Pope to Convey Message of Hope to Crisis-hit Europeans on Portugal Trip

Washington Examiner – By Barry Hatton (AP) – May 10, 2010
LISBON, PORTUGAL — Pope Benedict XVI will speak about the economic crisis during his four-day trip to Portugal this week, telling Europeans to seek solace in their faith, a senior church official said Monday.
The pontiff intends to deliver a message that “the joy of [...]

Economic Life Should Be Oriented to the Common Good

Vatican Information Service – April 30, 2010
VATICAN CITY, 30 APR 2010 (VIS) – The Holy Father today received participants in the sixteenth plenary assembly of the Pontifical Academy of Social Sciences, which is meeting between 30 April and 4 May to discuss the world economic crisis in the light of the ethical principles enshrined in [...]

Holy See to UN: What About Bailout Money for Poor?

Zenit.org – March 19, 2010
NEW YORK, MARCH 25, 2010 (Zenit.org) – The Holy See is noting that the countries who found bailout money to save financial institutions in the economic crisis should also have resources for helping the poor.
Archbishop Celestino Migliore, the Holy See’s permanent observer at the U.N. offices in New York, stated this [...]

Cardinal Bertone Calls for Jobs, Not Welfare States

Zenit.org – March 19, 2010
ROME, MARCH 19, 2010 (Zenit.org) – Jobs need to be created and protected, and financial support for employers is part of the recipe, says Benedict XVI’s secretary of state.
Cardinal Tarcisio Bertone reflected on job creation in a talk Tuesday with members of Confindustria, the Italian employers’ federation.
The cardinal noted that job [...]

Pope Prays for World Economy

Zenit.org – March 1, 2010
VATICAN CITY, MARCH 1, 2010 (Zenit.org) – Benedict XVI will pray this month that justice and equity will be the ruling principles for the world’s economy.
The Apostleship of Prayer announced the intentions chosen by the Pope for March. His general intention is: “That the world economy may be managed according to [...]

Credit Markets Flash Hottest Warning Signal Since Crisis

The Telegraph – February 16, 2010
European credit markets are flashing the most serious warnings signs in a year as the yields on risker bonds rise sharply and a string of companies cancel share flotations, raising fears that the recovery may falter in coming months.
Jitters over Chinese credit tightening and default risks in Greece and [...]

Pope Addresses Italian Power Company on Rethinking the Economy

Catholic News Agency — February 6, 2010
Vatican City, Feb 6, 2010 / (CNA) — On Saturday at the Apostolic Palace, Pope Benedict met in audience with a group from a local Italian municipal agency. Speaking with them, but also to the international community, Holy Father stressed the importance of “social responsibility” in the business environment [...]

Holy See: Promoting Family Can Build Economy

Zenit.org – February 5, 2010
NEW YORK, FEB. 5, 2010 (Zenit.org).- The permanent observer of the Holy See at the United Nations is highlighting the family as a primary resource for building the economy and social integration and development.
Archbishop Celestino Migliore stated this Thursday in an address about social integration, which he delivered at the 48th [...]

Americans Looking for Real Political, Economic Change

Zenit.org – February 1, 2010 – By Carl Anderson
NEW HAVEN, Connecticut, FEB. 1, 2010 (Zenit.org).- Americans continue to see the country heading in the wrong direction.
During 2008, President Barack Obama clearly perceived this mood and brilliantly seized the day with the campaign slogan “Change We Can Believe In.” Now, a year into his presidency, Washington [...]

Economic Forum Leaves Biggest Question Unanswered

Zenit.org – February 1, 2010
DAVOS, Switzerland, FEB. 1, 2010 (Zenit.org) – After participating in the World Economic Forum in Switzerland, the secretary-general of Caritas says she is left wondering if financial institutions can really become motivated by more than just profit and also look out for the common good.
This was a reflection posted by Lesley-Anne [...]

Pope is Pleased with Greater Debate on Ethics in the Economy

Catholic News Service – By Carol Glatz – September 29, 2009
ABOARD THE PAPAL FLIGHT TO THE CZECH REPUBLIC (CNS) — Pope Benedict XVI said he is pleased that his recent encyclical has prompted increased debate over the role of the profit motive in world economies.
During a two-hour flight Sept. 26 from Rome’s Ciampino airport to [...]

“Development, Financing and Catholic Education in a Turbulent Economy” – O’Meara Ferguson 2009 summer conference

Plymouth, MI, Aug 10, 2009 – The O’Meara Ferguson 2009 summer conference, Development, Financing and Catholic Education in a Turbulent Economy, begins today and will continue through Wednesday, August 12. The conference will feature more than 20 speakers from various Church and secular organizations including the Archdiocese of Chicago, Archdiocese of Louisville, Goldman Sachs, Harvard [...]

Promoting Common Good Includes Regulating Economy, Cardinal Says

Catholic News Service – July 28, 2009 – By Cindy Wooden
ROME (CNS) — The fastest way to recover from the current economic crisis and the only way to ensure that a similar financial meltdown does not occur again is for governments to take seriously their role as regulators, the Vatican secretary of state told members [...]

Honduran Cardinal says Economies Based on Greed Must be Replaced

Catholic News Service – May 7, 2009 – By Carol Glatz
VATICAN CITY (CNS) — The financial meltdown is a symptom of a deeply flawed economic system that should not be repaired but should be replaced by one that is based on justice and solidarity, said the president of Caritas Internationalis.
“A world built on the globalization [...]

(podcast) The Economy, Building Projects, and Capital Campaigns: Hope Amidst Difficult Times

The Church’s witness to hope is needed now more than ever. In a recent podcast, O’Meara Ferguson president and founder Patrick O’Meara argues that as the stock market struggles to rebound and as trust in material things is fading, “the Church has the opportunity to speak with great conviction and with great efficacy.”
For O’Meara, [...]