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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 Swine flu cases hits 500 after another surge in Vic

CANBERRA, June 2 AAP - The number of swine flu cases in Victoria has surged again, adding 89 in one day to push the national tally beyond 500.

And there are fears the number could soar again following Wednesday's State of Origin series opener at Melbourne's Etihad Stadium, where a near sell-out crowd of 50,000 is expected.


Feature Story Economy - things might not turn out as badly as expected

With the global economy in recession and Australia waiting for news on Wednesday that gross domestic product fell for the second consecutive quarter, it is hard to imagine the slump might not be as steep or as prolonged as it is widely predicted to be.

And perhaps a gloomy outlook for Australia is justified.


Feature Story Aust economy continues to falter - WBC/MI survey

SYDNEY, May 27 AAP - The Australian economy continues to falter due to the global economic downturn, a survey shows.

The Westpac/Melbourne Institute leading index of economic activity rose by a mere 0.3 per cent in March and was down 5.1 per cent over the year.


Feature Story Australia best placed to beat recession: survey

A global business survey's found Australia is an economic oasis in the financial storm .. despite pessimistic government and media responses.

One in five international businesspeople have cited Australia as the country best surviving the recession .. in a survey of seven thousand 500 people in more than 24 nations.


Feature Story 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Economy dodges recession bullet for now

By Colin Brinsden, Economics Correspondent 03 Jun 2009 6:23 PM

CANBERRA, June 3 AAP - The economy has avoided a much feared recession on paper, but Prime Minister Kevin Rudd has warned the nation could still experience further periods of negative economic growth in the future.

Exports and household spending helped the economy grow by 0.4 per cent in the first three months of the year, preventing a second consecutive quarter of negative growth that defines a recession.

Mr Rudd welcomed the figures released in Wednesday's March quarter national accounts, given the global economy is suffering its worst recession in 75 years.

"Among the major advanced economies, Australia has the fastest economic growth, the lowest debt, the lowest deficit and is the only one of the major advanced economies to now not be in recession," Mr Rudd told parliament.

But he said there was no doubt there would be more "ups and downs" in the economy as the global recession worked its way through.

"Growth will continue to be slow for some time, unemployment will continue to rise and we can't rule out the possibility of further negative economic growth for Australia in the future," he said.

Continued .....

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

Qld: Six dead in Qld horror road toll
BRISBANE, June 7 AAP - Queensland's long weekend road toll has jumped to six with a double fatality in far north Queensland on Sunday afternoon.

NSW: Reprisal fears after Sydney shootings
Concerns have been raised about possible reprisal attacks following the shooting of a man in Sydney's north.

Qld: Owners weep for loss of classic cars
BRISBANE, June 7 AAP - The owners of two valuable classic cars stolen from the Wintersun festival on the Gold Coast fear their beloved vehicles will be chopped up up for parts.

FED: Swine flu "not behaving like a deadly pandemic"
SYDNEY, June 5 AAP - The swine flu is "not behaving like a deadly pandemic", says an Australian flu expert.

Qld: Rebel priest says he's been freed from corrupt institution
BRISBANE, June 5 AAP - A rebel clergyman says an order banning him from functioning as a Catholic priest anywhere in the world has freed him from a corrupt, irrelevant and ruthless institution.

Qld: Oppn says power prices to rise 15.5 per cent
BRISBANE, June 5 AAP - Power bills are set to rise by 15.5 per cent, with the average Queensland household to pay an extra $250 in the coming year, the state opposition says.

Qld: Church bans rebel priest
BRISBANE, June 5 AAP - A rebel Catholic clergyman has been banned from acting as a priest anywhere in the world.

NBN will only make money if Telstra is split, says Optus
SYDNEY, June 5 AAP - The federal government's proposed national broadband network (NBN) can be commercially viable but only if Telstra Corp separates its wholesale and retail businesses, arch rival Optus says.

Fed: Packer threatened to kill me over Fairfax, Turnbull says
MELBOURNE, June 4 AAP - Opposition Leader Malcolm Turnbull says the late media magnate Kerry Packer threatened to kill him in a falling-out over a deal to buy the Fairfax newspaper group in the early 1990s.

NSW: Wife of man shot dead says police should be "ashamed"
SYDNEY, June 4 AAP - The wife of a man shot dead by a NSW police officer says the shooting was uncalled for and police should be "ashamed of themselves".

US: Americans spending more time on social networks: study
WASHINGTON, June 3 AFP - The number of minutes Americans spent on social networking sites nearly doubled in the past year with Facebook and Twitter enjoying explosive growth, according to a new study.

US: NY store owner gives would-be thief $40 and dose of faith
GARDEN CITY, New York, June 2 AP - A rifle-toting convenience store owner said he decided to show mercy on a would-be robber after seeing the man collapse into tears and claim he was only committing the crime to support his starving family.

MID: To open a Muslim dialogue, Obama visits Saudi king
RIYADH, Saudi Arabia, Agencies - President Barack Obama began his latest bid to open a dialogue with the Muslim world by paying a call on Wednesday on Saudi King Abdullah, guardian of Islam's sacred sites in Mecca and Medina.

Fed: Economy dodges recession bullet for now
CANBERRA, June 3 AAP - The economy has avoided a much feared recession on paper, but Prime Minister Kevin Rudd has warned the nation could still experience further periods of negative economic growth in the future.

Australia avoids recession after posting Q1 GDP growth (Wrap)
SYDNEY, June 3 AAP - Australia dodged an economic bullet and returned to growth in the first quarter, as a debate erupted over whether new figures meant the nation had escaped the worst of the global downturn.

EUR: World 'getting closer' to swine flu pandemic: WHO official
GENEVA, June 2 AFP - The world is "getting closer" to a swine flu pandemic as some countries outside the Americas are showing early signs of flu spreading locally, a senior World Health Organisation official said on Tuesday.

Microsoft and Ninemsn launch search engine Bing
Software giant Microsoft and Australian online media company Ninemsn will launch a new web search engine today that challenges internet search king Google.

NSW: DNA robots speed up crime-fighting
Robots are taking over from humans to fast-track DNA profiling .. as police review cold cases.

Vic: Swine flu hits hard in Melbourne's north and west
New figures show more than three-quarters of Victoria's swine flu cases occurred in Melbourne's north and west.

UK: Obama says Iran's energy concerns legitimate
LONDON, June 2 AP - President Barack Obama has reiterated that Iran may have some right to nuclear energy - provided it takes steps to prove its aspirations are peaceful.

US: Hot dog diplomacy: US embassies open to Iranians on July 4
WASHINGTON, June 2 AFP - Opening a round of hot dog diplomacy with Iran, the State Department says it is letting US embassies invite Iranian diplomats to their Fourth of July celebrations this year.

Weather Flood Warning Vic: Issued 5:05am, June 3
Australian Government Bureau of Meteorology

FED: "Morning after pill" cause of confusion for many
SYDNEY, June 3 AAP - Young Australians support the use of the "morning after pill", research shows, but are mostly in the dark about when to use it.

Fed: Swine flu cases hits 500 after another surge in Vic
CANBERRA, June 2 AAP - The number of swine flu cases in Victoria has surged again, adding 89 in one day to push the national tally beyond 500.

NSW: Men flee from fatal crash that kills one
Four men have fled from a fatal car crash that left one person dead and another seriously injured in Sydney's southwest.

EUR: Terry Gilliam ready to take on 'Don Quixote' once again
MADRID, June 1 AFP - Cult director Terry Gilliam says he plans to restart work on "Don Quixote" in Spain next year after filming in 2000 was abandoned due to a series of mishaps.

Fed: Holden 'safe' in Aust, NZ in GM financial woes
MELBOURNE, June 2 AAP/AFP - Holden's Australian and New Zealand operations will remain unchanged despite its American parent, General Motors, filing for bankruptcy protection.

Vic: Police under fire for excessive force in Indian protest
MELBOURNE, June 1 AAP - Police have come under fire, accused of using excessive force to break up an all-night rally as the fallout over attacks on Indian students deepens.

Fed: Swine flu tally hits 400, as Vic cases surge
CANBERRA, June 1 AAP - Australia's swine flu tally has passed 400 as Victoria recorded a massive surge in cases, most of them children.

NSW: Man charged over pub holdup police shooting
SYDNEY, June 1 AAP - A policeman shot during an armed siege at a Sydney pub accepts that he could have been killed, but says his training has equipped him to deal with such life-or-death situations.

National greenhouse gas emissions up
CANBERRA, June 1 AAP - Evidence of Australia's mounting carbon pollution levels strengthens the case for emissions trading, says Climate Change Minister Penny Wong.

Vic: Pandemic plan doesn't fit virus
MELBOURNE, June 1 AAP - Victoria is in uncharted territory as it struggles to contain the swine flu outbreak, with a pandemic plan that fails to fit the characteristics of the virus.

Fed: Regional areas will suffer under Labor roads plan: Truss
CANBERRA, June 1 AAP - The Nationals say they're willing to support Labor's plan to "rebadge" the Auslink road and rail program, but they won't allow funds to be redirected away from regional Australia.

ASIA: Indonesian model tells of escape from 'abusive' prince
JAKARTA, June 1 AFP - A teenage US-Indonesian model has returned to her family in Indonesia with tales of abuse, rape and torture at the hands of a Malaysian prince, after her dramatic escape with the help of Singapore police.

PAC: NZ conman who fled to Australia jailed
A New Zealand financial adviser who fled to Australia after ripping off nearly 80 thousand dollars from five victims .. has been jailed for two and a half years.

Fed: National swine flu tally at 209=3D3
Prof Bishop said pregnant women, people with respiratory problems, such as asthma or chronic airways disease, and diabetics were particularly susceptible to swine flu.

ASIA: Activity spotted at two NKorea missile sites: US officials
WASHINGTON, May 29 AFP - US satellite photos have revealed vehicle activity at two sites in North Korea suggesting the regime may be preparing to launch a long-range ballistic missile, two US defence officials said on Friday.

US: Wikipedia blocks Scientology from altering entries
SAN FRANCISCO, May 29 AFP - Wikipedia has blocked the Church of Scientology from editing entries at the communally-crafted online encyclopedia due to an unrelenting battle over the group's image.

Fed: Six new confirmed cases of swine flu in NSW
SYDNEY, May 30 AAP - There are six new confirmed cases of swine flu in NSW, health authorities say.

Qld: Passengers don't have swine flu
BRISBANE, May 30 AAP - Seven passengers on the cruise ship Pacific Dawn have returned negative tests for swine flu, Queensland Health said on Saturday.

US: New Obama 'czar' to thwart cyber spies, hackers
WASHINGTON, May 29 AFP - US president Barack Obama says he will name a White House "cyber czar" to deter and defend against mounting criminal, espionage and hacker attacks on US government and private computer networks.

ASIA: North Korea vows response if UN imposes sanctions
SEOUL, May 29 AFP - North Korea fired another short-range missile on Friday and threatened fresh steps if world powers impose sanctions for its nuclear test, amid signs it may be readying a new long-range launch.

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