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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Australian stimulus backed by G20 agreement, Swan says
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Early election on the table, Rudd hints
Fri Sep 11 01:08:29 EST 2009
MELBOURNE, Sept 10 AAP - A double dissolution may be on the cards if the federal opposition does not pass its health insurance reforms, Prime Minister Kevin Rudd has hinted.
The legislation, which would allow the government to means test private health insurance rebates for singles earning more than $75,000 a year and couples earning $150,000 a year, was defeated in the Senate on Wednesday night.
If the legislation is defeated again in the Senate before the end of the year, the government will have the trigger for an early election.
Speaking on the ABC's 7.30 Report on Thursday, Mr Rudd said a double dissolution was possible.
"My own instincts have always been for a government to serve out its full term," Mr Rudd said.
"I don't believe the Australian people like a government going to elections early. I also have a responsibility for the proper, prudent financial management of Australia."
Mr Rudd said the legislation would save the government more than $9 billion and was crucial to government's plan to return the budget to surplus after the world financial crisis.
Regularly Updated News As It Arrives From The Editor
House Harris News
US: Obama tells Brown of disappointment over Lockerbie release
WASHINGTON, Sept 10 Agencies - US President Barack Obama told British Prime Minister Gordon Brown in a telephone call of his "disappointment" at Scotland's freeing of the Lockerbie bomber, the White House says. More...
FED: Study to test public's view on nuclear power: report
SYDNEY, Sept 11 AAP - The public's view on nuclear power will be tested in a study funded by the federal government, The Australian reports. More...
US: Space shuttle dodges debris on way home to Earth
CAPE CANAVERAL, Florida, Sept 10 AP - NASA has moved the space shuttle Discovery out of the way of a mystery piece of orbiting junk and is hoping for a scheduled landing on Earth. More...
NSW: Tourists attempt non-stop tweeting in Sydney
SYDNEY, Sept 11 AAP - Three tourists from Los Angeles will attempt to tweet about their adventures once every minute - or 4320 times - during a 72-hour stay in Sydney. More...
Fed: Turnbull fires another shot in history wars
CANBERRA, Sept 10 AAP - Malcolm Turnbull has referenced the central character in George Orwell's epic novel 1984 to describe the prime minister's version of recent events as intellectual larceny. More...
Fed: Early election on the table, Rudd hints
MELBOURNE, Sept 10 AAP - A double dissolution may be on the cards if the federal opposition does not pass its health insurance reforms, Prime Minister Kevin Rudd has hinted. More...
House sales up 32 pct year-on-year in June qtr - RP Data
SYDNEY, Sept 10 AAP - The residential property market rebounded in the past year with house sales up by almost third across the nation, a leading analyst says. More...
Weak labour market the inevitable result of slow economy
SYDNEY, Sept 10 AAP - The latest jobs figures confirm the weakness that is the inevitable outcome of slow economic growth. More...
CAN: Canadian drunk driver gets life sentence
SALABERRY-DE-VALLEYFIELD, Quebec, Sept 9 AP - A Canadian drunk driver has been sentenced to life in prison for mowing down a woman in a wheel chair. More...
US: Flurry of last-minute objections to Google book project
WASHINGTON, Sept 8 AFP - Microsoft, the French government, privacy advocates and other groups filed last-minute objections on Tuesday to Google's ambitious plan to scan and sell millions of books online. More...
UK: British medics suspended for joining 'lying down' craze
LONDON, Sept 9 AFP - Seven British hospital staff have been suspended for allegedly playing the "lying down game" - an internet craze where people photograph themselves face down in odd places - while on duty. More...
EUR: US voices bomb fears as Iran submits nuclear proposals
VIENNA, Sept 9 AFP - Iran may have enough nuclear material to put together an atomic bomb, the United States said on Wednesday, as Tehran submitted proposals to resolve the international More...
US: US outlook 'cautiously positive': Beige Book
WASHINGTON, Sept 9 AFP - The outlook for the US economy has become "cautiously positive" with conditions stabilising from the deep recession, the Federal Reserve said in its Beige Book report on Wednesday. More...
US: Obama recalls restless youth in kids address
WASHINGTON, Sept 8 AFP - Barack Obama on Tuesday held up his personal journey from wayward youth to the presidency to challenge US children to excel, in a back-to-school speech that sparked conservative fury. More...
US: US money manager accused of porn-linked fraud
WASHINGTON, Sept 8 AFP - A New York fund manager was accused on Tuesday of running a $US40 million ($A46.77 million) fraudulent investment scheme that pumped clients' money into a pornography mail order business, officials said. More...
UK: British neo-Nazi jailed over racist terror plot
LONDON, Sept 8 AFP - A British neo-Nazi who wanted to emulate Oklahoma City bomber Timothy McVeigh was jailed for at least six years on Tuesday for plotting a racist terror campaign. More...
EUR: Feeding the world: which countries are most at risk?
PARIS, Sept 7 AFP - Most of sub-Saharan Africa and South Asia are facing extreme or high risk of food shortages, according to a ranking of 148 nations obtained by AFP. More...
US:Obama urges kids to stay in school, appeals to responsibility
WASHINGTON, Sept 7 AFP - President Barack Obama planned to urge children to study hard and make the most of their educations in a back-to-school address that some conservatives worried had a political cast. More...
Fed:Further complaints of rorting in international students sector
CANBERRA, Sept 7 AAP - Fresh allegations of corruption have been levelled against private college operators, further damaging Australia's reputation as a destination for international students. More...
FED: Changes to IMF and World Bank red tape a concern: Hockey
CANBERRA, Sept 7 AAP - Allowing the federal government to automatically adopt changes to the rules governing International Monetary Fund and World Bank members could undermine democracy in Australia, the opposition has suggested. More...
Fed: Opposition stimulus schools assault falls flat
CANBERRA, Sept 7 AAP - Labor can keep its thousands of Nation Building economic stimulus signs outside schools after agreeing to put authorisations on them. More...
Vic: Solar power station in doubt as receivers move in
MELBOURNE, Sept 8 AAP - A bid to build the world's largest solar power station in Victoria's northwest is in doubt after the company involved was placed in receivership. More...
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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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...
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