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
Two more rate rises likely this year as jobless rate falls
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Main Feature Story
Australia not starry-eyed about China - Smith
By Sandra O'Malley, Diplomatic Correspondent
Tue Oct 27 00:50:03 EST 2009
Mon Oct 26 13:50:03 UTC 2009
CANBERRA, Oct 26 AAP - Australia isn't starry-eyed about its relationship with China, acknowledging the differences that arise between a robust parliamentary democracy and a communist nation.
While the federal government took a realistic approach to the relationship, Foreign Minister Stephen Smith said it was crucial to remember the importance of ties between China and Australia.
"The scale and the ramifications of the relationship are, however, often under appreciated," he said in a speech to the Australian National University's China Institute on Monday.
Mr Smith chided those who tended to highlight the negatives in the relationship between Canberra and Beijing rather than looking at the more "enduring picture".
Much of the focus this year has been on a number of high-profile cases, including the detention of Rio Tinto executive Stern Hu, Beijing's disapproval at the visit to Australia by exiled Uighur leader Rebiya Kadeer and the failed grab for a greater share of Rio Tinto by China's state-owned Chinalco.
"Australia is clear-eyed, not starry-eyed, in its assessment of China and its view of the bilateral relationship," Mr Smith said.
"We recognise the significant economic and social progress that has been made in China on many fronts, and look forward to its continuation."
Regularly Updated News As It Arrives From The Editor
House Harris News
Alleged Fort Hood shooter paralyzed froom chest down: report
WASHINGTON, Nov 22 AFP - US Army Major Nidal Hasan, who is charged with killing 13 people at Fort Hood, Texas, earlier this month, is paralysed from the chest down and doctors believe his paralysis will be permanent, The Washington Post reported late on Sunday More...
Scientology still under hammer amid calls for inquiry
CANBERRA, Nov 23 AAP - For the three days leading up to soldier Edward McBride's suicide, his family say he was bombarded by telephone calls and texts from Church of Scientology members. More...
Parliament House protest
Police have given climate change protesters who are blockading Parliament House in Canberra 15 minutes to move away from the building's entrance .. but some are refusing to go. More...
IT would bring $28 bln in benefits for health:business
CANBERRA, Nov 23 AAP - A leading business lobby group is calling on the federal government to implement a national e-health strategy that would bring benefits of nearly $28 billion in its first eight years. More...
News Corp, Microsoft hold talks on locking out Google
LONDON, Nov 23 AFP - Microsoft has held talks with Rupert Murdoch's News Corp over a possible plan for the software giant to pay the media company to remove its news websites from Google, a report said on Monday. More...
Michael Jackson wins four American music awards
LOS ANGELES, Nov 22 AP - Michael Jackson has made history by winning four American Music Awards. More...
WA: Freddo frog charges withdrawn
PERTH, Nov 16 AAP - A 12-year-old Aboriginal boy has been awarded costs after charges involving the theft of a chocolate Freddo Frog were withdrawn in a West Australian court. More...
Petrol price down
CANBERRA, Nov 23 AAP - The average price of petrol has fallen for the first time in a month. More...
Support for Labor rebounds in latest Newspoll
SYDNEY, Nov 16 AAP - Support for Labor has rebounded in the latest Newspoll, with Kevin Rudd maintaining a strong lead as preferred prime minister despite Opposition Leader Malcolm Turnbull gaining some ground amid the asylum-seeker debate. More...
Labor to try again on private health insurance rebate
CANBERRA, Nov 16 AAP - The Rudd government is pushing ahead with its plan to means test the private health insurance rebate, with Labor to reintroduce the once-defeated legislation on Thursday. More...
ETS moves one step closer
CANBERRA, Nov 16 AAP - Australia has moved one step closer to having an emissions trading scheme after draft laws passed the lower house, as the government hinted there was more room to move on the coalition's wishlist of changes. More...
Police officer charged over alleged teen sex assault
SYDNEY, Nov 16 AAP - A 40-year-old NSW police officer has been charged after allegedly indecently assaulting a teenage girl while on duty in the Hunter Valley. More...
CHI: Language skills on display at Obama's China Q&A
SHANGHAI, Nov 16 AP - Chinese students visiting on Monday with US President Barack Obama during a town hall-style meeting wanted to show off their language skills. The US ambassador to China did the same. More...
Homes under threat as bushfire breaks out in Sydney=3D2
The fire started in Western Sydney Parklands and is burning west of the M7, in a south-easterly direction towards the properties, the RFS said. More...
Apology no time for self-congratulation: Abbott=3D2
Steve Irons, the only member of the present parliament who is a Forgotten Australian, said the apology was about healing the scars and "starting to set things right". More...
Victims abused for bed wetting and locked under stairs
CANBERRA, Nov 16 AAP - As young girls, they had their faces rubbed until the blood flowed for wetting the bed. More...
Homes under threat as bushfire breaks out in Sydney
SYDNEY, Nov 16 AAP - Homes in Sydney's southwest are under threat from a bushfire which has broken out as the city swelters in hot conditions. More...
Energy company close to producing first UCG power
BRISBANE, Nov 16 AAP - Energy company Carbon Energy will this week move a step closer to producing its first electricity from coal without having to dig it up. More...
Guarded hope as Obama engages Burma
WASHINGTON, Nov 15 AFP - Supporters of Burma's democracy icon Aung San Suu Kyi voiced guarded hope after US President Barack Obama raised her case directly with the junta, but some accused Southeast Asian leaders of undercutting his message. More...
Govt delivers national apology to Forgotten Australians
CANBERRA, Nov 16 AAP - There was hardly a dry eye in the Great Hall of Parliament House on Monday as Prime Minister Kevin Rudd apologised to the Forgotten Australians, recalling the "ugly chapter" of the nation's history. More...
Police charge 246 with drink-driving in three-day blitz
SYDNEY, Nov 16 AAP - NSW's police chief says he's "appalled" by driver irresponsibility after 246 people were charged with drink-driving over the weekend. More...
Israel rations Palestinians to trickle of water: Amnesty
NEW YORK, Oct 26 AFP - US stocks ticked higher on Monday as investors braced for another wave of company earnings reports after the market faltered last week despite results that generally topped analyst forecasts. More...
Australia not starry-eyed about China - Smith
CANBERRA, Oct 26 AAP - Australia isn't starry-eyed about its relationship with China, acknowledging the differences that arise between a robust parliamentary democracy and a communist nation. More...
Latvian experts investigate large crater
RIGA, Oct 26 AP - Scientists were investigating on Monday whether a large crater found in a meadow in northern Latvia had been created by a meteorite. One expert said it was likely a hoax. More...
Inspect Hardie's books - Xenophon
CANBERRA, Oct 26 AAP - The books of James Hardie should be thoroughly checked to ensure the company is not hiding any funds that should be going to asbestos victims, independent senator Nick Xenophon says. More...
Accused terrorist happy about Black Saturday, court hears
MELBOURNE, Oct 26 AAP - One of the four Melbourne men ordered to stand trial on terrorism charges was allegedly recorded expressing happiness about the Black Saturday bushfires and the drought, court documents show. More...
NT: Cop charged with assaulting mentally ill man, who later died
DARWIN, Oct 26 AAP - A Northern Territory policeman has been charged with assaulting a mentally ill filmmaker, who died almost a week later in hospital. More...
Gaddafi says sorry for British policewoman's death
LONDON, Oct 26 AFP - Libyan leader Muammar Gaddafi has apologised for the first time for the killing of a British policewoman shot from the Libyan embassy in London in 1984, in an interview out Monday. More...
Dow hits 10,000 points for first time in a year
The Dow Jones blue-chip index has risen above 10 thousand points for the first time since October 2008 as US stocks power higher. More...
JERUSALEM, Oct 14 AFP - Israel is bracing for what is expected to be a bruising UN debate on a report that accuses it and Hamas of war crimes during its Gaza offensive at the turn of the year. More...
Tibet sees record tourism despite restrictions: state media
BEIJING, Oct 14 AFP - A record 4.75 million tourists visited China's Tibet in the first nine months of 2009, more than twice as many as in all of 2008, when unrest led to a ban on foreigners, state media said on Wednesday. More...
Russia's Putin says 'too early' for Iran sanctions
BEIJING, Oct 14 AFP - Russian Prime Minister Vladimir Putin said it was "too early" to discuss sanctions against Iran over its disputed nuclear program. More...
Scientists unveil map of genome's chemical switches
PARIS, Oct 14 AFP - Scientists have unveiled the first detailed map of the epigenome, the network of chemical switches that regulates activation of human genes, according to a new study. More...
Art expert finds likely new da Vinci
TORONTO, Oct 14 AP - A new painting by Leonardo da Vinci may have been discovered thanks to a centuries-old fingerprint. More...
BHP Billiton 'influenced China investment policy'
MELBOURNE, Oct 15 AAP - BHP Billiton unduly influenced federal government policies on Chinese investment in Australia, a former senior Treasury official says. More...
Pakistani Taliban criticise Obama's peace Nobel
ISLAMABAD, Oct 14 AP - The Pakistani Taliban has criticised the decision to award Barack Obama the Nobel Peace Prize saying the US president should have received a "villain of peace" award instead. More...
Economic crises cause spike in world hunger: UN
ROME, Oct 14 AFP - The food crisis in poor countries coupled with the global economic crisis has caused a spike in world hunger, with more than one billion people undernourished this year, UN food agencies report. More...
US stocks jump on earnings boost
US stocks have jumped on a profit surge by top firms Intel and JP Morgan Chase .. and a lesser than expected fall in retail sales. More...
US retail sales slump again
WASHINGTON, Oct 14 AFP - US retail sales fell 1.5 per cent in September after moving into positive territory the previous month as the country emerges from a long recession, government data showed on Wednesday. More...
NATO welcomes British troop pledge for Afghanistan
BRUSSELS, Oct 14 AFP - NATO welcomed Britain's offer to send more troops to Afghanistan, and echoed Prime Minister Gordon Brown's call for other allies to send extra forces. More...
Seeking writer to do opinion