In the Feb. 27 Catholic Telegraph
Catholic Schools Week celebrations postponed due to inclement weather are celebrated belatedly
Your complete guide to Lenten fish fries throughout the archdiocese
As we conclude Black History Month, a black Catholic nun discusses her role in the 1960s civil rights movement
The Catholic world
WASHINGTON (CNS) -- The losses incurred by Catholic institutions in the stock market since last autumn are roughly the same as the hits taken by other investors, according to a financier who estimates he gives investment advice to more U.S. dioceses than any other firm. Losses of about 25 percent in an investment portfolio "would certainly have been in the ballpark" for "Catholic foundations, endowments and pension plans, but also corporate and public en-dowment plans" across the country, said Steve Schott, a managing principal at CapTrust in Miami. Schott, in a Feb. 13 telephone interview with Catholic News Service from Miami, offered a guarded prognosis for church-based investors in 2009. He acknowledged that nobody had a crystal ball to see that the bottom would drop out of the financial markets at the end of 2008, and repeated a fam-iliar mantra that the outlook "may get worse before it gets better" this year. "We are biased to protect capital, and be defensive," said Schott, who is a Knight of St. Gregory and a trustee of the Pope John Paul II Cultural Center in Washington.
YONKERS, N.Y. (CNS) -- President Barack Obama called Archbishop Tim-othy M. Dolan Feb. 23 to congratulate the Milwaukee archbishop on his ap-pointment as head of the New York Archdiocese, according to news reports. The 59-year-old archbishop spoke about what he called the "extraordinarily gra-cious" call during a late afternoon visit to St. Joseph's Seminary in the Yonkers suburb of Dunwoodie, where he cele-brated evening vespers and had dinner with seminarians. Archbishop Dolan said that when he received the call he thought at first that his brother was playing a joke on him. He said he and the president briefly discussed the financial problems facing the United States, with Archbishop Dolan offering a tongue-in-cheek solution — that the church hold additional collections. Archbishop Dolan invited Obama to his April 15 installation in St. Patrick's Cathedral and said the president told him, "I assure you of my prayers."
VATICAN CITY (CNS) — Following weeks of controversy involving two of his decisions, Pope Benedict XVI has twice cautioned against destructive polemics inside the church. The pope, speaking in German at his noon blessing Feb. 22, asked for prayers to St. Peter so that "disturbances and storms do not shake the church" and that Catholics remain united in faith and love. Two days earlier, addressing students at Rome's diocesan seminary, the pope recalled St. Paul's admonition to Galatian Christians not to "go on biting and devouring one another" but instead to be guided by the Spirit. "St. Paul refers here to the polemics that emerge where faith degenerates into intellectualism and humility is replaced by the arrogance of being better than the other," the pope said. "We see clearly that today, too, there are similar sit-uations where, instead of joining in com-munion with Christ, in the body of Christ which is the church, each one wants to be superior to the other and with intellectual arrogance maintains that he is better," he said.
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Catholic tradition of almsgiving gets special emphasis during Lent

"I was told by my parents, my teachers and the priest at our church that it was even more important to give to the needy during Lent, because we were honoring the fact that Jesus sacrificed so much for us," said the 38-year-old mother of two young children. "That has stayed with me all of these years and I think it's an important virtue and a way of celebrating our Catholicism," she said. "I'm teaching these same values to my children." Promoting almsgiving in the current economic climate, however, creates a challenge, but the need for charitable giving couldn't be greater this Lenten season, said Father William A. Moorby, pastor of Blessed Trinity and St. Patrick's churches in Owego, N.Y.

