(Economix - The Net)

The pope today released an encyclical calling for a new economic order. But when it comes to the church's own finances, it looks like good old-fashioned capitalism may still come in handy, as the BBC reported:

Vatican Radio -- the voice of the Roman Catholic Church -- is starting to air advertisements for the first time in the station's nearly 80-year history.

The first company to run its commercials will be an Italian gas and electricity company -- Enel.

Until now Vatican Radio has been wholly funded by the Catholic Church at a cost of some $30m (£17m) a year.

But the Holy See's latest finances show that it too is suffering from the global economic downturn. (...)

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