Vatican reports good profit on investments and real estate as Pope Leo XIV tackles financial crisis
In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See's operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said.
The Vatican has been running a 50 million to 60 million euro structural deficit for years and is facing a 1 billion euro pension fund shortfall, a critical scenario that represents one of the greatest challenges facing Leo at the start of his pontificate.
The Chicago-born math major, though, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities.
The Vatican has 4,234 real estate properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value. Some 70% generate no income because they house Vatican or other church offices; the remaining 11% are rented at reduced rents to Vatican employees.
In 2024, these properties only generated 35 million euros in profit, essentially equaling the profit of 2023.
Financial analysts have long identified such undervalued real estate as a source of potential revenue, but APSA has little money to invest in renovations necessary to justify higher, market rents. The report blamed the flat results on higher costs maintaining the properties, with 3.8 million euros spent in 2024 on maintenance alone.
Will Pope Leo forge greater LGBTQ+ inclusion? Chicago-area Catholics pray for 'reconciliation rather than division.'
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Yahoo
37 minutes ago
- Yahoo
The Survival Starter Plan by My Patriot Supply: Emergency Food, Clean Water, Off-Grid Power, and Heat Solutions for 2025 Crisis Readiness
Build real-world resilience with a simple, category-based system that covers emergency food, portable water filtration, solar power, and off-grid heating—designed for modern families facing blackouts, disasters, or disruptions in 2025. Chicago, Aug. 02, 2025 (GLOBE NEWSWIRE) -- In a world where natural disasters, cyberattacks, and energy shortages are becoming the norm, having a plan isn't optional—it's essential. My Patriot Supply's Survival Starter Plan simplifies emergency preparedness by focusing on the four most critical areas: food, water, power, and heat. Whether you're stocking your first 72-hour kit or building long-term self-reliance, this streamlined system offers practical solutions for every level of readiness. It's not just about gear—it's about peace of mind, control, and the confidence to face what's next with a plan that works. From coast-to-coast grid failures to unpredictable supply chain breakdowns, 2025 has reminded Americans just how fragile modern systems really are. Families across the country are rethinking their preparedness strategies—not out of panic, but out of necessity. As headlines turn more urgent and recovery times grow longer, interest in self-reliance has surged. The Survival Starter Plan by My Patriot Supply speaks directly to this moment. It's a simplified, category-based approach to readiness that strips out the fluff and replaces guesswork with gear—offering practical tools for food, clean water, off-grid power, and heating when traditional systems falter. For those seeking real-world peace of mind without the overwhelm, and see how My Patriot Supply is helping everyday families prepare with clarity, simplicity, and purpose. Why Interest in Emergency Readiness Is Surging in 2025 The concept of 'preparedness' has undergone a radical transformation in 2025. No longer limited to fringe communities or wilderness survivalists, emergency readiness has entered the mainstream—driven by climate instability, rolling blackouts, cyber threats, and a collective sense that help may not come fast enough when disaster strikes. Families who never considered storing food or generating backup power are now comparing options on TikTok, following YouTube creators who review solar generators, and asking Reddit for water filtration tips that work when the pipes freeze or fail. Searches for 'how to prepare for grid failure' and 'best emergency food kits 2025' are trending across platforms. Viral content now shows apartment dwellers storing 4-week meal supplies under their beds, or walking through power-outage rehearsals with their kids—not out of paranoia, but practicality. Entire communities are having the conversation once reserved for niche forums: What happens if the lights go out, the tap runs dry, or the store shelves stay empty? This shift isn't driven by fear. It's a growing recognition that resilience is a form of responsibility. People are learning to reduce their dependence on brittle systems—through water filtration, stored calories, solar panels, and safe heat sources. And as this cultural moment unfolds, the demand for clear, beginner-friendly kits like the Survival Starter Plan is rising fast. Americans aren't waiting for someone else to show up anymore—they're preparing to handle the first 72 hours on their own. The Survival Starter Plan as a Response to This Shift As the conversation around emergency readiness grows louder, many consumers are discovering that too much of the industry is built around complexity, fear, or overhyped gear. My Patriot Supply created the Survival Starter Plan to do the opposite: simplify the starting point and focus only on what truly matters when systems fail. Instead of bundling dozens of niche tools or using alarmist marketing, the plan distills preparedness into four non-negotiable categories: food, water, power, and heat. Each element is designed to scale. The food supply ranges from a 72-hour entry pack to a 1-year storage system, with over 2,000 calories per day and shelf lives of up to 25 years. Water filtration options include personal straws, pitchers, and high-capacity gravity-fed systems. Solar-based power banks and generators offer backup electricity without the noise or fuel of gas-powered units. Heating and cooking gear is compatible with biomass or canned fuel sources and built for both speed and efficiency. This isn't a gimmick—it's a foundation. The Survival Starter Plan doesn't assume every customer is a hardcore prepper. It assumes they care about their family, want clarity in a noisy world, and are ready to take the first step toward resilience. 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What Online Users Are Saying About This Category Across TikTok, YouTube, Reddit, and preparedness podcasts, one thing is clear: emergency readiness is no longer a niche conversation. Millions of people are sharing how they're preparing for grid failures, long-term food shortages, and extreme weather—often for the first time. From video walkthroughs of water filtration setups to honest reviews of solar power banks and emergency meals, this content reflects a major cultural shift toward personal resilience. Instead of pushing fear, these creators emphasize practicality. Some show how they store month-long food supplies in small apartments. Others break down the pros and cons of different filtration systems or demonstrate how biomass stoves perform during winter power outages. Reddit threads ask smart, skeptical questions: 'What's the best cost-per-calorie food?' or 'How long can this power a fridge?' Viewers respond because these questions feel real—and the answers matter. 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With hundreds of thousands of customers served and more than 15,000 five-star reviews, My Patriot Supply has become a trusted resource for those who believe that preparation is a mindset—not a reaction. Their products are used by everyone from first-time preppers to seasoned homesteaders, proving that readiness is no longer a fringe concern—it's a national conversation. No panic. Just practical peace of mind—learn how the Survival Starter Plan can help you prepare confidently with My Patriot Supply. Contact My Patriot Supply Phone: 1- (866) 229-0927 Email: response@ Website: Disclaimer This press release is for informational purposes only. The content herein does not constitute financial, legal, or medical advice. The Survival Starter Plan by My Patriot Supply is not intended to diagnose, treat, predict, or guarantee any result or outcome. Individual experiences may vary, and outcomes are not assured. Some links in this release may be promotional in nature and may lead to third-party websites. The publisher or author may receive compensation through affiliate commissions if a purchase is made through these links. This compensation does not affect the price you pay and helps support continued research and content publication. All statements made about product features, platform strategies, or preparedness tools reflect publicly available information, user discussions, or historical trends, and are not endorsed or validated by regulatory bodies. Please perform your own research before making purchasing, technological, or lifestyle decisions. CONTACT: Email: response@ Phone: 1- (866) 229-0927
Yahoo
2 hours ago
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Rival anti-migrant and anti-racism protests face off outside a hotel housing migrants in London
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