Yu Hongding, a director of the Chinese Academy of Social Sciences, said China is caught in two concurrent "deflationary spirals" that are feeding on the other. A major devaluation and a blast of well-targeted fiscal stimulus will be needed to break out of the trap.

"They must stop intervening on the exchange market. China needs to devalue by 15 percent. They are creating conditions for speculators," he told the Daily Telegraph, speaking at the Ambrosetti forum of global policymakers on Lake Como.

Prof Yu, a former rate-setter for the central bank (PBOC) and currently a member of the national planning committee, said the government is making a serious mistake in trying to defend the yuan by burning through foreign exchange reserves, already down to $3.2 trillion from $4 trillion in mid-2014.

According to the ruling: “So long as the facts known to the officer establish reasonable suspicion to justify an investigatory stop, the stop is lawful even if the officer falsely cites as the basis for the stop a ground that is not supported by reasonable suspicion.” The court goes on to justify their rights violating and Stasi-esque ruling by claiming it’s okay as long as the officer truly believes the subject of his lies has criminal intent.

Unfunded liabilities for pensions have been a problem for a while now, but as investors continue to face fleeting returns, many states and cities are facing the music… and when it stops, there won’t be enough money to go around. Someone will lose their savings, their standard of living, their retirement and maybe their future. Others will be taxed to death to clean up the mess of the many places where the system is cracked, fissured and falling apart.

According to FT: “The US public pension system has developed a $3.4 trillion funding hole that will pile pressure on cities and states to cut spending or raise taxes to avoid Detroit-style bankruptcies. The collective funding shortfall of US public pension funds is three times larger than official figures showed, and is getting bigger.”

Devin Nunes, a US Republican congressman, said: “It has been clear for years that many cities and states are critically underfunding their pension programmes and hiding the fiscal holes with accounting tricks.” Mr Nunes added: “When these pension funds go insolvent, they will create problems so disastrous that the fund officials assume the federal government will have to bail them out.”

According to the authorities, the settlement is related to the bank’s “conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2005 and 2007. This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney Stuart Delery.

He added that the settlement includes a $1.8 billion commitment to help repair the damage to homeowners and communities that Goldman acknowledges resulted from its conduct. The fine also includes a $2.385 billion civil penalty and $875 million in cash payments.

Europe is at “a critical crossroads” and needs to decide whether to embrace “closer political, fiscal and social integration” or pursue fragmentation and “narrow national interest”, Greek prime minister Alexis Tsipras and his Portuguese counterpart António Costa said in a joint statement.

Both Portugal and Greece have received bail-outs from the European Union following the crash of 2008. Portugal exited its €78 billion bail-out programme in May 2014, while Greece is struggling to close a crucial review of its third bail-out in five years.

“We, as prime ministers of two countries with a similar policy experience in the context of their respective adjustment programmes, share the conviction that austerity-only policies are wrong and insufficient to overcome the existing challenges,” said Mr Tsipras and Mr Costa. They added: “Europe has to change course.”

A spokesperson for the European Commission said it is now urging the European Parliament and Council "to urgently launch discussions and to take a position on the most appropriate way forward", given the "non-reciprocity" in visa requirements.

While the majority of EU citizens are able to travel to the US without a visa, under the Visa-Waiver Program (VWP), Washington imposes different rules on visitors from some central and eastern European member states, including Poland, Croatia, Cyprus, Bulgaria and Romania.

The US Air Force Central Command said in a statement that an unknown number of B-52s will be based at Al Udeid Air Base in Qatar. The US-led coalition’s Combined Air and Space Operations Center (CASOC) responsible for running the air war against ISIS is also based there.

"The B-52 will provide the Coalition continued precision and deliver desired airpower effects,” said Lieutenant General Charles Q Brown Jr, commander, US Air Forces Central Command and Combined Forces Air Component. Lieutenant General Brown also indicated the B-52 bombers could be ready to bomb elsewhere in the Middle East should the need arise.

Despite flying only 7 percent of strike missions against ISIS in Iraq and Syria, B-1s dropped nearly 40 percent of all the bombs. In addition to carrying many more bombs than USAF fighter jets, the B-1 could loiter over the battlefield for up to 10 hours at a time. It can fly at supersonic speeds meaning it can be anywhere over Iraq and Syria in minutes.

Her story was splashed over the newspapers last week after she revealed how a reunion between the pair sparked an intense romance. Now they want to get married and start a family. No one had their confetti ready though. Across the internet, West and her toy boy lover were treated as circus freaks, called “sick on every level”. Some even demanded that West be sectioned and now it’s emerged they’ve gone into hiding fearing a jail sentence.

It’s interesting that the public was so outraged, because the couple’s story is far from unique. In fact, a number of family romances have emerged over the last decade – and I can’t see them stopping any time soon. There have been cases of grandparents settling down with grandchildren, fathers and daughters in love, and even twins twinned up.

But the nuclear dangers facing the UK are far larger than those focused on by the summit. They have no easy answers. But if politicians from all our major parties don't confront them, there's just a chance that all of us will regret it. The risk that terrorists might seek to acquire nuclear materials cannot be discounted. Acquiring materials that could be used in nuclear weapons would be catastrophic. But it is also unlikely: there has been an active effort to secure all weapons-usable fissile material and a large number of sting operations.

There are still concerns about potential "loose" nuclear materials from the former Soviet Union, and about the possibility that Pakistani nuclear weapons might be lost or stolen. There are also concerns about the vulnerability of nuclear facilities to sabotage or terrorist attack. The nuclear security summit process has helped to reduce these risks, but the risks cannot be eliminated entirely. Nonetheless, there is a risk that the effort and attention devoted by the summit to this issue might have detracted – or at least not have helped fight – much broader nuclear dangers.

The problem is that nuclear security issues are only a part of the nuclear danger facing the UK – and indeed its allies. Both the UK’s and Nato’s relations with Russia are at their worst level since the Cold War. North Korea is actively testing nuclear weapons and delivery means and recently released propaganda videos in which Washington DC and Seoul were destroyed by nuclear weapons.

Meanwhile, there is the real possibility of a nuclear conflict between India and Pakistan that would directly affect the United Kingdom in a number of ways. Indian strategic planners would also likely argue that China’s role cannot be disentangled from the risks of conflict between India and Pakistan. There are signs that China, in turn, is evolving its own nuclear posture to deter the United States, and this will doubtless require a change in Nato’s nuclear doctrine in due course.

The Iran nuclear agreement reached in summer 2015 and which came into effect in January 2016 is a rare success. However, even with this there is risk. The main provisions of the agreement last for only a decade – a period after which Iran will be left with a substantial enrichment capability.

“Avoiding chemicals completely in everyday life is impossible, despite endocrine-disrupting substances being considered a health hazard. But as more women struggle to get pregnant or even discover that they are infertile, there appears to be enough scientific evidence to point the finger at some substances used in pesticides and plastic products.

As a new study now shows, at least two common female diseases that lead to reproductive difficulties often develop due to substances used in the production of these products. The scientists involved in the study found endometriosis, a chronic disease of the uterus’ lining, and uterine fibroids, benign tumours in the uterus, are both attributable to endocrine disruptors. Both diseases can cause infertility and are usually very painful.

At least 70% of affected women that suffer from fertility problems exhibit at least one of these two diseases, according to the researchers. The study, published in the “Journal of Clinical Endocrinology and Metabolism” estimates that the issue costs Europe €1.4 billion euros every year. The bill is accumulated due to healthcare spending and loss of working hours.

An increasing number of cancer and fertility problems have drawn the attention of researchers to endocrine disruptors. Some call for strict regulation of these substances, in accordance with the precautionary principle. Other scientists however stress the importance of these chemicals in everyday products such as plastics. They warn that the foundations of science could be turned upside down, if precautions are taken.

I do not exaggerate. In a gathering at George Washington University this week, Obama's assistant attorney general for national security, John Carlin, revealed that the Department of Justice is creating a brand new position just to monitor us. The position, domestic terrorism counsel, will be created to combat the "real and present threat" of domestic terrorism.

And where, pray tell, does this threat come from? From the Muslim Brotherhood, which has a stated goal of exterminating Western civilization and sabotaging our miserable house from within? Nope. From ISIS, which is actively recruiting jihadists in all 50 states? Nope. Jihadists who are sneaking into the United States disguised as Syrian refugees? Nope.

No, the real threat to our national security, according to our president and his minions, is coming from the Family Research Council and the American Family Association. Carlin lauded the work of the thoroughly discredited Southern Poverty Law Center, which is so blatantly and maliciously biased against Christians that other parts of Obama's administration – the FBI, the Pentagon, and the US Army – are getting as far away from the SPLC as they can. But the folks at SPLC are still useful to the DOJ, which is desperate to paint conservative Christians as a greater threat to our domestic tranquility than people who are determined to decapitate us in the name of Allah.

Do we disagree with the homosexual lobby about homosexuality? Of course. Do we hate them? Absolutely not. Do we advocate violence against them? Never have, never will. We are simply determined to tell the moral, spiritual, and physical truth about non-normative sexual behavior. Bottom line: disagreement is not hatred, and the truth is not hate speech. Somebody needs to tell that to the president.

Now I have confirmation that it was the Houston Mayor’s office that did the deed. The threat was about $$. The city government supports the Festival with grants. Show the film — no grants. More censorship. As you know, Vaxxed was also axed at the Tribeca Film Festival in New York. But the Angelika Film Center in NY has been showing Vaxxed since last Friday, and attendance has swelled. There are now requests from many theaters around THE WORLD that want to show the film.

I’ve just been informed that the Village Voice newspaper in New York, which agreed to a package of ads from Vaxxed, has canceled the ads — and blasted out an email distancing itself from Vaxxed. The censors are working overtime on all fronts… AND THEY’RE LOSING.

“We see the security situation as very serious, though we have no immediate intelligence on planned attacks in Germany,” the head of the Federal Office for the Protection of the Constitution, Hans-Georg Maassen, told Die Welt newspaper in a comprehensive interview released on Sunday. His office acts as Germany’s main counter-intelligence and homeland security agency reporting to the Interior Ministry.

“Islamic State [IS, previously ISIS/ISIL] is willing to carry out attacks on Germany and German interests,” he said, adding that in IS propaganda German cities are placed next to Paris, London and Brussels – all previous targets of large terror attacks. The homeland security chief said airports and railway stations, as well as large-scale public events such as open air fests, were the most likely targets for potential attacks. In addition, Maassen stressed that “we’ve seen many times that those [German nationals] who returned from Syria had links to planning attacks in Germany.”

Earlier on Sunday, local media cited security service estimates that up to 800 Germans had traveled to Syria in order to fight alongside IS, with about 150 of them having returned back in 2015. In addition, nearly 1,100 individuals with “Islamist and terrorist” views have been joined by 8,650 Salafists, and these numbers are growing “practically every day,” Maassen said.

Although the threat posed by jihadists is severe, Germany has not seen any large-scale terror attacks so far due to the “successful work of its security services,” he noted.

This is down from the World Bank’s forecast in January of 2.9 percent and well below the 4 percent growth seen just before the crisis. However, he was more upbeat about Britain's prospects if it left the European Union, suggesting the country could thrive after a Brexit. The chief economist indicated that Britain could be better off outside the EU if it forged new trade ties and cemented old ones.

Speaking in a personal capacity, Mr Basu said “short-term turbulence” could lead to “improved exports” in the long run. “You would probably see a short-term fall in exports from the UK, a weakening in the pound, but that should then cause a pick-up in exports in the medium term,” he said.

While Mr Basu said the world was not facing a 2008-style crash, he warned that the “dull, throbbing slowdown” was likely to continue amid diminishing central bank firepower and resistance to reforms. He said the oil price glut would depress prices for some time, with Brent prices likely to remain close to $40 a barrel until at least the end of the decade. “The mood is sombre,” he said in an interview. “The policy challenges are actually bigger than people make out.”