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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Australia not starry-eyed about China - Smith
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Tuesday shapes as D-Day for Turnbull and ETS
By Crystal Ja
Tue Nov 24 00:42:35 EST 2009
Mon Nov 23 13:42:35 UTC 2009
CANBERRA, Nov 23 AAP - The future of Malcolm Turnbull's leadership and the government's emissions trading scheme may well be decided on Tuesday after five weeks of uncertainty.
Two crucial votes, one in the coalition partyroom, and one expected in the Senate this week possibly as early as Tuesday, hold the key to Mr Turnbull's grip on the helm of the party and the shape of the nation's action on climate change.
As 200 green protesters blockaded Parliament House, inside Prime Minister Kevin Rudd warned the opposition a negotiated deal would be on the table for this week only.
Meetings over opposition changes to emissions trading scheme legislation were continuing as late as Monday night ahead of the crucial shadow cabinet and party room meetings on Tuesday.
Mr Turnbull continues to be dogged by leadership speculation, with Liberal backbencher and former Howard minister Kevin Andrews saying he didn't expect a leadership spill "at this stage".
"At this stage, tomorrow's party room meeting is about the ETS legislation," he said.
Regularly Updated News As It Arrives From The Editor
House Harris News
Senate report: Bin Laden was 'within our grasp'
WASHINGTON, Nov 29 AP - Osama bin Laden was unquestionably within reach of US troops in the mountains of Tora Bora when American military leaders made the crucial and costly decision not to pursue the terrorist leader with massive force, a Senate report says. More...
Letter to reveal Blair was told Iraq war 'illegal' - report
LONDON, Nov 29, AFP - The British government's chief legal adviser informed then prime minister Tony Blair in 2002 that deposing Saddam Hussein would contravene international law, a newspaper reported on Sunday. More...
Fire threatening property at Torrington, in northern NSW
Six water bombers are battling a new fire front threatening rural properties in the north of New South Wales. More...
Dust haze eases for Sydney but Hunter still covered
SYDNEY, Nov 29 AAP - A dust haze across Sydney should completely clear on Sunday afternoon but the Hunter Valley is expected to be blanketed until evening. More...
60 fires still burning across NSW
SYDNEY, Nov 29 AAP - Cooler conditions in some parts of the state are helping firefighters get the upper hand over about 60 bushfires burning across NSW. More...
Obama welcomes Indian PM at start of state visit
WASHINGTON, Nov 24 AP - US President Barack Obama on Tuesday welcomed Indian Prime Minister Manmohan Singh to the White House, opening an elaborate state visit that will include talks designed to overcome differences on climate change and US ties with Indian rivals China and Pakistan. More...
Obama hails 'indispensable' India on Singh state visit
WASHINGTON, Nov 24 AFP - US President Barack Obama hailed India as "indispensable" on Tuesday as he welcomed Prime Minister Manmohan Singh to the White House on the first state visit of his presidency. More...
Norway unveils osmostic power plant, using salt to make electricity
TOFTE, Norway, Nov 24 AFP - Norway unveiled the world's first osmotic power plant on Tuesday, harnessing the energy-unleashing encounter of freshwater and seawater to make clean electricity. More...
US discussed overthrowing Saddam well before Iraq invasion
LONDON, Nov 24 AAP - Britain and the US were at odds over whether to overthrow dictator Saddam Hussein two years before the pair teamed up to invade Iraq in 2003, an inquiry has heard. More...
Obama Afghan strategy decision 'within days'
WASHINGTON, Nov 24 AFP - US President Barack Obama has concluded months of deliberations on whether to send thousands more troops to Afghanistan and will announce his decision within days, the White House said on Tuesday. More...
Wall Street surges to open week
US stocks have roared higher .. with traders focusing on a weak dollar that boosted commodities and other shares sensitive to greenback-linked movements. More...
Atom-smasher restart a 'success': scientists
GENEVA, Nov 23 AFP - Scientists on Monday hailed the restart of the the Large Hadron Collider as an "enormous success" as two beams began circulating simultaneously in the world's biggest atom-smasher. More...
James Hardie says US housing downturn near bottom
SYDNEY, Nov 23 AAP - James Hardie Industries NV says the downturn in the US housing market appears to be nearing the bottom as it looks forward to about an 18.8 per cent rise in full year underlying earnings. More...
Tuesday shapes as D-Day for Turnbull and ETS
CANBERRA, Nov 23 AAP - The future of Malcolm Turnbull's leadership and the government's emissions trading scheme may well be decided on Tuesday after five weeks of uncertainty. More...
Palin dines, prays with Rev. Billy Graham
MONTREAT, North Carolina, Nov 23 AP - Sarah Palin dined and prayed with the Reverend Billy Graham, who has counselled presidents and other politicians for decades. More...
Church of Scientology rejects allegations over girl's death
CANBERRA, Nov 23 AAP - The Church of Scientology has rejected allegations raised in federal parliament about the death of a 14-month-old girl nine years ago. More...
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...
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