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.
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.
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.
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).
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.
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
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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Feature Story
EU rejects Iran interference claims as 'unacceptable'
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Main Feature Story
Solar users to be paid for excess energy, NSW govt
By Adam Bennett
23 Jun 2009 5:28 PM
SYDNEY, June 23 AAP - Solar-savvy households will be paid up to $900 a year to generate their own electricity under a NSW government plan to boost renewable energy.
Under the 20-year scheme, residents plus some schools, small businesses and community groups will be paid 60 cents per kilowatt hour - four times the average cost of electricity.
The net feed-in tariff, which NSW Environment and Climate Change Minister Carmel Tebbutt described as the most generous in Australia, could result in some solar panel owners receiving $900 a year for unused electricity they feed into the electricity grid.
But environmental groups, the Greens and the opposition have bemoaned the failure to implement a more generous gross tariff, which pays for all the power generated, not just what is put into the grid.
They say Tuesday's announcement is a missed opportunity for the state's burgeoning solar energy industry.
Ms Tebbutt said the scheme, which will begin on January 1 and apply to solar systems up to 10 kilowatts in size, could create 500 environmental jobs across NSW.
Regularly Updated News As It Arrives From The Editor
House Harris News
MID: Riot police disperse Tehran demonstrators
TEHRAN, Iran June 24 AFP - A large presence of Iranian riot police and a volunteer militia deterred demonstrators trying to gather near parliament in Tehran on Wednesday, a witness said. More...
US: Rudd, Obama swap notes on North Korea
WASHINGTON, June 24 AFP - Prime Minister Kevin Rudd has spoken with US President Barack Obama about implementing nuclear sanctions against North Korea, the White House said on Wednesday. More...
MID: Khamenei insists Iran will not back down over vote
MID: Arabs vow to support Obama's Mideast peace drive
CAIRO, June 24, 2009 (AFP) - Arab foreign ministers meeting in Cairo vowed on Wednesday to support US President Barack Obama's Middle East peace efforts, but said normalisation with Israel depends on its halting settlement activity. More...
UK: British furniture store apologises over Iran tweets
LONDON, June 24, AFP - A British-based furniture chain apologised Wednesday after keywords relating to the current unrest in Iran appeared in Twitter messages promoting offers in its shops. More...
Fed: Turnbull acting like a toddler: Tanner
The Rudd government's accused MALCOLM TURNBULL of acting like a three-year old girl with a tantrum .. by refusing to co-operate with police investigations into the OzCar affair. More...
US: Rudd, Obama swap notes on North Korea
KEVIN RUDD has spoken with US President BARACK OBAMA about implementing nuclear sanctions against North Korea. More...
MID: Seinfeld star pushes comedy cure for Mideast
JERUSALEM, June 24 AP - Seinfeld star Jason Alexander told a crowd in Jerusalem on Wednesday that the search for an Israeli-Palestinian solution and the "show about nothing" that launched him to fame have one thing in common - neither seemed destined to succeed. More...
US: Obama wrote to Iran's supreme leader in May: report
WASHINGTON, June 24 AFP - President Barack Obama's administration wrote to Iran's supreme leader Ayatollah Ali Khamenei before the disputed elections offering to improve relations, a report said on Wednesday. More...
EUR: 35,000-year-old flute oldest instrument ever found
PARIS, June 24 AFP - Stone Age humans may have ripped raw meat from the bone with their teeth but they also played music, according to a study reporting the discovery of a 35,000-year-old flute, the oldest instrument known. More...
MID: Iran should free detained journalists, bloggers: watchdog
VIENNA, June 24 AFP - Media watchdog IPI called on Iran Wednesday to stop jailing reporters and bloggers, and release those already detained after disputed elections that have led to widespread protests around the country. More...
EUR: 35,000-year-old flute oldest instrument ever found
Stone Age humans may have ripped raw meat from the bone with their teeth but they also played music .. according to a study reporting the discovery of a 35-thousand-year-old flute .. the oldest instrument known. More...
US: Fed keeps near-zero rates, sees gradual rebound
WASHINGTON, June 24 AFP - The Federal Reserve on Wednesday held its base rate near zero, as it predicted a "gradual resumption of sustainable economic growth" without inflationary pressures. More...
EUR: Norway suspends whaling as demand met: whalers
OSLO, June 24 AFP - Norwegian whalers have suspended their hunt mid-season this year with less than half the quota of 885 whales killed because demand is saturated, a fisheries organisation said on Wednesday. More...
Fed: Turnbull dusts himself off and fights on
CANBERRA, June 24 AAP - The animosity between Opposition Leader Malcolm Turnbull and Prime Minister Kevin Rudd in the parliament is palpable. More...
US and Iran: decades of bad blood
WASHINGTON, June 23 AFP - Key events in ties between Iran and the United States: More...
GULF: Iran rules out scrapping vote as Obama questions results
TEHRAN, June 23 AFP - Iran has ruled out overturning the disputed presidential election as US President Barack Obama says there are significant questions about the poll's legitimacy and condemns the crackdown on post-election protests. More...
US: US clean energy law key to global economy: Obama
WASHINGTON, June 23 AFP - US President Barack Obama says landmark legislation before Congress pushing for clean energy will enable the country to spearhead the 21st century global economy. More...
Fed: Aust calls for whales to be spared death
CANBERRA, June 23 AAP - Australia has used a global forum to call for an end to lethal scientific research on whales. More...
Fed: We don't know who wrote fake email: Hockey
CANBERRA, June 23 AAP - The opposition has no insight into who authored the fake email at the centre of the OzCar affair, the coalition's treasury spokesman Joe Hockey says. More...
NSW: Solar users to be paid for excess energy, NSW govt
SYDNEY, June 23 AAP - Solar-savvy households will be paid up to $900 a year to generate their own electricity under a NSW government plan to boost renewable energy. More...
NSW: Three boats catch fire on mid-north coast
SYDNEY, June 23 AAP - A man has suffered facial burns after three boats caught fire at a NSW marina. More...
NSW: Former MP to appeal child sex case
Former New South Wales MP MILTON ORKOPOULOS will appear in a Newcastle court today .. to appeal against his conviction and sentence for multiple child sex offences. More...
EUR: EU rejects Iran interference claims as 'unacceptable'
BRUSSELS, June 22 AFP - The European Union has rejected Iran's claims of EU interference in presidential elections there as "baseless and unacceptable". More...
GULF: Riot police fire tear gas on Tehran protesters: witnesses
TEHRAN, June 22 AFP - Iranian riot police armed with clubs and riding motorbikes have fired tear gas as about 1,000 opposition demonstrators gathered in Tehran in defiance of an official ban, witnesses say. More...
Fed: Climate debate gets underway in Senate
CANBERRA, June 22 AAP - A marathon debate on emissions trading has started in the Senate - and the government's scheme appears to be in trouble. More...
Fed: Turnbull denies giving fake email to newspaper
CANBERRA, June 22 AAP - Opposition Leader Malcolm Turnbull denies giving a fake email at the centre of the OzCar affair to a newspaper, and suggests someone in Treasury could be the culprit. More...
NSW: Highway shut as one person dies in seven-vehicle crash
SYDNEY, June 22 AAP - One person died and several others were injured in a seven-vehicle crash that closed the Pacific Highway on the NSW mid-north coast. More...
FED: US, UK bigger investors in Oz than China
CANBERRA, June 22 AAP - The United States and Britain remain the biggest investors in Australia, but China is fast rocketing up the ladder, a Senate inquiry was told on Monday. More...
Fed: Kids in parliament spat goes to committee
CANBERRA, June 22 AAP - A senate committee will consider amending rules to allow children into the upper house after the removal of a Greens senator's two-year-old created a stir last week More...
NSW: Man charged after two-hour police pursuit
A disqualified NSW driver will face Newcastle Local Court today on multiple charges .. after allegedly leading police on a two-hour chase around Newcastle and Lake Macquarie in a stolen car yesterday. More...
Weather Flood Warning NSW: Issued 9:23pm, June 21
Australian Government Bureau of Meteorology More...
Fed: PM's mate got no special treatment: motor industry chief
CANBERRA, June 21 AAP - The furore over assistance to a car dealer friend of Prime Minister Kevin Rudd took a new turn on Sunday, with a motor industry leader insisting the Brisbane dealer got no special treatment. More...
Fed: OzCar scandal set to explode in parliament
The scandal over whether a car dealer friend of KEVIN RUDD received preferential treatment from government officials is set to explode in Parliament tomorrow. More...
US: Obama urges Iran to 'stop all violent and unjust actions'
WASHINGTON, June 20 AFP - US President Barack Obama has called on Iran's government to "stop all violent and unjust actions against its own people" amid swelling post-election tensions in the Islamic republic. More...
US: Kidnapped NY Times reporter escapes from Taliban: paper
WASHINGTON, June 20 AFP - A New York Times reporter kidnapped last November by the Taliban and held in the mountains of Afghanistan and Pakistan has escaped to freedom, the newspaper says on its website. More...
MID: Iranian protesters clash with police, defying ultimatum
TEHRAN, June 20 AFP - Thousands of Iranians have taken to the streets of Tehran in defiance of an ultimatum from supreme leader Ayatollah Ali Khamenei for an end to protests over last week's disputed presidential election. More...
US: Kidnapped NY Times reporter escapes from Taliban: paper
WASHINGTON, June 20 AFP - A New York Times reporter kidnapped last November by the Taliban and held in the mountains of Afghanistan and Pakistan has escaped to freedom, the newspaper says on its website. More...
MID: Suicide attack at Tehran's Khomeini mausoleum
A suicide bomber has killed himself and wounded a pilgrim at the Tehran mausoleum of Iranian revolutionary leader AYATOLLAH RUHOLLAH KHOMEINI. More...
MID: Police clash with Tehran protesters: witnesses
TEHRAN, Iran, June 20 AP - Witnesses say police are using tear and water cannons to disperse thousands of protesters rallying in Tehran to demand a new presidential election. More...
MID: One to two thousand protesters in front of Tehran university
TEHRAN, June 20 AFP - One to two thousand protesters have gathered in front of Tehran University, which is close to the site of a mass rally planned on Saturday, a witness told AFP. More...
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