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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 New solar rebate for houses, renters, businesses

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.


Feature Story Gorgon deal ties Aust economic destiny to China

CANBERRA, Aug 19 AAP - Australia's economic destiny will be tied to China for the next 20 years after a $50 billion gas deal left the massive Gorgon LNG project on the verge of development.

The $50 billion development of the Greater Gorgon gas fields off Western Australia is virtually assured after the signing of the deal with PetroChina.


Feature Story 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.

The switch back to the economy comes after the government's carbon pollution reduction scheme was defeated in the Senate last week and brighter economic news that Australia has avoided a recession.


Feature Story 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.

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.


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.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Obama touts 'strong alliance' after Japan revolution

By Shaun Tandon Tue Sep 1 03:19:24 EST 2009

WASHINGTON, Aug 31 AFP - US President Barack Obama has called on Tokyo to maintain a strong alliance with Washington, while Asia-Pacific leaders have sought closer ties out of the historic shift in power after Japan's general election.

But Russia's politicians have sent mixed signals and analysts doubt Yukio Hatoyama's centre-left Democratic Party of Japan (DPJ) will change much in relations with Moscow, despite his professed desire to improve ties.

Hatoyama's party won a landslide victory in Sunday's election, ending five decades of almost permanent rule by the conservative Liberal Democratic Party.

Just after polls closed, White House spokesman Robert Gibbs said Obama "looks forward to working closely with the new Japanese prime minister.

"We are confident that the strong US-Japan alliance and the close partnership between our two countries will continue to flourish under the leadership of the next government in Tokyo," Gibbs said in a statement.

The US State Department said it hoped for early talks with Japan on issues ranging from North Korea's nuclear drive to the fight against global warming.

Continued .....

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

UK: UK police to review Rolling Stones guitarist death
LONDON, Aug 31 AP - British police say they will review the death of Rolling Stones guitarist Brian Jones, whose 1969 drowning was ruled an accident but sparked decades of speculation that he was murdered.

CIS: Putin blames WWII on West's deal with Hitler
WARSAW, Poland, Aug 31 AP - Russia's prime minister on Monday condemned Moscow's 1939 treaty with Berlin that carved up Europe, as well as a British and French pact with the Nazis, in remarks published before the 70th anniversary of the start of World War II.

JPN: Obama touts 'strong alliance' after Japan revolution
WASHINGTON, Aug 31 AFP - US President Barack Obama has called on Tokyo to maintain a strong alliance with Washington, while Asia-Pacific leaders have sought closer ties out of the historic shift in power after Japan's general election.

UK: UK police to review Rolling Stones guitarist death
LONDON, Aug 31 AP - British police say they will review the 1969 death of Rolling Stones guitarist Brian Jones.

UK: Scotland: 'Justice' decided Lockerbie decision
LONDON, Aug 31 AP - The decision to release the only person convicted in the Lockerbie bombing was based on justice rather than commercial decisions, a senior Scottish politician said on Monday.

US: US stocks tumble after China sell-off rocks markets
NEW YORK, Aug 31 AFP - US stocks opened lower on Monday as a sharp Chinese sell-off weighed on sentiment amid jitters over whether the global economy has enough momentum to pull out of recession.

UK: Swine flu fears factor in possible school closures
LONDON, Aug 31 AP - As schools around the world reopen, health authorities are bracing for a major spike in swine flu.

ASIA: Australian among 5,000 prisoners released in Vietnam amnesty
HANOI, Aug 31 AP - An Australian is among more than 5000 prisoners Vietnam will release as part of an annual prison amnesty.

US: California wildfire threatens up to 12,000 homes
LOS ANGELES, Aug 21 AP - A bushfire in California threatened up to 12,000 homes on Monday, a day after two firefighters were killed when their vehicle was overrun by fast-moving flames and rolled down a mountainside.

US: Obama touts 'strong alliance' after Japan revolution
by Shaun Tandon

Vic: Megafire warning, more clearing part of bushfire defences
MELBOURNE, Aug 31 AAP - The Victorian government is set to announce a new "megafire" fire danger warning as part of a raft of policy changes in response to the bushfire royal commission's interim report.

Fed: Small earthquake strikes Snowy Mountains
CANBERRA, Aug 30 AAP - A small earthquake has struck the Snowy Mountains.

US: Firefighters battle fierce California wildfires
LOS ANGELES, Aug 30 AFP - Raging southern California wildfires showed no signs of abating early on Sunday, injuring three people and prompting evacuation of 4,000 homes a day after Governor Arnold Schwarzenegger declared a state of emergency.

US: US wildfire surges in size, threatens thousands
LOS ANGELES, Aug 30 AP - A wildfire in the mountains above Los Angeles has surged in every direction, going in a single day from a modest threat to a danger to some 10,000 homes.

UK: Mandela backs Lockerbie bomber release: Scottish official
LONDON, Aug 30 AFP - Nelson Mandela has written to the Scottish government to express his support for its decision to release the Lockerbie bomber on compassionate grounds, officials say.

US: US shuttle Discovery closes in on space station
CAPE CANAVERAL, Florida, Aug 30 AFP - The US shuttle Discovery chased the International Space Station (ISS) on Sunday to deliver a treadmill, food and a laboratory freezer to the orbiting outpost.

NSW: Bushfires set to burn for several days
SYDNEY, Aug 30 AAP - Bushfires on the NSW south coast will remain a threat to life and property for at least several days, says the Rural Fire Service (RFS), while firefighters also battle fires on the Central Coast.

ASIA: India suffers blow to space ambitions
BANGALORE, India, Aug 29 AFP - India's first moon mission, launched amid much fanfare last year, came to an abrupt end after controllers lost contact with the country's lunar craft, the national space agency said.

US: Fierce wildfires force evacuations in California
LOS ANGELES, Aug 29 AP - A growing wildfire in the mountains north of Los Angeles has spread over nearly 23 square kilometres of bone-dry forest, forcing evacuations and sending up massive billows of smoke that are hampering air operations, officials say.

QLD: More hot weather after day of grass fires
Queensland will swelter again in unseasonably high temperatures .. with concerns more fires could be sparked after yesterday's blazes in the state's north kept firefighters busy.

NSW: Motorists ignore safety message despite road carnage
New South Wales police say motorists continue to ignore road safety messages .. after nine people died within 24 hours late last week on the state's roads.

FED: Govt apology for those abused in institutions
SYDNEY, Aug 30 AAP - The federal government is to formally apologise to the hundreds of thousands of people who were abused and neglected as children after being placed in institutions or foster care.

EUR: Swine flu spreading at 'unbelievable' rate: WHO chief
World Health Organisation Director General MARGARET CHAN says swine flu spreads four times faster than other viruses .. and 40 per cent of the fatalities are young adults in good health.

US: Obama lauds Kennedy as 'champion' of dispossessed
BOSTON, Massachusetts, Aug 29 AFP - President Barack Obama has eulogised Senator Edward Kennedy as a "champion" of the poor and dispossessed, unbroken by tragedies which tore mercilessly at his political clan.

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.

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.

Plunge in natural gas prices; new 7-year low
Plunge in natural gas prices; new 7-year low

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.

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.

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.

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.

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.

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.

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.

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.

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.

Oil falls to near $71 on recovery worry
Oil falls to near $71 on recovery worry

US stocks slump amid jobless concerns
US stocks have slumped on concerns over the unemployment situation .. even as the economy stayed on a path of recovery from its deep recession.

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.

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.

Oil touches $75, then falls on deficit numbers
Oil touches $75, then falls on deficit numbers

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.

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