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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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Feature Story Australia headed for worse economic times, report

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.


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.


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.

Continued .....

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.

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.

US: Cyber crooks riding social-networking wave: report
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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".

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.

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).

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.

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.

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.

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.

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.

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.

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