News
VATICAN CALLS FOR ECONOMIC REFORM
The Vatican on Monday called for an overhaul of the world's financial systems and once again proposed the establishment of a supranational authority to oversee the global economy, saying it was needed to bring more democratic and ethical principles to a marketplace run amok.
The proposal by the Pontifical Council for Justice and Peace calls for a new world economic order based on ethics and the "achievement of a universal common good."
The document grows out of the Roman Catholic Church's concerns about economic instability and widening inequality of income and wealth around the world. In 2009, Pope Benedict XVI denounced a profit-at-all-cost mentality as responsible for the global financial meltdown.
Switzerland
U.S., North Korea open nuclear talks
The United States and North Korea began two days of talks in Geneva on Monday that U.S. officials have said will test the ground for a possible resumption of wider discussions on North Korea's nuclear program.
In a statement, President Barack Obama's special envoy for North Korea policy, Stephen Bosworth, said: "I think we are moving in a positive direction. We have narrowed some differences, but we still have differences that we have to resolve."
Elsewhere
LAS VEGAS: President Barack Obama opened a western fundraising trip on Monday that will include at least six events — in Nevada, California and Colorado. Last month he appeared at seven events in a similar swing.
New York: Manssor Arbabsiar, the Iranian-American charged in a plot to kill the Saudi ambassador to the United States, pleaded not guilty Monday before a federal judge.
Beckley, W.Va.: The former chief of security of a West Virginia coal mine where 29 workers died in an explosion last year went on trial Monday, with prosecutors alleging he had tried to conceal safety violations at the mine from federal agents.
Times wires
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