India | UK | US

Popes says market crash shows money is worth 'nothing' - Summary

Vatican City - Pope Benedict XVI said Monday that the current global market crash should teach humans not to value their career and success above all else and that money is ultimately worth  nothing .  Those who build the house of their lives on sand...
Posted : Mon, 06 Oct 2008 12:54:36 GMT
By : DPA
Category : Business
News Alerts by Email ( click here )
Business News | Home
Vatican City - Pope Benedict XVI said Monday that the current global market crash should teach humans not to value their career and success above all else and that money is ultimately worth "nothing". "Those who build the house of their lives on sand, are those who build on things that are visible and tangible, such as success, career and money," Benedict was quoted as saying by the ANSA news agency.

"We can now see with the collapse of the great banks, how this money disappears, and becomes nothing,"the pontiff added.

Benedict appeared to cite a chapter of the Gospel of Matthew, in which Jesus concludes his Sermon on the Mount by telling a parable about two builders: a wise one, whose house was founded on rock, and a foolish one, whose house was founded on sand.

The pontiff was speaking during the first session of the 12th Assembly General of the Synod of Bishops, a gathering of top Roman Catholics from around the world scheduled to last until October 26.

The Synod's Relator General, Cardinal Marc Ouellet, the Archbishop of Quebec, Canada, said Benedict's reference to the Gospel in his remarks on the world economy was "not casual" as it was linked to the synod's theme: The Word of God in the Life and Mission of the Church.

"The Holy Father's words strike a chord because they cite the Holy Scriptures, that form the foundation of our lives," Ouellet told reporters at the Vatican.

While money played a role in people's lives, it, and other material concerns, was of secondary importance compared to the essence of life represented by the Bible and the teachings of Jesus, Ouellet said.

Copyright DPA

Share/Save/Bookmark

Article : Popes says market crash shows money is worth 'nothing' - Summary
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Berlin and Madrid to work closely on Opel jobs issue
Berlin - The German and Spanish governments said Wednesday they plan to work closely to avert major job losses and factory closures at General Motors' European division Opel. German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodrig...

Metal prices from London Commodities Exchange 25 November 2009
London - Final prices in dollars per ton - cash and forward. Also given are the previous trading day's quotations.cash                     forward...

International stock market quotations 25 November 2009
Frankfurt - The following index quotations were noted on the world's major stock markets:New York Dow Jones 10,472.7910,433.71(+39.08) New York NASDAQ Comp.2,177.57 2,169.18(+ 8.39) TokyoNikkei 9,441.64 9,401.58(+40.06) Sydney All Ordinaries 4,740.99...

Frankfurt Stock Exchange quotations 25 November 2009
Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: ...

General Motors to cut about 9,000 jobs in Europe - Summary
Berlin - General Motors is to reduce its Opel workforce in Europe by about 9,000, the US car company's new chief executive for Europe, Nick Reilly, said Wednesday in Germany on a tour to meet political and labour leaders. The company aimed to cut man...

Thai shares climb 2.8 per cent on protest cancellation
Bangkok - Thai shares rose 2.86 per cent Wednesday as investors bid up prices following the announcement that potentially violent weekend protest rallies had been postponed, brokers said. The Stock Exchange of Thailand index ended at 695.58, up 19.3 ...

Turkey, media group fail to settle tax dispute
Istanbul - Talks between Turkish officials and Dogan Yayin, Turkey's largest media group, have failed to yield a settlement over a 4.8 billion lira (3.2 billion dollar) tax fine, the group announced Wednesday. There has been no settlement reached by...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.