7-8-09

7-8-09—Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a growing divide between rich and poor and urging the establishment of a “true world political authority” to oversee the economy and work for the “common good.” –NYT A6
--In “Caritas in Veritate,” Pope Benedict offered a sweeping indictment of the troubles that fueled the economic crisis, ranging from outsourced labor, to lax market regulation, to managers and financiers driven by profit and “darkened reason.”—WSJ A11
--Indiana’s privately welfare project has so many problems that the state could start taking steps to cancel its $1.6 billion contract with lead vendor IBM... WSJ A6