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Goodbye, World Bank?
Now that the World Banks civil war over its former President, Paul Wolfowitz, is over, attention may turn to a more substantial matter: the institutions future in a world with decreasing need of its financial services. The World Banks own 2007 Global Development Finance (GDF) report, released in May, emphasizes the banks decreasing role: Net lending from the international financial institutions and other official sources in the Paris Club of creditors dropped starkly over the past two years, while private lending surged.China's stealthy globalization
Why aren't there any anti-Chinese globalization protesters? This question seems silly, because only Americans and Europeans are narrow-minded enough to believe that the world's non-white population cannot develop economically.The Church and globalization
The Church has the potential to tackle world poverty and to change the culture of globalization in ways that governments and international institutions do not.Population and Poverty
Amid the hoopla surrounding the resignation of World Bank president Paul Wolfowitz, few noticed another battle going on within the World Bank on the question of population. According to press reports Bank Managing Director and former Finance Minister for El Salvador, Juan Jose Daboub, came under fire for a memo he sent allegedly directing that reproductive health measures be removed from a World Bank package to Madagascar. He was accused of imposing his religious beliefs on long standing policies of the bank involving reproductive health and family planning.Government divides, families unite - Pope Leo XIII saw it coming
The title of Patricia Morgan’s new book, The War Between the State and the Family, says it all. The British government has engaged in “systematic discrimination against (married) couples in the tax and benefit system.” This persuasive book, published by the Institute of Economic Affairs in the UK, provides a cautionary tale about “deconstructing” the family into a mere collection of individuals. In so doing, Patricia Morgan provides an illustration of the principles of Catholic social teaching laid out in Leo’s 1891 letter, Rerum Novarum.Does the pope blast capitalism?
The human family needs to listen to what the pope has to say, unfiltered by the highly politicized and often deeply inaccurate reports of journalists looking for headlines.Mothers, Earth
For extreme environmentalists, it is clear, mothers are the enemy.Free economies and the common good
Does free enterprise accord with the idea of the common good as the socialists imagined it?Virginia Tech shooting reveals America's new 'at-risk' group
Educated, middle-class kids represent a new "at risk" group, as both perpetrators and victims of peer-related violence.Banking: Latin America's Achilles heel
Retaining colonial-era regulations that obstruct wealth creation in other economic sectors is a luxury Latin America can no longer afford.The Duke case in review: Justice prevails, virtue interprets
There was good cause for celebration when prosecutors dropped all charges against three former Duke University lacrosse players accused of sexually assaulting a stripper at a party. Amidst the celebration, however, we were also reminded of the fact that good looks, intelligence, athletic performance, and wealth do not produce moral virtue.Benedict's global agenda
This week marks the second anniversary of Benedict XVI's papacy. Given his age, Pope Benedict knows he has limited time to pursue his particular concerns. The irony is that each amounts to a grand project in itself.