Rather the long-term effect is moral, in terms of damage done to the reputation of all clergy, guilty or innocent.

ECONOMIST: America's troubled Catholics

That is the coma that filmmaker Annalisa Piras and I diagnose as the Italian condition: economic stagnation, yes, but also a failure of consciousness and responsibility, which is in effect a moral failure.

CNN: , Special to

Britain's Financial Services Authority may have watered down its pay code after bankers whinged about losing talent, but it has been using moral suasion to good effect, calling bosses to express its displeasure at the re-emergence of guaranteed bonuses.

ECONOMIST: Wall Street's new shape