New Vatican document on economy given high marks in U.S.

WASHINGTON — A new Vatican document on the economy, which contains a strong emphasis on financial transactions and maneuvers, is getting a warm welcome among U.S. Catholics who observe the economic scene.

"I think they did OK," said Father Seamus Finn, an Oblate of Mary Immaculate who is chairman of the board of the Interfaith Center on Corporate Responsibility and head of his order's Justice, Peace and Integrity of Creation Office.

Economic solutions need broader vision, pope tells G-20 leaders

VATICAN CITY — World leaders attending the Group of 20 meeting in Hamburg, Germany, must reflect on the repercussions their decisions may have on the entire global community and not just their own countries, Pope Francis stated.

While it's reasonable that the G-20 is limited to a "small number of countries that represent 90 percent of the production of wealth and services worldwide," a multilateral approach in solving economic problems must be made "for the benefit of all," the pope wrote.

POPE'S MESSAGE | Poverty stems from unjust economic system, not big families

Pope Francis embraced Cardinal Luis Antonio Tagle of Manila, Philippines, as the pontiff celebrated Mass Jan. 18 at Rizal Park in Manila, Philippines. An estimated 6 million people attended the Mass.

VATICAN CITY -- Families who have lots of children do not cause poverty, Pope Francis said.

The main culprit is "an economic system that has removed the human person from its focus and has placed the god of money" as its priority instead, he said Jan. 21.

The pope dedicated his general audience talk to a review of some of the highlights from his visit to Sri Lanka and the Philippines Jan. 13-19.

Speaking to approximately 7,000 people gathered in the Paul VI audience hall, the pope recalled his second apostolic journey to Asia after visiting South Korea last August.

BEFORE THE CROSS | Rights of workers must be respected

Archbishop Robert J. Carlson

"The economy must serve people, not the other way around." This is a paraphrase of a statement by Blessed John Paul II in his first social encyclical, "Laborem Exercens": "In the first place, work is for man and not man for work" (No. 6.6).

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