The latest e-business.
January 10, 2001 9:36 PM   Subscribe

The latest e-business. Surely this one can't fail. After all, look who they've got for a backer.
posted by Steven Den Beste (2 comments total)
"To help balance the Vatican's books"

I do not think Vatican was ever a money losing enterprize. This 1996 article notes: "[T]he Vatican relies greatly on contributions from its Dioceses, which since 1992 have increased from 10,398 million lire (approx. US$ 6,950,000) to 30,582 million lire (approx. US$ 20,300,000)."

An expert on the Roman Catholic Church was quoted in an article about the business ventures of the Russian Orthodox Church: "The Vatican's largest commercial project is securities investments, including bonds, which total nearly $500 million. Earlier, information concerning the Vatican's finances was carefully concealed. However, recently, this policy has been changed and twice a year the head of the budgetary department gives a press conference, where he details the [church's] state of affairs."

I think Detroit Free Press needs better copyeditors.
posted by tamim at 12:31 AM on January 11, 2001

One journalist thinking they're a weisenheimer can tilt a story any way they want to.

I looked all around that site, and I didn't see ONE indulgence for sale. I'm severely disappointed. I want to buy my way out of Hell using PayPal.
posted by solistrato at 7:12 AM on January 11, 2001

« Older This guy thinks the XBox will kill off PC gaming.   |   Is this really very likely to happen? Newer »

This thread has been archived and is closed to new comments