Investment: Low Profile for the Vatican

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One problem in carrying out the new "Pauline policy" is how to keep the Vatican's income high while rearranging its portfolio. Accordingly, financial men expect the church to invest more funds outside Italy than it has in the past. By adopting a low domestic profile as a capitalist, the Pope hopes in time to erase the "Vatican satellite" image from Italian companies.

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MIGUEL COTTO, a Puerto Rican boxer, after losing to Filipino Manny Pacquiao, who, in 12 rounds, became a five-weight boxing champion this weekend
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MIGUEL COTTO, a Puerto Rican boxer, after losing to Filipino Manny Pacquiao, who, in 12 rounds, became a five-weight boxing champion this weekend

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