Stimulus of this kind is designed to lower interest rates and boost economic activity. The Fed's governing committee cited stronger job growth as a reason for the decision to pullback its programme of bond buying. The announcement followed a two-day meeting in Washington DC. With its decision, the US's central bank is recognizing the improvement in the world's largest economy.

But this is by no means a job done. Ben Bernanke spoke about the many Americans who have dropped out of the workforce. But given the immediate reaction by financial markets, it appears as if the central bank has successfully managed its shift in policy. Now, it falls to incoming chairwoman Janet Yellen to continue the fine art of taking the Fed's foot off the gas.

As part of the Pentagon’s overall defense strategy to pivot to the Pacific, the US should buy more Virginia-class attack submarines, prioritize long-range anti-ship missiles, carrier-based drones, and missile defense technology, the analysts told the House Armed Services’ Seapower and Projection Forces Subcommittee.

Seth Cropsey, a senior fellow at The Hudson Institute, told the subcommittee that the US needs a detailed war plan for China in the event that conflict arises. “Chinese leaders are ambitious and they are moving toward great power status. The US is not taking this possibility as seriously as it should.”

Much of the hearing was focused on how the US can counter-balance Chinese strategic moves to deny access to certain areas in the region through the use of long-range missiles, guided missile destroyers and submarines. In particular, the analysts said China has sought to control waterways, choke points and restrict access to key islands and territories in the region.

John Freeman told Argentina's Deputy Foreign Minister Eduardo Zuain a law passed by Buenos Aires effectively criminalising British oil companies working off the Falklands coast has no weight. Ambassador Freeman made the comments after the Argentine government claimed Britain was violating international law by allowing drilling to take place.

On Monday, Foreign Office director for the Americas, Kate Smith, lodged a formal protest with the Argentine charge d'affaires, Oscar Horacio Galli over the oil dispute. The protest drew a response from Argentina's Ministry of Foreign Affairs, which asserts that Argentine law applies to the waters around the "Malvinas" - Argentina's name for the Falklands - South Georgia and the South Sandwich Islands because they are an "integral part of the Argentine territory" which is "unlawfully occupied" by Britain.

A Foreign Office spokesperson said: “Following the UK protest about Argentina's attempt to criminalise hydrocarbons activity around the Falkland Islands, our Ambassador to Argentina met Deputy Foreign Minister Zuain yesterday. The Minister presented our Ambassador with a letter outlining Argentina's stance on the issue. During the meeting our Ambassador reiterated that Argentine domestic law does not apply to the Falkland Islands, and that it appears to be another attempt to intimidate the people who live there."

Mr Cameron fears the Bill, which promises to give the British public a vote on membership of the European Union by 2017, could be killed in the House of Lords by Labour and Liberal Democrat peers. That would leave the Conservatives vulnerable to attacks by Ukip in the next election.

The Act, which has been used only seven times in the past century, is sometimes described as the “nuclear” option of parliamentary process to break stalemates between the Commons and the Lords. It asserts the superiority of the House of Commons by allowing Bills that cannot clear the Lords to become law, but is intended to be used only in exceptional circumstances.

Saudi Arabia’s ambassador to London said US-led diplomacy in the region was risking the stability of the Middle East. Mohammed bin Nawaf bin Abdulaziz al-Saud said his country is determined to independently arm Syria rebels and could not stand idly by while thousands of children were being killed by Syria’s regime. Despite almost a century of friendly ties with countries such as Britain and America, the oil rich monarchy can no longer follow its allies as they pursue diplomacy with its Middle Eastern enemies.

“We believe that many of the West’s policies on both Iran and Syria risk the stability and security of the Middle East,” he wrote in the New York Times. “The West has allowed one regime to survive and the other to continue its programme for uranium enrichment, with all the consequent dangers of weaponisation.”

Introducing the planned rules, EU Health Commissioner Tonio Borg said the use of cloning for farm animals and the import of cloned animals will be banned in the 28-member bloc. He added that the marketing of food from cloned animals would also be prohibited. "These proposals intend to address animal welfare and other ethical concerns related to the use of the technique," the Commission said. However, "there is no proposal on labelling" any produce arising from the offspring of cloned animals, be it milk or meat, said Borg.

The only country cloning animals as a food source within the European Union is Denmark. While cloned meat is not often eaten because of its high price, the embryos and semen of such animals are exported and widely used. The United States, Argentina, Brazil and Uruguay are among countries that farm the offspring of cloned animals.

Hours later, after midnight, officers walked through the front door, rounded up the people inside, and kept them in handcuffs in the front yard for an hour and a half. The only potential problem, at least from a constitutional standpoint, was that the cops didn't have a search warrant. They got one later, before they seized the boxes of pseudoephedrine, stripped lithium batteries, and other meth-making materials, while the alleged meth cooks waited around in handcuffs, but by then they'd already waltzed through the home uninvited.

They neglected to mention this on their warrant application, identifying a confidential informant as their only source of information. There was more than enough time to secure a search warrant before the officers' intrusion into the premises, but they deliberately chose not to attempt to obtain it until after they had conducted the unlawful entry.

Further, had the officers entered the home and found the occupants only baking cupcakes, the officers would not have bothered to then obtain the warrant at all. It was only after unlawfully entering and finding suspicious activity that they felt the need to then secure the warrant in order to cover their tracks and collect the evidence without the taint of their entry.

CCA Judge Lawrence Meyers argues that the confidential informant's report that Wehrenberg was "fixing to" cook meth wasn't independent evidence but a prediction of a future crime. The majority's decision, he writes, means that "search warrants may now be based on predictions of the commission of future crimes," which is an uncomfortable concept to say the least.

Military hardware will soon consist of "autonomous robots that know neither pity nor fear" — quite a step up from the current generation of UAVs and drones operated by humans from the safety of military bases hundreds, if not thousands, of miles away.

Ever since drones such as the Predator were prepared and armed for use in Iraq and Afghanistan in the early 2000s, stealth weapons have played a key role in the West's "War on Terror." It was a Predator drone that located Osama Bin Laden in 2011, and it was a Predator drone that launched the missile attack earlier this month that killed Pakistani Taliban leader Hakimullah Mehsud. The drones have clocked more than 200,000 hours of flying time in Afghanistan since their inception.

Drone operators work in a safe environment, sometimes in a completely different country to the one that the aircraft flies in. They make judgment calls based on the situation they see on the computer screen in front of them. The success of the program has meant that the US Air Force is training more people to fly drones than it is conventional aircraft. The legal battle over whether drones such as the Predator and the Reaper contravene international law is still raging.

The basis of the argument against their use is that actions viewed thousands of miles away on a computer screen can be misinterpreted and the response could have severe consequences. That legal battle could get a whole lot tougher with the next generation. Future weapons will remove the human element from the equation completely; they will be able to engage targets by themselves, maximizing destruction. They will represent the age-old saying: "Shoot first, ask questions later."

The 1956 Ladenschlussgesetz still forbids it – but as of 2013 shops may open on designated Sundays throughout the year. Berlin, for example allows ten of these. Sleepy Sundays give you time to recuperate before the week ahead and you can feel guilt-free about doing absolutely nothing.

As Europe's paramount leader, Merkel has been wary of setting up a so-called "united states of Europe," but wants Brussels to have new powers to discipline the governments she blames for dragging down the eurozone. Addressing the parliament - the Bundestag - she criticized wishy-washy promises that governments feel free to break, and the lack of authority in Brussels to impose reforms.

Germany would demand that eurozone nations in future make binding agreements with the European Commission, the EU's executive body, to reform social welfare, labour laws and bureaucracy. "Contractual agreements naturally don't mean that the Commission can prescribe something, but that member nations draft such contractual agreements with the Commission," she said. "National parliaments will have to ratify them, or else they won't be binding."

She said her aim was to establish a "Europe of stability, of growth and naturally of social security." Germany believed it must exercise "responsibility and encourage integration." Merkel was addressing parliament in advance of a European Union summit in Brussels on Thursday and Friday.

The cabinet of hawkish Prime Minister Shinzo Abe agreed to spend 24.7 trillion yen ($240 billion) between 2014 and 2019 in a strategic shift towards the south and west of the country - a five percent boost to the military budget over five years. The shopping list is part of efforts by Abe to normalise the military in Japan, which has been officially pacifist since defeat in World War II. Its well-equipped and highly professional services are limited to a narrowly defined self-defensive role.

It comes with the establishment of a US-style National Security Council that is expected to concentrate greater power in the hands of a smaller number of senior politicians and bureaucrats. Fears are growing in Japan over the rising power of China, with the two countries embroiled in a dispute over the sovereignty of a group of islands in the East China Sea, and the perennial menace posed by an unpredictable North Korea.

The German chancellor also told the US president that America's National Security Agency cannot be trusted because of the volume of material it had allowed to leak to the whistleblower Edward Snowden, according to the New York Times. Livid after learning from Der Spiegel magazine that the Americans were listening in to her personal mobile phone, Merkel confronted Obama with the accusation: "This is like the Stasi."

The newspaper also reported that Merkel was particularly angry that, based on the disclosures, "the NSA clearly couldn't be trusted with private information, because they let Snowden clean them out." Snowden is to testify on the NSA scandal to a European parliament inquiry next month, to the anger of Washington which is pressuring the EU to stop the testimony.

• JPMorgan Chase is roughly the size of the entire British economy.

• Right now, four of the "too big to fail" banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

• The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

• According to the Bank for International Settlements, the global financial system has a total of 441 trillion dollars worth of exposure to interest rate derivatives.

• The US government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years

• Only 47 percent of all adults in America have a full-time job at this point.

• At this moment, there are 6 million Americans in the 16 to 24-year-old age group that are neither in school or working.

• According to the Social Security Administration, 40 percent of all US workers make less than $20,000 a year.

• Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

Tom Winsor, Her Majesty’s Chief Inspector of Constabulary, told the Home Affairs Select Committee “in anything that gets measured” there is an “incentive, resisted by many, to manipulate the process to make your own performance look good”. And Mr Winsor, the first chief inspector of constabulary to come from a non-policing background, disputed evidence given by the chief of the Metropolitan Police, Commissioner Sir Bernard Hogan-Howe, who claimed inspectors lauded his force’s crime data as “competent and reliable”.

His comments come after whistle-blowing police constable James Patrick told the Public Administration Select Committee officers routinely massage crime statistics to boost their forces’ performance figures. Asked by Committee chair Keith Vaz MP if there is manipulation occurring, Mr Winsor, a former rail regulator and lawyer, said: “It is almost certain that some manipulation is going on. The question is where, how much, how severe.”

The findings add to economists’ fears that Britain’s economic recovery is being fuelled by loans, rather than sustainable growth, as families put Christmas spending on credit and bury their heads in the sand. The extent of Britain’s reliance on debt was revealed this week with new figures showing that mortgages, personal loans and lending to small businesses totals more than £1 trillion.

Residents in the UK are more likely to increase spending on Christmas this year, compared with other European nations, according to the 12,000-person survey published today by ING, the Dutch-owned bank.