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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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
NSW: Construction sites all closed as dust clogs Sydney
SYDNEY, Sept 23 AAP - Sydney's dust storm has brought construction work across the city to a halt. More...
NSW: Dust storm engulfs NSW, heads for Brisbane and New Zealand
SYDNEY, Sept 23 AAP - A rare and dirty wind storm that kicked up in South Australia and engulfed NSW on Wednesday may reach Brisbane and even New Zealand before the dust settles. More...
NSW: Dust storm cripples Sydney Airport
SYDNEY, Sept 23 AAP - Sydney Airport remains crippled by the dust storm engulfing Sydney and much of NSW. More...
NSW: Sky turns orange as dust plagues Sydney
SYDNEY, Sept 23 AAP - As dawn broke, Sydney's skyline turned a deep red and then burst into a bright haze of orange. More...
NSW: Sydney and parts of NSW shrouded in dust
Sydney and large parts of New South Wales are shrouded in dust being kicked up by severe winds. More...
Obama warns Israel, Palestinians to move on talks
NEW YORK, Sept 22 AFP - US President Barack Obama has curtly told Israeli and Palestinian leaders to stop stalling and open talks on a comprehensive deal to end an "endless cycle" of conflict and suffering. More...
Turnbull rejects govt deadline on ETS amendments
LONDON, Sept 22 AAP - Opposition Leader Malcolm Turnbull has rejected a government deadline to unveil the coalition's proposed changes to the emissions trading scheme, saying he is prepared to risk an early election. More...
Israel must halt settlement construction: Abbas
NEW YORK, Sept 22 AFP - Palestinian leader Mahmoud Abbas has insisted that Israel must halt settlement construction after trilateral talks hosted by US President Barack Obama aimed at relaunching the peace process. More...
Obama writes IOC members backing Chicago 2016 bid
LONDON, Sept 22 AP - President Barack Obama has written to International Olympic Committee members promising the United States would "welcome the world with open arms" if Chicago is awarded the 2016 Summer Games. More...
Italy, Australia issue joint appeal to G20
ROME, Sept 22 AP - Italy and Australia have issued a joint appeal to the Group of Eight meeting of the world's industralised countries to make it a priority to adopt transparent rules to fight financial speculation and market manipulation. More...
Ambassador: US-UK ties intact despite Lockerbie
LONDON, Sept 22 AP - The US ambassador in London says the release of Lockerbie bomber Abdel Baset al-Megrahi hasn't damaged relations between the trans-Atlantic allies. More...
China shuts Tibet to foreigners before anniversary
BEIJING, Sept 22 AP - China has closed Tibet to foreign tourists and deployed soldiers armed with machine guns in the streets of Beijing - part of a raft of stringent security measures ahead of the 60th anniversary of communist rule. More...
IMF tells central bankers to be more pre-emptive
CANBERRA, Sept 23 AAP - The IMF has backed the Reserve Bank of Australia's (RBA) intention to lift the cash rate in coming months and not leave it at an "emergency" level for any longer than necessary. More...
UN: Al Gore praises China, Japan climate leadership
UNITED NATIONS, Sept 22 AFP - Former US vice president and environmental activist Al Gore has hailed China and Japan for providing global leadership in tackling climate change. More...
US: Obama: final status talks must 'begin soon'
NEW YORK, Sept 22 AFP - US President Barack Obama says final status talks on the creation of a Palestinian state "must begin soon" at a three-way summit designed to jolt stalled Middle East talks back to life. More...
US: Obama calls for urgent Mideast peace talks
NEW YORK, Sept 22 AFP - US President Barack Obama has urged Israelis and Palestinians to work with a "sense of urgency" towards peace talks and said final status negotiations must begin soon. More...
Fed: Tax exemptions a capital gain for the rich
CANBERRA, Sept 23 AAP - The tax treatment of owner-occupied dwellings is far too generous and the biggest beneficiaries are the wealthiest people in the community, according to The Brotherhood of St Laurence. More...
US: Clinton book details 'drunk' Yeltsin and 'unqualified' Bush
WASHINGTON, Sept 22 AFP - Russian leader Boris Yeltsin was once found near the White House late at night dressed in his underwear, seemingly drunk and looking for pizza, according to a new book detailing Bill Clinton's presidency. More...
UN: Japan's new PM pledges emission cuts, help for poor states
UNITED NATIONS, Sept 22 AFP - Japan's new Prime Minister Yukio Hatoyama has pledged to world leaders to make sharp cuts in greenhouse gas emissions and to step up aid to poor countries to combat climate change. More...
UN: China pledges to cut emissions by 'notable margin'
UNITED NATIONS, Sept 22 AFP - Chinese President Hu Jintao has pledged to curb China's carbon dioxide emissions by a "notable margin" by 2020 from their 2005 levels. More...
UN: Obama: US 'determined' to act on climate change
UNITED NATIONS, Sept 22 AFP - US President Barack Obama says the United States is "determined" to act on global warming, but has warned of tough negotiating ahead in the bid to seal a new world climate pact this year. More...
Wall Street climbs on recovery optimism
US shares have climbed to around fresh 11-month highs on economic recovery optimism and company earnings prospects ahead of a Federal Reserve policy level meeting and Group of 20 summit. More...
EUR: Reporters beaten, jailed over green issues: rights group
PARIS, Sept 17 AP - Journalists face increasing threats when they report on companies and governments damaging the environment, a media rights group says, citing arrests, violence and disappearances of those who denounce deforestation, pollution and other damage. More...
MID: Israel warns of impending attacks in India
JERUSALEM, Sept 17 AFP - Israel says it has concrete information of plans by the same group that carried out the Mumbai attacks last year to hit Western and Israeli targets in India. More...
US: World's big polluters kick off climate talks in Washington
WASHINGTON, Sept 17 AFP - Representatives of the world's 17 biggest carbon polluters have kicked off a week of high-stakes talks on climate change with a discussion at the US State Department. More...
US: World's big polluters kick off climate talks in Washington
WASHINGTON, Sept 17 AFP - Representatives of the world's 17 biggest carbon polluters have kicked off a week of high-stakes talks on climate change with a discussion at the US State Department. More...
EUR: NATO chief: US missile shift a 'positive step'
BRUSSELS, Sept 17 AP - NATO Secretary-General Anders Fogh Rasmussen and European leaders have hailed the US decision to shelve plans for a missile shield in the Czech Republic and Poland, calling it a welcome step to improving relations with both Russia and Iran. More...
US: US, Europe offer swine flu vaccine to nations in need
WASHINGTON, Sept 17 AFP - The United States, France and Britain are among nine countries that have pledged to make 10 per cent of their swine flu vaccine supply available to other nations that may need it. More...
US: US to offer 10 per cent of swine flu vaccine abroad: WHouse
WASHINGTON, Sept 17 AFP - The United States is prepared to make 10 per cent of its A(H1N1) vaccine supply available to other countries, the White House said on Thursday. More...
MID: UN report on Gaza war a 'kangaroo court': Netanyahu
JERUSALEM, Sept 17 AFP - Israeli Prime Minister Benjamin Netanyahu has condemned a damning UN report on the Gaza war as a "kangaroo court", saying it was biased from the start. More...
US: Public opinion a good predictor of terror attacks: study
CHICAGO, Sept 17 AFP - Public opinion polls are good predictors of terrorist attacks, according to a study which argues that terrorists do not act independently of their countrymen's attitudes. More...
US: ATM for books in Google print deal
WASHINGTON, Sept 17 AFP - More than two million books in the public domain can be turned into instant paperbacks under a deal announced on Thursday between Google and the company behind a high-speed book-printing machine. More...
US: ATM for books in Google print deal
More than two million books in the public domain can now be turned into instant paperbacks under a deal announced between Google .. and On Demand Books .. the company behind a high-speed book-printing machine. More...
EUR: Nuke agency says Iran can make bomb
VIENNA Sept 17 AP - Experts at the world's top atomic watchdog are in agreement that Tehran has the ability to make a nuclear bomb and is on the way to developing a missile system able to carry an atomic warhead, according to a secret report seen by The Associated Press. More...
EUR: Europe's 'Big Bang' space telescope off to heavenly start
PARIS, Sept 18 AFP - A revolutionary space telescope designed to peek into the remnants of the Big Bang that created the universe has got off to a fine start, the European Space Agency (ESA) said on Thursday. More...
MID: UN report on Gaza war a 'kangaroo court': Netanyahu
JERUSALEM, Sept 17 AFP - Israeli Prime Minister Benjamin Netanyahu on Thursday condemned a damning UN report on the Gaza war as a "kangaroo court," saying it was biased from the start. More...
UK: UK labor unions approve Israeli goods boycott over Gaza
LONDON, Sept 17 AP - British labour unions agreed on Thursday to support a boycott of some Israeli goods in response to the offensive in Gaza. More...
US: Obama unveils new missile defense approach in Europe
WASHINGTON, Sept 17 AP/AFP - US President Barack Obama on Thursday shelved a Bush-era plan for an Eastern European missile defence plan that has been a major irritant in US relations with Russia. More...
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...
Seeking writer to do opinion