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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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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 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Obama wraps up landmark Middle East, Europe trip

By Stephen Collinson 07 Jun 2009 9:03 PM

PARIS, June 7 AFP - President Barack Obama on Sunday wrapped up a Middle East and Europe tour steeped in history and intense diplomacy, confident he has cleared the "debris" thwarting US relations with the Muslim world.

Obama, who visited Saudi Arabia, Egypt, Germany and France also believes he has made clear what he expects from all leaders in the strife-torn Middle East as he cranks up a regional peace drive, aides said.

Confidants also said the president was deeply moved by his visit to the former Nazi concentration camp at Buchenwald, Germany and his meetings with World War II veterans at D-Day 65th anniversary celebrations.

"This was an extraordinary journey, one in which the president had an opportunity to look back in history, at the people who sacrificed and suffered to create the modern world and to look forward at the responsibilities that we all have in our times to forge a better future," senior political advisor David Axelrod said.

Obama on Sunday visited the Pompidou Centre modern arts museum in Paris with his family, before his planned flight back to Washington and the cauldron of domestic US politics.

Continued .....

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

US: Obama 'deeply concerned' by sentencing of journalists
WASHINGTON, June 8 AFP - US President Barack Obama is "deeply concerned" over the sentencing of two US journalists by North Korea and is using "all possible channels" to obtain their release, The White House said on Monday.

Fed: Fielding wants Labor to consider alternate climate change theory
CANBERRA, June 8 AAP - Family First senator Steve Fielding wants to debate the cause of global warming with government scientists before he votes on Labor's climate change legislation.

US: Palin accused of lifting from Gingrich article
ANCHORAGE, Alaska, June 7 AP - Alaska Gov. Sarah Palin has been accused of paraphrasing at length from an article co-written by Newt Gingrich when she gave a speech, but her lawyer says proper credit was given to the former House of Representatives speaker.

EUR: Conservatives hand centre-left painful defeat in EU vote
BRUSSELS, June 8 AFP - Conservatives decisively beat Socialists in EU Parliament elections marred by a record low turnout, results showed on Monday, after the centre-left failed to capitalise on concern over the recession.

ASIA: Korea jails US journalists for 12 years
SEOUL, June 8 AFP - The United States is "deeply concerned" by North Korea's sentencing of two American journalists to 12 years in a labour camp, State Department spokesman Ian Kelly said on Monday.

US: Clinton says interdiction possible for NKorea
The Obama administration is working with US allies to develop ways to cut off North Korean shipments .. that may be carrying nuclear technology or other weapons.

NKorea jails US journalists for 12 years =3D 2
Laura Ling and Euna Lee were detained by North Korean border guards on March 17 while researching a story about refugees fleeing the North.

ASIA: NKorea jails US journalists for 12 years
SEOUL, June 8 AFP - A North Korean court on Monday sentenced two female US journalists to 12 years in a labour camp, state media reported.

President Obama's French food tested by 'taster'
PARIS, June 7 AFP - A US "taster" tested the food being dished up to President Barack Obama at a dinner in a French restaurant, a waiter said on Sunday.

NSW: Swine flu tally creeps over one thousand
More than 1,000 Australians have tested positive for swine flu.

MID: Observers say Lebanon vote appears fair
BEIRUT, June 7 AFP - International and local observers said on Sunday that Lebanon's general election appears free of any flagrant violations despite some organisational problems and isolated security incidents.

FED: Schools close as swine flu tally increases
SYDNEY, June 8 AAP - Schools across the nation are keeping their doors firmly shut to limit the outbreak of swine flu.

FED: Schools close as swine flu tally increases
SYDNEY, June 8 AAP - Schools across the nation are keeping their doors firmly shut to limit the outbreak of swine flu.

MID: Obama wraps up landmark Middle East, Europe trip
PARIS, June 7 AFP - President Barack Obama on Sunday wrapped up a Middle East and Europe tour steeped in history and intense diplomacy, confident he has cleared the "debris" thwarting US relations with the Muslim world.

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.

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