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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 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

NSW: Man arrested after woman stabbed in throat
SYDNEY, May 21 AAP - A man has been arrested over a violent attack on a woman repeatedly stabbed in the throat and head in her suburban Sydney home, police say.

NSW: Evacuation centres set up in flood-hit regions
The New South Wales government has set up two evacuation centres in the state's north coast as severe weather lashes the area.

Qld: Police plead for flood safety
BRISBANE, May 21 AAP - Queensland police are finding it's not just drink drivers who are bloody idiots as they warn against dangerous behaviour in flood waters.

Rudd admits Australia will hit $300 billion debt by 2013
PERTH, May 21 AAP - Federal Opposition Leader Malcolm Turnbull says the prime minister is "ashamed" of the debt he's burdening Australia with.

FED: Entire broadband market must be investigated: Minchin
CANBERRA, May 21 AAP - The Rudd government must ask the Productivity Commission to examine Australia's broadband market or risk billions of dollars on its new national network, the coalition says.

NSW: Girl, 7, died of starvation and neglect, doctor tells court
EAST MAITLAND, NSW, May 21 AAP - Starvation and neglect caused the death of a seven-year-old girl, the doctor who performed her autopsy has told jurors hearing murder charges against her parents.

Vic: Drums containing chemicals washing up on Victorian beaches
MELBOURNE, May 21 AAP - Large drums believed to contain chemicals have been washing up on Victorian beaches since May 10, the Environment Protection Authority (EPA) says.

WA: Severe thunderstorm to hit Perth
PERTH, May 21 AAP - Western Australia is bracing for a severe storm to lash Perth and coastal towns in the southwest on Thursday afternoon.

MID: Iran tests missile with range that can hit Israel
TEHRAN, Iran, May 20 AP - Iran test-fired a missile capable of striking Israel, US mideast bases and Europe on Wednesday - a show of strength touted by President Mahmoud Ahmadinejad as he battles for re-election next month against more moderate opponents.

US: Microsoft to unveil new search engine next week: WSJ
WASHINGTON, May 20 AFP - Microsoft is expected to unveil a new version of its internet search engine next week, The Wall Street Journal reported on Wednesday.

FED: Government's broadband plan a fantasy: Trujillo
Former Telstra boss SOL TRUJILLO has branded the federal government's 43 billion dollar fibre-optic network plan a potential fantasy.

FED: Prove it or lose it: crackdown on illegitimate wealth
The unexplained wealth and extravagant toys of organised crime bosses could be seized .. if draft legislation is recommended by a federal parliamentary committee.

FED: Australians on methadone almost doubles in decade
SYDNEY, May 21 AAP - The number of Australians in treatment programs for their heroin, or other opioid, addiction has almost doubled in a decade.

Metal Storm unveils new shotgun, but may have to head overseas
Australian weapons developer Metal Storm will unveil its new lightweight shotgun in the US this week .. amid speculation the company could be forced offshore.

NSW: Evacuations begin as QLD storms bear down on NSW
Emergency services and police have begun evacuations in northern New South Wales .. as storms that dumped up to 300 millimetres of rain in Brisbane and the Gold Coast move south.

QLD: Wild weather to continue in southeast QLD
Wild weather and rising flood waters that left one man dead and wreaked havoc on southeast Queensland are forecast to continue today and tomorrow.

EUR: Danish journalist guilty of killing fish with shampoo
COPENHAGEN, May 19 AFP - A Danish television journalist was found guilty on Tuesday of killing 12 guppy fish and violating animal protection laws by pouring shampoo into an aquarium for a report, the Glostrup court said.

US: Man held for murder in shooting death of rapper
LOS ANGELES, May 19 AFP - A 23-year-old man has been detained on suspicion of murder following the shooting death of up-and-coming rap artist Dolla outside a Los Angeles shopping mall, police said on Tuesday.

ASIA: US to send 100 mln dlrs in emergency aid for Pakistan: official
WASHINGTON, May 19 AFP - US Secretary of State Hillary Clinton is to announce on Tuesday the release of $US100 million ($A130.8 million) in emergency aid to help displaced civilians in Pakistan, a State Department official said.

US: Spare US media coverage of Obama-Netanyahu talks
WASHINGTON, May 19 AFP - Israeli Prime Minister Benjamin Netanyahu's first US visit for talks with President Barack Obama on Iran and Palestinian statehood earned only modest coverage in US newspapers on Tuesday.

VIC: Country doctor uses household drill to save boy's life
MELBOURNE, May 20 AAP - A 13-year-old boy owes his life to a country doctor who used a household drill to bore a hole into his skull following a bicycle accident.

MID: Fears in Israel of cooling US ties
JERUSALEM, May 19 AFP - The deep differences exposed during Prime Minister Benjamin Netanyahu's first meeting with US President Barack Obama on Tuesday have stoked fears in Israel of cooling ties with its main ally.

Vic: Clinton announces two Melbourne sites for global project
MELBOURNE, May 19 AAP - Two urban developments in Melbourne are to be included in former US president Bill Clinton's Climate Positive Development Program.

WA: Woman convicted of infanticide appeals for greater understanding
PERTH, June 19 AAP - A woman has appealed for greater understanding of mothers with mental disorders after a court was told how she had smothered her four-week-old boy with a pillow.

NSW: Woman in hiding after Johns group sex revelations
The New Zealand woman at the centre of the MATTHEW JOHNS group sex scandal has gone into hiding.

Vic: Roads won't cope with evacuation, residents want more info
MELBOURNE, May 18 AAP - Victoria's roads simply would not cope with a massive evacuation during a bushfire, the royal commission into the Black Saturday disaster has been told.

Vic: Roads won't cope with evacuation, residents want more info
MELBOURNE, May 18 AAP - Victoria's roads simply would not cope with a massive evacuation during a bushfire, the royal commission into the Black Saturday disaster has been told.

Vic: Pathological gambler allowed to bet $300,000 hands
A court has heard Melbourne's Crown Casino allowed a pathological gambler to place bets of 300 thousand dollars at a time on his way to losing 30 million dollars.

Fed: Aust warships rush to aid of vessel attacked by pirates
CANBERRA, May 18 AAP - Two Australian warships have rushed to the aid of a freighter under attack in the Gulf of Aden from pirates firing rocket propelled grenades and attempting to board the vessel by force.

NSW: Home invasion racially motivated, Sinhalese leader says
A Sinhalese community leader says an acid attack on two Sri Lankan students during a Sydney home invasion was racially motivated.

NSW: Home invasion racially motivated, Sinhalese leader says
SYDNEY, May 18 AAP - An acid attack on two Sri Lankan students in a Sydney home invasion was racially motivated, a Sinhalese community leader says.

NSW: Fifth teacher in court over Knox student abuse claims
SYDNEY, May 18 AAP - A fifth former teacher from Sydney's Knox Grammar School has appeared in court over child sex allegations dating back more than 30 years.

ASIA: SLanka military says Tamil Tiger leader alive, surrounded
The Sri Lankan military says it has the leader of the Tamil Tigers surrounded.

Recession to curb workers' wage-bargaining power
SYDNEY, May 18 AAP - Over the coming year or two, workers will increasingly find that one of the casualties of the recession is their bargaining power in the labour market.

NSW: Police urge calm after racial violence
SYDNEY, May 18 AAP - Police have appealed for calm after politically-motivated unrest in Sydney's west, including an acid attack on two Sri Lankan students.

US: Astronauts wrap up 4th spacewalk to repair Hubble
Two spacewalking astronauts have overcome a stuck bolt .. a power tool with a dead battery and other frustrations while working to revive a long inactive science instrument inside the Hubble Space Telescope.

US: Huge New York rehearsal for next terror strike
NEW YORK, May 17 AFP - Hundreds of firefighters and police have swarmed Ground Zero, the site where the World Trade Centre once stood, in the largest security exercise in New York since the September 11, 2001 attacks.

Fed: Labor takes post-budget poll hit
MELBOURNE, May 18 AAP - Prime Minister Kevin Rudd's approval rating has slumped by 10 points in a new opinion poll taken after the federal budget last week.

US: Obama's budget chief says US economy has almost bottomed out
WASHINGTON, May 17 AP - The White House's budget director says the US. economy has almost bottomed out and the sense of economic free-fall is over.

Fed:Non-consensual group sex happening across society
CANBERRA, May 17 AAP - Group sex scandals are not isolated to rugby league, a rape crisis centre manager says.

JPN: Japan acts over fresh swine flu cases, world figures soar
Officials in Japan are closing schools and cancelling public events in the western city of Kobe .. after eight high school students tested positive for swine flu and scores more reported feeling ill.

JPN: Japan acts over fresh swine flu cases, world figures soar
TOKYO, May 16 AFP - Officials are closing schools and cancelling public events in the Japanese city of Kobe after eight high school students tested positive for swine flu and scores more reported feeling ill.

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