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
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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.
CAIRO, June 28 AP - A Bahraini royal mourned him publicly, young Lebanese held a candlelight tribute, Egyptian musicians hailed him as an inspiration. More...
Vic: First home buyers handouts up, water bills rise
MELBOURNE, June 28 AAP - Victorians buying their first home will be eligible for up to $36,500 in state and federal government grants from Wednesday. More...
Rudd hails "good news" on climate in US
CANBERRA, June 28 AAP - Prime Minister Kevin Rudd has seized on US progress on climate change to call for action domestically. More...
EUR: Priest blames Holy Wine for drink-driving
ROME, June 27 AFP - An Italian priest caught driving over the alcohol limit told police it was only because of the holy wine he had drunk at mass, Ansa news agency reported on Saturday. More...
Fed: Jackson set to posthumously top Aussie charts
SYDNEY, June 28 AAP - Don't Stop 'Til You Get Enough is ringing true for Michael Jackson's Australian fans keen to snap up pieces of musical history following the King of Pop's sudden death. More...
Rudd video message attacks opposition, talks up economy
CANBERRA, June 28 AAP - Prime Minister Kevin Rudd has used a video message to describe his opponents as failed smear campaigners. More...
US: Exact details of Jackson death remain unclear
LOS ANGELES, June 26 AP - The final act of Michael Jackson's life came into clearer focus on Friday, a picture of a fallen superstar under the care of his own private cardiologist as he tried to get his 50-year-old body in shape for a gruelling bid to reclaim his glory. More...
US: Obama thought Jackson a 'tragic' icon: spokesman
WASHINGTON, June 26 AFP - President Barack Obama regarded Michael Jackson as a musical icon, but thought aspects of his life were sad and tragic, his spokesman said, sending condolences to the pop star's family. More...
US: Sales of Jackson music, videos climb online
NEW YORK, June 26 AP - Michael Jackson's death has led to skyrocketing sales of his music and videos, with major retailers like Amazon.com and Barnes and Noble selling out of products that have regained immense popularity overnight. More...
US: At least one million have had swine flu in US: official
WASHINGTON, June 26 AFP - At least one million people in the United States have had swine flu, or about 50 times more than the number of cases reported to health authorities, an official at the Centres for Disease Control and Prevention (CDC) says. More...
Vic: Hoon caught 130km/h over speed limit
MELBOURNE, June 27 AAP - Police have seized the car of a 21-year-old man clocked driving at 130km/h over the speed limit in Melbourne overnight. More...
US: US House passes historic climate change bill
WASHINGTON, June 26 AP - In a triumph for President Barack Obama, the Democratic-controlled House of Representatives narrowly passed sweeping legislation on Friday that establishes the United States' first limits on pollution linked to global warming and aims to usher in a new era of cleaner, yet more costly energy. More...
Qld Bushwalkers missing
Queensland Police and SES volunteers are continuing to search for five bushwalkers missing from Neurum Creek .. near Woodford. More...
SYDNEY, June 27 AAP - Renewed bikie-related violence has prompted NSW police to offer a $100,000 reward over the murder of a Sydney man with alleged links to organised crime. More...
NSW: Two men charged over glassing incident at Maroubra
SYDNEY, June 27 AAP - A man has been glassed and beaten up while celebrating a friend's birthday in Sydney's east. More...
WA: Young Perth woman is fifth Australian to die with swine flu
PERTH, June 27 AAP - A 26-year-old Perth woman has become the fifth Australian to die after being diagnosed with swine flu, Western Australia's chief health officer says. More...
EUR: Swiss team unveils pioneering solar plane
GENEVA, June 26 AFP - Round-the-world balloooning pioneer Bertrand Piccard has unveiled his solar-powered aircraft in Switzerland, ready for another trend-setting circumnavigation of the globe powered solely by the sun. More...
FED: Crisis costs Australians 36pc of their wealth
SYDNEY, June 27 AAP - It's been revealed that Australian households have lost 36 per cent of their financial wealth since the economic crisis began. More...
Pac:Police demolish settlement where 3 die in Origin violence
PORT MORESBY, June 26 AAP - Papua New Guinea police have demolished a settlement where three people were killed in State of Origin-related violence. More...
Fed: New OzCar attack falls flat as parliament breaks
After a week of Ozcar intrigue and Utegate aggro .. parliamentarians have gone on to their winter break .. after a last battle of words yesterday. More...
NSW: One dead, two serious after western Sydney shootout
SYDNEY, June 26 AAP - A man has been arrested following a gunfight in Sydney's southwest that killed a man and left two others injured. More...
NSW: One dead, two injured after being gunned down=3D2
Police locked down an area near the intersection of Henry Lawson Drive and Milperra Road, at Milperra, late on Thursday. More...
Eight Iran militiamen killed in vote unrest: Press TV
TEHRAN, June 25 AFP - Eight members of Iran's Basij militia have been killed in bloody clashes triggered by this month's disputed presidential election, the state-owned English-language channel Press TV said on its website on Thursday. More...
Qld: Drunk mum spat at principal, kneed him in groin: court
A court's been told a woman was so drunk that she couldn't recall punching .. spitting at and kneeing her daughter's school principal in the groin. 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...
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...
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...
Seeking writer to do opinion