Vatican note urges world finance reform for ‘common good’

Analysis “Common good.” The phrase is used 22 times in the 11 pages of the recent “note” from the Pontifical Council for Justice and Peace urging reform of the international financial and monetary systems. The document also speaks of “common dignity,” “common vision,” “common decisions” and of “universal brotherhood.” In fact, the needs of the…

Protesters march nationwide; over 200 arrested

NEW YORK (AP) — Occupy Wall Street protesters clogged streets and tied up traffic around the U.S. on Thursday to mark two months since the movement’s birth and signal they aren’t ready to quit, despite the breakup of many of their encampments by police. More than 200 people were arrested, most of them in New York. The demonstrations…

Catholic Church smooths way for disaffected Episcopalians

By Dan Gilgoff, CNN.com Religion Editor (CNN) – The Roman Catholic Church is establishing a program to help disaffected American Episcopalians to join the Catholic fold – including married Episcopal priests who want to become Catholic priests – it announced Tuesday. The move comes after dozens of Episcopal parishes have left the Episcopal Church in recent…

Ripples from Europe starting to hit US shores

The tremors from Europe’s financial upheaval have reached U.S. shores, rattling consumers and companies. The consequences have been limited so far. Yet the United States and Europe are so closely linked that any slowdown across the Atlantic is felt here. U.S. makers of cars, solar panels, drugs, clothes and computer equipment have all reported effects…

Iran Conducting Experiments ‘Specific’ to Developing Nuclear Arms, U.N. Says

VIENNA –  The U.N. nuclear atomic energy agency says that Iran is suspected of conducting secret experiments whose sole purpose can only be the development of nuclear arms. The conclusion is contained in a restricted International Atomic Energy Agency report obtained by The Associated Press Tuesday, shortly after it was circulated to the IAEA’s 35-nation board and…

USA’s drought costs exceed $10 billion

The nation’s costliest natural disaster of the year — the drought across the South that’s already cost the USA $10 billion — appears to be expanding its reach. The dry conditions have spread now into parts of the Southeast and Midwest, according to the U.S. Drought Monitor, a federal website that tracks drought across the country. More…

Use Catholic thought to re-shape culture: Archbishop Chaput

Speaking at Assumption College in Massachusetts, Archbishop Charles Chaput of Philadelphia argued that Catholic universities should proudly support and advance the Church’s distinctive scholarly heritage, and use Catholic thought to transform American culture. “Instead of Catholics converting the culture, the culture too often bleached out the apostolic zeal in Catholics while leaving the brand label…

American Synod follow-up committee speaks on inter-religious dialogue

The special council for the Synod of Bishops for America met in Rome last week, for discussions that centered on relations with other religions. A note released by the Synod of Bishops after the deliberations pointed out that Ecclesia in America, the apostolic exhortation that followed the discussions of the Synod for the Americas, set criteria…

Oligarchy, American Style

By PAUL KRUGMAN Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators! Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come…

Analysis: Leaving the euro carries massive costs

BRUSSELS (AP) — European leaders have struggled mightily to keep Greece in the eurozone, despite the drag that its economic weakness places on their growth. The reason is this: If Greece abandons the euro, the chaos it would wreak on the global economy can hardly be overstated. A Greek exit from the euro would almost certainly cause…