Economy
Fed to start tapering bond purchases this year: Bernanke
The Federal Reserve maintains its $85 billion-a-month asset purchase program, but says it could begin scaling back later this year.
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From Pius to Clement, Hilarius to Simplicius, papal names from down the centuries are inextricably linked to the brilliant or wretched legacies of the men who have ruled the Vatican. Cardinals gathered in a secret conclave to elect a new pope to head up ...
The famous smoke from a chimney to indicate whether cardinals locked away in the Sistine Chapel have elected a pope is not created just by burning used ballots, the Vatican said Tuesday. “We use smoke flares,” said Paolo Sagretti, who was in charge of ...
Pope Benedict XVI may enact a new law governing the upcoming conclave to elect a new pope amid continued uncertainty over when the voting can begin. The Vatican’s spokesman said Wednesday he didn’t know for sure if the law would address the timing of ...