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
'Your move' : Obama to world after engagement push
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.
Regularly Updated News As It Arrives From The Editor
House Harris News
NZ surfer rides out tsunami
WELLINGTON, Oct 2 NZPA - A New Zealand surfer escaped death in the Samoan tsunami by riding out the giant waves that surged over the Pacific Island. More...
GENEVA, Oct 1 AFP - Iran has agreed to allow UN access to a new nuclear plant at talks with international powers which included its highest level talks with the United States in three decades, officials say. More...
At least 1,100 dead in Indonesia quake: UN
UNITED NATIONS, New York, Oct 1 AFP - The death toll from the major earthquake in Indonesia has risen to at least 1,100 and was likely to worsen, UN humanitarian chief John Holmes said on Thursday. More...
Shoe thrown at IMF chief as Istanbul protests mount
ISTANBUL, Oct 1 AFP - A Turkish journalist has thrown a shoe at IMF chief Dominique Strauss-Kahn in Istanbul ahead of key meetings on the economic crisis, as rallies set to bring thousands into the streets get under way. More...
Indonesia says thousands likely dead in massive quake
Indonesia expects the death toll from the Sumatran earthquakes to climb into the thousands .. as rescue workers dig with bare hands to reach those trapped under collapsed buildings and homes. More...
First US aid teams reach tsunami-hit American Samoa
WASHINGTON, Oct 1 AFP - US disaster assistance teams have reached tsunami-devastated American Samoa and are providing critically needed aid including emergency power and medical supplies, a top aid official says. More...
World recovering faster than expected: IMF
ISTANBUL, Oct 1 AP - The International Monetary Fund says the global economy is recovering faster than expected - but has warned governments against premature withdrawal of stimulus efforts. More...
US, Iran meet directly at nuke talks
GENEVA, Switzerland, Oct 1 AP - The US says senior American and Iranian delegates have met one-on-one on the sidelines of a high-stakes gathering on Tehran's nuclear program. More...
Communist China marks its 60th year with big parade
BEIJING, Oct 1 Agencies - Tanks and other heavy weaponry rumbled across Beijing behind goose-stepping troops as China celebrated 60 years of communist rule on Thursday with its biggest-ever military review - a symbol of its rapidly expanding global might. More...
CHN:Hong Kong protesters urge human rights on China national day
HONG KONG, Oct 1 AFP - Hundreds of Hong Kong people took to the streets Thursday to urge Chinese leaders to improve human rights and release jailed dissidents as the country celebrated 60 years of communist rule. More...
SYDNEY, Oct 1 AAP - A former federal health minister has dismissed as "crackpots and conspiracy theorists" those who would actively discourage Australians from having their swine flu vaccine. More...
Man awarded $40,000 compensation for pepper spray attack
MELBOURNE, Oct 1 AAP - Victoria Police has been ordered to pay more than $40,000 compensation to a tattoist who was sprayed with capsicum spray by a plain clothes policeman four years ago. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
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. More...
'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. More...
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. More...
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". More...
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...
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