Market Crisis Slows Encyclical
Friday, November 14, 2008 8:40 AM
Benedict signs his second encyclical, Spe Salvi. (CNS/Reuters)
The long-awaited social encyclical of Pope Benedict XVI has been delayed again, this time because of the current financial crisis, according to sources in Rome.
Many had expected the document to be published in December, including Cardinal Renato Martino, president of the Pontifical Council for Justice and Peace. However, according to the Italian blog Palazzo Apostolico, quoting “trusted... READ MORE
Filed under benedict xvi, encyclical, financial crisis
Is Spending the Solution?
Wednesday, November 19, 2008 6:55 PM
(KRT Illustrations)
Is it possible to spend our way out of a global financial crisis that was sparked, at least in part, by the overspending that resulted from lax credit policies?
The Vatican isn’t persuaded this is necessarily the best approach.
Many participants at last weekend’s G-20 meeting of global leaders advocated increased spending as the key to overcoming the international financial... READ MORE
Filed under financial crisis
Meltdown Madness
Thursday, November 20, 2008 3:54 PM
Warner Bros./Kobal Collection
The Wall Street Journal today published a timely and thought-provoking commentary.
Its premise: “A nation whose people can’t say ‘Merry Christmas’ is a nation capable of ruining its own economy.”
The article is titled, “Mad Max and the Meltdown.” We suggest you give it a look.
— Tom McFeely
Filed under christmas, financial crisis, wall street journal
Is Capitalism Dead?
Wednesday, January 07, 2009 10:30 AM
No, it’s not, in the economically unsophisticated judgment of the Daily Blog.
In fact, it’s probably not even accurate to say that capitalism as a whole is on life support, despite last fall’s international financial crisis and the resulting aftershocks that continue to batter global markets. On the other hand, the prognosis is a lot bleaker for the kind of speculative capitalism that... READ MORE
Filed under capitalism, financial crisis
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