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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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.
Regularly Updated News As It Arrives From The Editor
House Harris News
ASIA: 23 dead in Indonesia quake: official
JAKARTA, Sept 2 AFP - At least 23 people were killed when a powerful 7.0-magnitude earthquake struck off Indonesia's Java island on Wednesday, an official said. More...
ASIA: 'Spiderman' fined over Malaysia Twin Towers climb
KUALA LUMPUR, Sept 2 AP - A French climber nicknamed "Spiderman" has been fined 2,000 ringgit (about $A700) for climbing Malaysia's 88-story Petronas Twin Towers. More...
Economic growth all about "stimulus"
CANBERRA, Sept 2 AAP - The ability of the Australian economy to grow while the rest of the world is in recession is all down to the federal government's economic stimulus. More...
Aust economy outperforms rest of world
CANBERRA, Sept 2 AAP - The Australian economy grew at its fastest pace in more than a year in the three months to June, buoyed by the federal government's stimulus measures and near record-low interest rates. More...
ASIA: Dalai Lama in Taipei as nephew says 'gag order' imposed
Eds; replaces earlier copy transmitted in error More...
FED: Dementia on the rise, experts warn
SYDNEY, Sept 1 AAP - The number of Australians living with dementia will top one million within 40 years, as a wave of baby boomers hits the nation's nursing homes. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
US: Obama touts 'strong alliance' after Japan revolution
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. More...
Fed: Small earthquake strikes Snowy Mountains
CANBERRA, Aug 30 AAP - A small earthquake has struck the Snowy Mountains. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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...
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