2 if by sea! 5.5
Pandemic Deepens Catholic Church’s Financial Crunch, From Vatican to Parishes
ROME—The coronavirus pandemic has dealt a blow to the Catholic Church’s finances, threatening its extensive charitable activities and leading bishops and parish priests to slash expenses and seek funds elsewhere. The impact of the pandemic, which has pulled the global economy into a likely recession, has been felt at the highest levels of the church. The Vatican has temporarily lost its largest single source of income, the Vatican Museums, since their closure last month. The museums typically receive more than six million visitors each year, yielding revenue of some €40 million ($43 million). “The principal problem for the Catholic Church is that it is asset rich but liquidity poor,” said the Rev. Anthony Stoeppel, who teaches church finance at St. Patrick’s Seminary and University in Menlo Park, California. “The pope could in theory sell St. Peter’s Basilica but unless he does so he doesn’t have that money.” The Vatican also normally earns between €40 million and €50 million in rents on real estate properties, mostly in Rome, but those are also likely to diminish during a recession expected to last well beyond the reopening of the Italian economy, now slowly under way. The Vatican has said it would consider requests for reductions in rent payments from tenants suffering hardship.
The Rev. Augusto Zampini, a member of the pope’s task force on the coronavirus, told reporters on Thursday that the Vatican was tapping emergency financial reserves during the crisis and that some senior officials had offered to take pay cuts to ease the financial pressure. The economic downturn aggravates a dire situation for the Vatican. Pope Francis urged officials last year to address the Holy See’s gaping budget deficit. The bulk of the pope’s world-wide annual charity collection wasn’t going to the poor but being used to plug the deficit, The Wall Street Journal discovered. In response to the current shortfall, the Vatican has cut costs through various measures, including a freeze on hiring and promotions, a ban on most overtime work, the cancellation of conferences and the suspension of business travel, according to Vatican officials. Pay cuts or layoffs of the Vatican’s approximately 5,000 employees aren’t on the table, the officials said.
The Vatican regularly receives financial assistance from bishops in rich countries, particularly in the U.S., Germany and Italy, the three top sources of an annual gift from bishops that regularly yields more than €20 million. But church institutions and donors in those countries have also been hit by the current crisis. In Germany, the Catholic Church’s medical and social service operations make it one of the country’s largest employers, funded largely by a government-collected church tax that brought in more than €6.6 billion in 2018. The current economic crisis will reduce those payments by a large though still unknown amount, said Matthias Kopp, a spokesman for the German Bishops Conference, in part because church taxes aren’t paid on state-backed furlough payments. In Italy, the Catholic Church’s principal source of funding is a small percentage of income-tax payments that taxpayers can designate for charity. Almost 80% choose the Catholic Church, providing it with more than €1.1 billion last year. Almost €220 million of this money, most of it earlier slated for church construction and maintenance, is now being dedicated to pandemic-related relief, said Stefano Proietti, a spokesman for the Italian bishops conference. The suspension of Masses in Germany and Italy has in effect cut off weekly collections—a leading source of funding for parishes, which in both countries are responsible for many of their own expenses. Few are equipped to receive donations online.
https://www.wsj.com/articles/pandemic-deepens-catholic-churchs-financial-crunch-from-vatican-to-parishes-11587736691
Wizards & Warlocks
Mess with the best, die like the rest.
[2] highly classified clown ops exposed. (North Korea & Iran?)
[44] remaining.
Wizards & Warlocks.
Save the best for last.
[P] (Palestine?) is this why Israel is last?
Q
Looking at this drop contextually, it appears Q is talking about countries rather than Operations..
There are 13 mentions of Wizards and Warlocks with different context in each.
Comfort released it's last patient today and is also headed back to VA.. perhaps they met up at the same time.
Kek, just re reading what I wrote, the mind was saying new assignment..the fingers didn't type it, Kek.. Thought process is there is still much to be done. POTUS sending the ships to these ports quickly puts an end to something that could have lasted as long as the Russia investigation, with the ships there was no way for them to make moar of this than it was..ships were empty for the most part and places like the temporary remote hospitals couldn't fake it either. With the military at the ports ready willing and able there was no where to hide or any room for false narratives.
>How are they spelled?
Which they are you referring to?
If speaking of Palestine, properly it would be Kashmir. Thinking this is what you are referring to, correct?