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The Vatican blames market decline for $20 million deficit

VATICAN CITY (RNS) The Vatican posted its highest loss in more than a decade last year, blaming mostly the "negative trend of global financial markets." But the Vatican City State, which is run by a different administration, reported a sizable profit, thanks to the record numbers of the Vatican Museums. By Alessandro Speciale.
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Vatican bank touts transparency amid scandals

VATICAN CITY (RNS) As European financial regulators meet in Strasbourg, France, the Vatican is bracing for a decision that could determine the success of its years-long drive to adopt international financial transparency standards. By Alessandro Speciale.
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German archbishop appointed new head of Vatican’s doctrine office

VATICAN CITY (RNS) Pope Benedict XVI has tapped a fellow German to lead the Vatican doctrinal office he headed for 24 years before being elected to the papacy. By Alessandro Speciale.
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Leontine T.C. Kelly, pioneering African-American woman bishop, dies at 92

(RNS)  Retired United Methodist Bishop Leontine T.C. Kelly, the first African-American woman elected to the episcopacy by a major religious denomination, died Thursday (June 28). The teacher, pastoral leader and activist was considered a pioneer for her ministry of more than two decades. She was 92. By B. Denise Hawkins.
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Christian Churches Together chooses new executive director

(RNS) Christian Churches Together in the USA, a 10-year-old ecumenical network, has chosen a Presbyterian as their new executive director. By Adelle M. Banks.
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Victims group urges Philadelphia archbishop to defrock convicted priest, Monsignor William Lynn

(RNS) An advocacy group for victims of sexual abuse by clergy has asked Philadelphia Archbishop Charles J. Chaput to defrock the priest convicted last week of shielding priests who preyed on children. By David Gibson.
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Traditionalist SSPX calls Vatican offer ‘clearly unacceptable’

VATICAN CITY (RNS) The Catholic traditionalist group SSPX said the Vatican's latest reconciliation offer is "clearly unacceptable,'' a move that comes as Pope Benedict XVI appointed a high-profile American prelate to oversee relations with traditionalists. By Alessandro Speciale.
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Dalai Lama taps American to bridge East and West at Tibetan monastery

NEW YORK (RNS) The Dalai Lama has given Nicholas Vreeland, director of The Tibet Center in New York, a daunting new assignment. On July 6, Vreeland will be enthroned as the new abbot of Rato Monastery in Southern India, one of the most important monasteries in Tibetan Buddhism. He will be the first Westerner to hold such a position. By Kim Lawton.
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Presbyterians to tackle gay marriage, divestment

(RNS) The Presbyterian Church (USA)'s biennial convention will revisit several thorny topics that have dominated church life for the past decade, including whether to allow same-sex blessings and whether to divest of companies that operate in Israel. By Gregg Brekke.
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Vatican blames lack of priests on secularism, abuse, parents

VATICAN CITY (RNS) The sexual abuse scandal has tarnished the image of the priest and contributed to a crisis of priestly vocations in the Roman Catholic Church, the Vatican said Monday (June 25), while also faulting a widespread “secularized mentality” and parents' ambition for their children. By Alessandro Speciale.
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