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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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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 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.

A single nuclear bomb dropped by the US on the Japanese city of Hiroshima on August 6, 1945, killed about 140,000 people.


Feature Story Tearful reunions as Clinton mission raises NKorea hopes

BURBANK, California, Aug 5 AFP - Two US journalists tearfully rejoined their families on Wednesday after Bill Clinton won their freedom on a historic trip to North Korea that opened up new possibilities for dialogue with the nuclear-armed hermit state.

Laura Ling, 32, threw her arms triumphantly in the air as she descended the steps from Clinton's chartered plane in Burbank, California and 36-year-old Euna Lee broke down in tears as she hugged her four-year old daughter Hana.


Feature Story 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.

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.


Feature Story 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.

Obama will present the Presidential Medal of Freedom on August 12 to Tutu, a South African anti-apartheid veteran, British physicist Hawking and Yunus, a Bangladeshi micro-financier who won the Nobel Peace Prize in 2006.


Feature Story 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.

Consumer groups applauded the move on Wednesday, as other major banks said they were considering following suit.


Feature Story Terror stalks Indonesia as hotel bombs kill at least 8

JAKARTA, July 17 AFP/AP/AAP - High-explosive bombs tore through two luxury hotels in Jakarta on Friday, killing at least eight people including foreigners as terrorism returned to the world's most populous Muslim nation.

Australian trade official Craig Senger and Perth businessman Nathan Verity were believed to be among the victims of the deadly bomb blasts.


Feature Story Leading economies agree to battle protectionism, warming

L'AQUILA, Italy, July 9 AFP - The world's biggest economies have agreed to fight protectionism and limit global warming as the major emerging powers confront the Group of Eight rich nations at their Italian summit.

Brazil, China, Egypt, India, Mexico and South Africa joined an expanded G8 on its second day on Thursday, determined that US president Barack Obama and his wealthy partners pay the lion's share of the bill for solving the economic crisis.


Feature Story Russia, Obama clinch deals to revive ties

MOSCOW, July 5 AFP - US and Russian leaders Barack Obama and Dmitry Medvedev have announced agreements on nuclear arms cuts and Afghanistan as they seek a new era in battered relations.

The two sides issued a joint declaration on replacing a key disarmament treaty, including figures for reductions in nuclear warheads, and clinched a breakthrough deal for US military transit for Afghanistan across Russia.


Feature Story Iraq death toll spikes as US troops leave cities

BAGHDAD, July 1 AFP - Bombings in the lead-up to the pullback of US forces from Iraq's towns and cities have resulted in the bloodiest death toll seen in the conflict-hit nation in 11 months, official figures show.

About 437 people were killed in June, government ministries announced on Wednesday as Iraqi forces officially took charge in the country's urban areas a day after the pullout of American troops six years after the invasion.


Feature Story Baghdad parties ahead of US pullout

BAGHDAD, June 29 AFP - Tens of thousands of Iraqis partied amid massive security in Baghdad on Monday to mark the imminent pullout of US troops from urban areas and celebrate the restive nation's reclaimed sovereignty.

The American pullback, agreed under a security accord signed last year, will be completed on Tuesday, which has been declared a national holiday, but soldiers and police were out in force as festivities began.


Feature Story Fewer see Turnbull capable of leadership: survey

CANBERRA, June 29 AAP - The news doesn't get any better for Malcolm Turnbull with a fourth opinion poll questioning his ability to lead the opposition, his honesty and his vision for the party.

The weekly Essential Research online survey found Mr Turnbull's disapproval rating spiked to 57 per cent, up from 49 per cent in May, while his approval rating was down six points to 24 per cent.


Feature Story 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.

While the exact circumstances of his death remained unclear, early clues suggested he may simply have pushed his heart too far.


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.

Continued .....

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

Fed: Rudd to call Turnbull's bluff on ETS
KEVIN RUDD is expected to agree today to the opposition's demand to split the climate change legislation.

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.

Australia headed for worse economic times, report
Eds Please note: Story EMBARGOED until 0100 AEST Wednesday, Aug 12)

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Fed: Celebration, what celebration?
CANBERRA, Aug 7 AAP - Hold the champagne - the Rudd government's party poopers are in no mood to celebrate.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

GULF: Defiant Ahmadinejad sworn in as police break up protests
by Jay Deshmukh and Farhad Pouladi

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.

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.

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.

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.

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