‘Central World Bank’ Would Hurt Cardinal Turkson’s Native Ghana

Last summer, Acton’s PovertyCure team traveled to Ghana to meet with its economists and entrepreneurs — the men and women who are helping the country develop. It just so happens that they also met briefly with Peter Cardinal Turkson, president of the Vatican’s Pontifical Council for Peace and Justice and co-author of the note released yesterday that has stirred up a global controversy. Continue Reading...

Vatican’s Call for Central World Bank: What the Left Misses

Samuel Gregg is quoted in today’s New York Times story about the Vatican note calling for a central world bank — he gives the final word on the document. The “politically liberal Catholics” quoted before him reveal that they have missed a crucial distinction in the document produced by the Pontifical Council for Peace and Justice. Continue Reading...

Vatican Economic Analysis Incomplete, Says Gregg

Acton’s director of research Samuel Gregg has provided his reasoned take on the new document from the Pontifical Council for Justice and Peace — it’s up at The Corner. While its diagnosis of the world economy is fairly accurate, the council’s treatment plan is lacking in prudential analysis. Continue Reading...

Samuel Gregg: Pope’s Work Cut out for Him in Germany

Director of Research Samuel Gregg has written a special report for the American Spectator about Benedict XVI’s upcoming trip to Germany. The recent World Youth Day in Spain may have looked like a bigger challenge for Benedict, but Gregg says that Germany, while its economy looks good, is facing rough seas ahead. Continue Reading...

World Youth Day: Pope talks profits and people

On his flight to World Youth Day in Madrid this morning, Pope Benedict XVI responded to a question about the current economic crisis. Not sure what the question was, but the well-respected Italian Vatican analyst Andrea Tornielli captured the reply. Continue Reading...

Benedict XVI on Europe’s Future

World Youth Day being held in Madrid August 16-21 will be an important opportunity for Pope Benedict XVI to speak regarding Europe’s Christian roots. George Weigel summarized some remarks from the Holy Father to religious and cultural leaders in Zagreb, Croatia. Continue Reading...

The Paper Pope

I have said it many times in the past, but now I have confirmation: According to the editors of the New York Times, the Pope is not permitted to make moral judgments because only the Editorial Board of the New York Times (all genuflect here) is permitted to pontificate: “Ms. Continue Reading...

Chilean Model of Integral Development Visits the Vatican

The President of Chile, Sebastián Piñera, visited Pope Benedict XVI in the Vatican yesterday, and the Vatican’s daily newspaper L’Osservatore Romano carried a front-page article by Piñera on “Economic Development and Integral Development,” a theme of great interest to us at Acton and the subject of our current conference series Poverty, Entrepreneurship and Integral Development. Continue Reading...

Poverty, Charity, and The State

Joe Carter wrote a good piece on poverty and Christian charity over at the First Things site with some good quotes from Abraham Kuyper. Carter writes: The problem of poverty, at least in America, is not just that it makes it difficult for people to fulfill their material needs, but rather that it blinds us all to what we really need. Continue Reading...