Patriarch Kirill Sorts Out the Holy Sepulcher’s Debt

The Russian Patriarch is a powerful and influential man, make no doubt about it… The conflict over unpaid water bills of the Church of the Holy Sepulchre in Jerusalem has been resolved, the spokesman for Patriarch Kirill of Moscow and All Russia said. “The Holy Sepulchre Church’s water debts have been written off, not without the…

Could Italy Be Next?

Italy has begun crisis talks with the European Union: Italian finance minister Giulio Tremonti has begun crisis talks with Jean-Claude Juncker, chair of the Eurogroup of finance ministers from the 17 eurozone countries. The talks come as yields on Italian bonds have reached euro-era record levels. Italian Prime Minister Silvio Berlusconi is due to address parliament…

Americans Are More Indebted Than the US Government

Yahoo Finance reports: … Strangely, as the U.S. citizenry passionately criticizes their government for running up the budget deficit, a greater irony is afoot: When it comes to debt management, Americans are sadly worse than their government. While government debt sits at 94 percent of national revenue, U.S. household debt sits at a whopping 107 percent…

Catholic Bishops Urge House Against Steep Budget Cuts

In America. The nation’s Roman Catholic bishops are urging the GOP-led House to reject a cuts-only approach to the budget as Washington tries to avert an unprecedented government default on its multi-trillion-dollar debts. “A just framework for future budgets cannot rely on disproportionate cuts in essential services to poor persons,” wrote Bishop Stephen Blaire of…