Alastair Jamieson
Saturday, 26 Apr 2014
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The list of sponsors is dominated by Italian corporations, including energy firms Eni and Enel, banking company Intesa SanPaolo and railway network Ferrovie Italiane.
It's perhaps an unlikely roll call of names to be associated with a Vatican event, six months after Pope Francis launched an attack on the global economic system as part of his call for a greater focus on the needs of the world's poor.
It's perhaps an unlikely roll call of names to be associated with a Vatican event, six months after Pope Francis launched an attack on the global economic system as part of his call for a greater focus on the needs of the world's poor.
Those remarks were dismissed by radio
host Rush Limbaugh as "pure Marxism" – an accusation that forced the
pope to reassure conservative critics that he was not embarking on a
political campaign.
http://www.cnbc.com/id/101616991
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The Catholic Church sits upon enormous assets - the Vatican Bank manages $8 billion worth of worldwide investments as well as 33,000 accounts for clergy and parishes – but its governing body, the Holy See, made a loss of $18.4 million in 2011.
The presence of corporate sponsors might instead be explained by Rome's perilous financial position. It faces a budget deficit of $1.17 billion and in February was turned down for a massive central government bailout to help it pay city employees and buy fuel for buses.
http://www.cnbc.com/id/101616991
More from NBCNews:
Ukraine Monastery Unites the Faithful as Country SplintersLast Residents of Picher, Oklahoma Won't Give Up the Ghost (Town)'Kill Jews' Town Highlights Spain's Struggles with Anti-Semitism
The Catholic Church sits upon enormous assets - the Vatican Bank manages $8 billion worth of worldwide investments as well as 33,000 accounts for clergy and parishes – but its governing body, the Holy See, made a loss of $18.4 million in 2011.
The presence of corporate sponsors might instead be explained by Rome's perilous financial position. It faces a budget deficit of $1.17 billion and in February was turned down for a massive central government bailout to help it pay city employees and buy fuel for buses.
Father Thomas Reese, a senior analyst
with the National Catholic Reporter, said as such events brought income
to businesses including hotels and restaurants it was "appropriate that
they help."
He added: "As one archbishop told me, 'You can't pay bills with holy cards.' Having an event to which hundreds of thousands of people attend, is expensive. Better to get some corporate sponsors than to take money out of the poor box for it."
He added: "As one archbishop told me, 'You can't pay bills with holy cards.' Having an event to which hundreds of thousands of people attend, is expensive. Better to get some corporate sponsors than to take money out of the poor box for it."
Not to criticize 'religion'. Is this what one would call their personal 'faith' in the 'religion of God' ?
ReplyDeletePeople, human beings, flocking together to swarm in a big motion of LOVE, and then the world swims in the energy of BLISS? Really and truly that is what this is?
ReplyDeleteHow can we trust this act that isn't a closet and private with our own 'god' within as well as without?!
ReplyDelete