Pope temporarily expels German 'luxury bishop' after construction of $42M residence complex (VIDEO)
Pope Francis temporarily expelled a German bishop from his diocese on Wednesday because of a scandal over a $42 million project to build a new residence complex, which reportedly cost at least six times more than planned.
READ MORE: http://www.foxnews.com/world/2013/10/23/pope-temporarily-expels-german-luxury-bishop-from-diocese-after-31m-euro/
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US Catholic Church a $170 billion business
The church does not release financial data, but a lengthy report by The Economist last year said annual spending by the Vatican and church-owned entities in the U.S. alone was about $170 billion in 2010.
The Economist notes, "$1.3 billion of that in California." And while that might seem a small sum for an organization that can dole out $170 billion, most of those settlements were made by local religious orders and dioceses, which have had to scramble to find those funds.
MORE: http://money.msn.com/now/post.aspx?post=1a685537-b674-462d-9189-21772d2f4be4
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