New York's Catholic Church seeks $100 million loan to pay priest victims

[DonViejo]

Source: Reuters



01 MAR 2017 AT 15:35 ET

The Roman Catholic Archdiocese of New York is seeking permission for a $100 million mortgage on some of its valuable Manhattan property to fund its compensation program for people sexually abused by its priests, a spokesman said on Wednesday.

The archdiocese said last October it would compensate people who had accused priests of abusing them as children, including those prevented by statutes of limitations from filing civil lawsuits. It said at the time it would seek loans to fund the payouts, which are being decided by two independent arbitrators.

On Monday, the archdiocese filed a petition in New York state court in Manhattan seeking approval for a one-year mortgage from JPMorgan Chase on land it owns behind St. Patrick’s Cathedral; the Lotte New York Palace hotel is located on the site. The petition was necessary under a New York law governing the use of church property, Joseph Zwilling, an archdiocese spokesman, said in a telephone interview.

“Because we have begun the process of paying out the compensation to victims, the archdiocese has taken this short-term loan to cover the payments,” Zwilling said.

Read more: http://www.rawstory.com/2017/03/new-yorks-catholic-church-seeks-100-million-loan-to-pay-priest-victims/

[snooper2]

1. Here is the actual reuters reporting ripstory stole from

http://www.reuters.com/article/us-new-york-archdiocese-idUSKBN1685JW

[msongs]

2. always better to go to the source than use fake news sites nt

[ToxMarz]

6. Whether you like them or not, Rawstory is a news aggregator not a fake news site

"Fake news websites deliberately publish hoaxes, propaganda, and disinformation purporting to be real news.."

I'm not aware that they do this, correct me if I'm wrong. Calling everything one doesn't like or agree with fake is what the real fake news site want people to do to legitimize themselves.

https://en.wikipedia.org/wiki/Fake_news_website

[NurseJackie]

7. They're getting revenue (click or impressions) for someone else's work...

... and their pages load slowly.

[eggplant]

8. And nobody is arguing that they don't.

The issue was the veracity of the news, which as far as I can tell pretty much lined up with the original source.

[NurseJackie]

10. A website that profits from someone else's work has questionable ethics...

... in my opinion. Of course it's going to "line-up" with the original source when they COPY IT. Meanwhile the original writer and news organization is cheated out of any revenue they would have received if readers has visited the original site, instead of an "aggregate" site.

It's not whether they do or not, it's whether it's right or not. I don't believe it's right.

[eggplant]

12. And, again, nobody is disagreeing with you.

But this subthread was about the accuracy of the source, not their ethics.

[NurseJackie]

13. No, this subthread was about Rawstory stealing from Reuters. (See reply 1)

snooper2 (28,644 posts)
1. Here is the actual reuters reporting ripstory stole from
http://www.reuters.com/article/us-new-york-archdiocese-idUSKBN1685JW

[DonViejo]

17. I sent a request for information to RawStory requesting a response

to all of the allegations contained in this sub-thread, here is the response to my request

From: Roxanne Cooper

We are paid subscribers of Reuters and all the other sources you see on our site -- just like the NYT, WaPo, HuffPo, etc. pay for subscriptions to Reuters, AP, The Guardian, AFP and other wire services and print their stories.

[NurseJackie]

18. Well, at least they're honest. It's still a trashy click-bait site that masquerades as legitimate...

... and respectable journalism (in my opinion).

Their ad-filled and java-heavy pages bring my browser to a screeching halt. I loathe seeing links to their "clearing house" site.

[DonViejo]

20. Sorry to hear your computer can't handle RawStory's site.

[NurseJackie]

21. I'm more sorry that they lack web design and programming skills that aren't intrusive...

... but thanks for your concern, DonViejo. You're the best!

[snooper2]

19. So they have a user account, repost the article and get ad revenue for others work

Nice gig if you can get it LOL

[NurseJackie]

22. Some of the links I've seen recently re-direct to "news" sources that appear to be ...

... more along the lines of personal blogs or sites with all the quality standards of Weekly World News ("Bat Boy&quot .

Even if "legal", it's shady and deceptive. It makes legitimate stories (and sources) look cheap. And it gives EVEN WORSE and EVEN MORE QUESTIONABLE sources look slightly legit... and I definitely don't mean that as a compliment.

[Historic NY]

3. Meanwhile they have let what schools are still functioning...

crumble. No wonder they have shut down so many schools and churches....instead they chose to play cover up and shuffle the priests.

[TheDebbieDee]

4. RIDICULOUS! The Vatican has BILLIONS in cash/assets!

I'm sure that nothing was done in NY that the Vatican didn't turn a blind eye to...

[TexasBushwhacker]

9. I was thinking the same thing n/t

[HoneyBadger]

5. Time to use RICO to find out what sort of criminal conspiracy the Church is up to

[Crash2Parties]

11. Just a few notes about the RCC

- They are the most wealthy organization on the planet.
- They own the most real estate.
- Here in America their finances don't have to be reported to the IRS at all.
- They own 1 in 6 hospital beds here & control the care given based on religion not medicine.
- They have had Dioceses move money around & declare bankruptcy to avoid paying their victims.
- In 2002 they brought on Dr. Paul McHugh as their "science advisor", who had previously run John Money's clinic that taught child molesters how to avoid criminal prosecution.
- They have been endorsing candidates from the pulpit (and newspapers, and YouTube) since 2008, a violation of the Johnson Act. Specifically, what they've said is if you vote for X, your soul will burn in hell forever.

[yardwork]

15. I wish the Johnson Act were repealed. The right wing churches ignore it.

Liberal churches obey the law and end up sounding mealy mouthed, while the right wing churches blatantly engage in politics from the pulpit.

Level the playing field.

[Crash2Parties]

23. It was level, until the GOP blocked the IRS in 2007 from acting on it. They never let up since.

[HAB911]

14. Domestic Terrorists

[WhiteTara]

16. I would hope they don't loan them. It would be

a very risky investment.