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The Pope Speaks out on the Economy December 3rd, 2013
Fr. Seamus Finn, OMI was interviewed today by The Lay Catholic on the Pope’s recent exhortation, The Joy of the Gospel.
“…Father Finn said the last two decades in the United States have witnessed a “growth in wealth in assets for the top 1 percent and stagnation of wages and assets for the middle class,” resulting in “widening gaps between a very, very small number of people at the top, a middle class that’s holding its own, and an impoverished sector that is barely hanging on and very dependent on the charity of others.”
“Father Finn said Pope Francis’ portrayal of the ideological struggle over state intervention in the economy is realistic, as exemplified by current debates in the U.S.”
“We have a whole number of folks who are saying, let’s shrink the size of government, let’s let the market and the private sector come up with and propose solutions,” particularly in the education and health care sectors, he said. “And we’ve got lots of other people saying, that’s leaving a lot of collateral damage out there. Who’s responsible for it?”
Texas-Mexico Border Bishops Publish Pastoral Letter on Family Immigration December 3rd, 2013
In a new pastoral letter “Families Beyond Borders,” the Catholic bishops of the border region of Texas, New Mexico and Mexico humanize the immigration debate by placing it in a moral context with specific illustrations of struggling children and families.
“One of the Archbishops spoke emotionally about undocumented immigrant children, some as young as 5 years old, who brave the dangers of the desert and coyotes and hide from authorities as well as human traffickers in an attempt to reach the safety of a new home of hope.”
Video (link) and Pastoral letter available here…
The bishops who worked on “Families Beyond Borders” represented the leadership of these dioceses and archdiocese: (From Texas) Amarillo, Brownsville, El Paso, Lubbock, San Angelo, and San Antonio (From New Mexico) The Diocese of Las Cruces. (From Mexico) Chihuaha, Ciudad Juárez, Cuahteoc-Madera, Matamoros, Monterrey, Nuevo Casas Grandes, Nuevo Laredo, Piedras Negras-Catedral Mártir, and Saltillo.
Patriarch Bartholomew Calls for “a spiritual worldview” on Climate November 27th, 2013
Patriarch Bartholomew, the Ecumenical Patriarch of Constantinople, in a message to climate negotiators at the recently concluded conference in Warsaw, urged “prompt, practical results” to address the growing escalation of climate change. The meeting was disappointing in this regard, making his challenge – particularly to people of faith – particularly important.
“The sensitivity with which we handle the natural environment clearly mirrors the sacredness that we reserve for the divine,” the Patriarch stated.
Citing the Gospel of Matthew, the Ecumenical Patriarch of Constantinople stated that at the Final Judgment, we will be taken to task not for our “religious observance but on whether we fed the hungry, gave drink to the thirsty, clothed the naked, comforted the sick, and cared for captives.” The reckless consumption of world’s resources, he continued, contributes to environmental changes that ultimately affect those who are most vulnerable.
Patriarch Bartholomew expressed the need for “a spiritual worldview” on the subject of climate that will assist in making aware the impact on all creation. The focus should be directed to the planet’s needs rather than the wants of the world.
“In our efforts, to contain global warming, we are ultimately admitting just how prepared we are to sacrifice some of our selfish and greedy lifestyles. When will we learn to say: “Enough!” he stated.
“When will we understand how important it is to leave as light a footprint as possible on this planet for the sake of future generations?”
Top US Banks Disappoint in Investor Study November 22nd, 2013
Five years after the crisis that rocked the financial world, seven leading U.S. banks scored a disappointing 60 or fewer out of 100 possible points in a benchmarking study released today by the Interfaith Center on Corporate Responsibility (ICCR), which represents 300 faith-based and socially responsible institutional investors with $100 billion in assets under management. The top banks were evaluated in terms of four key shareholder concerns: executive compensation, risk management, responsible lending and investing, and political contributions.
The financial institutions included in the ICCR report are: Goldman Sachs (60, which scored highest on responsible lending and investment and tied for highest on political contribution practices); Bank of New York (59.02, which scored highest on risk management and tied for highest on political contribution practices); JP Morgan Chase (56.5, which tied for highest on political contribution practices); Morgan Stanley (55.40); Bank of America (55.35); Citi (54.90, which tied for highest on political contribution practices): and Wells Fargo (50.73, which scored highest on executive compensation practices.).
You can find the full report on the ICCR website or download directly here.
Rev. Séamus Finn, director, Justice, Peace and Integrity of Creation for the Missionary Oblates of Mary Immaculate and ICCR board vice chair, said: “Five years after the U.S. financial meltdown, some of the banks are beginning to address their risk management protocols, but have much more work to do when it comes to responsible lending and investment. Overall disclosures are also weak, particularly related to both executive compensation and political contributions. What we see in these findings is a somewhat timid group of banks clustered in the average-to-below-average range with no single institution distinguishing itself as a leader for shareholders in the post-financial crisis era.”
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Pope Francis to launch “Food for All” campaign November 20th, 2013
On December 10, Pope Francis will launch a worldwide movement to respond to the needs of the poor and vulnerable by acting to end hunger. Access to adequate and nutritious food is a global problem of immense proportions, even for families in the U.S.
At noon local time, a global wave of prayer will begin in Tonga and will progress around the world until it reaches American Samoa some 24 hours and more than 164 countries later.
Please join Catholic Charities USA, Catholic Relief Services, and the network of Caritas Internationalis agencies providing relief to people suffering from hunger around the globe in participating in the wave of prayer. This is the beginning of a much larger campaign to combat hunger.
In addition, please check out the faith-based resource on poverty and hunger available from Catholic Rural Life, called Food Security and Economic Justice.
