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Politics : The Clown-Free Bible Study Zone -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1466)	7/17/2008 3:03:55 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 2103

LOL.

To: Broken_Clock who wrote (1466)	7/17/2008 4:14:41 AM
From: S. maltophilia	Read Replies (1) \| Respond to of 2103

Squander away: Weak dollar sends Vatican into the red * Graeme Wearden * The Guardian, * Friday July 11, 2008 The Vatican has blamed a weak dollar for pushing it into its first loss in four years by undermining the value of dollar-denominated donations by the faithful. Annual accounts published this week show the Holy See fell into the red last year, recording a loss of €9.1m (£7.25m). The US currency has fallen sharply against the euro since the start of last year, hitting the Holy See in the pocket as its expenses are incurred in euros. Much of the Vatican's income comes from donations by Catholics around the world. The US was the largest single contributor to Peter's Pence - the collection used by the Pope for charitable donations - sending almost $19m (£9.5m). But the shortfall attributed mainly to the weak dollar was mitigated by a rise of €4m in property income. The Holy See is a major owner of property all over Rome and was criticised last year for raising rents and threatening to evict tenants. Earlier this year, the Vatican released a new list of mortal sins which included "accumulating excessive wealth"....... guardian.co.uk