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
Australian economy outperforms rest of world
All House Harris News Articles are individually selected by The Editor
Main Feature Story
Australian stimulus backed by G20 agreement, Swan says
By Valkerie Baynes
Sun Sep 6 04:52:26 EST 2009
LONDON, Sept 5 AAP - Australia's approach to economic stimulus has been supported by a renewed commitment from G20 nations to carry on with measures to boost the global economy despite signs of a recovery, Treasurer Wayne Swan says.
Speaking after a meeting of finance ministers from the G20 group of developed and developing countries in London on Saturday, Swan said Opposition calls to rein in stimulus spending are out of touch.
"They simply don't understand the nature of the global recession, its impact on Australian households," Swan told reporters.
"It's pleasing to see that the IMF (International Monetary Fund), the G20, the business community across the board in Australia, the Liberal Treasurer of Western Australia, Troy Buswell, all understand the importance of economic stimulus and what it has done to support the Australian economy in its hour of need."
Swan reiterated that Australia's annual gross domestic product (GDP) would have dropped by 1.3 per cent instead of growing at an annual pace of 0.6 per cent, as figures last week showed, had it not been for the government's stimulus package.
"I'm really proud of what our nation has achieved by all working together, employees and employers," Swan said.
"Economic stimulus has been boosted by the fact that there was a very determined mood in Australia for people to come together and to work hard through these difficult times.
Regularly Updated News As It Arrives From The Editor
House Harris News
US: 2,000 students at US university report swine flu symptoms
About two thousand students at Washington State University have reported symptoms of swine flu .. in one of the largest reported outbreaks of the virus on a US college campus. More...
UK: New letters on UK-Libyan ties outrage IRA victims
LONDON, Sept 6 AP - Britain made no demands that Libya offer compensation for Britons killed by Libyan explosives supplied to Irish Republican terrorists for fear it could jeopardise ties with Tripoli, according to new documents released on Sunday. More...
WASHINGTON, Sept 6 AP - White House environmental adviser Van Jones, embroiled in a controversy over past inflammatory statements, has resigned after what he called a "vicious smear campaign against me". More...
WASHINGTON, Sept 6 AP - White House environmental adviser Van Jones, embroiled in a controversy over past inflammatory statements, has resigned after what he called a "vicious smear campaign against me". More...
UK: Australian stimulus backed by G20 agreement, Swan says
LONDON, Sept 5 AAP - Australia's approach to economic stimulus has been supported by a renewed commitment from G20 nations to carry on with measures to boost the global economy despite signs of a recovery, Treasurer Wayne Swan says. More...
UK: Australian stimulus backed by G20 agreement, Swan says
LONDON, Sept 5 AAP - Australia's approach to economic stimulus has been supported by a renewed commitment from G20 nations to carry on with measures to boost the global economy despite signs of a recovery, Treasurer Wayne Swan says. More...
UK: G20 agrees next steps on bonuses, post-crisis blueprint
LONDON, Sept 5 AFP - The G20 has vowed to maintain emergency measures to fight the world economic crisis, warning that it's not over yet, while tensions between Europe and the United States remain over bankers' bonuses. More...
US: Deadly US wildfire's western end under control
LOS ANGELES, Sept 5 AP - The entire western edge of the massive wildfire burning north of Los Angeles is under control, but the arson-caused blaze continues to move unchecked into wilderness to the east, officials say. More...
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UK: US sees global growth but 'challenges' ahead: Geithner
LONDON, Sept 5 AFP - US Treasury Secretary Tim Geithner says global economic growth is "underway", but warned that "significant challenges" remain ahead. More...
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House Harris RSS http://b5.net/news/index.html More...
ASIA: Britain's Ashdown asks whether Afghanistan war can be won
LONDON, Sept 5 AFP - Britain needs to ask whether the war in Afghanistan can still be won, the former high representative in Bosnia says. More...
UK: G20 pledges continued economic stimulus
LONDON, Sept 5 AP - The Group of 20 rich and developing countries have pledged to carry on with measures to boost the global economy, despite signs of a recovery. More...
UK: G20 vows to maintain pressure to ease economic crisis
LONDON, Sept 5 AFP - G20 finance ministers have pledged to maintain emergency measures to reverse the global economic recession -- including action on bankers' bonuses -- saying the crisis is not over yet. More...
EUR: Oopsie! Police slash research hemp instead of pot
THE HAGUE, Sept 3 AP - Dutch police who mowed down what they thought were illicit marijuana plants were red-faced on Thursday when it emerged they'd ruined a research group's giant, officially sanctioned field of harmless hemp. More...
UK: Swan warns against early withdrawal of economic stimulus
Australian Treasurer WAYNE SWAN is warning premature withdrawal of economic stimulus could derail a global recovery .. on the eve of the G20 finance ministers' meeting in London. More...
US: Spacewalk still on despite approaching space junk
CAPE CANAVERAL, Florida, Sept 3 Agencies - A large piece of space debris drifted toward the International Space Station on Thursday, but NASA said it would not affect the second of three spacewalks outside the orbiter. More...
EUR: Swiss, Chinese unveil breakthrough swine flu vaccines
BASEL, Switzerland, Sept 3 AFP - Swiss pharmaceutical giant Novartis says it has tested a new swine flu vaccine that may require only one dose while China has also unveiled a one-dose drug designed to curb the pandemic. More...
EUR: World heading for climate 'abyss': UN chief
GENEVA, Sept 3 AFP - The world is accelerating towards a climate catastrophe, UN chief Ban Ki-moon has warned, urging rapid progress in talks to cut emissions and tackle global warming. More...
EUR: OECD predicts earlier recovery than forecast
PARIS, Sept 3 AP - The world economy is headed for an earlier recovery than previously forecast, although the pace of the rebound will likely remain modest for some time to come, the OECD says. More...
CAMFidel Castro says he and Oliver Stone spoke of Bush "horrors"
HAVANA, Sept 3 AFP - Fidel Castro discussed the political "errors and horrors" of former US president George W Bush with filmmaker Oliver Stone, the Cuban leader wrote on Thursday. More...
US: Finger bitten off during California health protest
THOUSAND OAKS, California, Sept 3 AP - California authorities say a clash between opponents and supporters of health care reform ended with one man biting off another man's finger. More...
US: Finger bitten off during California health protest
THOUSAND OAKS, California, Sept 3 AP - California authorities say a clash between opponents and supporters of health care reform ended with one man biting off another man's finger. More...
Fed: Stimulus school signs to get disclaimer sticker
CANBERRA, Sept 3 AAP - The federal government will place disclaimer stickers on signs outside schools advertising its stimulus measures after criticisms they could influence voters on election day. More...
AFR: Lockerbie bomber taken to intensive care
TRIPOLI, Sept 2 AP - The only man convicted in the 1988 Lockerbie bombing was taken to intensive care on Wednesday after his illness from terminal prostate cancer worsened, family members said. More...
US: Pfizer to pay record $2.3B penalty over promotions
WASHINGTON, Sept 2 AP - Pfizer Inc, the world's largest drug maker, will pay a record $US2.3 billion ($A2.78 billion) civil and criminal penalty over unlawful prescription drug promotions, the Justice Department announced on Wednesday. More...
MID: Israeli archaeologists find ancient fortification
JERUSALEM, Sept 2 AP - Archaeologists digging in Jerusalem have uncovered a 3,700-year-old wall that is the oldest example of massive fortifications ever found in the city, the Israel Antiquities Authority said Wednesday. More...
AFR: Lockerbie bomber in intensive care: Libyan official
TRIPOLI, Sept 2 AFP - The convicted Lockerbie bomber, released from a Scottish jail last month on compassionate grounds because of terminal cancer, has been admitted to hospital intensive care in Tripoli, a Libyan official said on Wednesday. More...
ASIA: Freed reporters describe North Korea ordeal
SEOUL, South Korea, Sept 2 AP - Two female US journalists imprisoned in North Korea for months say communist soldiers "violently dragged" them back when they returned to Chinese soil after briefly crossing into the reclusive country. More...
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...
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