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
Early election on the table, Rudd hints
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Main Feature Story
Obama scrapping missile shield for Czech, Poland
By Karel Janicek and William Kole
Thu Sep 17 22:36:13 EST 2009
Thu Sep 17 12:36:13 UTC 2009
PRAGUE, Sept 17 AP - US President Barack Obama has decided to scrap plans for a US missile defence shield in the Czech Republic and Poland that had deeply angered Russia, the Czech prime minister confirmed on Thursday.
NATO's new chief hailed the move as "a positive step" and a Russian analyst said the move will increase the chances that Russia will cooperate more closely with the United States in the dispute over Iran's nuclear program.
Premier Jan Fischer told reporters that Obama phoned him overnight to say that "his government is pulling out of plans to build a missile defence radar on Czech territory."
"The same happened with Poland. Poland was informed in the same way about this intention," Fischer said.
Under the plan, which had been proposed by the Bush administration to defend the United States and its European allies against a possible missile attack from Iran or elsewhere in the Middle East, 10 interceptor rockets were to have been stationed in Poland and a radar system based in the Czech Republic.
But Russia was livid over the prospect of having US interceptor rockets in countries so close to its territory, and the Obama administration has sought to improve strained ties with the Kremlin.
Regularly Updated News As It Arrives From The Editor
House Harris News
EUR: Obama scrapping missile shield for Czech, Poland
PRAGUE, Sept 17 AP - US President Barack Obama has decided to scrap plans for a US missile defence shield in the Czech Republic and Poland that had deeply angered Russia, the Czech prime minister confirmed on Thursday. More...
US: US to scrap plans for missile shield in Europe: WSJ
WASHINGTON, Sept 17 AFP - The United States plans to shelve plans for a missile-defence system based in Poland and the Czech Republic, The Wall Street Journal reports. More...
CIS: Russia delays Mars probe launch until 2012: report
MOSCOW, Sept 16 AFP - Russia will pushed back its flagship satellite mission to Mars' moon until 2011 in a move which will delay the joint launch of China's first Mars probe, space sources were cited as saying on Wednesday. More...
US: Quick million for new Dan Brown book
NEW YORK, Sept 16 AP - Dan Brown does it again. More...
Oly: Obama backs Chicago Olympic bid: 'we want these Games'
WASHINGTON, Sept 16 AFP - US President Barack Obama on Wednesday delivered a strong, personal and highly visible endorsement to the 2016 Olympic bid of his hometown of Chicago, declaring: "we want these Games." More...
EUR: Greenland icesheet could melt faster than thought: study
PARIS, Sept 16 AFP - The Greenland icesheet responded to global warming over the past 10,000 years more quickly than thought, according to a study released on Wednesday. More...
EUR: EU calls on US to do more to tackle climate change
BRUSSELS, Sept 16 AFP - The United States must do more to tackle climate change, the EU presidency said Wednesday, in a challenge to US President Barack Obama ahead of a key international summit in Pittsburgh. More...
US: No decision near on US troops to Afghan war: Obama
WASHINGTON, Sept 16 AP - President Barack Obama says there is no "immediate decision pending" on sending more US troops to Afghanistan. More...
US: 'Bipartisan' US health bill wins no Republican support
WASHINGTON, Sept 16 AFP - After three months of bipartisan talks, Democratic senator Max Baucus unveiled Tuesday a plan for an $US856 billion ($A991.95 billion) overhaul of US health care but his proposals won no Republican support. More...
US: Obama maintains drug blacklist of countries
WASHINGTON, Sept 16 AP - US President Barack Obama has made no changes to the annual US list of major illicit drug producers and transit countries. More...
US: Found: Firm place to stand outside solar system
WASHINGTON, Sept 16 AP - Astronomers have finally found a place outside our solar system where there's a firm place to stand - if only it weren't so broiling hot. More...
US: Officials say robbers used health care ruse
RIVERHEAD, New York, Sept 15 AP - Prosecutors say a man wearing a stethoscope and a woman holding a clipboard forced their way into a New York home under the guise of distributing pamphlets on President Barack Obama's health care plan and shot the residents before stealing $US4,000 ($A4,642). More...
CIS: Iran ready for 'constructive' talks with six powers: Russia
MOSCOW, Sept 15 AFP - Iran is ready to hold "constructive talks" with six world powers next month after it submitted new proposals regarding its disputed nuclear programme, the Russian foreign ministry says. More...
US: Some swine flu victims contagious 8 days or more: studies
SAN FRANCISCO, Sept 15 AFP - Some swine flu victims remain contagious more than eight days after their symptoms have vanished, much longer than expected, said two studies presented at a meeting of experts. More...
EUR: Ilegal downloaders face web ban in France
PARIS, Sept 15 AFP - A bill that will allow authorities to cut off illegal downloaders from the worldwide web has been approved by French lawmakers. More...
US: US support for Afghan war hits new low: poll
WASHINGTON, Sept 15 AFP - US support for the war in Afghanistan has hit a new low, according to a poll released on Tuesday. More...
UK: US share of global power fading: think tank report
LONDON, Sept 15 AP - A weakened United States could start retreating from the world stage without help from its allies abroad, an international strategic affairs think tank said on Tuesday. More...
EUR: WHO chief warns of swine flu threat to poor countries
COPENHAGEN, Sept 15 AFP - Swine flu will have a "devastating effect" on poor countries where lives will be lost due to ill-equipped health care facilities, the World Health Organisation has warned. More...
UN: UN probe: evidence of war crimes in Gaza conflict
UNITED NATIONS, Sept 15 AP - A UN investigation has concluded that both sides in the Israeli-Palestinian conflict in Gaza committed war crimes and possible crimes against humanity, raising the prospect that officials may seek prosecution in the International Criminal Court. More...
EUR: Iran agrees 'new framework of cooperation' with IAEA
VIENNA, Sept 15 AFP - Iran has agreed new terms of cooperation with the UN atomic watchdog regarding the agency's investigation into Tehran's nuclear activities, a top Iranian official says. More...
Fed: Pension increases roll though from Sunday
CANBERRA, Sept 15 AAP - Australia's 3.3 million aged pensioners are to receive long-awaited increases from this Sunday. More...
US Biden arrives in Iraq: White House
WASHINGTON, Sept 15 AFP - US Vice-president Joe Biden arrived in Iraq on Tuesday on his third trip to the country this year, for talks with top Iraqi leaders and to meet American troops, the White House said. More...
NSW: Community organisations to go green under govt grants
SYDNEY, Sept 16 AAP - Preschools, retirement homes and sport clubs around NSW will soon go green, under $5.9 million in state government grants for energy and water upgrades. More...
US retail sales leap 2.7 per cent in August
There's more signs the US is emerging out the financial crisis .. with retail sales surging 2.7 per cent in August. More...
Fed: "Particularly bad" bushfire season coming: experts
CANBERRA, Sept 14 AAP - A bad bushfire season is on the way. More...
Fed: First Australian to finish The Lost Symbol will reveal the mystery
SYDNEY, Sept 14 AAP - Dan Brown fans have been waiting years for his latest book, but one Australian reader is expected to take just over two hours to finish it and reveal its mystery plot to the nation. More...
US: Obama extends Cuba embargo 1 year
WASHINGTON, Sept 14 AP - President Barack Obama has extended the US trade embargo on Cuba for one year, the White House said in a statement released on Monday. More...
GULF: Iran agrees date for nuclear talks in move welcomed by US
EUR: 40 per cent of swine flu patients young and healthy: WHO
VIENNA, Sept 14 AFP - About 40 per cent of people who have died of swine flu or fallen seriously ill were young and otherwise healthy, an expert from the World Health Organisation told a conference in Vienna on Monday. More...
FED: New gases in greenhouse alert
CANBERRA, Sept 14 AAP - The federal government will consider a proposal to cut the use of hydroflurocarbons (HFCs), a group of powerful greenhouse gases. More...
US: Anger at economy will not derail Obama on health
WASHINGTON, Sept 14 AFP - American anger at the cost of propping up the US economy will not force President Barack Obama to row back on his ambitious health care reform plans, the White House said. More...
National Broadband Network names former Alcatel exec to team
SYDNEY, Sept 14 AAP - NBN Co Ltd, the company established to deliver the national broadband network, has appointed a former Alcatel-Lucent executive to its growing, high-powered managerial line up. More...
Fed: Good news on climate change: Garnaut surprised
CANBERRA, Sept 14 AAP - Australia's top climate expert is upbeat about the future, saying the world is fighting back well against climate change. More...
Labor talks tough on insurance but Senate stands firm
CANBERRA, Sept 14 AAP - The federal government insists it's serious about recalling parliament before Christmas to reconsider its private health insurance changes, but key crossbench senators say it's not going to happen. More...
Oppn to move NBN amendments in Senate
CANBERRA, Sept 14 AAP - The opposition says it will seek to amend laws that would compel telcos to provide information about their existing infrastructure so that the national broadband network can be built. More...
US: Obama heckler refuses to apologise in the House
WASHINGTON, Sept 13 AFP - The lawmaker who shouted "You lie!" at President Barack Obama during his speech to Congress on health care says he will not make a further apology on the floor of the House. More...
FED: Australia not carbon competitive: report
CANBERRA, Sept 14 AAP - Australia has ranked among the worst in the developed world for being carbon competitive, potentially threatening future investment. More...
US: US anger at economy will not derail Obama on health: WHouse
WASHINGTON, Sept 13 AFP - American anger at how much has been spent propping up the US economy will not persuade President Barack Obama to row back on his ambitious health care reform plans, the White House says. More...
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...
Seeking writer to do opinion