Here Mr Lyon explains why the trust has become even more cautiously positioned since the start of 2015, so much so that even Warren Buffett’s company is no longer viewed as a buy. “It is our job to avoid bubbles, so when stock markets are in buoyant mood and people become more greedy we do the opposite, preferring to be circumspect and protect investors from the risks.

“Global markets have enjoyed a largely uninterrupted rally over the past six years and the FTSE 100 has hit an all-time high this year, but we view these things as reason for caution rather than celebration. How has the equity weighting of the trust changed over the past couple of years? We had 75 percent of the trust invested in shares in 2009, 45 percent at the start of 2015 and 40 percent now.”

The euro partners have agreed in the face of the solidified negotiations with Greece on a contingency plan for Athens. This became known on Monday in Berlin and Brussels. It stipulates that creditors want to give the Greeks initially another chance and wait to see if by the end of the week it is possible to Euro finance ministers to agree with the government in Athens to the corners to meet the current emergency program.

Elapses this deadline without agreement, to be convened without further delay a special meeting of heads of state and government in Brussels. In an interview for this is Friday night. At the special summit a political solution should be sought again.

French President Francois Hollande warned on Monday against the failure of the negotiations. The deadlines were extremely short. "I have often said: caution, we now come in a period that can be turbulent, if no agreement is found," he said during a visit to the air show in Le Bourget near Paris. If Athens refuse to remain the euro area countries as a last resort, to isolate Greece in the payment system.

Syriza sources say measures being drafted include capital controls and the establishment of a sovereign central bank able to stand behind a new financial system. While some form of dual currency might be possible in theory, such a structure would be incompatible with euro membership and would imply a rapid return to the drachma.

The confidential plans were circulating over the weekend and have the backing of 30 MPs from the Aristeri Platforma or 'Left Platform', as well as other hard-line groupings in Syriza's spectrum. It is understood that the nationalist ANEL party in the ruling coalition is also willing to force a rupture with creditors, if need be.

"This goes well beyond the Left Platform. We are talking serious numbers," said one Syriza MP involved in the draft. "We are all horrified by the idea of surrender, and we will not allow ourselves to be throttled to death by European monetary union," he told the Telegraph.

Prime Minister Alexis Tsipras ignored pleas from European leaders to act fast. Instead he blamed creditors for Sunday's breakdown of the cash-for-reform talks, the biggest setback in long-running negotiations to unlock aid. He said his government had a responsibility to defend Greece's dignity and would resist demands for further pension cuts. "It is not a matter of ideological stubbornness. It has to do with democracy," said the 40-year-old leftist, who was elected on a pledge to end austerity.

Athens now has just two weeks to find a way out of the impasse before it faces a 1.6 billion euro repayment due to the International Monetary Fund, potentially leaving it out of cash, unable to borrow and dangling on the edge of the currency area. Germany and other creditor nations demanded that Athens come to its senses and offer new proposals.

"It won't work that Greece sets the terms and says 'everyone has to dance to our tune'. Greece needs to get back to reality," Volker Kauder, parliamentary floor leader of Chancellor Angela Merkel's conservatives, told ARD television. Belgian Finance Minister Johan Van Overtveldt said the euro zone's credibility would be damaged and radical forces in other countries emboldened if past accords with Greece were changed.

These remarks are especially shocking following the 2013 Edward Snowden revelations detailing the scope and scale of the illegal global surveillance the United States and their allies in the Five Eyes group have been engaged in following 9/11. Information leaked by the former NSA contractor sparked universal outrage but nowhere has it been so widespread as in Germany, considering that the US allegedly even spied on the phone of Chancellor Angela Merkel.

"Germany, German politicians and the German economy are among the primary targets of American intelligence services," Polli told Deutsche Wirtschafts Nachrichten, adding that authorities are technically unable to protect the government, businesses and society from snooping.

Following the revelations, Merkel tried to push through a bilateral no-spy agreement with the United States. "At no point in time has Washington taken [the deal] seriously," the security expert said. Therefore, nothing has changed and the surveillance goes on.

Developed by Odortec, an Israeli company that specializes in scent-based weapons for law enforcement, in collaboration with the Israeli police, skunk water emits a stench that has been described as a cross between a rotting animal corpse, raw sewage and human excrement. The smell is so strong that Israeli police refuse to store the substance inside their stations.

Released at high pressure from a water cannon attached to the top of a military truck, the skunk odor sticks to walls, clothing, hair and skin for days and is impossible to wash away. Ramallah-based activist and writer Mariam Barghouti once told The Electronic Intifada’s Patrick Strickland that “the water lingers on your skin to a point when you want to rip your skin off.”

The German public are said to be excited about the prospect of the royal visit and Mrs Merkel will attend a dinner with Mr Cameron at the Bellevue Palace on June 24, the day before a vital two-day meeting with other European leaders.

Downing Street insists that the Germans have invited Mr Cameron to the dinner and that the timing is coincidental.

However, the visit and dinner could barely have come at a better time for the Prime Minister as he is struggling to attract European allies in his attempts to renegotiate Britain's relationship with the EU.

The agenda was poverty, and Francis inveighed against the “economy of exclusion” as he addressed Mr Ban’s delegation at the Apostolic Palace. But in an informal meeting with Mr Ban and his advisers, Francis shifted the discussion to the environment and how environmental degradation weighed heaviest on the poor.

“This is the pope of the poor,” said Robert Orr, who attended the May 2014 meeting as Mr Ban’s special adviser on climate change and described the informal conversation with Francis. “The fact that he is making the link to the planet is really significant.”

On Thursday, Francis will release his first major teaching letter, known as an encyclical, on the theme of the environment and the poor. Given the pope’s widespread popularity, and his penchant for speaking out on major global issues, the encyclical is being treated as a milestone that could place the Roman Catholic Church at the forefront of a new coalition of religion and science.

Francis, the first pope from the developing world, clearly wants the document to have an impact: Its release comes during a year with three major international policy meetings, most notably a United Nations climate change conference in Paris in December. This month, the Vatican sent notifications to bishops around the world with instructions for spreading the pope’s environmental message to the more than one billion Catholics worldwide.

By wading into the environment debate, Francis is seeking to redefine a secular topic, one usually framed by scientific data, using theology and faith. And based on Francis’ prior comments, and those of influential cardinals, the encyclical is also likely to include an economic critique of how global capitalism, while helping lift millions out of poverty, has also exploited nature and created vast inequities.

“We clearly need a fundamental change of course, to protect the earth and its people — which in turn will allow us to dignify humanity,” Cardinal Peter Turkson of Ghana, who oversaw the drafting of the encyclical, said at a conference on climate change this spring at the Vatican.

Bioethics benefits: “Bioethics is better than it would otherwise have been, because people queer in their sexual interests and identities have challenged misconceived concepts of health and disease, challenged obstacles to access and equity in healthcare, and forced attention to professional standards in clinical care, among other things.”

Defending LGBT parenting: To show that the battle is not completely over, Murphy cites Oxford philosopher John Finnis’s implacable opposition to adoption by male and female homosexuals as “intrinsically evil”. Putting “skepticism about LGBT people as fit parents fully behind it” will be one of the first tasks of fully developed LGBT bioethics.

Promoting new reproductive technologies: In the not-too-distant future it may be possible to use stem cell technology to create synthetic gametes for gay and lesbian couples. This will allow them to raise their own genetic children. “This option would go a long way in helping transgender people express and consolidate their gender identity,” writes Murphy.

Another development could be “male pregnancies”: Now that it is possible to transplant a uterus, why couldn’t males bear children? Paying for them: Shouldn’t insurers and the government pay for these very expensive technologies, if they already cover costs for heterosexual couples? “We need to begin asking these LGBT-centric questions.”

According to the BLS [Bureau of Labor Statistics], after a torrid 2014, in which there was a 24% surge in beef prices which central planners blamed on everything except their policies, in May the Beef and Veal price index just rose to a new all time high of 260.8, up 12.3% from a year ago, and up 30% in the past two years.

So yes, aside from soaring rent prices and costs of food that won't actually force you into an early grave, there is almost no inflation anywhere. Well, except gasoline prices too. After dropping sharply through the end of 2014 and in January, they have unambiguously surged pretty much in a diagonal line ever since.

The political left is hoping for a document that ties belief in global warming to a religious obligation. Climate skeptics have already started criticizing the document. The choice of Professor John Schnellnhuber, founding director of the Potsdam Institute for Climate Impact Research, as one of three presenters may be giving the left added hope and giving skeptics severe heartburn. He has been described as one of the more aggressive scientists on the question of man-made global warming.

In a talk given to what’s described as the “failed” 2009 Copenhagen climate conference, reported in the New York Times, Schnellnhuber, who has advised German President Angela Merkel and is a visiting professor at Oxford, said of global warming: “In a very cynical way, it’s a triumph for science because at last we have stabilized something - namely the estimates for the carrying capacity of the planet, namely below 1 billion people.”

Schnellnhuber is also author of what’s called the “two-degree target” that says governments must not allow the temperature to rise more than 2 degrees higher than at the start of the industrial revolution. Any higher, the theory holds, and much life on earth would either perish or be gravely harmed.

To deal with climate issues, he has also called for an “Earth Constitution that would transcend the UN Charter” along with the creation of a “Global Council… elected by all the people on Earth” and a “Planetary Court… a transnational legal body open to appeals from everybody, especially with respect to violations of the Earth Constitution.”

In 1986, Monckton was among the first to advise the prime minister that “global warming” caused by carbon dioxide should be investigated. Monckton has since become a vocal advocate that global warming — subsequently called climate change, most recently camouflaged by the term “sustainable development,” doesn’t exist.

Monckton believes the Obama administration is spending vast amounts of money on “trashing their own economy by driving every steelworks and aluminum works overseas, by not allowing the development of the XL pipeline, interfering with fracking, and establishing a war on coal.” He contends that all of this has had “catastrophic effects on the jobs of the very people that will be foolishly voting for Hillary Clinton in 2016.” Bannon asked Monckton why does he believe Pope Francis is getting involved in the climate change movement, which he is about to justify in a Vatican encyclical this week.

Monckton explained that if one looks at the book of Genesis (“with dominion over the earth comes responsibility”) and heroes of the church like St Francis of Assisi, taking care of the earth has always been “part of established Catholic social teachings. Nothing new in any of that. But what happened was a communist managed to get control of the pontifical academies of sciences and social sciences — Bishop Marcelo Sánchez Sorondo.”

According to Monckton, Sorondo is an “out and out marxist who decided that climate change was useful to marxism.” Monckton said that Sorondo could care less whether climate change is true or not. He ignored information from the Vatican’s most influential scientists demonstrating that global warming was more theoretical than empirical. Francis, who was brought up in the Communist tradition of liberation theology in Latin America, encourages Sorondo.

Monckton further explained that Francis is influenced by extremist Professor John Schnellnhuber, founding director of the Potsdam Institute for Climate Impact Research, who said in 2009 at a climate conference in Copenhagen that if we let global warming continue, six billion of the seven billion people on earth will be killed by it. Monckton said that Schnellnhuber will be standing by the side of Pope Francis when they announce the encyclical next week. “The fact that Schnellnhuber is going to be there is an extremely bad sign,” he declared.

The influence that Schnellnhuber may have had over the papal letter worries Monckton. The fact that he will be there next to the pope suggests to Monckton that Francis is thanking him for having written the climate portion of the encyclical.

The segment included supposedly prophetic videos, such as a teenager declaring, "It's June 8th, 2015. One carton of milk is $12.99" (on the actual June 8, 2015, a gallon of milk cost, on average, $3.39). Another clip featured this prediction for the current year: "Gas reached over $9 a gallon" (in reality, gas costs an average of $2.75).

Ultimately, ABC delayed the air-date for Earth 2100 and the one-hour show didn't debut until June 2, 2009. The program showcased the terrible impact of global warming from 2015 through 2100. In the special, a "storm of the century" wiped out Miami. Other highlights included a destroyed New York City and an abandoned Las Vegas. By 2084, Earth's population will apparently be just 2.7 billion.

The measure, meant to give assistance funds to re-train workers, has been supported by Democrats in the past, but only 40 Democrats voted in Obama’s favor. The “no” vote was cast with a strong push by the liberal wing of the Democratic Party, which claimed that bill would have hurt American workers. The president really went to the mat for this bill, too. On Wednesday, he made a rare trip to the House to impress upon Democrats how important his bill was to him. He essentially told his party that a vote against the bill was a vote against him.

But even after his personal plea, Democrat minority leader Representative Nancy Pelosi (Democrat for California) was unmoved, and immediately announced that she was prepared to vote “no” on the issue. She was joined by the bulk of her party in that vote. In fact, some Democrats weren’t willing to simply vote “no” and move on. Take Oregon Representative Peter DeFazio (Democrat), for instance. He took the opportunity to seriously criticize Obama.

“He’s ignored Congress and disrespected Congress for years, and then he shows up at the baseball game with homemade beer, and then comes to the caucus and lectures us for 40 minutes about his values and whether or not we’re being honest by using legislative tactics to try and stop something which we believe is a horrible mistake for the United States of America and questions our integrity,” the Democrat complained. “It wasn’t the greatest strategy.”

In light of how much importance Obama placed on passage of the bill coupled with his rare personal appeal, The Associated Press hinted that in these now waning months of his last term in the White House, this loss might signal the end of his political power within his own party. At the very least, it was plain that few Democrats seemed to fear voting against the president’s interests. Many didn’t even pause, leaving little doubt that they would vote against Obama’s trade interests.