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...abortion. "Formal cooperation in an abortion constitutes a grave offense. The Church attaches the canonical penalty of excommunication to this crime against human life," reads the statement, which widely cites past Vatican documents. "The Church does not thereby intend to restrict the scope of mercy. Rather, she makes clear the gravity of the crime committed, the irreparable harm done to the innocent who is put to death, as well as to the parents and the whole of society." (While the doctor and the girl's parents were excommunicated, the girl, being under age 18, was not subject to automatic excommunication...

Author: /time Magazine | Title: A Sequel to the Case of the Pregnant 9-Year Old | 7/18/2009 | See Source »

...more important principle at stake. "We have laws, we have a discipline, we have a doctrine of the faith," the official says. "This is not just theory. And you can't start backpedaling just because the real-life situation carries a certain human weight." Benedict makes it ever more clear that his strict approach to doctrine will remain a central pillar to his papacy, bad publicity be damned...

Author: /time Magazine | Title: A Sequel to the Case of the Pregnant 9-Year Old | 7/18/2009 | See Source »

...commonly known in Indonesia, also said that radicals had vowed that "there would be a revolution if SBY wins" and that "they wished to turn Indonesia into [a theocracy like] Iran." Although, the President did not explicitly link such intelligence with the July 17 terror attacks, the implication was clear: the men who wanted to hurt Indonesia also wanted to damage the moderate ex-general who is leading the world's most-populous Muslim-majority democracy. (See pictures of the October 2002 Bali bombings...

Author: /time Magazine | Title: How the Jakarta Bombers Slipped Through Security | 7/18/2009 | See Source »

...clear departure from the historical norm, the White House is not cheering the return of huge profits to Wall Street. On the contrary, the recent windfalls at Goldman Sachs and JPMorgan, and the promise of giant year-end paydays for banking executives and traders, has caused a bit of consternation in the West Wing, coming as it does so soon after the taxpayer bailouts saved the entire financial system from total collapse...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

Though both Goldman and JPMorgan have paid back their infusion of Treasury dollars, the recent crisis has made clear to investors that the firms are considered by U.S. policymakers to be "too big to fail." The crisis has also created a premium for those firms willing to take on more risk in trades. According to company data, Goldman - which converted to a commercial bank at the height of the crisis in order to gain easier access to cheaper government credit - has significantly reduced its leverage ratio, which measures how much money it borrows, from 27.9 at the beginning...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

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