Virtuously, any system would do. Madison saying if men were angels, there would be no need of government. The popes critique of the free market system has two tracks. One based on facts on the ground. The other at the level of theory. In both hes not only condemning excesses, hes condemning the system itself. As a theory, free market ideology opposes almost all government and intervention in the market. But pope francis and catholic social teaching do not share this horror of government. Government an expression of the common good. Government is called upon to enact justice. John paul ii said quote its not directed against the market but demands the market be appropriately controlled. ,ou can compare this with liberty is always freedom from the government. As benedict xvi markets out, it provides no room for gratuitous us in. Pope francis would add mercy. The mosaic law which provides for tithes to the poor. The biggest problem i think was selfinterest vs. The universal destination of
Economic system. He has repeatedly condemned the idolatry of the market and has said in a speech to its present harvey referred to in bolivia, when capital becomes an idol, you get pain, death, and a structured and the stench of the dung of the devil. Words, perhapsg a strong as carthage must be destroyed. His ideology is traditional, systemic, and anthropological. It is supremely traditional. But then it set the economy must be autonomous and shielded from hasuence of moral character led men to abuse the process and a thoroughly destructive way. Pope john the second set the state of inequality between individuals and nations not only still exists, it is increasing. It is obvious that a fundamental defect or rather a series of , indeed a defective machinery, is at the root of contemporary economics and materialistic civilization, which does not allow the human family to break free from such radically unjust situations. Onn paul to also said speaking of the poor and disadvantaged, it is
The pope greets the faithful in new york city. Francis set to address the United Nations General Assembly. The big event, the mass at Madison Square garden. He could be the first pope to pull off a 360tomahawk baptism. A tornado touched down in the area of charleston, South Carolina, ripped off siding and tore down trees. The chinese president in washington, d. C. Xi jinping will attend a state dinner at the white house. Just hope the president of china likes pope food. Four dozen dead dead after a horrific accident. A student held in north korea for the past five months has appeared on camera. I would like to tell my family im well. I hope to be home soon. Saudi prince accused of sexually assaulting one of his employees at his hollywood mansion. Now facing a felony charge. The tables are turned on an alleged bully who went after a visually impaired student at a Southern California high school. All that theyre going down to him and he snags it for the touchdown a giant victory, first o
Assembly and then he heads to the 9 11 memorial and museum. After break for lunch he will then ride up to harlem and he will visit our lady queen of Angels School in east harlem. And from there, it gzwill be central park. Hell have a special procession. The day is zlw going to culminate tomorrow evening with his mass at Madison Square garden and of course we will bring you live coverage of each of the events on the air right here on cbs2 and on cbsnewyork. Com. We havews blessed and so fortunate to have some of the best vkseats in f the house. Here we q sit across 7 lovely, the beautifully spectacularly refurbished st. Patricks cathedral. And on cue the church bells [ bell dinging ] 5 00. 5 00. In the evening and ,cuv e 5 01 to be exact. But after three years and 177 million, they have restored this place to absolute auh splendor. And beauty. It was completed in 1878. And Cardinal Dolan decided hgin three years ago in 2012 that e 1 this place needs get cleaned and to get cleaned up and
Presentation at exciting suck. Just reminding about the financial because im having a hard time following that. Yes. As fran mentioned, the way our lease is organized, were structured, special events of this nature have a minimum rent requirements based on the commissions approved perimeter rental rates that the yard occupies the soccer five can you start with the first [inaudible] and how this is going to consummate that . Producer. The yard today i forget the exact Square Footage per member the rent. About 17,000 per year. The rent for the jar extension today would be approximately 52,000. 03. Those are those of the rent combined that the port will receive at a minimum. As you may recall the yard deal, we presented you the first time also included at some called upside protection so the yard do as well as we hoped it would. That component meant that when the giant recruit the original investment in the site open about that point the board will activate a 25 net annual revenues. How m