Interesting Global News
What is global news?
Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.
Post guidelines
Title format
Post title should mirror the news source title.
URL format
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Rules
1. English only
Title and associated content has to be in English.
2. No social media posts
Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
- [email protected] - International and local legal news.
- [email protected] - Technology, social media platforms, informational technologies and tech policy.
- [email protected] - Interesting articles, projects, and research that doesn't fit the definition of news.
- [email protected] - News and information from Europe.
Icon attribution | Banner attribution
view the rest of the comments
I wonder how that can be. The Catholic Church owns real estate in almost every city in Europe, usually several buildings in larger cities, often in prime locations. Especially since these properties are only a fraction of the church's financial assets, the rental income alone should be enough to finance the church for all eternity.
Organizations that own that amount of stuff borrow against it to buy even more stuff and as it all goes up in value they borrow more and buy more stuff. In an endless loop. And people call crypto a scam 🤔
Owning that much in assets typically means you also have a lot of debt. Particularly with generational, wealthy, corrupt organizations.
Point being, they can be on the brink of bankruptcy even when owning half of Europe if they can’t service the debt they wound up.
Well, they can always get back to selling indulgences again or take out (another) mortgage on their state in the middle of Rome when the going gets tough.