Word: gaines
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...truism, but fresh, given what critics called the papal triumphalism of his predecessor. Benedict also challenged a phenomenon in which John Paul often reveled--the explosion of priestly vocations in the developing world, which the new Pope said sometimes owes less to faith than to seminarians' quest for material gain and "social promotion" in their villages. If the global south is the church's future, he apparently plans...
...Economists predict that the Chinese government will gradually allow the yuan to appreciate?Deutsche Bank expects a 10% gain against the U.S. dollar over the next two years. And as the Chinese currency strengthens, the economic consequences become harder to foresee and control. Hot money could pour into China from speculators looking to profit from additional yuan gains, undoing Beijing's efforts to curtail excessive spending and lending in overheating sectors of the economy such as real estate. Also, if the yuan goes up by 10%, "you start to worry about China's competitiveness," says William Fung, managing director...
...Pakistan and Afghanistan for military training, according to a friend who spoke to the BBC. After Hussain got into some fights at his racially divided school, he went to Mecca on a pilgrimage with his father, who then sent him to study in Pakistan, hoping the teen would gain discipline. When Hussain returned to Leeds, he grew a beard and began dressing in traditional Muslim clothes. Tanweer visited Pakistan several times and last December went to an Islamic school near Lahore along with other young Muslims from Leeds, intending to stay nine months. He returned after three months to work...
...clear, though, that everyone else got there first; foreign investors, mostly from Hong Kong, Taiwan and Singapore, have driven up prices at an astonishing rate. In some luxury buildings, prices surged 45% in six months, fueled by low mortgage rates, expectations among foreign buyers that China's currency will gain against the U.S. dollar and widespread fear of missing out on this bonanza...
...balance sheet on the Holy See's some €200 million annual operating budget, which accounts for the Roman Curia, Vatican diplomatic missions and media outlets. With the sale of several palazzos in Italy and an overall appreciation in real estate value, the Vatican closed with a net gain of €24.9 million on real estate in 2004. But Church officials know that economic gains are at the mercy of the Lord. With the bill on Pope John Paul II's mammoth funeral pending, noted Sergio Cardinal Sebastiani, chairman of the Holy See's economic affairs department, the Vatican might...