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Standing Wager
Merchant of gloom makes a bet

29 Nov 2008 2:30 AM

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.


High Scores Longest Chase
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.


High Scores
Police dissappointed by young drivers

14 Dec 2008 4:28 PM

Police have arrested a man for driving at 237 kilometres-an-hour on Sydney's Hume Highway.

And .. they say they are extremely disappointed with instances of irresponsible driving by young and inexperienced motorists overnight.


High Scores Possible New Blow
Man blows six times legal limit

31 Dec 2008 2:16 PM

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.


High Scores
P-plate driver returned blood alcohol reading of 0.265

06 Dec 2008 8:18 AM

SYDNEY, Dec 6 AAP - A P-plate driver has returned a blood alcohol reading of 0.265 after allegedly flagging down a police car in northern NSW.

Police said a 26-year-old woman had her licence confiscated after she returned a high-range PCA reading near Tamworth about 8pm (AEDT) on Friday.


Porsche vs Bikes
Porsche and motorcycles in 224km/h road race

20 Dec 2008 4:24 PM

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).


Turbo Rice vs RX7
Two drivers to stand trial over passenger death

15 Dec 2008 5:38 PM

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.


High Scores Oldest Hoon
I'm a skilled driver, says 78yo hoon

By Michelle Draper 06 Jan 2009 5:31 PM

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


House Harris
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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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This is the thing, I actually don't have any dosh and I'm trying to figure out a way to make House Harris work. At the moment the only thing I can do to make revenue is the Google Adsense Ads seen on the newsarticle pages. If you could see your way clear to visit the advertisers from time to time it would help support House Harris.
Feature Story 'Your move' : Obama to world after engagement push

WASHINGTON, Sept 23 AFP - US President Barack Obama sent a clear message to the world on Wednesday: he is looking for payback for his swift action in ending an era of swaggering US unilateralism.

Obama's debut speech to the UN General Assembly marked a pivot point in the new administration's emerging foreign policy and an attempt to seek dividends from a new style of muscular engagement through multilateral fora.


Feature Story 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.

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.


Feature Story 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.

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.


Feature Story 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.

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.


Feature Story Australian 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.

Australia is in better shape than other major advanced economies which have suffered at the hands of the global recession, but economists say this means the Reserve Bank of Australia (RBA) is likely to lift interest rates sooner rather than later.


Feature Story 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.

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.


Feature Story New solar rebate for houses, renters, businesses

CANBERRA, Aug 20 AAP - All households can get a rebate of up to $7,000 for solar panels under a scheme that passed parliament on Thursday.

And for the first time, there is a rebate for putting panels on the roofs of businesses and rental properties.


Feature Story Gorgon deal ties Aust economic destiny to China

CANBERRA, Aug 19 AAP - Australia's economic destiny will be tied to China for the next 20 years after a $50 billion gas deal left the massive Gorgon LNG project on the verge of development.

The $50 billion development of the Greater Gorgon gas fields off Western Australia is virtually assured after the signing of the deal with PetroChina.


Feature Story Economy makes a comeback - tax the focus

CANBERRA, Aug 18 AAP - The economy has made a comeback as the main topic of debate in parliament, with Labor and the Opposition swapping insults over tax, economic stimulus and debt.

The switch back to the economy comes after the government's carbon pollution reduction scheme was defeated in the Senate last week and brighter economic news that Australia has avoided a recession.


Feature Story Henry cautions against getting too cocky on economy

CANBERRA, Aug 17 AAP - Treasury secretary Ken Henry has cautioned against getting too cocky about the upbeat Australian economy - a second global shockwave may still be lurking in the wings.

And as the nation's top economic bureaucrat tried to put the brakes on expectations, the opposition moved to exploit any residual public concern about Labor's record on the economy.


Feature Story Australia headed for worse economic times, report

SYDNEY, Aug 12 AAP - BIS Shrapnel says that despite the recent run of financial good news, the economy will experience falling household incomes, employment and a 17 per cent decline in business investment over the next 12 months.

Beyond 2010, the economic forecaster expects a solid recovery with economic growth rising to four per cent by 2011-12.


Feature Story Dire warnings from scientists as Sydney marks Hiroshima Day

SYDNEY, Aug 6 AAP - Anti-nuclear campaigners have marked the 64th anniversary of the world's first atomic attack with a plea for Australia to reconsider its uranium exports.

A single nuclear bomb dropped by the US on the Japanese city of Hiroshima on August 6, 1945, killed about 140,000 people.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
IMF upgrades point to substantial budget revisions

By Colin Brinsden, Economics Correspondent
Thu Oct 1 21:23:41 EST 2009
Thu Oct 1 11:23:41 UTC 2009

CANBERRA, Oct 1 AAP - Economists believe the latest optimistic upgrades to Australia's economic growth forecasts by the IMF suggest the federal government's projections are in need of a substantial revision.

In its latest World Economic Outlook, released in Istanbul on Thursday, the International Monetary Fund (IMF) jacked up its Australian gross domestic product (GDP) forecasts.

It is also now predicting the nation's unemployment rate will reach 7.0 per cent next year, well below the May budget projection of 8.25 per cent by mid-2010.

"The recent evolution of industrial production, retail sales, and confidence indicators suggests that Australia is on its way to recovery," the IMF said.

For 2009, the IMF forecast growth of 0.7 per cent, having previously expected a 0.5 per cent contraction.

It was the only advanced economy expected to grow this year.

For 2010, it expects the economy to expand by 2.0 per cent, up from its previous estimate of 1.3 per cent growth.

Continued .....

Regularly Updated News As It Arrives From The Editor
House Harris News

Fed:Global economy still facing "considerable challenges":Swan
CANBERRA, Oct 1 AAP - The International Monetary Fund's latest economics forecasts highlights the "considerable challenges" facing the global economy, Treasurer Wayne Swan says.

World economic recovery 'has started': IMF chief
The head of the International Monetary Fund says the global economic recovery has started .. but the crisis isn't over because unemployment will grow and financial sector risks remain.

IMF upgrades point to substantial budget revisions
CANBERRA, Oct 1 AAP - Economists believe the latest optimistic upgrades to Australia's economic growth forecasts by the IMF suggest the federal government's projections are in need of a substantial revision.

Tsunami survivor recounts 'running for our lives'
APIA, Sept 30 AAP - It was supposed to be ten days of blissful rest and relaxation, and for nine days it was.

Turnbull issues ETS ultimatum to partyroom
CANBERRA, Oct 1 AAP - Opposition Leader Malcolm Turnbull has given his party room an ultimatum - back him on climate change or he will quit the leadership.

Party insider says Hawke is hell-bent on power
CANBERRA, Oct 1 AAP - Federal Liberal MP Alex Hawke is a megalomaniac, desperate to shut down potential threats to his position in the party, a Liberal source says.

NSW: Operation Slowdown to target drinking and drug-using driver
Police will target rebel drivers this long weekend .. with some 100 unmarked vehicles on patrol across New South Wales to fight a rising road toll.

Qld: Solo teen sailor Jessica faces second test
BRISBANE, Oct 1 AAP - Teenage sailor Jessica Watson is making her way to Sydney on a trial run before embarking on her bid to set a new world record by circling the globe.

Sydneysider goes from dust storm to tsunami in one week
SYDNEY, Oct 1 AAP - From Sydney's dust storm to Samoa's tsunami, Christopher Vandijk experienced both freak weather events in the space of a week.

Aust stocks close lower after US market falls
MELBOURNE, Oct 1 AAP - The Australian share market closed lower on Thursday after a negative lead from United States markets.

PAC: Death toll in Samoas tsunami reaches 149
APIA, Sept 30 AP - Samoa's prime minister says the death toll from the tsunami that crashed over his island nation has reached 110, bringing the total across the affected South Pacific countries to 149.

IMF sees Aust jobless rate at 7 per cent next year
CANBERRA, Oct 1 AAP - The International Monetary Fund (IMF) has raised its forecasts for economic growth in Australia and predicted the unemployment rate will peak at 7.0 per cent next year.

America armed, but guns not necessarily loaded
NEW ORLEANS, Sept 23 AP - American ammunition-makers are working around the clock, seven days a week, and still can't keep up with the nation's demand.

Wall Street keeps momentum as Fed meets
US stocks have edged higher in opening trade as Wall Street keeps its upbeat tone ahead of the conclusion of a two-day Federal Reserve monetary policy meeting.

Fed slows $1.45T program to aid housing market
WASHINGTON, Sept 23 AP - With the US economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market.

Greenpeace hangs banner from Pittsburgh bridge
PITTSBURGH, Sept 23 AP - The environmental group Greenpeace unfurled a banner below a heavily travelled Pittsburgh bridge and nine representatives of the group have been arrested.

Scientists warn: do not trespass on global boundaries
CANBERRA, Sept 24 AAP - A group of international scientists has marked nine clear lines in the sand that must not be crossed if humans are serious about saving the planet.

Many Australians enjoying GFC, says happiness survey
PERTH, Sept 24 AAP - Australians have coped with the economic slowdown by staying home, chilling out and saving money - and we're all the happier for it.

Israeli settlements in West Bank not legitimate: Obama
UNITED NATIONS, Sept 23 AFP - The United States does not view continued Israeli settlements in the occupied West Bank as legitimate, President Barack Obama told the UN General Assembly on Wednesday.

'Your move' : Obama to world after engagement push
WASHINGTON, Sept 23 AFP - US President Barack Obama sent a clear message to the world on Wednesday: he is looking for payback for his swift action in ending an era of swaggering US unilateralism.

US moves for fewer state secrets
WASHINGTON, Sept 23 AFP - US President Barack Obama's administration on Wednesday made it more difficult for the government to suppress information on security grounds, amid allegations the power was used to cover up Bush-era excess.

IMF chief says give peace a chance
CANBERRA, Sept 23 AAP - It could have been scripted by the late John Lennon, but the International Monetary Fund's (IMF) chief has used a speech in New York to talk about "peace".

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.

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.

NSW: Dust storm cripples Sydney Airport
SYDNEY, Sept 23 AAP - Sydney Airport remains crippled by the dust storm engulfing Sydney and much of NSW.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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