Word: roach
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Dates: during 1980-1989
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...will not be made public for a month. But a summary just released of the Federal Reserve's October session reveals that the committee agreed on a "slightly lesser degree of restraint." Wall Street experts doubt, however, that the Fed will push down interest rates substantially. Says Stephen Roach, senior economist at the Morgan Stanley investment firm: "My feeling is that the Fed will maintain a wait-and-see attitude through the rest of the year...
...that the Pope considers the U.S. church worse off than the others. But he does see it as a very important link with the rest of the world. Whatever happens in the U.S., it's just a matter of time before it happens elsewhere." Archbishop John Roach of St. Paul summed up the situation in a baseball analogy: "If a .150 hitter goes into a slump, it doesn't make much difference to the team. But if a .350 hitter goes into a slump, the manager really gets worried...
...Pope means business on all of these issues, says Bishop James Malone of Youngstown, Ohio, who last week was elected president of the National Conference of Catholic Bishops, succeeding Archbishop Roach. "He doesn't content himself with platitudes; he acts, and we're obliged to respond." But many U.S. Catholics have less enthusiasm for response. "I don't think the church can go back. It amazes me that they think they can do this," says Agnes Mansour, the Michigan state social services director who chose to resign as a nun earlier this year because she refused...
...largest archdioceses in the U.S.: New York and Boston, where he must name successors to the late Terence Cardinal Cooke and Humberto Cardinal Medeiros, and Los Angeles and Philadelphia, whose Cardinal Archbishops are within two years of reaching 75, the age at which they must resign. Archbishop Roach last week warned his colleagues that they must do better in conveying "the experience and insights of the church in the U.S. to the Holy Father and those who collaborate with him in Rome...
...despite what Roach described as an era of "occasional misunderstandings, misperceptions and tensions," many theologians detect a new vitality and dynamism in the U.S. church, typified by the bishops' pastoral letter this year condemning the nuclear arms race. Asserts Father Carl Peter of Catholic University, a member of the Vatican's International Theological Commission: "The church in this country is healthy and reaching a new stage of maturity." He adds: "While remaining authentically Roman Catholic, we are becoming more and more distinctly American...