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...suggested that Harvard become a city in itself, just like the Vatican in Rome [President Nathan] Pusey would have become king...

Author: NO WRITER ATTRIBUTED | Title: Vellucci Leads the Assault | 9/13/1982 | See Source »

...intriguing enough for a Robert Ludlum thriller. But an added element is making the scandal that has rocked the world of international finance one of the most compelling real-life mysteries of the century: the involvement of the Istituto per le Opere di Religione (I.O.R.), better known as the Vatican bank...

Author: /time Magazine | Title: Italy: The Great Vatican Bank Mystery | 9/13/1982 | See Source »

Founded in 1942 to invest and increase the funds given to the Holy See for religious works, the I.O.R. is much like any other international commercial bank. It accepts savings and checking accounts, transfers funds in and out of the Vatican and makes investments. There are, however, some interesting differences in the bank, which is tucked away in the medieval tower of Sixtus V. Depositors must be connected with the Vatican. The list of those eligible includes members of the Curia (the Pope has a personal account, No. 16/16), the 729 permanent residents of Vatican City, and a small group...

Author: /time Magazine | Title: Italy: The Great Vatican Bank Mystery | 9/13/1982 | See Source »

...Says the new archbishop: "The church is not a democracy, but the resources that the church has to carry on its mission are provided by the people, and they have a right to know how their money is being used." He is, in short, a model of the post-Vatican II bishop, open to debate but loyal to Vatican policy...

Author: /time Magazine | Title: Religion: For the Windy City, Fresh Air | 9/6/1982 | See Source »

...considerable tactical skills over the controversial Call to Action conference in 1976. He won the admiration of the liberal clergy by helping to organize the event. But when delegates attacked papal teachings regarding birth control, celibacy and women priests, Bernardin managed to preserve good relations with conservatives in the Vatican. He had warned them about the likelihood of dissent by the delegates, and steadfastly maintained his support of church policy...

Author: /time Magazine | Title: Religion: For the Windy City, Fresh Air | 9/6/1982 | See Source »

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