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
Dire warnings from scientists as Sydney marks Hiroshima Day
All House Harris News Articles are individually selected by The Editor
Main Feature Story
Australia headed for worse economic times, report
By Eoin Blackwell
Wed Aug 12 04:31:31 EST 2009
SYDNEY, Aug 12 AAP - BIS Shrapnel says that despite the recent run of financial good news, the economy will experience falling household incomes, employment and a 17 per cent decline in business investment over the next 12 months.
Beyond 2010, the economic forecaster expects a solid recovery with economic growth rising to four per cent by 2011-12.
Although BIS Shrapnel says it does not expect a recession this financial year, economic growth will be only 0.1 per cent in calendar 2009 and 0.5 per cent over the current financial year.
BIS Shrapnel senior economist Richard Robinson said he would not rule out another quarter of negative economic growth this financial year.
This contrasts with the Reserve Bank of Australia's forecast on Friday where it said gross domestic product would rise by 0.5 per cent over the 2009 calender year before lifting to one per cent in the year to June 2010.
Mr Robinson said a turnaround in the stock cycle, housing construction, government spending and positive net exports should prevent a contraction.
Regularly Updated News As It Arrives From The Editor
House Harris News
Fed: Australians to send space messages
CANBERRA, Aug 12 AAP - Australians have the chance to become Earth's first intergalactic penpals under a new project that will shoot personal messages out into the ether. More...
Australia headed for worse economic times, report
Eds Please note: Story EMBARGOED until 0100 AEST Wednesday, Aug 12) More...
UK: Signed edition of Hitler's 'Mein Kampf' on sale in Britain
LONDON, Aug 11 AFP - A signed, early edition of Hitler's Mein Kampf is expected to sell for up to Stg20,000 ($A39,327) when it goes under the hammer in Britain on Thursday, auctioneers said. More...
Fed: Fight to stop teen suicide story heads for court
MELBOURNE, Aug 12 AAP - A legal bid to prevent the Nine Network's 60 Minutes program from airing a story about a spate of teen suicides linked to a Geelong school returns to court on Wednesday. More...
US: Madoff lieutenant charged with conspiracy, fraud
NEW YORK, Aug 11 AFP - Bernard Madoff's right-hand man during decades of massive fraud on Wall Street was to be charged on Tuesday with conspiracy and multiple counts of fraud, prosecutors said. More...
ASIA: Flying frog among 353 new Himalayan species: WWF
KATHMANDU, Aug 10 AFP - A flying frog, the world's smallest deer and the first new monkey to be found in more than a century are among 350 new species discovered in the eastern Himalayas in the past decade, the WWF said on Monday. More...
Oppn outlines "cheaper, greener" ETS plan
CANBERRA, Aug 10 AAP - The federal opposition has come up with a new plan to tackle climate change - but it's too late to save the doomed emissions trading scheme. More...
Opposition's climate plan could be too good to be true
CANBERRA, Aug 10 AAP - Cheaper! Greener! Smarter! Does it come with a set of steak knives too? More...
Fed: Turnbull scheme distracts from internal turmoil
CANBERRA, Aug 10 AAP - One way of looking at Malcolm Turnbull's launch on Monday of an alternative "hybrid" emissions trading scheme is that it served partly as a distraction in the week from hell. More...
Fed: Turnbull refuses to discuss polls, OzCar as parly to resume
CANBERRA, Aug 10 AAP - Opposition Leader Malcolm Turnbull tried to put the OzCar fake email affair behind him on Monday by refusing to discuss the matter publicly. More...
Home buyers, motorists to face pressures from recovery
CANBERRA, Aug 10 AAP - Demand for home loans from first time buyers continues at a strong pace, but these new market entrants and homeowners in general are likely to face higher mortgage rates before Christmas. More...
NSW: Australia-wide trial of kid's swine flu vaccine begins
SYDNEY, Aug 10 AAP - A world-first trial of a swine flu vaccine in children has begun in Australia, with the results expected to be known within weeks. More...
NSW: Woman jumped to her death days after self-help course
SYDNEY, Aug 10 AAP - A coroner is examining whether a self-help course played any role in the death of a woman who jumped from a Sydney office building during an unexplained psychotic episode. More...
US: US man blames cat paws for child porn downloads
JENSEN BEACH, Florida, Aug 7 AP - Investigators in Florida say a man accused of downloading child pornography is blaming his cat. More...
Troubled US insurer AIG back in black
Troubled US insurance giant AIG has announced it is back in the black for the first time in almost two years with second-quarter earnings of two-point-one billion dollars. More...
US: Obama says US economy saved from 'catastrophe'
WASHINGTON, Aug 7 AFP - President Barack Obama says his administration has saved the US economy from catastrophe and the worst of the recession may be over, after a surprise drop in the unemployment rate. More...
US: US economy has 'pulled back from the edge': White House
WASHINGTON, Aug 7 AFP - The White House has hailed news that US unemployment fell to 9.4 per cent in July as evidence that the economy has been pulled from the brink of depression. More...
Wall Street climbs on upbeat US jobs report
US stocks rose at the opening after a much-awaited July jobs report was better than expected .. signalling a likely turnaround in the long and painful recession. More...
Fed: Celebration, what celebration?
CANBERRA, Aug 7 AAP - Hold the champagne - the Rudd government's party poopers are in no mood to celebrate. More...
Fed: After Kyoto, if emissions rise, stocks fall
BRISBANE, Aug 7 AAP - The Kyoto Protocol on climate change has had a profound effect on the Australian oil and gas industry's share prices, a university researcher has found. More...
New US jobless claims drop more than expected
WASHINGTON, Aug 6 AP - The number of newly laid off US workers seeking unemployment insurance fell last week, the government says, fresh evidence that layoffs are easing. More...
US: Sotomayor becomes first Latina US Supreme Court justice
WASHINGTON, Aug 6 AFP - Sonia Sotomayor has won historic Senate confirmation as the first Hispanic justice on the US Supreme Court, in a big victory for President Barack Obama over stiff Republican objections. More...
US: Obama hails confirmation his high court nominee
WASHINGTON, Aug 6 AP - President Barack Obama is lauding the barrier-breaking confirmation of Sonia Sotomayor to be the first Hispanic justice on the US Supreme Court. More...
US: Remarkable rise of Hispanic destined for Supreme Court
WASHINGTON, Aug 6 AFP - Judge Sonia Sotomayor, who has won Senate confirmation as the first Hispanic justice on the US Supreme Court, worked her way from the gritty reality of New York City low-income housing to a polished federal courtroom. More...
US: Sotomayor wins historic US Supreme Court confirmation
WASHINGTON, Aug 6 AFP - Sonia Sotomayor has won Senate confirmation as the first Hispanic justice on the US Supreme Court, in a big victory for President Barack Obama over stiff Republican objections. More...
US: Senate confirms Sotomayor as Supreme Ct justice
WASHINGTON, Aug 6 AP - The Senate has confirmed Sonia Sotomayor as the first Hispanic Justice on the US Supreme Court. More...
Vic: High winds expected with strong cold front
MELBOURNE, Aug 6 AAP - A strong cold front is expected to blast Victoria with wind gusts up to 120km/h early on Friday morning. More...
US: Clinton briefs top US official on North Korea trip
WASHINGTON, Aug 6 AFP - Ex-president Bill Clinton has given a top US official an initial briefing on his North Korea trip and plans to conduct a more formal and in-depth debriefing for the White House, officials say. More...
US stocks bounce higher as unemployment in focus
US stocks have headed higher as investors digest a mixed weekly jobless claims report for signs of recovery from recession ahead of Friday's July unemployment data. More...
FED: Research raises hope of a type 1 diabetes cure
SYDNEY, Aug 7 AAP - Scientists have discovered a way to make cells found in the pancreas turn into those that produce insulin, offering hope of a breakthrough treatment for people with type 1 diabetes. More...
US: Hackers bedevil Twitter-Facebook
SAN FRANCISCO, Aug 6 AFP - Hackers have knocked wildly popular micro-blogging site Twitter offline for several hours and caused performance stumbles at hot social-networking service Facebook. More...
US: Clinton briefs top US official on North Korea trip
WASHINGTON, Aug 6 AFP - Ex-president Bill Clinton has given a top US official an initial briefing on his North Korea trip and plans to conduct a more formal and in-depth debriefing for the White House, officials say. More...
FED: I'm sorry OzCar affair still rolling: Turnbull
CANBERRA, Aug 6 AAP - Opposition Leader Malcolm Turnbull is sorry the OzCar affair has dominated the political agenda for so long, but he's not about to apologise to Prime Minister Kevin Rudd for his role in the saga. More...
New jobless claims drop more than expected
The US government says the number of newly-laid off workers seeking unemployment insurance fell last week .. fresh evidence that layoffs are easing. More...
Banks, unemployment data push market higher
MELBOURNE, Aug 6 AAP - The Australian sharemarket closed stronger, pulled up by the resource and financial sectors after better than expected unemployment data and a re- rating of banking stocks. More...
NSW: Dire warnings from scientists as Sydney marks Hiroshima Day
SYDNEY, Aug 6 AAP - Anti-nuclear campaigners have marked the 64th anniversary of the world's first atomic attack with a plea for Australia to reconsider its uranium exports. More...
GULF: Defiant Ahmadinejad sworn in as police break up protests
US: US journalists held separately for four months: sister
LOS ANGELES, Aug 5 AFP - The two US journalists freed by North Korea after more than four months in custody were held separately for most of their time behind bars, a sister for one of the women says. More...
ASIA: Asian nations welcome release of US journalists
TOKYO, Aug 5 AP - South Korea, Japan and China have welcomed the release of two US journalists held by North Korea since March, with Beijing and Tokyo expressing hope that former US president Bill Clinton's trip to the communist nation would help restart nuclear disarmament talks. More...
US: North Korea must stop provocative behavior: Obama
WAKARUSA, Indiana, Aug 5 AFP - President Barack Obama said Wednesday North Korea must stop its nuclear program and provocative behavior, addressing the diplomatic fallout from Pyongyang's release of two US journalists. More...
US: Russian subs patrolling off US coast: Pentagon
WASHINGTON, Aug 5 AFP - The US military on Wednesday said Russian subs were patrolling off the US East coast but Moscow shrugged off the report, saying its vessels always operate legally. More...
Fed: Man accused of plotting terrorism delivers court outburst
One of five men charged with plotting a suicide attack on the Holsworthy army base in New South Wales has accused Australian soldiers of terrorism .. telling the Melbourne Magistrates Court the Australian army kills innocent people in Iraq and Afghanistan. More...
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