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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


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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 Big budget deficit fault of government's of "both stripes"

CANBERRA, May 11 AAP - Massive government spending in the boom times means the federal budget will be deep in deficit well after the global financial crisis has disappeared, an independent forecaster says.

Access Economics is forecasting a $58.9 billion deficit for Tuesday's 2009/10 budget, allowing for an extra $9 billion of infrastructure spending and $3.9 billion for pension reform.


Feature Story 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Record first home byer share backs stimulus, Rudd

12 May 2009 4:08 PM

CANBERRA, May 12 AAP - First-time home buyers now account for a record share of new housing loans, proving that stimulus package measures are working, Prime Minister Kevin Rudd says.

First home buyers made up a record 27.3 per cent of all home loans granted in March according to data released on Tuesday, topping the previous peak of 26.5 per cent set in January and February.

This was the highest proportion since the Australian Bureau of Statistics data series began in mid-1991.

"These are elements which go to underpin one core proposition: a government committed to reducing the impact of the global recession on Australia puts in place a concerted series of measures," Mr Rudd told parliament.

"It will have an effect."

The government's first $10.4 billion stimulus package, unveiled in October, doubled the first home buyer grant for established homes to $14,000, and tripled it to $21,000 for newly constructed dwellings.

Continued .....

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

FED: Universities thrilled with budget boost of $5.7bn
CANBERRA, May 12 AAP - Australia's universities might not have got everything they wanted in the budget, but they're pleased enough with the package for the Group of Eight to label it "visionary".

Home owner grant extensions welcomed by industry
SYDNEY, May 12 AAP - The construction sector and real estate industry have welcomed measures to extend the federal government's extra first home buyer grants.

Vic: Student unions welcome budget =3D2
Postgraduate students say the reputation of the higher education sector will be boosted by funding increases.

Budget will help make Aust international financial centre - IFSA
CANBERRA, May 12 AAP - The Investment and Financial Services Association (IFSA) says the federal budget will help build Australia as an international financial centre.

Qld: Budget's infrastructure spend vital for recovery: Qld
BRISBANE, May 12 AAP - The federal budget has delivered on infrastructure investment that will be central to economic recovery, Queensland Treasurer Andrew Fraser says.

FED: Budget measures will help maintain retail confidence: ANRA
CANBERRA, May 12 AAP - Retailers have given the budget a tick of approval, saying it will help maintain confidence and consumer spending.

Fed: Karma for the baby boomers
CANBERRA, May 12 AAP - Some would say it's Karma.

Budget doesn't threaten Australia's AAA rating, S&P says
SYDNEY, May 12 AAP - The federal government's budget for the next financial year doesn't threaten Australia's triple A rating as the country's finances remain sound, ratings agency Standard & Poor's says.

Fed: Treasurer announces record deficit in budget
Treasurer WAYNE SWAN has announced a record deficit of nearly 58 billion dollars .. in a budget he says has been forged in the fire of the most challenging global conditions since the Great Depression.

First Home owners scheme to continue for 6 months
CANBERRA, May 12 AAP - Those buying their first home have another six months to locate their dream dwelling and still benefit from last year's boost to the first home owners grant scheme.

Fed: Where the money comes from and where it goes

Fed: Projected improvements in real incomes and tax thresholds
Projected improvement in the real disposable incomes and the net tax thresholds of different household types.

FED: Paid parental leave still some years away
CANBERRA May 12 AAP - Close to 150,000 new mums and dads will be eligible for taxpayer funded paid maternity leave each year when the scheme kicks in in 2011.

FED: Aussies swamp solar scheme
CANBERRA, May 12 AAP - Australians have gone crazy for solar panels - and the government's picking up the tab.

FED: Petrol exempted from climate fight
CANBERRA, May 12 AAP - Petrol may be one of the biggest contributors to greenhouse gas emissions but motorists won't pay to pollute for five years.

In Wayne's world, it's better to be old now than later
CANBERRA, May 12 AAP - Baby boomers are among the budget's biggest losers, and Victorians in general can count themselves the big winners.

Fed: Swan eats the rich
It looks like Labor had the wealthy firmly in its sights when formulating this year's budget.

FED: Student income support boost as higher ed gets extra $5.3b
CANBERRA, May 12 AAP - Australia's universities were hoping to receive $6.5 billion over four years in this year's budget, as recommended by the Bradley review into higher education.

Fed:Recession hit economy to shed a million jobs
CANBERRA, May 12 AAP - The federal government's pathway back to a budget surplus looks set to be a long and painful one for the million Australians who are likely to lose their job over the next two years.

Fed: The Federal Budget Winners And Losers

Fed: Nose to the grindstone to work the nation out of debt
Australians will be working harder .. for longer .. to get the nation out of debt.

Fed: Work harder and longer to pay off nation's debt: Swan
CANBERRA, May 12 AAP - Australians face working longer and harder as the labour force shrinks, while the Rudd government pins its hopes of economic recovery on the biggest nation building program since the Snowy Hydro Scheme.

Aust govt says budget can return to surplus in six year
CANBERRA, May 12 AAP - The federal budget deficit will expand sharply in 2009/10 to an all-time record as the Australian economy falls into recession, employment soars and tax revenues decline.

NSW: Man wanted for double murder questioning flees country
SYDNEY, May 12 AAP - A "person of interest" over the brutal stabbing deaths of two Sydney brothers has left Australia, with police powerless to stop him.

EUR: WHO defends pandemic alarm as swine flu spreads
GENEVA, May 12 AFP - The World Health Organisation (WHO) has defended its decision to raise the global pandemic alarm for swine flu as Cuba, Thailand and Finland confirmed their first cases of the virus.

QLD: 'Egging' assault causes stink with Gold Coast police
GOLD COAST, Qld, May 12 AAP - Gold Coast high school students who brandished a toy pistol at a labourer before pelting him with eggs could face criminal charges, police have warned.

Record first home byer share backs stimulus, Rudd
CANBERRA, May 12 AAP - First-time home buyers now account for a record share of new housing loans, proving that stimulus package measures are working, Prime Minister Kevin Rudd says.

Fed: First home buyers show stimulus works - Rudd
CANBERRA, May 12 AAP - First-time home buyers now account for a record share of new housing loans, proving that stimulus package measures are working, Prime Minister Kevin Rudd says.

US: Astronauts 'tweet' from space
CAPE CANAVERAL, Florida, May 12 AFP - Astronauts are giving a behind-the-scenes look at the space shuttle Atlantis's high-risk mission to service the Hubble telescope, thanks to micro-blogging sensation Twitter.

US: Suttle Atlantis lifts off
CAPE CANAVERAL, Florida, May 11 AP - Space shuttle Atlantis is on its way to the Hubble Space Telescope.

MID: US reporter free after Iran suspends jail term
TEHRAN, May 11 AFP - US-born reporter Roxana Saberi walked free from an Iranian jail on Monday after a court reduced her prison term for spying to a two-year suspended sentence, ending a four-month ordeal.

EUR: Obama on official visit to Russia July 6-8: Kremlin
The Kremlin says on its website US president BARACK OBAMA will make his first official visit to Russia since entering the White House .. from July 6 to 8.

MID: Pope in Israel insists Holocaust never be forgotten
JERUSALEM, May 11 AFP - Pope Benedict XVI prayed at a Holocaust memorial in Jerusalem on Monday, denounced anti-Semitism and appealed for Middle East peace based on a two-state deal, on his first Holy Land tour.

MID: US soldier held after five colleagues shot dead in Iraq
BAGHDAD, May 11 AFP - A US soldier is suspected of opening fire on his comrades at the largest American base in Iraq, killing five soldiers in what was the single deadliest toll on US forces in a month.

MID: Five US soldiers shot dead at Iraq base
BAGHDAD, May 11 AFP - A US soldier opened fire on his comrades at the largest American base in Iraq on Monday, killing five soldiers in what was the single deadliest toll on US forces in a month.

US: Shuttle fueled, readies for launch to Hubble
CAPE CANAVERAL, Florida, May 11 AP - Space shuttle Atlantis was fuelled on Monday for one last flight to the Hubble Space Telescope, an extraordinarily ambitious repair mission that NASA hopes will lift the celebrated observatory to new scientific heights.

Pensioners and new mums to win amid budget slash and burn
CANBERRA, May 11 AAP - Single age pensioners and new parents will be among the few winners in a budget expected to inflict pain on Australians across the board.

Forecast jobless rate would be 10pc without stimulus - Rudd
CANBERRA, May 11 AAP - Australia's forecast jobless rate would be as high as 10 per cent without the stimulus measures the government has put in place according to Treasury advice, Prime Minister Kevin Rudd says.

Fed: States should be abolished, Barnaby Joyce says
Nationals Senate Leader BARNABY JOYCE says state governments are fast becoming irrelevant and could be abolished in the future.

FED: Govt set to crack down on middle class welfare
CANBERRA, May 11 AAP - The cash-strapped federal government is unlikely to deliver its multi-billion plan for widespread pension reform but has pledged to deliver paid parental leave from January 2011.

Fed: 'Green tinge' to budget?
CANBERRA, May 11 AAP - There could be a "green tinge" to the federal budget as the government tries to ramp up the fight against climate change.

Fed: Warships to be built with Aussie steel
CANBERRA, May 11 AAP - Three and maybe four advanced air warfare destroyers are to be built with Aussie steel.

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