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
Australia headed for worse economic times, report
All House Harris News Articles are individually selected by The Editor
Main Feature Story
Henry cautions against getting too cocky on economy
By Sandra O'Malley
Mon Aug 17 19:53:41 EST 2009
CANBERRA, Aug 17 AAP - Treasury secretary Ken Henry has cautioned against getting too cocky about the upbeat Australian economy - a second global shockwave may still be lurking in the wings.
And as the nation's top economic bureaucrat tried to put the brakes on expectations, the opposition moved to exploit any residual public concern about Labor's record on the economy.
In parliamentary question time on Monday, the coalition raised the prospect of possible tax hikes by the federal government following reports it was considering a capital gains tax on the country's poshest homes.
It questioned, too, whether an increase in the fuel excise could be on the agenda, as well as tax hikes to help fund Labor's health program.
The coalition strategy coincides with a new poll that suggests the economy remains one of the few possible weak spots for Labor.
A poll by Essential Research showed the Rudd government was still playing catch up with the previous Howard government when it came to how capable it was perceived at handling the economy.
The survey found 39 per cent believed the Howard government was better at handling the economy, against 37 per cent for the Rudd government.
Regularly Updated News As It Arrives From The Editor
House Harris News
Fed: Economy makes a comeback - tax the focus
CANBERRA, Aug 18 AAP - The economy has made a comeback as the main topic of debate in parliament, with Labor and the Opposition swapping insults over tax, economic stimulus and debt. More...
Fed:Devil geneticist and malaria researcher awarded Eureka prize
SYDNEY, Aug 18 AAP - A Sydney geneticist working to cure Tasmanian Devils of cancer has joined a dedicated malaria researcher in winning two of the top Eureka prizes - dubbed the Oscars of Australian science. More...
SAN FRANCISCO, Aug 17 AFP - A hacking incident report released Monday warns there has been a steep rise in attacks at social-networking hotspots including wildly popular microblogging service Twitter. More...
US: Obama denounces Russian truck bomb attack
WASHINGTON, Aug 17 AFP - US President Barack Obama said Monday he was "deeply troubled" by reports of an apparent suicide attack on a police compound in southern Russia that killed at least 20 people. More...
US: End of the world no time for a snack: Obama
PHOENIX, Arizona, Aug 17 AFP - US President Barack Obama, taking aim at costly military programs of questionable value, said Monday he really did not need a new presidential helicopter with an Armageddon-proof kitchen. More...
US: Obama warns of more 'senseless' violence in Iraq
PHOENIX, Arizona, Aug 17 AFP - President Barack Obama warned Monday that Iraqis would be tested by more "senseless" violence but vowed the United States would meet its deadline to pull out all troops by the end of 2011. More...
US: 40 per cent of Twitter messages 'pointless babble': study
WASHINGTON, Aug 17 AFP - Forty per cent of the messages on Twitter are "pointless babble" along the lines of "I am eating a sandwich now," according to a study conducted by a US market research firm. More...
US: Obama warns of more 'senseless' violence in Iraq
PHOENIX, Arizona, Aug 17 AFP - President Barack Obama warned on Monday that Iraqis would be tested by more "senseless" violence but vowed the United States would meet its deadline to pull out all troops by the end of 2011. More...
EUR: 'Smallest artificial heart pump' implanted: German hospital
Doctors in Germany have successfully implanted the world's smallest artificial heart pump .. billed as more effective and unobtrusive than earlier devices. More...
US: Obama warns Afghan victory not 'quick' nor 'easy'
PHOENIX, Arizona, Aug 17 AFP - US President Barack Obama warned Monday that victory over insurgents in Afghanistan would not be "quick" nor "easy," days before an election there was marred by rising Taliban violence. More...
EUR: NATO launches new anti-piracy operation off Somalia
LISBON, Aug 17 AFP - NATO has launched operation Ocean Shield to help fight rampant piracy off the Horn of Africa after the alliance's North Atlantic Council approved the mission, it said in a statement. More...
UK: British UFO sightings spiked when blockbusters released
LONDON, Aug 17 AFP - Lemon-headed aliens, scrambled fighter jets and mysterious lights over a cemetery were among details of some 800 UFO sightings released by British authorities on Monday. More...
CIS: Russia power plant accident kills 8, scores missing
MOSCOW, Aug 17 AFP - Water pipes have ruptured at Russia's largest hydroelectric plant, causing flooding that killed at least eight people and left scores missing, officials said. More...
Fed: Soaring population is the real problem, says Labor MP
CANBERRA, Aug 17 AAP - Soaring global population is the big problem because the more people there are, the more carbon dioxide is released, a Labor backbencher says. More...
US: Victory in Afghanistan will not be 'quick' or 'easy' : Obama
PHOENIX, Arizona, Aug 17 AFP - US President Barack Obama warned on Monday that victory over insurgents in Afghanistan would not be "quick" or "easy," days before an election there marred by rising Taliban violence. More...
MID: Protesters heckle US Republican Huckabee in Jerusalem
JERUSALEM, Aug 17 AFP - About 100 protesters heckled former US Republican presidential hopeful Mike Huckabee on Monday as he attended a function to support Jewish settlements in mainly Arab east Jerusalem. More...
US: Huffington Post goes social with Facebook
WASHINGTON, Aug 17 AFP - The Huffington Post, the popular news and opinion website, launched a collaboration with Facebook on Monday that allows users to share stories with their friends on the social network. More...
Wall Street dives amid recovery worries
US stocks have dived .. as investors worried about whether the early signs of economic recovery and recent market rallies have staying power. More...
Fed:Productivity growth key in nation's economic recovery:Rudd
CANBERRA, Aug 17 AAP - Prime Minister Kevin Rudd has pointed to a boost in productivity growth as being key in the nation's recovery from the global financial crisis. More...
Fed: Coal gas to get green credits under "Mad Hatter" scheme
CANBERRA, Aug 17 AAP - Electricity bills are likely to rise to cover extra payments to coal mining companies because their product is "renewable". More...
FED: Renewable energy target scheme passes lower house
CANBERRA, Aug 17 AAP - Federal Labor's renewable energy target (RET) scheme has passed the lower house with the government using its numbers to defeat a raft of coalition amendments. More...
Fed: Aust should have carbon tax, not ETS: oil giant ExxonMobil
CANBERRA, Aug 17 AAP - Oil giant ExxonMobil says Australia should have a carbon tax, not an emissions trading scheme (ETS). More...
Henry cautions against getting too cocky on economy
CANBERRA, Aug 17 AAP - Treasury secretary Ken Henry has cautioned against getting too cocky about the upbeat Australian economy - a second global shockwave may still be lurking in the wings. More...
Vic: Firefighters' union slams soft approach on evacuations
MELBOURNE, Aug 17 AAP - It is ludicrous that Australia is one of the only countries in the world without mandatory evacuations from bushfires, the firefighters' union says. More...
Vic: Bushfires report won't solve major fire risk: expert
MELBOURNE, Aug 17 AAP - Major changes laid out in the Bushfires Royal Commission interim report won't remove one major risk in the coming fire season, a bushfire expert says. More...
Fed: Rudd says he isn't aware of any housing CGT request
CANBERRA, Aug 17 AAP - Prime Minister Kevin Rudd say he isn't aware of any request for the ongoing taxation review to examine imposition of capital gains tax on expensive homes. More...
ASIA: US man's 'regrettable' actions hurt Suu Kyi: Webb
BANGKOK, Aug 16 AFP - The US man deported by Burma after swimming to the home of Aung San Suu Kyi had harmed the democracy icon by his "regrettable" actions, the US senator who secured his release said on Sunday. More...
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. More...
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...
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