6.4 earthquake rattles Southern California

6.4 earthquake rattles Southern California


By Jay Croft, CNN



Updated 1759 GMT (0159 HKT) July 4, 2019





(CNN)An earthquake with an early measure of magnitude 6.4 hit Southern California, about 150 miles from Los Angeles, on Thursday morning, according to the US Geological Survey.
At least four large aftershocks have been recorded, measuring 4.7, 3.5, 3.8 and 4.2 magnitude, officials said.
The quake could be felt in Los Angeles, making buildings shake for at least several seconds.
This is a developing story. Return for updates....

CNN's Braden Goyette contributed to this report.


Source: https://edition.cnn.com/2019/07/04/us/southern-california-earthquake/index.html

Vatican calls for an authority to regulate financial markets to prevent ...

Vatican offices urge re-calibration of financial markets

May 17, 2018 CNA Daily News News Briefs 3 Print

Vatican City, May 17, 2018 / 12:20 pm (CNA/EWTN News).- Two Vatican offices called Thursday for the development of new forms of economy and finance with regulations directed to the common good and respect for human dignity.

“It is especially necessary to provide an ethical reflection on certain aspects of financial transactions which, when operating without the necessary anthropological and moral foundations, have not only produced manifest abuses and injustice, but also demonstrated a capacity to create systemic and worldwide economic crisis,” read Oeconomicae et pecuniariae quaestiones, (Economic and financial issues), a document of the Congregation for the Doctrine of the Faith and of the Dicastery for Promoting Integral Human Development presented May 17.

The document, signed Jan. 6, presents considerations for an ethical discernment of economics and finances, and argues that profit should not be an end in itself, but must be pursued with the goal of achieving greater solidarity and a more equitable distribution of wealth.

It presents fundamental considerations, such as the need for ethics for the economy to function correctly, and treats at length of specific ethical issues in financial and economic markets.

It was presented during a press conference by Archbishop Luis Ladaria, prefect of the Congregation for the Doctrine of the Faith, and Cardinal Peter Turkson, prefect of the Dicastery for Promoting Integral Human Development.

Sitting alongside the prefects were professors Leonardo Becchetti from Rome’s Tor Vergata University and Lorenzo Caprio, from the Catholic University of Milan.

Archbishop Ladaria said the aim of the document is to provide a correct anthropological vision for the current market, since “the common good has disappeared” from many areas of economics and finance.

Vatican Calls for Ethical Discernment in Face of Great Economic Inequality

(Daniel Ibanez/CNA)

Blogs | May. 17, 2018

Vatican Calls for Ethical Discernment in Face of Great Economic Inequality

‘Oeconomicae et pecuniariae quaestiones’ urges a recovery of what is ‘authentically human’ and dependence on the Lord to avoid a ‘slide towards social collapse.’

Edward Pentin


In a world of vast wealth inequalities, dishonest financial practices, and an emphasis profit over the authentic good, an ethical discernment is needed if the world is not to “slide towards social collapse with devastating consequences.”

These were the words of warning today from Archbishop Luis Ladaria, prefect of the Congregation for the Doctrine of the Faith, at the publication of Oeconomicae et pecuniariae quaestiones —Considerations for an Ethical Discernment Regarding Some Aspects of the Present Economic-Financial System, a document written by the Congregation and the Dicastery for Promoting Integral Human Development.

Archbishop Ladaria said in view of current ethical challenges in the financial world, the considerations aim to take an “honest look” at certain areas of finance, and to “offer an ethical discernment on certain aspects of those areas.”

The document, signed on the Feast of the Epiphany and running to just over 11,000 words, begins by noting that, although global economic wellbeing has grown at a “magnitude and speed” never seen before, it is important to note “inequalities” that have grown within and among different countries and, moreover, that the number of people who live in “extreme conditions of poverty continues to be enormous.”

It speaks of a time to “initiate the recovery of what is authentically human” in an age which has “shown itself to have a limited vision of the human person” who is generally understood to be a “consumer whose profit consists above all in the optimization of his or her monetary income.”

The document stresses that, on the contrary, the human person has a “relational nature” whose wellbeing is “reducible neither to a logic of consumption nor to the economic aspects of life.”