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
Gorgon deal ties Aust economic destiny to China
All House Harris News Articles are individually selected by The Editor
Main Feature Story
New solar rebate for houses, renters, businesses
By Cathy Alexander
Fri Aug 21 00:46:49 EST 2009
CANBERRA, Aug 20 AAP - All households can get a rebate of up to $7,000 for solar panels under a scheme that passed parliament on Thursday.
And for the first time, there is a rebate for putting panels on the roofs of businesses and rental properties.
The rebate means people will pay about $4,000 to install a small solar array and about $8,000 for a bigger system, according to The Solar Shop installation company.
The federal government has chopped and changed solar panel rebates.
There used to be a rebate of $8,000 but the government introduced an unpopular means test on that, then axed the rebate abruptly in June.
Now there's a new rebate, without a means test - and it's here to stay.
It's tied to the Renewable Energy Target (RET) scheme, under which 20 per cent of the country's electricity will come from renewable sources by 2020.
Regularly Updated News As It Arrives From The Editor
House Harris News
EUR: Pandemic virus could get nastier in year two: expert
PARIS, Aug 27 AFP - The swine flu is unlikely to become more virulent as it spreads through the northern hemisphere this northern winter. More...
FED: Govt flu plan under threat if insurers don't cover doctors
SYDNEY, Aug 28 AAP - The federal government's plan to immunise the population against swine flu is under threat because insurers may not cover doctors who administer the injections. More...
Plunge in natural gas prices; new 7-year low
Plunge in natural gas prices; new 7-year low More...
UK: The Great Escape: British records unearth POW tales
LONDON, Aug 27 AFP - Daredevil tales of prisoners-of-war escaping from Colditz and other German camps are being revealed, as records of over 100,000 soldiers caught by the Nazis are put online. More...
Fed: Rudd calls in the boffins
CANBERRA, Aug 27 AAP - Prime Minister Kevin Rudd wants to call in the boffins to bring about better government in Australia. More...
UK: 17-year-old sails round the world and into record books
LONDON, Aug 27 AP - A 17-year-old British sailor has become the youngest person to sail around the world without assistance, completing the solo trip in nine months. More...
EUR: 'Moon rock' in Dutch museum is just petrified wood
AMSTERDAM, Aug 27 AP - It's not green cheese, but it might as well be. More...
FED: UN slams Australia's indigenous policies as 'racist'
CANBERRA, Aug 27 AAP - A UN expert on indigenous rights says the ongoing intervention into remote Aboriginal communities in the Northern Territory is overtly discriminatory and Australia must tackle its "entrenched" racism. More...
ASIA: Indonesia terror network 'larger than thought': think tank
JAKARTA, Aug 27 AFP - The terror network blamed for the Jakarta hotel bombings is "larger and more sophisticated" than thought, a think tank said on Thursday as police quizzed suspects over possible al-Qaeda links. More...
US: Kennedy life, legacy dominates US newspapers
WASHINGTON, Aug 27 AFP - The death of Senator Ted Kennedy has dominated front pages across the United States with newspapers proclaiming it the end of an era and a huge loss for the Democratic Party. More...
US GDP contracts 1 per cent in 2Q
WASHINGTON, Aug 27 AP - The government says the economy shrank at an annual rate of 1 per cent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close. More...
US: 2nd quarter US economic contraction unrevised at 1.0 pct
WASHINGTON, Aug 27 AFP - The US economy shrank at a 1.0 per cent annual pace in the second quarter, the government said on Thursday, leaving unrevised an estimate from a month earlier. More...
US stocks have slumped on concerns over the unemployment situation .. even as the economy stayed on a path of recovery from its deep recession. More...
US: Multi-taskers distracted by everything: study
SAN FRANCISCO, Aug 25 AFP - When it comes to getting things done, multi-tasking is a bane not a blessing, according to Stanford University researchers. More...
CAN: Scientist aims to turn chickens into dinosaurs
MONTREAL, Aug 25 AFP - After years spent hunting for the buried remains of prehistoric animals, a Canadian palaeontologist now plans to manipulate chicken embryos to show he can create a dinosaur. More...
Oil touches $75, then falls on deficit numbers
Oil touches $75, then falls on deficit numbers More...
NSW: Severe weather warning remains for NSW
A severe weather warning remains in place for the New South Wales southeast after gail force winds brought widespread damage and caused power outages to more than seven-thousand Sydney homes. More...
Vic: More wild weather on the way for southern Victoria
MELBOURNE, Aug 26 AAP - Coastal and highland regions of Victoria are in for another battering, with high winds and rain predicted for Wednesday afternoon. More...
SA: Wild storms cause damage in SA
ADELAIDE, Aug 26 AAP - Weather conditions are expected to ease across South Australia, allowing weary emergency and power crews to clear up after winds gusting above to 110km/h lashed the state. More...
US stocks rise after Bernanke nomination
US stocks has climbed on opening as investors appear to welcome President BARACK OBAMA'S widely expected nomination of Federal Reserve chairman BEN BERNANKE for a second term. More...
US: Obama gives Fed chairman Bernanke second term
US President BARACK OBAMA has awarded Federal Reserve Chairman BEN BERNANKE a second term .. charging him with steering the US economy out of the worst slump since the 1930s. More...
NSW: Severe weather warning remains for NSW
SYDNEY, Aug 26 AAP - A severe weather warning remains in place for the NSW southeast after gale force winds brought widespread damage and caused power outages to more than 7,000 Sydney homes. More...
US: Microsoft revs up low-budget mobile phones
SAN FRANCISCO, Aug 24 AFP - Microsoft has unveiled software that lets Twitter, Facebook and other hot Internet services be delivered to low-cost "feature phones" common in developing countries. More...
US: US prisons service denies Madoff cancer reports
NEW YORK, Aug 24 AFP - US prison authorities have denied media reports that convicted Wall Street fraud Bernard Madoff is dying of cancer. More...
US: Madoff dying of cancer: media reports
NEW YORK, Aug 24 AFP - Convicted Wall Street fraud Bernard Madoff is dying of cancer, media reports say. More...
Qld: Hot weather continues and winds increase fire danger
BRISBANE, Aug 25 AAP - The fire danger remains extreme as record-breaking temperatures scorch Queensland. More...
NSW: Stargazers put stellar images on display in Sydney
SYDNEY, Aug 24 AAP - Galileo Galilei may have died more than 350 years ago but his work perfecting what has become the modern telescope is now helping scientists look at images a mind-boggling 13 billion light years away. More...
NSW: New import facility secures long-term fuel supplies
SYDNEY, Aug 24 AAP - A new $40 million petrol and diesel import facility in NSW will secure the Hunter region's fuel needs for years to come, energy giant BP says. More...
US stocks extend rally on recovery hopes
US stocks have maintained their uptrend .. extending a four-day winning streak that's pushed markets to 10-month highs .. amid hopes that the global economy has emerged from recession More...
Oil near $75 per barrel on economic optimism
Oil near $75 per barrel on economic optimism More...
US: Amazon, Microsoft, Yahoo! to oppose Google book project
WASHINGTON, Aug 21 AFP - Google's ambitious book scanning project, already facing anti-trust scrutiny, a court review and privacy concerns, has run into another hurdle. More...
UK: European stocks soar on economic optimism
Europe's main stock markets have soared .. as investors welcomed encouraging economic data in the eurozone.. and US Federal Reserve chief BEN BERNANKE said global recovery prospects appear good. More...
Fed: Asbestos bags used for carpet underlays, new book claims
SYDNEY, Aug 22 AAP - James Hardie has left a deadly legacy kept secret from the public, with asbestos waste used for a range of domestic purposes including driveways and paths, a new book claims. More...
US: US July home sales surged more than 7 per cent
US home sales posted the largest monthly increase in at least 10 years last month .. as first-time buyers rushed to take advantage of a tax credit that expires in october. More...
US: Stocks jump as Bernanke says economy near recovery
US stocks are rallying after Federal Reserve Chairman BEN BERNANKE told investors what they wanted to hear .. The US economy is indeed on the verge of recovery. More...
US: Bernanke says US economy on cusp of recovery
Federal Reserve Chairman BEN BERNANKE says the US economy is on the verge of a long-awaited recovery .. after enduring a brutal recession and the worst financial crisis since the Great Depression. More...
US: CIA hired Blackwater for assassin program: reports
WASHINGTON, Aug 20 AFP - The CIA hired the security firm Blackwater in 2004 to operate in Iraq as part of its secret program to find and kill al-Qaeda leaders, US media said on Thursday, citing current and former intelligence officials. More...
FED: Disability should not overshadow ability: businessman
SYDNEY, Aug 20 AAP - A Danish businessman who runs a successful IT firm staffed only by people with autism says it's time to recognise the special skills of people with disabilities. More...
Fed: Australia a safe place to do business
CANBERRA, Aug 20 AAP - Australia is considered one of the world's safest countries to do business in, given its relatively mild economic slowdown compared to other economies that have been ravaged by recession. More...
Signs of improved global economy support Aust outlook
SYDNEY, Aug 20 AAP - A brighter outlook for the Australian economy is supported by signs of a better performance by the rest of the world. More...
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