Papal Economics 101: President of the Vatican Bank Condemns Raising Taxes (and Explains Why) in L’OR

Vatican Bank President Ettore Gotti Tedeschi We’re going to be hearing a lot about raising taxes this year and next, and especially about the need to raise taxes on “the rich” in order to force them to pay their “fair share.” That’s because the American public has woken up to the fact that our government has been outspending itself at a furious pace — and ... More

Five reforms ideas for the Vatican Press Office

The recent media storm over Pope Benedict’s comments on condoms has exposed shortcomings in the way that the Vatican’s Press Office deals with the mainstream news media. Let me be clear: I’m not second-guessing the character or the intentions of people who serve the Holy Father. And unlike dissidents who agitate the Church to change her teachings, I fully support Pope Benedict XVI and the Ma... More

Next Wikileaks disclosure will include Vatican Cables

Presuming the operation isn’t shut down before then: As the uproar increases over Wikileaks publishing hundreds of thousands of confidential U.S. State Department cables online, the latest reports show that 852 of the communications involve the Vatican. U.S. leaders are decrying Wikileaks founder, Australian Julian Assange, for incrementally publishing over 250,000 cables on his non-prof... More
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Wikileaks: U.S. Intelligence expected South American pope after JP2

Mainstream media has been having a field day on the Wikileaks cache today. One of the leaks reveals that U.S. Intelligence was thrown off the Ratzinger scent leading up to his election as Pope Benedict by believing Italian news reports that a South American cardinal would be next in line: Apparently, not even the sophisticated U.S.  intellegence services were able to penetrate the walls of th... More
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CyberFAIL: Vatican’s new office for internet evangelization … is without a computer

Yikes! Someone send Abp. Fisichella a gift certificate! The head of the new pontifical council charged with evangelising cyberspace has said that his new office does not have an internet connection. Archbishop Rino Fisichella, president of the Pontifical Council for Promotion of the New Evangelisation, made the startling admission at a press conference unveiling the new council. A Motu Proprio... More

What do you think of Pope Benedict’s new Coat of Arms?

Now this is some great papist fodder – this Sunday a new papal coat of arms was revealed! Or, more precisely, an updated version of the pope’s original coat of arms was unfurled. Here’s the new version: By comparison, here is Pope Bendict’s “old” coat of arms: It is unclear if this redesign represents the new “official” version of the pope’s ... More

Money laundering at the Vatican Bank?

I don’t know anything beyond the news reports that began trickling out yesterday: The head of the Vatican bank has formally been placed under investigation in an inquiry into a suspected violation of Italy’s money-laundering laws, judicial sources said today. At the same time, a judge in Rome ordered a freeze on €23m (£19.5m) held in an account opened by the Vatican bank, the In... More
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Rocco speculates about a June 29th consistory of Cardinals

He says: Today’s morning mail offered the firmest indication yet that Benedict XVI will likely call a consistory for the creation of new cardinals to be held on 28 June… … Given his affinity for dates and the significance thereof, Benedict XVI — who, in his pre-papal days, took his annual retreat over the ten days from Ascension to Pentecost — might be given to revea... More

MotuMania: Rocco adds his collector's two cents

An interesting tidbit I hadn’t heard yet: “While supporters of the “classical” liturgy, placed in abeyance after the reforms of the Second Vatican Council, expect the document to affirm the Mass of Pius V (in its 1962 version) as an immemorial custom of the Roman rite and the privilege of celebrating it under the new text’s provisions as permanent, it’s also bee... More

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