Meet the quiet Catholic money manager who’s comfortably beating the market

Meet the quiet Catholic money manager who’s comfortably beating the market

MarketWatch—More than 30 years ago, Philadelphia stockbroker Mark Mulholland bought a sandwich for a homeless man and it changed his life. “He said to me, ‘Whatever you did for one of the least of these brothers of mine you did unto me,’” Mulholland recalls. “Then he said, ‘That is Matthew, 25.’” He pulled a bible…

Ex head of the Vatican bank faced threats and intimidation

Ex head of the Vatican bank faced threats and intimidation

Crux—In two recent interviews, the former president of the Institute for the Works of Religion (IOR), better known as the Vatican Bank, spoke about the relationship between members of the Roman Curia and a failed Italian bank, the manipulation of accounts at the IOR and how working in the Vatican led him almost to lose…

Vatican Bank: Follow the Money if you can

Vatican Bank: Follow the Money if you can

On January 4, 2013, a month before Pope Benedict resigned, the Italian Central Bank turned the lights off on the entire Vatican. The Vatican no longer had the ability to make any electronic financial transactions. Italian authorities asserted that the Vatican was not in compliance with international money-laundering rules. This was a clear message that…

Papal Foundation Shaken by Scandalous Request to Fund Ailing Italian Hospital

Papal Foundation Shaken by Scandalous Request to Fund Ailing Italian Hospital

PHILADELPHIA (CNA/EWTN News)—Controversy over a $25 million grant from The Papal Foundation to a Rome hospital at the request of Pope Francis has prompted the foundation to say some claims about the issue are inaccurate, but that it will review its mission and take corrective measures where necessary.   The Philadelphia-based foundation said March 22…

End of Summer Musings

End of Summer Musings

U.S. ECONOMY As the nation’s housing bubble continues to deflate, the general economy remains reasonably robust. U. S. GNP figures for the second quarter showed growth of 3.4%, well above most economic estimates, as consumers and a newly growing export trade (due at least partially to a weaker dollar) pushed growth ahead. To date, the…