Posts Tagged ‘Economic crisis’

When capitalists cared Comments 0

Friday, September 7th, 2012

In the rancorous debate over how to get the sluggish economy moving, we have forgotten the wisdom of Henry Ford. In 1914, not long after the Ford Motor Company came out with the Model T, Ford made the startling announcement that he would pay his workers the unheard-of wage of $5 a day. Not only Read more

Kevin Barr on greed and the economic crisis Comments 0

Tuesday, April 24th, 2012

Fiji based social justice advocate, Father Kevin Barr, has launched a new booklet in which he argues that greed, individual and corporate, lies at the heart of the current global economic crisis. Key issues discussed in the booklet include: The “scandalous” aspects of wealth and poverty in the US and other countries; The current growing Read more

Jewish-Catholic commission agrees: economic crisis reflects moral crisis Comments 0

Tuesday, April 3rd, 2012

“Religious perspectives on the current financial crisis: vision for a just economic order” was the theme of the eleventh meeting of the Bilateral Commission of the Delegations of the Chief Rabbinate of Israel and the Holy See’s Commission for Religious Relations with Jews, which was held in Rome from 27 to 29 March. The event was presided by Rabbi Shear Yashuv Cohen, and by Cardinal Peter Kodwo Turkson, president of the Pontifical Council for Justice and Peace.

In an English-language joint statement issued at the end of the meeting, the two sides highlight that, “while many factors contributed to the financial crisis, at its roots lies a crisis of moral values in which the importance of having, reflected in a culture of greed, eclipsed the importance of being; and where the value of truth reflected in honesty and transparency was sorely lacking in economic activity”.

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Pope: Brotherhood, is the response to the global economic crisis Comments 0

Tuesday, November 29th, 2011

Pope Benedict has encouraged to world to display a courageous showing of brotherhood in face of the global economic crisis. In times when people are left searching for hope, people need to be able to rely on “the courage of of brotherhood,” the pontiff told the Italian branch of Caritas. Lamenting the divide between rich Read more

Occupy Wall Street — economics as if people mattered Comments 0

Friday, November 11th, 2011

This article is by Fr Chris Middleton SJ, the Principal of St Aloysius College, Milson’s Point, in Sydney. It is an edited version of an article that originally appeared in the college’s newsletter   The Occupy Wall Street protests have swept around the globe. While it is hard to identify a coherent program in these protests, it is Read more

Vatican banker: Higher taxes won’t solve economic crisis Comments 2

Friday, September 2nd, 2011

The president of the Vatican Bank, Ettore Tedeschi, recommends avoiding ‘deceptive simplifications’ when trying to find solutions to the world’s economic crisis. The Vatican banker warns that higher taxes are not a solution to the current economic crisis and that higher taxes merely create a higher level of public spending. Rather, he said, ‘authentic global solutions’ Read more

Is this the Vatican’s twilight Comments 0

Tuesday, August 9th, 2011

“Sometimes I feel like the last ambassador to the Republic of Venice.” These words, pronounced by a European ambassador to the Holy See, testify to the stress that both sex abuse scandals and the economic crisis are creating in diplomatic circles in Rome. Being appointed ambassador to the Vatican still gives a very prestigious status. Read more