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
Obama to give 16 'agents of change' US Medal of Freedom
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Main Feature Story
Four remain in custody following anti-terror raids
Wed Aug 5 02:07:47 EST 2009
MELBOURNE, Aug 5 AAP - Four men remained in custody overnight awaiting further questioning over an alleged suicide plot to kill Australian soldiers at a Sydney army barracks.
Four people were arrested and more were being questioned after pre-dawn raids on 19 properties across Melbourne and regional Victoria foiled an alleged plot to attack the Holsworthy army base.
Nayef El Sayed, from Glenroy in Melbourne's north, appeared in Melbourne Magistrates Court charged with conspiring with four men and other unknown people to prepare an armed attack on Holsworthy, base to several thousand troops.
Australian Federal Police (AFP) Acting Chief Commissioner Tony Negus said the men were allegedly planning a suicide shoot-out with automatic weapons.
"The men's intention was to actually go into the army barracks and to kill as many soldiers as they could before themselves, they were killed," Mr Negus told a packed media conference on Tuesday.
"Potentially this would have been, if it had been able to be carried out, the most serious terrorist attack on Australian soil."
Regularly Updated News As It Arrives From The Editor
House Harris News
US: Obama visits White House press room on birthday
WASHINGTON, Aug 4 AP - President Barack Obama is celebrating his own birthday by leading the White House press corps in singing Happy Birthday to veteran US reporter Helen Thomas. More...
CAN: Canada calls on Australian help as forest fires rage
VANCOUVER, Canada, Aug 4 AFP - Canada has sought Australian help in bringing under control forest fires sweeping through parts of British Columbia and threatening a historic gold rush town. More...
Improving economic picture bumps energy prices
Improving economic picture bumps energy prices More...
FED: Turnbull must release all Grech correspondence: Emerson
CANBERRA, Aug 4 AAP - Opposition Leader Malcolm Turnbull must release all correspondence between himself and treasury official Godwin Grech so the Australian people can judge the nature of their relationship, federal minister Craig Emerson says. More...
FED: Godwin Grech potentially an 'eccentric' hero: Abbott
Senior Liberal TONY ABBOTT has compared GODWIN GRECH to a heroic whistle-blower .. despite the treasury official admitting he created the fake email at the centre of the OzCar affair. More...
ASIA: Clinton in NKorea meets detained US reporters: report
WASHINGTON, Aug 4 AFP - Former US president Bill Clinton, in North Korea to secure the freedom of imprisoned American journalists Laura Ling and Euna Lee, met with the pair on Tuesday, ABC News reported. More...
Fed: Four remain in custody following anti-terror raids
MELBOURNE, Aug 5 AAP - Four men remained in custody overnight awaiting further questioning over an alleged suicide plot to kill Australian soldiers at a Sydney army barracks. More...
FED: Turnbull must release all Grech correspondence: Emerson
CANBERRA, Aug 4 AAP - Opposition Leader Malcolm Turnbull must release all correspondence between himself and treasury official Godwin Grech so the Australian people can judge the nature of their relationship, federal minister Craig Emerson says. More...
EUR: Web petition seeks Nobel prize for Michael Jackson
OSLO, Aug 4 AFP - More than 15,000 people have signed an internet petition calling for the late pop star Michael Jackson to be awarded the Nobel Peace Prize in 2010. More...
FED: Defence powerless to stop terrorists viewing military bases
SYDNEY, Aug 4 AAP - Defence chiefs have admitted there is little they can do to stop terrorists viewing military bases such as the one allegedly targeted by four men arrested in Melbourne on Tuesday. More...
Clinton gives NKorea's Kim message from Obama: state media
SEOUL, Aug 4 AFP - Former US President Bill Clinton has met North Korean leader Kim Jong-Il in Pyongyang and delivered a verbal message from current President Barack Obama, official media reported. More...
US: Clinton to NKorea on promise of reporter release: report
WASHINGTON, Aug 4 AFP - North Korea has told relatives of two jailed US journalists that it will release them to former US president Bill Clinton, who has arrived in Pyongyang to win their freedom, Politico.com reports. More...
US: Astronaut bringing test underwear back to Earth
CAPE CANAVERAL, Florida, July 30 AP - In what might embarrass less adventurous souls, astronaut Koichi Wakata is returning to Earth with the underwear he used during his 4-1/2-month space station stay so scientists can check them out. More...
US: Obama to give 16 'agents of change' US Medal of Freedom
WASHINGTON, July 30 AFP - President Barack Obama will next month award the highest US civilian honour to 16 "agents of change" including Desmond Tutu, Stephen Hawking and Muhammad Yunus, the White House said on Thursday. More...
Vic: Cyber stalker uses Twitter to threaten Delta Goodrem
MELBOURNE, July 31 AAP - Singer Delta Goodrem and fiance Brian McFadden have been threatened by a man via the social networking website Twitter. More...
US: US orders an Afghan detainee at Guantanamo freed
WASHINGTON, July 30 AFP - A US judge on Thursday ordered the release before the end of August of Guantanamo Bay detainee Mohammed Jawad, an Afghan who is one of the youngest men held at the notorious prison camp. More...
Fed: US could ask for increased committment in Afghanistan
Australia could be asked to increase its commitment in Afghanistan again .. after a top Pentagon official warned the situation is serious. More...
US: Endeavour astronauts prepare for home from ISS
Astronauts on the space shuttle Endeavour are preparing for their return to Earth from the International Space Station. More...
US: Two US officers accused of running check on Obama
Authorities are investigating two Atlanta-area police officers .. accused of using government computers to run a criminal background check on US President BARACK OBAMA. More...
Building approvals jump in June to ease RBA housing concerns
SYDNEY, July 30 AAP - A sharp jump in the number of approvals to build new homes should ease central bank concerns that money flowing into housing will boost prices rather encourage greater supply of affordable shelter. More...
SCI: Saturn's 'day' shorter by five minutes
PARIS, July 29 AFP - A day on Saturn is pretty short, and it just got shorter. More...
SCI: 150 years later, Darwin vindicated... by jellyfish
PARIS, July 29 AFP - Creatures large and small may play an important role in the stirring of ocean waters, according to a study released Wednesday that confirms a theory advanced by Charles Darwin. More...
US: Obama sees 'beginning of the end' of recession
RALEIGH, North Carolina, July 29 AFP - The United States may be seeing "the beginning of the end of the recession," President Barack Obama said Wednesday, as the world's biggest economy combats its worst slump in decades. More...
US: US, Britain discuss Afghanistan
WASHINGTON, July 29 AFP - US Secretary of State Hillary Clinton began talks on Wednesday with her British counterpart David Miliband who vowed to keep troops in Afghanistan despite growing calls at home for their withdrawal. More...
NSW: Backpackers found in submerged car
SYDNEY, July 29 AAP - The bodies of a Korean man and woman have been found in a car submerged in an irrigation channel nearly a week after the pair went missing in the NSW Riverina area. More...
NSW: On-air lie detector stunt backfires on radio station
There's been angry criticism of the Kyle and Jackie O radio show in Sydney after a lie detector stunt backfired when a 14-year-old girl reluctantly revealed she had been raped. More...
NAB first big bank to axe overdrawn fees for personal accounts
SYDNEY, July 29 AAP - National Australia Bank Ltd is the first of the big local banks to abolish overdrawn account fees, which contribute to about $1.2 billion in annual fee revenue for the banking sector. More...
NSW: Four more with swine flu die in NSW =3D2
"Pregnant women, people who have existing health problems, such as diabetes, respiratory, heart and renal disease need to take extra care and consult their doctor if they experience flu-like symptoms," Dr Chant said in a statement. More...
NSW: Overheard phone call sparks building evacuation
SYDNEY, July 29 AAP - An suspicious overheard phone call has led police to evacuate a high-rise building housing Sydney's commonwealth parliamentary offices. More...
NSW: New patrol boats for NSW waterways
SYDNEY, July 29 AAP - Five new boats have been added to NSW Maritime's fleet to conduct patrols along the state's waterways and coastline. More...
Qld: Cold case murder reopened 34 years later
Police are hoping to solve the murder of a north Queensland woman by reopening the cold case on its 34th anniversary. More...
NZ dolalr peeks above US66C but settles below
WELLINGTON, July 22 NZPA - For the first time in nine months the New Zealand dollar peeked above US66c in overnight trading on Tuesday, but it spent the domestic day some way below that in a narrow range. More...
Swine flu vaccine available within weeks, makers say
ADELAIDE, July 22 AAP/AP - An Australian vaccine for swine flu could be available in weeks, with the world's first human trials now underway in Adelaide. More...
US: Obama in all-out push for US health reform
WASHINGTON, July 22 AFP - Barack Obama is to hold a primetime news conference on Wednesday as support for his six-month-old presidency dips and critics blast his handling of the economy and health care reform. More...
ASIIA: Eclipse evokes tears then cheers in Bangladesh
While today's eclipse of the sun has been viewed with great satisfaction by astronomers .. tens of thousands of people have prayed in northern Bangladesh .. fearful it heralded natural disasters. More...
ASIA: Solar eclipse shrouds Asia in darkness after dawn
TAREGNA, India, July 22 AP - The longest solar eclipse of the 21st century pitched a swath of Asia into near-darkness after dawn, as millions gathered to watch the once-in-a-lifetime phenomenon on Wednesday. More...
EUR: Global health officials mull how to slow swine flu
In part of a global effort to slow the spread of swine flu .. some Muslim countries are advising pregnant women not to attend the hajj pilgrimage. More...
Fed: NSW surpasses Vic with highest swine flu death toll
Health authorities say four men have died in New South Wales over the past two days who've tested positive to swine flu .. with other medical conditions .. taking the state's toll to 17 and the national toll to 41. More...
Fed: Swine flu vaccine available within weeks, makers say
ADELAIDE, July 22 AAP - A vaccine for the deadly swine flu could be available within weeks, with world-first human trials underway in Australia which has now recorded more than 40 deaths. More...
FED: Labor doesn't want to take over hospitals: AMA
CANBERRA, July 22 AAP - The Rudd government doesn't want to take over the country's hospitals despite threatening to do just that before the last election, Australia's peak doctors' group says. More...
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