A friend sent me a link to a Reuters story on Pope Benedict XVI’s New Year’s homily. The article carried this headline: “Pope hopes for 2013 of peace, slams unbridled capitalism.”

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This morning the Pontifical Council for Justice and Peace issued a bold statement advising how to bring order to the global financial crisis. I was in attendance at the much anticipated press conference that was organized to debrief reporters on the statement’s content.

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There has been a lot of buzz throughout the Roman Catholic Church as it prepares to implement a new missal on November 27. As the Church begins a new chapter in its history, Tony Oleck writes an article for Crisis Magazine titled “The True Beauty of Liturgy.” Oleck is a Roman Catholic seminarian for the Congregation of Holy Cross and a summer intern at the Acton Institute.

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The budget proposed by House Republicans has lead to a heated debate; one key facet being whether funding should be cut for programs that benefit the poor and vulnerable. Critics claim the House Republicans’ proposed budget violates Catholic social teaching (click here to read the critics’ open letter to Speaker Boehner). Rev. Robert A. Sirico’s first response to Boehner’s critics appeared in NRO. In this week’s commentary Rev. Sirico expands upon his first response and articulates how Catholics can disagree on how to assist the poor and vulnerable. The article originally appeared in Crisis Magazine.

Read more on Rev. Sirico: Not Whether to Help the Poor, But How…

The official release of Pope Benedict’s social encyclical Caritas in Veritate took place this morning at the Holy See Press Office in Rome.

There were four speakers at the presentation: Cardinal Renato Raffaele Martino, President of the Pontifical Council for Justice and Peace (PCJP), Cardinal Paul Josef Cordes, President of the Pontifical Council Cor Unum, Archbishop Giampaolo Crepaldi, the newly-appointed bishop of Trieste and former Secretary of PCJP, and Professor Stefano Zamagni, Professor of Economics at the University of Bologna and a consultor for PCJP.

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Pope Benedict XVI’s much anticipated economics encyclical, Caritas in Veritate, is scheduled to be released early next week, according reports. For a good sense of this pope’s thinking on economics, we offer an article the then-Joseph Cardinal Ratzinger presented in 1985 at a symposium in Rome.  The Acton Institute published it under the title “Market Economy and Ethics.”  As indicated by the following quote, the pope believed in integrating morals into economics in order to have sound and successful economic policy:

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According to the Catholic News Agency, an Italian newspaper claims to have acquired some parts of the upcoming Caritas in Veritate encyclical of Pope Benedict XVI.  Some of the quotes published by Corriere della Sera are claimed to be from the encyclical and align with the predictions that the Pope will be advocating for morality to be the basis of solving our economic crisis. Here is a quote:

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There has been much discussion, commentary, and debate on Pope Benedict’s much anticipated encyclical on the economy Caritas in Veritate (remarkable for a statement that has not yet been released).  At the PowerBlog, we will keep you informed on what is being said about the encyclical and, when it is released, we look forward to providing great coverage.

Read more on Allen and Novak on Caritas in Veritate…

In the midst of the release of his expected encyclical, Pope Benedict is calling for a new world economic order; a model that is “more attentive to the demands of solidarity and more respectful of human dignity.” Professor Philip Booth, editorial and program director of the Institute for Economic Affairs, and speaker at Acton University, was interviewed by The Catholic Herald, a UK paper, about the Pope’s upcoming encyclical:

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This post will introduce what I intend to be an extended series concerned with recovering and reviving the catholicity of Protestant ethics.

Protestant catholicity? Isn’t this an oxymoron? It may come as a surprise in light of a common stereotype of Protestant theology, but the older Protestant understanding of reason, the divine will, and natural law actually provided a bulwark against the notion of a capricious God, unbounded by truth and goodness, as Pope Benedict recently pointed out in relation to Islam’s understanding of God. “In all honesty,” he states,

Read more on The Catholicity of the Reformation: Musings on Reason, Will, and Natural Law, Part 1…