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Divine Investments Ever since King Henry VIII demanded a divorce, much has divided the Church of England from its Roman Catholic cousin. But the two European churches have come together recently to count their blessings - in euros and cents. The Vatican announced last week that it was in the black for the first time in four years, netting a 2004 surplus of nearly €3.1 million. Meanwhile, assets managed by the Church of England's Church Commissioners have fattened to $7.6 billion as its investment portfolio - which helps pay for priest pensions - continues to outperform the market. In March this...

Author: /time Magazine | Title: Bizwatch | 7/17/2005 | See Source »

...VATICAN TIGHTENS NOCTURNAL EMISSIONS STANDARDS."  --Fake news headline from THE ONION

Author: /time Magazine | Title: Punchlines: Jul. 11, 2005 | 7/3/2005 | See Source »

Curran contends that none of these traditional teachings on sexual morality have been defined infallibly, and that theologians are thus free to dissent from them. But Rome reads canon law differently. Says one official at the Vatican: "It is valid to withhold assent [privately] in certain circumstances, but it is not valid to teach dissent." Curran protests that he is not alone, characterizing his views as "mainstream" and "accepted by the majority of Catholic theologians today." Nine former presidents of the Catholic Theological Society of America agree, and are circulating a pro-Curran petition...

Author: /time Magazine | Title: Religion: Curran on the Carpet | 6/21/2005 | See Source »

Curran is willing to bend somewhat; he has offered not to teach sexual-ethics classes if the Vatican will settle for issuing a statement detailing his errors, but allow him to continue as a theology teacher. Mindful of the potential donnybrook if Curran is dismissed, Joseph Cardinal Bernardin of Chicago, head of Catholic University's board of trustees, has lobbied with the Pope and Ratzinger to accept such a compromise, so far to no avail...

Author: /time Magazine | Title: Religion: Curran on the Carpet | 6/21/2005 | See Source »

...theology chairman at the University of Notre Dame, Father Richard McBrien, considers the Curran case "the biggest blunder the Vatican has committed with the American church" in two decades. But to a more conservative theologian in Rome "the question is, Why did the Vatican wait so long?" --By Richard N. Ostling. Reported by Erik Amfitheatrof/Rome and Jim Castelli/Washington

Author: /time Magazine | Title: Religion: Curran on the Carpet | 6/21/2005 | See Source »

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