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
IMF upgrades point to substantial budget revisions
All House Harris News Articles are individually selected by The Editor
Main Feature Story
Two more rate rises likely this year as jobless rate falls
By Colin Brinsden, Economics Correspondent
Thu Oct 8 22:18:05 EST 2009
Thu Oct 8 11:18:05 UTC 2009
CANBERRA, Oct 8 AAP - An unexpected fall in the jobless rate to a four month low of 5.7 per cent has hardened expectations for another two interest rate rises before Christmas.
Economists say such strength in the labour market has also raised question marks as to whether the federal government should continue with its stimulus measures.
A surprising jobs report for September released on Thursday justified the Reserve Bank of Australia's (RBA) decision to raise the cash rate this week, while stunning both financial markets and economists.
Not only did the unemployment fall to 5.7 per cent after three months of holding at 5.8 per cent, employment grew by a hefty, seasonally adjusted 40,600, which was largely made up of 35,400 full-time workers.
This was in sharp contrast to the 10,000 fall in jobs and six per cent jobless rate economists were expecting.
"To suggest today's outcome was an impressive result is an understatement," RBC Capital Markets senior economist Su-Lin Ong said.
Regularly Updated News As It Arrives From The Editor
House Harris News
Two more rate rises likely this year as jobless rate falls
CANBERRA, Oct 8 AAP - An unexpected fall in the jobless rate to a four month low of 5.7 per cent has hardened expectations for another two interest rate rises before Christmas. More...
Huge quakes spark tsunami alert, panic in Pacific
PORT VILA, Oct 8 AFP - Huge earthquakes and a wide-ranging tsunami alert sent panicked Pacific islanders fleeing for the hills on Thursday fearing a repeat of deadly waves that smashed villages and killed 184 last week. More...
Survivors of deadly India floods return to wrecked homes
RAICHUR, India, Oct 8 AFP - Survivors of flash floods that killed more than 300 people in southern India began to return home Thursday to discover what was left of their houses and belongings. More...
Pacific islanders flee as huge quakes prompt tsunami alert
PORT VILA, Oct 8 AFP - A series of huge earthquakes triggered a tsunami alert over much of the South Pacific on Thursday, sending panicked residents fleeing just days after giant waves killed 184 in the region. More...
Tsunami warning renews panic in Samoa
APIA, Oct 7 AFP - Samoans relived the terror of last week's deadly tsunami on Wednesday, when three huge quakes in quick succession prompted a Pacific-wide tsunami warning. More...
Troop request on table as Obama weighs Afghan mission
SYDNEY, Oct 8 AAP - Australia is not a racist country but plenty of Australians exhibit racist behaviour. More...
Hey Hey skit sees Australia called backward and racist
SYDNEY, Oct 8 AAP - Hey Hey It's Saturday made a splash within a week of its return to Australian television - creating a wave of outrage around the world with a skit featuring men in blackface. More...
Libs to 'settle down' following disunity 'soap opera': Abbott
CANBERRA, Oct 8 AAP - Senior Liberal Tony Abbott says the party has to put the "soap opera" of the last few days behind it and prove it can "pick and stick" with one leader. More...
'Nazi guard' trial to begin November 30: court
The trial of JOHN DEMJANJUK .. accused of assisting in the murder of 28 thousand Jews in a Nazi death camp .. will begin on November 30 in the southern German city of Munich. More...
'Nazi guard' trial to begin November 30: court
The trial of JOHN DEMJANJUK .. accused of assisting in the murder of 28 thousand Jews in a Nazi death camp .. will begin on November 30 in the southern German city of Munich. More...
Man accused of murder says he heard "whoosh" from shed
MELBOURNE, Oct 8 AAP - A man accused of murdering his wife by setting her on fire told police he had seen her smoking in the shed when he heard a "whoosh". More...
Earthquakes cause tsunami panic, but little damage
CANBERRA, Oct 8 AAP - More aftershocks are expected in coming days after a series of powerful earthquakes triggered a tsunami alert for much of the South Pacific, including Australia's northeast coast. More...
Australian anthology to shed light on history
CANBERRA, Oct 8 AAP - A new anthology of the country's best literature has been launched in the US, with the aim of illuminating what it truly means to be Australian. More...
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...
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