Pope scuttles plan to set up investment fund for Vatican bank
Pope Francis has vetoed a plan to set up an investment fund for the Vatican bank, the Institute for Religious Works (IOR), reports Andrea Tornielli of La Stampa. The investment fund, which would have been based in Luxembourg, was proposed by Jean-Baptiste de Franssu, the IOR president, and approved by the bank’s board. But the council of cardinals that supervises the IOR questioned the idea, and sent it to the Pope for a final decision, Tornielli writes. Pope Francis has insisted that the IOR should not be managed like an ordinary investment bank.
Researcher questions Pew report on declining US Catholic population
A senior research associate for the Center of Applied Research in the Apostolate disputed the Pew Research Center’s recent report on a decline in the US Catholic population. Citing other statistics, Mark Gray asked, “How sure can we be that this shift actually occurred? After reviewing other available data sources, not very sure.” “A really big survey, such as the one Pew conducted, is helpful, but it is still only one poll,” he added. “In a sea of other studies that disagree, the safer bet is still to go with the aggregate. This implies no recent decline in the Catholic population.”
Pope Francis' Bosnian visit to steer clear of Medjugorje
Monsignor Ivo Tomasevic, communications officer for the papal trip, confirmed to CNA May 22 that the Pope is only going to Sarajevo on June 6, and not the southern town near the Croatian border where six people claim to have seen apparitions of the Virgin Mary. Msgr. Tomasevic could not confirm whether any visionaries would be at the papal Mass, but he said any delegation from Medjugorje would be treated like any other parish delegation.
‘Urgent’ need to promote universal basic health-care coverage, says Vatican prelate
In an address to the World Health Assembly in Geneva, the president of the Pontifical Council for the Pastoral Care of Health Care Workers said that “urgent action” is needed to address serious health-care deficiencies in impoverished nations. Stating that over half of the world’s rural population lacks access to basic health care, Archbishop Zygmunt Zimowski said that “in 2015 we are still a long way from universal coverage” and that the Holy See wished “to stress the role of public-private partnership in promoting universal coverage.”
A journey of pain and healing: one US Marine's prayer at Lourdes
After nearly losing his life in combat nine years ago, retired U.S. Marine Paul McQuigg journeyed to Lourdes with his wife and son this month to pray for healing and restoration from chronically painful injuries. “We would like to see a healing of Paul in general. We all came to support him…He lives in chronic pain, and since seeing that healing from Jesus himself I know that this holy place can restore him and take him home without that pain,” Holly McQuigg told CNA May 16.