If the decline in the Portuguese money supply for September is annualized, it will shrink by more than 20 percent, presaging more economic difficulties for a country already reeling from austerity measures imposed by the European Union. Measures of money supply are watched carefully by economists as a portent for economic behavior over the coming six to 12 months.

Following the Eurozone summit meeting in Brussels, European Council President Herman Van Rompuy announced the results of the late-night negotiations: "From a series of national debt crises, the situation was evolving into a systemic concern, threatening the stability of the Eurozone as a whole. This threat has been contained."

A housing manager in Britain has been demoted for speaking out against homosexual marriage. So now, aside from not being able to speak about the danger of Islam, Britons may not mention any problems with the Love That Dare Not Speak Its Name.

According to London’s Daily Mail, the Trafford Housing Trust (logo at left) socked manager Adrian Smith, a Christian, with a demotion and $22,000 pay cut for crossing what it says is the line between free speech and homophobia.

According to the United Nations, the earth’s population will reach seven billion by October 31. For the world body, however, that is not something to celebrate. In fact, the UN Population Fund is focused on ways to decrease the world’s population, and has selected October 31, “7 Billion Day,” as a day to raise awareness about “sustainable development.”

A “global political authority” and a “central world bank”: These are the solutions that the Pontifical Council for Justice and Peace recommends for the worldwide financial crisis. “Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority,” the document outlining the council’s recommendations, is, in the words of author and Roman Catholic Thomas E. Woods, Jr., “deeply confused,” at once recognizing that central bank-driven inflation and easy credit are at the root of the world’s financial woes and prescribing even bigger government and more highly centralized banking as the cure.

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