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Despite its pious title, the Institute for Religious Works in Rome is much less interested in theology than in economics. It is the Vatican's bank for investing the resources of Roman Catholic religious orders and charities from many parts of the world. Set up by Pope Pius XII 27 years ago, the institute manages a sizable portion of the Holy See's vast securities portfolio. Its guiding principle is the maxim that 1,000 lire sown today can reap 10,000 for charity tomorrow...

Author: /time Magazine | Title: Investment: Counting Peter's Pence | 1/24/1969 | See Source »

...Minister for Religious Affairs, Zorach Warhaftig, replied that "the Pope's voice was silent when Jewish worshipers were attacked at the tomb of the patriarchs in Hebron," referring to a grenade attack that injured 48 Israelis in October. Then, unable to stop there, he went on to castigate Pius XII for being silent "when millions of Jews were murdered" during World War II. Israel rejected the U.N. censure as hopelessly one-sided, since Arab nations are regularly protected from similar blame by Soviet veto. Israel's Ambassador to the United Nations, Yosef Tekoah, termed the censure proof...

Author: /time Magazine | Title: World: THE RISKS OF REPRISAL | 1/10/1969 | See Source »

...suggest that sportsmen had a head start on heaven. "By hunting, one avoids the sin of indolence," he reasoned. "And according to our faith, he who avoids the seven mortal sins will be saved; therefore, the good sportsmen will be saved." Popes Julius II, Leo X and Pius II-who wrote his own treatise on venery under his Christian name, Aeneas Silvius-all enthusiastically rode to hounds. And while papal edict forbade monks to hunt, the church gave its blessing to the chase by proclaiming Hubert, the 8th century Bishop of Liege who saw Christ's image...

Author: /time Magazine | Title: Painting: Tales from the White Knight | 12/13/1968 | See Source »

...historic structure or as a teaching church with more than its quota of revolutionary behavior was admirable. Unfortunately, you missed the whole point of what is taking place. This is not another Lutheran rage of 95 theses, nor is it merely another thrust against a latter-day Pius IX. It is not even an introduction to the halfway house of Callahan, Curran and Company. It is the death of the church. The young people with whom I communicate do not want a reformed church, a free church or an open church. They don't want any church, because they...

Author: /time Magazine | Title: Letters: Dec. 6, 1968 | 12/6/1968 | See Source »

...Vatican's Secretariat for Promoting Christian Unity in 1960 and labored unremittingly to advance ecumenism; of a bronchial infection; in Rome. Called to Rome from his native Germany in 1924, Bea became the Vatican's foremost Biblical scholar, served for 13 years as confessor to Pope Pius XII, was principal author of Pius' encyclical Divino Afflante Spiritu, which encouraged previously forbidden scientific study of the Bible. As head of the Secretariat, he traveled to England, Greece, Switzerland and the U.S. to promote ecumenical communication. He campaigned fervently to persuade Vatican Council conservatives to agree to a declaration...

Author: /time Magazine | Title: Milestones: Nov. 22, 1968 | 11/22/1968 | See Source »

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