The following posts have been retrieved for Month: December 2015
Pope Francis’ “unfathomable divine mystery”

Pope Francis’ “unfathomable divine mystery”

have always appreciated the long view and unhurried pace of the Catholic Church.
The time that the Inquisition condemned Galileo for teaching that the earth went around the sun, for instance, in 1633. Even in 1820, long after the Vatican had established their own Observatory, the Church’s chief censor tried to ban publication of a book because it treated heliocentrism as a physical fact. Not until 1992 did the Church officially pardon (sort of) Galileo, and only after a Commission studied the matter for thirteen years.

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Dept. of Magic Asterisks – Climate Edition

Dept. of Magic Asterisks – Climate Edition

The ‘magic asterisk’ was imagined into being in 1981, by then CBO Director David Stockman. In order to account for a $44B deficit in Reagan’s proposed budget, he offset the shortfall with a revenue followed by an asterisk and a footnote: ‘Future savings to be identified.’ It threw the hounds off, for a time. One is forced to conclude that investors and financial journalists did not read small print in those days.

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