Asides

The Risk of Reforming God’s Bank

By Mark Esposito, Weekend Guy

Logo_IOROvershadowed by Pope Francis’ announcement Thursday that the mob is now persona non grata in Roman Catholic Churches (“RCC”) throughout the world is the very real –and related –struggle behind the scenes at the Vatican Bank. Officially known as the Istituto per le Opere di Religione or Institute for the Works of Religion, the bank has been at the center of RCC-Mafia relations for years. The bank itself is ostensibly independent but situates itself squarely on sovereign territory owned and controlled by the Pope and its Board of Superintendence answers directly to the Curia and the Pope.

Founded in 1942 by papal decree, the bank has had a tumultuous history. Unlike other financial institutions, the assets of the bank are not loaned to borrowers who pay back with interest. Rather the bank functions more like a holding company for assets which are intended to be distributed for charitable functions of the RCC. In this role as repository for the billions of dollars in assets and cash, the bank has been subjected to considerable criticism both for its haphazard administration and the customer it attracts. Customers, who Italian prosecutors say, have ties to organized crime. Continue reading “The Risk of Reforming God’s Bank”

Whose Airspace Is It? When the media gets it wrong.

Submitted by Charlton Stanley, guest blogger
(Otteray Scribe)
ImageThis is my first post as a Guest Blogger. I am honored and humbled to be invited to post at one of the most respected legal opinion blogs on the ‘net. I will try to maintain the high standards already set by the heavy hitters already posting here. Thank you, Professor Turley, and all the other guest bloggers and regulars here. I have been posting here and on other blogs under the username Otteray Scribe. Otteray is the Cherokee name for the Blue Ridge Mountains where I live. When in the fourth grade, I learned about the scribes of old Europe. The idea of someone actually having a job writing things down for people who were illiterate fascinated me. My username combined two of my favorite words. Blue Ridge writer. That’s me.

Just a bit of background about me. I am a forensic psychologist with about 41 years of trying to get it right. I am passionate about my work, aviation, photography and my family. Other interests include law enforcement and corrections. In future stories, I plan to write about all those subjects. Hopefully, over the past four decades I learned a few things worth sharing.

For my first effort, I wanted to focus on how people who know little of aviation get a news story, and then mangle it into something that it is not. This is not new. There was a time not long ago when any kind of general aviation airplane crashed, it was described in the press as a, “Piper Cub.” Cubs are seldom seen these days, so that descriptor has evolved to a, “small Cessna.” Perhaps this story will set the record straight, and tamp down some of the ‘Hair-On-Fire’ hyperbole about flight restrictions over the oil spill in Arkansas. This environmental disaster is personal to me. At one time, I lived and worked only a few miles from Mayflower, and have flown in and out of the Conway airport many times.

Misinformation, hyperbole and conspiracy theories have been rampant about the flight restrictions around the oil spill at Mayflower, Arkansas. The problem started when local news media referred to Exxon-Mobil getting the FAA to establish a “no-fly” zone around the oil spill. To be clear, this is a completely different issue than what is happening on the ground. Links to some of those stories are at the end of this piece.

Continue reading “Whose Airspace Is It? When the media gets it wrong.”