It is testament to Pope Francis's skill that he has managed to reinvigorate the Church's standing despite continuing corruption and abuse controversies. Credit: David Tulis/UPI

It is testament to Pope Francis’s skill that he has managed to reinvigorate the Church’s standing despite continuing corruption and abuse controversies.
Credit: David Tulis/UPI

When the chief executive of Goldman Sachs, Lloyd Blankfein, told a newspaper the firm was “doing God’s work,” his appeal on behalf of higher powers was an attempt to rescue the tainted reputation not only of his own investment bank, but of the entire industry. But for the Catholic Church, even this most obvious of strategies might not be enough to stem an inexorable decline.

The Catholic church is one of the oldest and most profitable brands in history. Financial details are kept sketchy, but this vast multinational dwarfs any other. The Economist has estimated that, in 2010, spending by the U.S. branch of the church and its various entities (probably the wealthiest and least opaque of the […]

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