Daily Archives: November 26, 2008

>Mater Dei students collect 5,672 pounds of food

>During this time of need for all food banks through out the area, the students of Mater Dei High School in Middletown collected 5672 pound of food to be donated to the Food Bank. Great job to all of the students and high school that participated in this effort.

This fall the Mater Dei community answered the challenge to fight hunger in Monmouth County by participating in the Food Bank of Monmouth & Ocean Counties’ annual Holiday Hunger Challenge.

The Student Activity Board’s goal was for Mater Dei students to donate 4,000 lbs. of food to the Food Bank in time for Thanksgiving.

Under the direction of Steve Sciarappa, Associate Principal, Mater Dei students and faculty have been collecting food donations for the last six weeks. On Sunday, November 23 approximately a dozen students gathered at the school and spent the morning boxing and labeling Mater Dei’s donation. In the early afternoon, a caravan from Mater Dei delivered the school’s Holiday Hunger Challenge donation to the Food Bank’s warehouse in Neptune.

After all the boxes were unloaded and weighed, Mater Dei’s donation totalled 5,672 lbs.

Many local high schools generously supported the Food Bank’s Holiday Hunger Challenge in an impressive display of what students can do to make a difference in their communities. Mater Dei’s support for the Holiday Hunger Challenge is really in a league of its own, according to the Food Bank’s website:

Biotechnology High School (250 students): 110 lbs.

Colts Neck High School (1,700 students): 684 lbs.

Freehold High School (1,425 students): 2, 737 lbs.

Jackson Liberty High School (1,425 students): 134 lbs.

Manalapan High School (2,100 students) 506 lbs

Marlboro High School (2,100 students): 485 lbs.

Mater Dei High School (400 students): 5,672 lbs.

Rumson Fair Haven High School (1,000 students): 651 lbs.

Shore Regional High School (749 students): 680 lbs.

Although Mater Dei’s enrollment is less than 5% of the total combined enrollment of these schools, its students collected almost twice as much food as they all did.

Mater Dei is extremely proud of the kindness, compassion, and generosity of our students and their families.

For more information please contact:

Ray Brush, Director of Advancement
Mater Dei High School
538 Church Street
New Monmouth, NJ 07748
Tel: 732.671.9100, extension 18
Email: rbrush@materdeihs.org

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Filed under donations, food banks, Holiday Hunger Challege, Mater Dei High School, Student Activities, Thanksgiving

Mater Dei students collect 5,672 pounds of food

During this time of need for all food banks through out the area, the students of Mater Dei High School in Middletown collected 5672 pound of food to be donated to the Food Bank. Great job to all of the students and high school that participated in this effort.

This fall the Mater Dei community answered the challenge to fight hunger in Monmouth County by participating in the Food Bank of Monmouth & Ocean Counties’ annual Holiday Hunger Challenge.

The Student Activity Board’s goal was for Mater Dei students to donate 4,000 lbs. of food to the Food Bank in time for Thanksgiving.

Under the direction of Steve Sciarappa, Associate Principal, Mater Dei students and faculty have been collecting food donations for the last six weeks. On Sunday, November 23 approximately a dozen students gathered at the school and spent the morning boxing and labeling Mater Dei’s donation. In the early afternoon, a caravan from Mater Dei delivered the school’s Holiday Hunger Challenge donation to the Food Bank’s warehouse in Neptune.

After all the boxes were unloaded and weighed, Mater Dei’s donation totalled 5,672 lbs.

Many local high schools generously supported the Food Bank’s Holiday Hunger Challenge in an impressive display of what students can do to make a difference in their communities. Mater Dei’s support for the Holiday Hunger Challenge is really in a league of its own, according to the Food Bank’s website:

Biotechnology High School (250 students): 110 lbs.

Colts Neck High School (1,700 students): 684 lbs.

Freehold High School (1,425 students): 2, 737 lbs.

Jackson Liberty High School (1,425 students): 134 lbs.

Manalapan High School (2,100 students) 506 lbs

Marlboro High School (2,100 students): 485 lbs.

Mater Dei High School (400 students): 5,672 lbs.

Rumson Fair Haven High School (1,000 students): 651 lbs.

Shore Regional High School (749 students): 680 lbs.

Although Mater Dei’s enrollment is less than 5% of the total combined enrollment of these schools, its students collected almost twice as much food as they all did.

Mater Dei is extremely proud of the kindness, compassion, and generosity of our students and their families.

For more information please contact:

Ray Brush, Director of Advancement
Mater Dei High School
538 Church Street
New Monmouth, NJ 07748
Tel: 732.671.9100, extension 18
Email: rbrush@materdeihs.org

Leave a comment

Filed under donations, food banks, Holiday Hunger Challege, Mater Dei High School, Student Activities, Thanksgiving

>Treasury may have to request funds from Congress

>The Hill, Leading the News-

Treasury Secretary Henry Paulson is close to running out of money and soon may have to ask Congress for access to the rest of the $700 billion package it approved for rescuing the economy.

Paulson has said that he intends to leave the second $350 billion of the package for President-elect Barack Obama’s administration, but the government’s moves in just the last two days leave Paulson with only about $20 billion in funds for the nearly two months remaining until Obama’s inauguration.

The continuing market volatility and tough credit markets could force Paulson to seek access to the funds, particularly as the government continues to unveil new programs to prop up the economy.
On Tuesday, Paulson did not rule out requesting access to the remaining funds.

“When the time is right, we’ll avail ourselves of the congressional process,” Paulson said during a press conference.

Treasury has the authority to spend $350 billion of the $700 billion Congress authorized in October under the Troubled Asset Relief Program, known as TARP. The government has committed about $330 billion so far, leaving it with about $20 billion before it would have to make its request to Congress.

Paulson must submit to Congress a plan on how Treasury would use the money in order to access the final $350 billion. Lawmakers could choose to restrict how Treasury can use the money.

Two new efforts that the government announced this week have pushed Paulson closer to having to make a request.

One day after putting together $20 billion in aid for Citigroup, Treasury announced it would provide $20 billion to the Federal Reserve for credit protection as part of the two new programs to prop up the home mortgage and consumer credit markets.

The Federal Reserve offered assurances Sunday on $306 billion in troubled assets for Citigroup as part of the effort to save the firm, which was seen as being on the verge of collapse.

The government has set up a new $200 billion program aimed at unfreezing lending in the consumer credit markets for student loans, car loans and other asset-backed securities. Paulson also suggested that the program could be expanded to additional types of assets, such as commercial mortgage-backed securities and non-agency residential mortgage-backed securities.

“That $200 billion is a starting point. This is — it’s going to take a while to get this program up and going. And — and then it can be expanded and increased over time,” Paulson said.

The Federal Reserve set up a program on Tuesday that could support up to $600 billion in debt issued by or backed by the hobbled government-sponsored enterprises, Fannie Mae and Freddie Mac. “Nothing is more important to getting through this housing correction than the availability of affordable mortgage finance,” Paulson said.

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Filed under bailout, Barack Obama, Citigroup, Congress, Financial crisis, Henry Paulson, leading the news, TARP, The Hill

Treasury may have to request funds from Congress

The Hill, Leading the News-

Treasury Secretary Henry Paulson is close to running out of money and soon may have to ask Congress for access to the rest of the $700 billion package it approved for rescuing the economy.

Paulson has said that he intends to leave the second $350 billion of the package for President-elect Barack Obama’s administration, but the government’s moves in just the last two days leave Paulson with only about $20 billion in funds for the nearly two months remaining until Obama’s inauguration.

The continuing market volatility and tough credit markets could force Paulson to seek access to the funds, particularly as the government continues to unveil new programs to prop up the economy.
On Tuesday, Paulson did not rule out requesting access to the remaining funds.

“When the time is right, we’ll avail ourselves of the congressional process,” Paulson said during a press conference.

Treasury has the authority to spend $350 billion of the $700 billion Congress authorized in October under the Troubled Asset Relief Program, known as TARP. The government has committed about $330 billion so far, leaving it with about $20 billion before it would have to make its request to Congress.

Paulson must submit to Congress a plan on how Treasury would use the money in order to access the final $350 billion. Lawmakers could choose to restrict how Treasury can use the money.

Two new efforts that the government announced this week have pushed Paulson closer to having to make a request.

One day after putting together $20 billion in aid for Citigroup, Treasury announced it would provide $20 billion to the Federal Reserve for credit protection as part of the two new programs to prop up the home mortgage and consumer credit markets.

The Federal Reserve offered assurances Sunday on $306 billion in troubled assets for Citigroup as part of the effort to save the firm, which was seen as being on the verge of collapse.

The government has set up a new $200 billion program aimed at unfreezing lending in the consumer credit markets for student loans, car loans and other asset-backed securities. Paulson also suggested that the program could be expanded to additional types of assets, such as commercial mortgage-backed securities and non-agency residential mortgage-backed securities.

“That $200 billion is a starting point. This is — it’s going to take a while to get this program up and going. And — and then it can be expanded and increased over time,” Paulson said.

The Federal Reserve set up a program on Tuesday that could support up to $600 billion in debt issued by or backed by the hobbled government-sponsored enterprises, Fannie Mae and Freddie Mac. “Nothing is more important to getting through this housing correction than the availability of affordable mortgage finance,” Paulson said.

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Filed under bailout, Barack Obama, Citigroup, Congress, Financial crisis, Henry Paulson, leading the news, TARP, The Hill

>Vatican can be sued for priest sex abuse: US court

>A US appeals court has ruled that the Vatican can be sued for the sex abuse committed by US priests.

The Vatican had tried to block a class action lawsuit alleging that it orchestrated a cover-up of sexual abuse by clergy with the argument that it was protected by laws granting sovereign states immunity from most US civil proceedings.

Central to the case is a 1962 Vatican mandate unearthed in 2003 which outlined a policy of “strictest” secrecy regarding allegations of sexual abuse by clergy and threatened those who spoke out with excommunication.

A federal appeals court ruled that the case brought by three Kentucky men can proceed because exceptions in the law allow the Vatican to be held liable for the actions of church employees acting within the scope of their employment in the United States.

Click HERE to finish reading this story

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Filed under AFP, civil proceedings, excommunication, priest sex abuse, The Vatican, United States, US courts

Vatican can be sued for priest sex abuse: US court

A US appeals court has ruled that the Vatican can be sued for the sex abuse committed by US priests.

The Vatican had tried to block a class action lawsuit alleging that it orchestrated a cover-up of sexual abuse by clergy with the argument that it was protected by laws granting sovereign states immunity from most US civil proceedings.

Central to the case is a 1962 Vatican mandate unearthed in 2003 which outlined a policy of “strictest” secrecy regarding allegations of sexual abuse by clergy and threatened those who spoke out with excommunication.

A federal appeals court ruled that the case brought by three Kentucky men can proceed because exceptions in the law allow the Vatican to be held liable for the actions of church employees acting within the scope of their employment in the United States.

Click HERE to finish reading this story

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Filed under AFP, civil proceedings, excommunication, priest sex abuse, The Vatican, United States, US courts