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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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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 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Turnbull speech empty rhetoric with no solutions, Tanner

14 May 2009 10:15 PM

SYDNEY, May 14 AAP - Malcolm Turnbull's budget in reply speech was marked by empty rhetoric and offered no solutions to reduce government debt, Finance Minister Lindsay Tanner said.

In his budget-in-reply address on Thursday night, the opposition leader attacked the spiralling levels of debt forecast in the budget and run up by Labor with its "profligate" spending on two economic stimulus packages.

Mr Turnbull also said the opposition would fight plans to cut the private health insurance rebate, but offered a trade-off.

The opposition is offering to replace the forecast $1.9 billion in savings that would come from paring back access to the private health insurance rebate with a 12.5 per cent increase in the tobacco excise - a tax of three cents per cigarette.

Continued .....

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

EUR: Journalist on trial for killing fish with shampoo
COPENHAGEN, May 15 AFP - A Danish journalist is to go on trial next week for killing 12 guppy fish with shampoo live on television.

NSW: Toxic chemicals leaking into Parramatta River
SYDNEY, May 16 AAP - A toxic cancer-causing chemical is leaking into the Parramatta River in Sydney's west from a shipping container facility, forcing a major decontamination of the area.

EUR: Global flu tally over 7,700 says European health agency
STOCKHOLM, May 15 DPA - The number of global cases of the new influenza A(H1N1) virus topped 7,700 worldwide, according to figures released on Friday by the European Centre for Disease Prevention and Control (ECDC).

ASIA: Thai woman bites Belgian boyfriend's penis: police
BANGKOK, May 15 AFP - A Thai woman bit her Belgian boyfriend's penis out of jealousy during sex, but doctors managed to save the nearly-severed organ, police and reports said on Friday.

Recession could be over soon after it's finally confirmed
SYDNEY, May 14 AAP - Australia's economic recession could be almost over before figures confirm it's "officially" under way.

Home boost extension risks more borrowers to default - academic
SYDNEY, May 15 AAP - The extension of time for the enhanced first home grants puts more borrowers at risk of default, as the spectre of double-digit unemployment looms, an academic says.

Recession is "cleansing process" for economies, Corbett says
SYDNEY, May 15 AAP - Former Woolworths chief executive Roger Corbett says recessions can act as a "cleansing process" in the economic cycle by weeding out bad companies that should be allowed to fail.

WA: Racist video still on website despite man being charged
An anti-semitic video filmed in Perth is still available on the website YouTube .. despite a man being charged for allegedly making racist comments on it.

JPN: More young Japanese commit suicide amid slump
TOKYO, May 14 AP - The economic slump and subsequent job losses have driven more young Japanese to commit suicide, with a record number of victims in their 30s, police say.

US: Obama understands NZ interest in trade deal - Key
WELLINGTON, May 15 NZPA - US President Barack Obama has taken on board New Zealand's interest in a free trade agreement, Prime Minister John Key says.

VIC: Shot man lost all in Black Saturday fires, neighbour says
MELBOURNE, May 15 AAP - A man shot and wounded by police in a backyard altercation in Melbourne's north lost everything in the Black Saturday fires, a neighbour says.

US: Astronauts float out on first Hubble spacewalk
Two astronauts from the US space shuttle Atlantis have stepped out on the first of five ambitious spacewalks .. to overhaul the Hubble space telescope and extend its working life.

VIC: police shoot man with knife after capsicum spray fails
A shot of capsicum spray failed to subdue a man armed with a large knife tonight .. who was shot and wounded by a detective in a backyard in Melbourne's north.

NSW: Turnbull speech empty rhetoric with no solutions, Tanner
SYDNEY, May 14 AAP - Malcolm Turnbull's budget in reply speech was marked by empty rhetoric and offered no solutions to reduce government debt, Finance Minister Lindsay Tanner said.

Fed: Turnbull throws down gauntlet on private health rebate
CANBERRA, May 14 AAP - Labor faces defeat over its plans to cut the private health insurance rebate after the opposition announced it will block the budget measure.

Fed: Oppn to vote against cuts to private health insurace rebate
CANBERRA, May 14 AAP - The Rudd government's assault on middle-class welfare suffered a devastating blow on Thursday, with Opposition Leader Malcolm Turnbull vowing the coalition will vote against cuts to the private health insurance rebate.

Fed: Govt will consider cigarette tax as part of Henry review
CANBERRA, May 14 AAP - The Rudd government may consider Malcolm Turnbull's idea to increase the cost of cigarettes - but only after its Henry review on taxation reports back.

Fed:Turnbull raises option that could see rebate plan go up in smoke
CANBERRA, May 14 AAP - It was sombre and in keeping with the economic times.

NSW: Dumped distress beacon sparks costly search
SYDNEY, May 14 AAP - Taxpayers will foot the bill for a costly search and rescue operation in central NSW that turned out to be a false alarm, an Ambulance Service spokeswoman says.

US: In reversal, Obama rules out release of detainee photos
WASHINGTON, May 13 AFP - President Barack Obama has reversed a decision to release photos depicting abuse of detainees in Afghanistan or Iraq out of concern the images could cause a backlash against US troops abroad, US officials say.

WA: Man charged over website posting of anti-semitic videos
PERTH, May 14 AAP - A man who allegedly posted anti-semitic videos on the website YouTube has been charged with attempting to incite racial animosity and racial harassment.

EUR: Study finds cocaine in the air of Spanish cities
MADRID, May 13 AFP - Spanish scientists have detected the presence of cocaine in the air of Madrid and Barcelona by using a new technique for the first time, a research institute says.

US: Shuttle astronauts capture Hubble Space Telescope
HOUSTON, Texas, May 13 AFP - Astronauts aboard the Space Shuttle Atlantis have successfully captured the Hubble Space Telescope, following a rendezvous with the high flying scientific icon.

NZ: Potato researcher becomes racing car engineer
A New Zealander's potato starch research has led to his involvement in the construction of a new type of racing car.

US: US chimp that mauled woman had Xanax in system
A Connecticut prosecutor says test results show a chimpanzee that mauled a woman had the anti-anxiety drug Xanax in its system.

US: New weapon turns fire ants into headless zombies
FORT WORTH, Texas, May 13 AP - Researchers in Texas are trying an unusual approach to combat fire ants - deploying parasitic flies that turn the pesky and economically costly insects into zombies whose heads fall off.

EUR: Pope gunman: I want to convert to Christianity
ANKARA, Turkey, AP - The man who shot Pope John Paul II says he would like to convert to Christianity at a baptism ceremony at the Vatican soon after his release from prison in January, his lawyer said on Wednesday.

NSW: Bikie recruitment laws pass NSW Parliament
SYDNEY, May 13 AAP - New laws which can imprison anyone caught recruiting members to a bikie gang have been passed by the NSW Parliament, in the government's latest moves against the outlaw groups.

MID: US journalist in Iran had secret report on Iraq war: lawyer
TEHRAN, May 13 AFP - A lawyer for US-born reporter Roxana Saberi, freed this week from a Tehran jail, said on Wednesday the spy charges she had faced arose after she obtained a classified report on the US war on Iraq.

FED: Economists agree forecasts not too optimistic: PM
CANBERRA, May 13 AAP - Australia's leading economists don't believe Treasury's growth forecasts are too optimistic, despite the fact they're more positive than an International Monetary Fund (IMF) outlook, the prime minister says.

QLD: Teenager to front court over alleged high school bashing
GOLD COAST, May 13 AAP - A Gold Coast schoolgirl faces court over a brawl, allegedly caught on camera.

Fed:Opp'n must support savings if wants increased pension :Swan
CANBERRA, May 13 AAP - The federal opposition will have to support the government's budget savings if it supports pension reform, Treasurer Wayne Swan said.

SA: Holocaust denier jailed for three months
Holocaust revisionist FREDRICK TOBEN has been sentenced to three months jail for ignoring a court order preventing him publishing racist material on the internet.

EUR: Worldwide swine flu cases pass 5,000
GENEVA, May 12 AFP - The global number of swine flu cases on Tuesday passed 5,000, according to the World Health Organisation, as the virus spread to three more countries in Europe, Asia and Latin America.

MID: US soldier charged with murder of five comrades
BAGHDAD, May 12 AFP - A US soldier has been charged with shooting dead five of his colleagues at an American base in Baghdad, a US army spokesman said on Tuesday.

US: Astronauts scan Atlantis for damage, pursue Hubble
HOUSTON, Texas, May 12 AFP - Shuttle Atlantis astronauts on Tuesday scanned fragile heat shields aboard their spacecraft for signs of damage from launch debris as they raced toward a rendezvous with the Hubble Space Telescope.

MID: Pope never was in Hitler Youth: Vatican spokesman
JERUSALEM, May 12 AFP - German-born Pope Benedict XVI was never a member of the Hitler Youth, Vatican spokesman Federico Lombardi says, despite what the pontiff has himself previously said.

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.

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