Economic Outlook: First Quarter 2009

Economic Outlook: First Quarter 2009

U.S. ECONOMY Recent economic indicators have been coming in at better than expected levels over the past month.  After falling at a 4% rate since the summer of 2008, consumer spending is expected to rise slightly in the first quarter of 2009.  The University of Michigan Consumer Sentiment Index is expected to climb again in…

Vatican Aide: Put Man at the Center of the Economy—Cardinal Martino Says World Is More Than Just Money

Vatican Aide: Put Man at the Center of the Economy—Cardinal Martino Says World Is More Than Just Money

SANTIAGO, Chile (Zenit.org)—The financial crisis under way in the United States should remind us that the human person must be at the center of the economy, says the president of the Pontifical Council for Justice and Peace. Cardinal Renato Martino affirmed this in a press conference during a visit he is making to Chile through Wednesday.…