Bishops approve sex abuse policy amid Vatican balance
U S Catholic bishops voted 246 to 7 with six abstentions to approve a Vatican demanded revision of a sex abuse policy. The measure preserves due process for accused priests while promising removal from public ministry after any minor abuse, with a confidential inquiry and tribunal for guilt or innocence. Survivors argue bishops retain too much discretion and accountability is still needed. Cardinal George and others called for balance between accuser and accused as Vatican approval looms.
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Vatican
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Chicago
Francis George
Theodore McCarrick
Greenspan hints at another rate cut amid soft patch
Fed Chair Alan Greenspan said the economy has hit a soft patch due to accounting scandals and fears of war with Iraq. He signaled readiness to cut rates again if needed, with the Fed already lowering overnight lending to 1.25 percent and banks trimming prime to 4.25 percent. He expects growth to rebound next year and to raise rates if inflation risks emerge.
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Joint Economic Committee
Government offers up to 5 million bounty to disrupt terror funding
The Bush administration and the Treasury and State departments announce a Rewards for Justice program reward of up to 5 million dollars for information that helps dismantle financing schemes for terrorist groups or leads to arrests or convictions of those who aided terrorism. The program has paid over 9.5 million to 23 people since 1984.
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