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PageT4 P POST-GAZETTE,AUGUT 2, 013 " NEWS : BRIEFS (FROM ITALIAN NEWSPAPERS AND OTHERPUBLICATIONS) Compiled by orio z. Buttafuoco THE VATICAN'S BANK: I.O.R. (Institute for Religious Missions) This institution answers only to the Pope. It has a patrimony of 5 billion euro. Until now its manager has been Ettore Gotti Tedeschi (since September 2009). The I.O.R. was established by Pope Pious XII in 1942 to replace the administration created by Leo XIII in 1877. By its own statute, the I.O.R. is the keeper of the Vatican's real estate and its administration, owned or granted to the I.O.R. by individuals or judicial entities. It can also accept bequest from people of the Holy See and of the Vatican State as an administrative entity. The general administration of the I.O.R. is right inside the Holy See, although not officially part of Vatican City. All funds deposited at the I.O.R. do not belong to the Holy See. It has its own independent budget and its own administration (appointed by the Pope). The I.O.R.'s identity is complex, not easily understood by Magistrates, who recall the events that involved the Banco Ambrosia_no and its head who was found hanging in London in 1989, which prompted the Pope, John Paul II to amend the statute (of the Vatican's bank). The change made possible and necessary to appoint a "Control Bureau," con- sisting of five Cardinals who monitor the goings on of the "Supervising Council" made up of five lay people led by a general director who reports directly to the Pope. On Febru- ary 29, 2008 Pope Ratzinger changed the five Cardinals after appointing Cardinal Tarciso Bertone as State Secre- tary, replacing Cardinal Angelo Sodano, the monitoring com- mission that consists of the following Cardinals: Attilio Nicora, Jean-Louis Tauran (chief of the Pontifical Council promoting the inter-religious Dialogue), Telefore Placidius Toppo, and Odilo Pedro Scherer (Archbishop of San Paul, Brazil). People who have made deposits at the I.O.R. number 33,000, mostly Europeans (two thirds are Italians), then Polish, French, Spanish and Germans. Two thousand- seven hundred are only deposits belonging to African and South American congregations. People who intend to open an account must be a religious person (a nun or a priest), an Ambassador (Nunzio or Nuntio), a retired dependent of Vatican City, a diplomat accredited to the Holy See or members of the Pope's immediate "family" (mainly people who have received pontifical honors. About 15,000 accounts belong to Priests, over 1,600 Bishops and most of the Cardinals (about 210). No secret accounts or accounts with co-signers are accepted. The Pope has no personal account (he had one as a Cardinal). About 80% of the accounts belong to foundations, religious orders, Episcopal conferences, colleges and monasteries worldwide. The budget and the movement of funds are known only to the Pope, the College of Cardinals, the Prelate of the Institute, the Council of Monitoring and the Probation Office. * Hoops & Hockey (Continued from Page 16) per million dollars in salary. Of course, that's on top of the highest rates for U.S. income taxes and state of New York income taxes. Currently, the top New York State income tax rate is 8.82 percent or $88,200 per mil- lion dollars of salary for mar- ried people. For the U.S. income tax it is about 35 percent for these married players. Compare that to the Miami players who only fork over the U.S. income tax since Florida does not have a state income tax and Miami does not have a city in- come tax. In addition, there's no state taxes on gifts or in-heritances. Some- where, Ray Allen must be smiling. HAPPY BIRTHDAY -- To Rene Rancourt, Boston's most popular national an- them singer (performing at the vast majority of Bruins home games for over three decades). He'll blow out 74 candles on August 4. SAVETHE DATE On Sale Now.* THE NORTH END Where It All Began The Way It Was by Fred Langone SALE PRICE $19.95 Plus Shipping & Handling On Site at The Post-Gazette 5 Prince Street, North End, Boston, MA News Briefs (Continued from Page I) be talking anywhere up to 25-30 million within 5 years. Then, don't forget all the new illegals hiding in the shadows once again. This is a never-ending battle, not against truth and justice, but against common sense of sanity. Forget about drug mules and think 30 million more registered Democrats by 2020. More welfare, more EBT cards, more checks going out, more unemploy- ment and higher taxes. The real mules out there are working families, blue collar workers and middle-class homeowners. More Empty Rhetoric from Obama According to Sal Russo, who is the co-founder and chief strategist of the Tea Party Express, "The presi- dent's latest economic speech hit an unsurprising tone of class warfare and empty old rhetoric. We have heard it all before and neither the rhetoric nor the weakness of our economy has changed." Recently, President Obama said, "With this endless parade of distractions and political posturing and phony scandals. Washington's taken its eyes off the ball. And I am here to say this needs to stop. This needs to stop. This moment does not require short-term thinking and it does not require having the same old stale debates. Our focus must be on the basic economic issues that mat- ter most to you, the people we represent. That's what we have to spend our time on and our energy on and focus on." So far, so good, RIGHT? However, then listen to this, "With an endless parade of distractions, political postur- ing and phony scandals, Washington has taken its eye off the bail." Phony Scandals? As Michael Graham re- cently stated in his Boston Herald column, "Question: How many Americans have to be murdered in an al- Qaeda attack on a U.S. con- sulate before it stops being a phony' scandal? Answer: If Barack Obama is president, more than four." Then there is the N.S.A. domestic spy- ing and I.R.S. Gate. Thank God the president has so many lapdogs in the liberal media distorting the reality we face today as Americans. According to these folks, Republicans are simply obstructionists for not just rubber-stamping the Obama legacy. Democrats Can be Just as Dumb us GOP Too Latest scandal hitting up close and personal to an elected official is one Mayor Bob Filner who was the first Democrat elected Mayor of San Diego last November. He acted like a complete idiot in his actions with a female staffer who went public with this story. He now says he will go into intensive behav- ioral therapy rather than go away like most folks are now demanding. MSNBC has been leading the charge to get him to resign. Filner prior to being mayor was a 19 year member of the U.S. House. While, the liberals are focusing on him, there has been little call by liber- als to get Anthony Weiner to get out of the Mayor's Race in New York City. Both these guys are dogs and deserve to be exiled to a dog pound for good. Quote to Note In the end, it doesn't matter your race or where you live, we are all people, we all bleed." -- Irene Soares Fund or De-fund Obamacare? Bill O 'Reilly recently had U.S. Sen. Marco Rubio on his show to debate the strategy of defunding Obamacare to keep it from being imple- mented. However, O'Reilly disagreed and thought the best strategy would be to fund it, put it into action and watch it fail. Rubio disagreed but O'Reilly added that if the Republicans decided to defund the so-called Afford- able Health Care reform, the liberal media would just go on the attack saying the Republicans don't care about poor people. The Republi- cans instead, he thought, should put everything into place and watch the Demo- crats' reaction when the health care reform drops dead before it even reaches an emergency room. I say don't de-fund it put it into action and watch what happens next. Another phony scandal coming soon from the White House. Can't blame Repub- licans? Can't blame Bush? Just call Ghostbusters? * An Open Love Letter to East Boston (Continued from Page 12) still play football in the street?) Harold & June and the Dyer's who've been so generous to us; the Traverse's, Eddie and Irene, Dave and his Chiara's ga- rage team, Neff, Christine and Jessie, the Holt's down on Orleans with whom we've shared the most glorious parenting adventure, Joe the Mailman, Cesar from the city's recycling program, Senator Petruccelli who re- membered me as "Everett Street" after but a few visits on business -- these are the people in our neighborhood who've made it hard to imag- ine living anywhere else. Of course there are the awe- some parks and the food ... a good avocado on every cor- ner, Rincon Limeno's unpar- alleled ceviche pescado and empanadas Peruanas, spa- ghetti alici at Jeveli's, Betty Ann's Donuts (there is no other donut!), the black and golden cherries ripe for the picking at the Ruth Street Park (with the best views of New Year's fireworks in town) ... we'll miss having such bounty at our doorstep. But it's really about the people: Adira's friendship with Cesar (who made a special trip on his day off to give her a fare- For more information, call 617-227-8929. well souvenir from his home town in Mexico), a friendship which flourished from the simple but solid foundation of a wave every Wednesday afternoon for the first two years of Adira's life as Cesar pulled up in the big yellow truck, is a disarming re- minder that this is the real deal -- very likely the most important lesson about au- thentically being human. We will try to carry this spirit with us to our new neighborhood. We will attune our senses to the wonders our new neighborhood will have to offer in its own right. And we will stay in touch: both to keep up with our Eastie friends and to keep advocating that East Boston should one day know environmental justice. As we always have, we always will hold a torch for this one-of-a-kind urban village. And may it hold onto a piece of us in the April-blooming lilacs we planted in the 12-hour sun at the corner of Castle Court: a perennial bouquet we present with on-going affection and appreciation. Sincerely, The Flacks-Dunning Family (Will, JoHanna and Adira) North End Athletic Association ANNUAL GOLF TOURNAMENT IN MEMORY OF CARMEN "TILLY" DE MARTINO MONDAY, AUGUST 5, 2013 7:30 a.m. (shot gun start) ANDOVER COUNTRY CLUB Canterbury Street, Andover, MA More than 144 golfers participate in this sold-out tourna- ment annually. It is important that you save the date and plan on joining us on Monday, August 5 th. GOLF, LUNCH AND RAFFLE PRIZES ... The money raised from this tournament allows the North End Athletic Association to purchase uniforms and equipment for sporting events and add to the existing programs. The North End Athletic Association is a 52-year-old organization, which provides athletic, social, educational and civic activities within the community and the City of Boston. For further information, please contact Louie Cavagnaro at 617-523-7410