The Nebraska native will be replacing a highly political — and deeply conservative — bishop, and could potentially usher in a new era of American Catholic leadership that spends less time fighting culture wars and more closely resembles the populist leadership of Pope Francis.
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Alibaba, the massive Chinese e-commerce company that is the functional equivalent of Amazon, EBay, Uber, PayPal and a bunch of other companies combined, made its debut on the New York Stock Exchange this morning. It was the largest initial public offering in U.S. history, raising over $21.8 billion.