The latest annual report covers the period from July 1, 2009 to June 30, 2010, the PPFA's fiscal year. The report states that the organization received "government health services grants and reimbursements" totaling $487.4 million. Previous Planned Parenthood annual reports showed total funding from "government grants and contracts" (which were $363.2 million in 2009), while this year's report also accounts for payments from Medicaid managed care plans among the payments the group receives from government.

When compared with previous annual reports, the latest one shows an almost steady increase in the number of abortions performed at its clinics: In 2006, Planned Parenthood did 289,750 abortions; in 2007, it did 305,310; in 2009, it did 331,796; and, in 2010, it did 329,445 - a small decrease from the previous year. Marjorie Dannenfelser, president of the Susan B Anthony List, a pro-life organization that lobbies Congress to defund Planned Parenthood, called the organization an "abortion giant."

"With over a billion in net assets and a business model centered on abortion and government subsidies, it is time for Planned Parenthood to end its reliance on taxpayer dollars," Dannenfelser said in a statement. "Despite an unprecedented effort by statewide and federal leaders to defund them, a wave of former employees willing to testify against them, and uniform agreement amongst Republican presidential candidates that they should be defunded, Planned Parenthood continues full-steam ahead."

"They are unwilling to answer to the pro-life American majority that wants out of this business," Dannenfelser said.

Kashya Hildebrand's dealings have sparked questions about Switzerland's cherished banking secrecy laws, as she appeared to profit from the decisions of the Swiss National Bank (SNB). Bank Sarasin yesterday fired the employee who broke the rules by handing Mrs Hildebrand's information to an opposition politician, while the SNB swung behind its chairman, who will make his first public statement on the affair tomorrow. The disclosures reportedly showed that Mrs Hildebrand made a Sfr75,000 profit by transferring Sfr400,000 into US dollars in August last year, shortly before the SNB effectively pegged the currency to the euro.

Two months later, after the Swiss franc had fallen in value, she converted the dollars back - making a 19 per cent return in just two months. Following the revelation, the SNB investigated Mrs Hildebrand's trade and ruled it did not infringe internal rules. However, facing calls for greater transparency, the central bank was yesterday forced to release its guidelines on financial dealings for members of the governing board as well as a report on the trade by auditors PricewaterhouseCoopers.

The report concluded that the trade was "delicate" but did not breach any guidelines. It also said Mr Hildebrand first learned of the deal the day after his wife completed it. He then apparently disclosed her position to the SNB board and instructed Bank Sarasin only to act on his orders in future. Mrs Hildebrand went on Swiss television yesterday to say she "felt good" about the deal. She added: "What motivated me to buy dollars was the fact that it was at a record low and was almost ridiculously cheap. As I have worked in the financial and banking industry for over 15 years and always observe the markets, I felt at ease with this transaction."

He will also raise concerns about the ability and willingness of Britain's debt-stricken European allies to support military operations in Afghanistan and warn Iran against interfering with the oil trade. On his first visit to Washington in the role, Mr Hammond will say that British and US defence cuts are necessary to balance the public finances. Without that balance, military forces will be dangerously undermined, he will argue.

The US is about to follow Britain into a painful round of defence cuts, reducing its military spending by around 8 per cent over the next decade. Britain is making a similar reduction in half that time. Mr Hammond said that such cuts should be seen as a military necessity, because unless governments reduce their deficits, they will ultimately be unable to fund their armed forces.

"Without strong economies and stable public finances it is impossible to build and sustain, in the long-term, the military capability required to project power and maintain defence," Mr Hammond will say. "That is why today the debt crisis should be considered the greatest strategic threat to the future security of our nations."

Seyyed Mahmoud Moussavi, Iranian Military Drills Spokesman, stated "Both missiles hit the intended targets successfully." It turned out the missiles weren't that long range after all. The Qhader missile, introduced in September, has a range of just 124 miles. The US Navy's fifth fleet in Bahrain is 150 miles from Iran. Israel is four times farther.

"We've seen that they've photoshopped, for example, photographs of missile tests before to make it look more impressive than it actually is, so I would take all this with a grain of salt. I think this is mainly posturing. It's gamesmanship. And it's again meant to send a message that the Iranians aren't simply going to sit back while their oil is sanctioned," said Michael Singh, Washington Institute for Near East Policy. Their leaders backed away from threats to close the strait as President Obama signed a defense spending bill on Saturday, which includes the new sanctions. It also has a national security waiver, allowing the president to withhold the sanctions if they are deemed to cause the price of oil to rise.

Iran reacted to the threatened sanctions Sunday announcing another alleged breakthrough: the manufacture of a nuclear fuel rod that is made from Iran's own Uranium ore deposits. The rod is needed at the Bushehr Nuclear Plant and the advance could allow them to skirt restrictions on its nuclear program. US officials have not been able to assess whether the fuel rod advance is real. Just the threat of tighter sanctions targeting Iran's crude oil sales has sent Iran's currency into a freefall. It lost twelve percent of its value Tuesday and many Iranians are now buying gold.

Greece will almost certainly be first to give up the euro, with Italy expected to be close behind. The eurozone as a whole is almost certain to disintegrate entirely over the next decade, the centre added. The gloomy forecast came in a start-of-the-year survey from the think-tank. It is likely to be taken very seriously in Westminster and Brussels, since the CEBR accurately predicted last year's eurozone debt crisis.

In the latest forecast, chief executive Douglas McWilliams said: "It looks as though 2012 will be the year when the euro starts to break up. It is not a done deal yet - we are only forecasting a 60 per cent probability - but our forecast is that by the end of the year at least one country, and probably more, will leave.

"We have revised up our forecast of the probability of an eventual break-up within the next decade from an 80 per cent chance to a 99 per cent chance." Mr McWilliams added: "It's become clearer in the last year of the virtual political impossibility of doing the deal that would be necessary to make the euro survive. To make the euro survive in the longer term, it needs countries to be sufficiently competitive to have some economic growth to be able to pay off their debts." Officials at the Treasury and the Bank of England are understood to be working on plans to deal with the break-up, which many experts fear will start a global economic crisis.

Its survey of chief financial officers (CFOs) said most see a break-up of the euro as the biggest risk to their firm. A separate survey has also highlighted a big fall in confidence among UK small and medium-sized enterprises (SMEs). Lloyds Bank Corporate Markets said its monthly business barometer fell to its lowest level in three years in December. Deloitte said that CFOs believe a collapse of the euro would have a severe effect on UK businesses, causing a new credit crunch and causing major swings in asset prices and exchange rates.

They now anticipate the UK will fall back into recesson and are already reporting the sharpest decline in credit availability since the collapse of Lehman Brothers in September 2008. "Against such a backdrop it is no surprise that a return to recession in the UK is, after the euro, the second biggest concern for CFOs in 2012," said Ian Stewart, Deloitte chief economist.

"CFOs are now working on the assumption that Britain will fall back into recession. They see a 54% chance of a 'double-dip', up from just 27% a year ago."

With a population of only 6,000, Zossen is a typical small German town, remote from large industries and financial centers. Life here is calm and peaceful - or at least it used to be, before 2009. It all started with Nazi symbols appearing around the town. Then a local social center was torched. A young man who openly identifies himself as a neo-Nazi, and who admitted encouraging a teenager to set the center on fire, is now being prosecuted and faces up to two years behind bars.

Jorg Wanke, who has spearheaded a campaign against neo-Nazis in his home town, has seen his own office vandalized. He says the final straw came when neo-Nazis marched through Zossen's main square. "I used to be afraid, but it helps not to act alone, to have supporters. I became a public person with our initiative and it's sort of my protection," says Wanke. Another activist, Peter Schmidt, says the town is divided on how to respond to the neo-Nazi threat. "Some say we're exaggerating and are only making things worse by attracting too much attention. But I think they are simply afraid," he says.

Activists say it is easy for the neo-Nazis to recruit new members, especially among disillusioned and dejected teenagers. With poor infrastructure and high unemployment, and few social escapes on offer in the town, it is often simply boredom which drives them to extremes. Unfortunately, the problem with neo-Nazism in Germany exists on a much wider scale. Thousands of neo-Nazis gather for annual marches in Dresden, often clashing with police and anti-fascist activists. And in November, German police caught two suspects believed to be members of a neo-Nazi terror cell involved in killing at least 10 foreigners.

Germany's focus may currently be fixed on spending billions to pull the eurozone out of its crisis, but it ignores economic trouble at home at its peril. If left unchecked, it may not be too long before a disenfranchised youth drags Germany towards some of the biggest mistakes of its past.

The New Year's address delivered by Greek Prime Minister Lucas Papademos was not exactly full of hope. A "very difficult year" was coming to an end, he intoned, and another "very difficult year" was beginning. He also said that the first three months of the new year were "especially critical." On Tuesday, government spokesman Pantelis Kapsis told Greek television station Skai TV exactly what that means. Greece and the euro zone have to quickly reach agreement on the second, 130 billion euros bailout package agreed to in principle last autumn. Otherwise, the country faces insolvency.

"The bailout agreement needs to be signed," he said. "Otherwise, we will be out of the markets, out of the euro. The situation will be much worse." Athens and Brussels are currently in the process of hammering out the details of the bailout package, which includes a 50 percent haircut on Greek bonds aimed at cutting overall debt by 100 billion euros. Negotiations with private creditors over the writedowns are a crucial element of the aid package. In addition, representatives from the European Union, the European Central Bank and the International Monetary Fund - the so-called troika - will be in the Greek capital on January 16 to monitor progress made on promised reforms and austerity measures.

Meanwhile, despite a lull over the holidays, investors continue to believe that 2012 will be a difficult one for the euro. According to a report in the Financial Times on Tuesday, hedge funds are betting against the European common currency to a greater degree than ever before. Citing data from the US-based Commodity Futures Trading Commission, the paper writes that a record number of so-called short positions - essentially bets that the euro will drop - were established in the last week of 2011.

The sale of securities to Goldman occurred on October 27, just days before MF Global Holdings Ltd (MFGLQ.PK) filed for bankruptcy on October 31, the ex-employees said. One of the employees said the transaction was cleared with JPMorgan Chase. At the same time MF Global, which was run by former Goldman Sachs head Jon Corzine, was selling securities to Goldman to raise badly needed cash, the futures firm was also drawing down a $1.2 billion revolving line of credit it had with JPMorgan, according to one of the former MF Global employees.

JPMorgan spokeswoman Mary Sedarat said the bank did not withold money because of the line of credit. She declined further comment on details of the transactions. JPMorgan has fought aggressively in bankruptcy court to protect its interests, and received a lien on some of MF Global's assets in exchange for granting the firm $8 million to fund its bankruptcy costs. The lien puts JPMorgan's interests ahead of MF Global customers who have not yet received an estimated $900 million worth of money from their accounts, which remain frozen as regulators search for missing funds.

The hastily crafted transactions and the seeming inability of MF Global to recoup some of the money in the sale to Goldman may start to explain why so much money remains unaccounted for at the futures firm. It is unclear what type of assets Goldman bought from MF Global, but the securities were worth hundreds of millions of dollars, the former employees said. The sources spoke on the condition of anonymity.

"I advise, recommend and warn them (the Americans) over the return of this carrier to the Persian Gulf because we are not in the habit of warning more than once," the semi-official Fars news agency quoted Salehi as saying. Salehi did not name the aircraft carrier or give details of the action Iran might take if it returned. However, last week a spokeswoman for the US 5th Fleet said the USS John C Stennis had left the Gulf.

Iran completed 10 days of naval exercises in the Gulf on Monday, and said during the drills that if foreign powers imposed sanctions on its crude exports it could shut the Strait of Hormuz, through which 40 percent of the world's traded oil is shipped. The US Fifth Fleet, which is based in Bahrain, said it would not allow shipping to be disrupted in the strait.

Its plans come after the Coalition raised the VAT rate to 20 per cent last year but kept an exemption for food, children's clothes, passenger travel, books, newspapers and other products. Last night the proposals sparked outrage among politicians and public-spending campaigners who attacked the Eurocrats for trying to interfere in Britain's tax affairs. Ukip leader Nigel Farage said: "In their desperation to raise cash, the EU is prepared to do anything and hurt the most vulnerable."

"These plans would add up to 20 per cent costs on food and children's clothes. To put an extra tax on books and newspapers would be a strike for ignorance over education." Everyone would suffer, but the most vulnerable would suffer the most. The Commission, supported by the London-based Institute for Fiscal Studies think-tank, called for the exemptions to be abandoned to allow a common VAT regime that would streamline the single market. But the move, which could raise 24 billion pounds a year for Government coffers, would deliver a crippling blow to the country's poorest families and hard-pressed pensioners.

Eurocrats and the institute argue that much of the money could be given back by cutting the standard rate of VAT, lower income tax and increases in benefits. But John O'Connell, of the TaxPayers' Alliance, said: "The UK's tax system is too burdensome and too complex, but changes should be decided here not by Eurocrats."

''There is no possibility in the current situation of evaluating what will happen the day after Bashar's fall,'' he said. Barak warned the committee the fall of the Assad family could have implications for the Israeli-occupied Golan Heights. ''In the north, there may be possible implications from Syria on the Golan Heights and a broader area as the result of the loss of control,'' he said on Monday in a separate statement released by his office.

Syrian opposition leaders have said that Israel will "likely remain an enemy" in the eyes of any government they head. Assad has been at the helm of a bloody crackdown on pro-democracy activists that UN Human Rights officials estimate has killed more than 5,000 civilians since 'Arab Spring' protests erupted in Syria early in 2011. Assad and his Hizbullah allies have insinuated Lebanese opposition figures who recently met with Saudi officials in Riyadh are linked to anti-Assad insurgents in Syria.

Saudi Arabia and its Gulf allies have sought to isolate Assad as a means of undercutting rival Iran's axis of influence in the region.

Harry Burkhart, 24, was booked for investigation of arson of an inhabited dwelling and was being held without bail, authorities said. He is a German national, but authorities said they didn't know how long he's been in the United States. Police said he told arresting officers he's from Frankfurt. Burkhart was arrested earlier in the day because he resembled a "person of interest" captured on surveillance video. He was stopped by a reserve sheriff's deputy in a van being sought by arson investigators, who did not rule out the possibility that others may be involved.

More than 50 blazes have flared since Friday in Hollywood, neighboring West Hollywood and the San Fernando Valley, causing about $3 million in damage. Firefighters have not responded to any other suspicious fires since Burkhart was detained. The blazes forced many apartment dwellers from their homes. But there were no serious injuries - one firefighter was hurt in a fall from a ladder, and another person suffered smoke inhalation. Most of the fires began in cars, and authorities have not said how they were started.

The demonstration near the city's opera house comes amid rising anger with the ruling Fidesz party, which critics - including the US secretary of state, Hillary Clinton - fear is eroding individual liberties and media freedom while undermining the independence of the judiciary and other state institutions. Across town, outside the headquarters of the state broadcaster MTV, journalists have been on hunger strike since 9 December, protesting at what they say is gross interference in their work by pro-government editors. They were outraged after a former chief justice was airbrushed out of a state television broadcast, evoking the dark days of media manipulation during the Soviet era.

There were also protests in December when Klubradio, a popular liberal radio station critical of the government, announced it would have to shut down in 2012 after its frequency was given to a new company. The decision was taken by the controversial Media Council, whose members are all nominated by Fidesz. Last week MPs from the Politics Can Be Different (LMP) party were arrested when they chained themselves to the parliament gate in a protest at the government's unilateral law changes.

With two-thirds of all MPs in the Hungarian parliament, Fidesz is able to pass dramatic legislation unhindered by the opposition. In 18 months in office, the government has passed hundreds of new laws. On Friday, it ignored warnings from the International Monetary Fund and the European Union to approve new central bank regulations which give the government the power to appoint bank deputies.

The IMF and the EU had already broken off talks which had been scheduled to discuss a bailout of Hungary's faltering economy. The country's finances are in such a poor state that just before Christmas the ratings agencies Moody's and S&P downgraded Hungary's debt to junk category. At a government securities auction last week, just 50% of a total offer of 100 million euros were sold at extremely high yields, suggesting that investors had lost faith.

Tensions between Iran and the West escalated again on Monday as Tehran announced it had test-fired two long-range missiles in international waters near the strategic Strait of Hormuz. "We have successfully test-fired long-range shore-to-sea and surface-to-surface missiles, called Qader (capable) and Nour (Light) today," Deputy navy Commander Mahmoud Mousavi told state television.

Amid ongoing international criticism of Iran's nuclear program, the missile launches were Tehran's latest show of force in military exercises started in response to the pressure. Monday's maneuvers came after the country announced the launch of a medium range missile the day before. The so-called war games could bring Iranian ships near US naval forces operating in the Persian Gulf. Both the US and Israel have not ruled out a military response in the conflict over Iran's nuclear ambitions, and US forces based in Bahrain have said they will not allow a closure of the important Strait of Hormuz - through which 40 percent of the world's crude oil is transported.

Center-left daily Suddeutsche Zeitung writes:

"The United States and Iran are playing a dangerous game of cat and mouse... It remains unclear just how strict the US government will be in applying the new sanctions. The White House can approve exceptions. But if punishments are pushed through to their full extent, they will amount to an economic blockade against Iran."

"The US sanctions are the toughest yet to be levied against Tehran in the battle over Iran's nuclear program. And they are risky. In the past, when such blockades were enforced by military ships along foreign coasts, they were considered an act of war. If Iran's oil doesn't reach the world market, oil prices will reach painful levels for the West. Still, even if there is little to suggest that Iran will back down, it's worth a try. The alternatives would be far more uncomfortable: Iran with nuclear weapons or an Israeli military strike."

Conservative daily Die Welt writes:

"Ten years ago former US President George W Bush coined the phrase "axis of evil" when he gave his State of the Union speech on January 29, 2002, describing Iraq, Iran and North Korea as regimes who aimed to threaten the West with terror and weapons of mass destruction. In Europe, no one wanted to accept this culturally antiquated moral-religious speech, also finding the term 'axis' confusing, as it implied these nations were forming an alliance... Today, Iran, Syria and North Korea do advise and support each other about rockets and even nuclear questions."

"Bush was right in his diagnosis. Dictators remain dictators, evil and hostile. One shouldn't tolerate them, and must instead fight them with all possible means. Especially Iran and North Korea."

The conservative Frankfurter Allgemeine Zeitung writes:

"Iran is playing with fire. With even the tiniest wrong move, the Middle East could be left in flames... According to an Iranian General, closing the Strait (of Hormuz) would be as simple as drinking a glass of water. But Iran would only be harming itself that way."

"The country's Arabic neighbors are alarmed. Even the threat of closing the strait is tantamount to blackmail. They turn cold with the thought that Iran could soon be armed with atomic weapons, becoming even more aggressive. The only way to prevent this is once again more weapons from America."