state the first in the nation to ban them.

Qld: Teens in boot of car in fatal crash
BRISBANE, May 3 AAP - Two boys were travelling in the boot of an overloaded sedan when it ploughed into an oncoming car, killing two teenagers and critically injuring three others.

NSW: Three dozen still under swine flu cloud in NSW
SYDNEY, May 3 AAP - Thirty-six people in NSW remain under assessment as possibly having swine flu, health authorities say.

US: US confirms 160 cases of swine flu in 21 states
WASHINGTON, May 2 AFP - The United States has confirmed 160 cases of the A(H1N1) influenza virus in 21 states, the Centres for Disease Control and Prevention said on Saturday.

EUR: WHO sends 2.4 million Tamiflu courses to poorer nations
GENEVA, May 2 AP - The World Health Organisation says it's sent 2.4 million treatments of anti-flu drug Tamiflu to 72 developing countries preparing themselves against a possible swine flu pandemic.

CAM: World still on alert as Mexico sees flu 'stabilisation'
MEXICO CITY, May 2 AFP - Mexico says its H1N1 flu outbreak appears to be "in a stabilisation phase", with the death toll unchanged at 16, but health officials around the world are still on alert.

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.

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