The Catholic church becomes an impact investor
Some worry it might sully its charitable aims
“YOU cannot serve both God and money,” admonishes the Bible. But the church has always tried. In the Middle Ages monasteries were what would now be termed social enterprises. They would produce bread, books or other goods. A Franciscan monk is credited with codifying double-entry book-keeping.
This article appeared in the Finance & economics section of the print edition under the headline “Faith, hope and impact”
Finance & economics August 19th 2017
- The North American Free-Trade Agreement renegotiation begins
- The Trump administration is investigating Chinese trade practices
- China modernises its monetary policy
- The Catholic church becomes an impact investor
- Hedge funds try to promote sports betting as an asset class
- A firm that shares a name with its founder earns higher profits
- Why Africa’s development model puzzles economists
From the August 19th 2017 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer