As Economy Heads to Another Crash, BIS Acknowledges: We’re FailingWorld’s Most Powerful Bank Reverses Course, to Avoid a Global Depression German Economic News, Translation (and closing Note) by Eric Zuesse|Published: 22:07:15 20:10 clock The Bank for International Settlements (BIS) acknowledges in its annual report that the policy of cheap money has failed. All the trillions in monetary stimulus have produced no growth in the real economy.

‘Corporate Influence Has Won’: House Passes Anti-GMO Labeling BillThe U.S. House of Representatives on Thursday passed legislation that would block states from requiring the labeling of genetically engineered foods, or GMOs-a move that consumer rights groups decried as corporate power defeating Americans’ right to know what’s in their food. The bill, H.R.

House passes anti-GMO labeling lawDubbed the Safe and Accurate Food Labeling Act by supporters, but the “Deny Americans the Right to Know” or DARK Act, by opponents, the measure was approved 275-150 with 45 Democrats voting for the bill.

Citizenfour’s Laura Poitras suing US government over ‘harassment’The Oscar-winning documentary film-maker Laura Poitras is suing the US government demanding to know why she has repeatedly been subjected to “Kafkaesque harassment” at airports across the world. Poitras, 51, said she had been held at borders more than 50 times between 2006 and 2012, often for hours at a time.

Chatting in Secret While We’re All Being WatchedWhen you pick up the phone and call someone, or send a text message, or write an email, or send a Facebook message, or chat using Google Hangouts, other people find out what you’re saying, who you’re talking to, and where you’re located.

Eric Holder, Wall Street Double Agent, Comes in From the ColdEric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he’s not ready for the ivory tower yet. “I want to be a player,” he told the National Law Journal , one would have to say ominously.

Brain Scans Reveal The World Happiest Man: His Secrets Is Simple“Ricard sees living a good life, and showing compassion, not as a religious edict revealed from on high, but as a practical route to happiness.” A French genetic scientist may seem like an unusual person to hold the title – but Matthieu Ricard is the world’s happiest man, according to researchers.

Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”It was in April when we got a stark reminder of a post we first penned in April of 2011, describing Odious Debt, and why we thought sooner or later this legal term would become applicable for Greece, because two months ago Greek Zoi Konstantopoulou, speaker of the Greek parliament and a SYRIZA member, said she had established a new “Truth Committee on Public Debt” whose purposes was to “investigate how much of the debt is “illegal” with a view to writing it off.”