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Oblates Join Broad Coalition in Call for Reform of Financial Markets February 8th, 2010
Commodity Markets Oversight Coalition and Americans for Financial Reform Call for Reforms that Could Have Prevented Economic Crisis and Commodities Bubbles
The Missionary Oblates, long active in shareholder advocacy, have been pressing for major reforms in derivatives trading and commodity speculation in their dialogs with major banks and other financial services institutions. Recently, the Oblates joined a broad coalition calling for needed reform of the financial system to prevent a repeat of last year’s financial meltdown.
Advocates for financial reform have formed a powerful partnership with business interests ranging from heating and motor fuels retailers to cotton marketers, and trucking companies to airlines, and this new alliance is calling on Congress and Federal Regulators to bring derivatives out of the shadows and into the daylight.
Read the Coalition’s “Joint Statement of Shared Principles for Needed Reforms in the Futures/Derivatives Markets.”
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Fr. George McLean, OMI Lauded in Article January 13th, 2010
“In 40 years of quiet work, Oblate Fr. George F. McLean has traveled the globe — China, India, Africa, Eastern Europe, Latin America — promoting intercultural dialogue and understanding on basic human and social issues among thinkers in scores of countries.” Thus begins a fascinating account of the life work of Fr. George McLean, OMI – written by Jerry Filteau, Washington correspondent of the National Catholic Reporter.
In ending, Filteau says: “In today’s world of ideas, it’s truly hard to assess what impact any single person has had, but it’s at least arguable that McLean may have had more influence on world events over the past 40 years than many far more public figures of that era.”
January Proclaimed Human Trafficking Month January 12th, 2010
President Obama has proclaimed January 2010 as National Slavery and Human Trafficking Prevention Month, culminating in the annual celebration of National Freedom Day on February 1.
The US State Department estimates that 14,500-17,500 people are trafficked into the United States each year in a modern-day version of slavery. These numbers do not show the estimated 100,000 minors that are trafficked within U.S. borders into prostitution, nor do they show the individuals that never receive services or law enforcement intervention.
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Pope Benedict Denounces the Failure to Forge New Climate Treaty January 11th, 2010
Pope Benedict XVI strongly criticized the failure of world leaders to agree to a new climate change treaty in Copenhagen last month, saying that world peace depends on safeguarding God’s creation.
The Pope made his comments in a speech to ambassadors accredited to the Vatican, an annual appointment during which the pontiff reflects on issues the Vatican wants to highlight to the diplomatic corps.
Pope Benedict has been very vocal about the need to protect the environment, taking steps to decrease the carbon footprint of the Vatican. Protection of creation is a moral issue for the pontiff who highlighted the fact that climate change is particularly critical for island nations, and also for the African continent where the battle for resources and increasing desertification has led to armed conflicts.
In his speech, Benedict criticized the “economic and political resistance” to fighting environmental degradation and creating a new climate treaty at last month’s negotiations in Copenhagen.
Sean McDonagh, SSC Laments Lost Opportunity at Copenhagen January 8th, 2010
Sean McDonagh, SSC, a respected author and speaker on environmental issues and one of the most articulate advocates for action on climate change within the Catholic Church, offers a close up view and analysis of the failed climate conference in Copenhagen.
He wrote a number of excellent brief articles from Copenhagen that give a vivid sense of the conference, as well as valuable information on the climate change debate.
Read his articles here:
- COP-01- Setting the Stage for COP 15 in Copenhagen (December 8, 2009)
- COP-02-How Robust is the Science of Climate Change (December 9 2009)
- COP-03-There is a need for urgent action on Adaptation (December 10 2009)
- COP-04-Politics and the UN Framework Convention Climate Change Conference (December 11 2009)
- COP-05-Tuvalus intervention on December 9th 2009 (December 14, 2009)
- COP-06-Q&A on Copenhagen and Reflections on the Church (Dec. 14 2009)
- COP-07-Tight Restrictions at COP15 (Dec 15 2009)
- COP-08-Politican Leaders Converging on Copenhagen (Dec. 16 2009)
