Transcript

CLAUDIO SANCHEZ, BYLINE: This is Claudio Sanchez in Washington, D.C. By mid-afternoon, some parts of west and northern Virginia had gotten a foot of snow. Washington, D.C. was expecting at least half that, so area airports cancelled more than a thousand flights. Schools closed. So did federal and local government offices. Things look bad.

CHRIS VACCARO: This is certainly a significant storm and a dangerous storm.

SANCHEZ: That's Chris Vaccaro with the National Weather Service.

The next pope will be the spiritual leader of the world's Catholics. He will also be leading a multibillion-dollar financial empire. And from a business perspective, the Catholic Church is struggling.

We talked to several people who study the business of the church. Here are a few of the issues they pointed out.

1. Globally, the church's employees are in the wrong place.

More than three decades ago, Soviet soldier Bakhretdin Khakimov went missing in Afghanistan after he was wounded in battle with Afghan mujahedeen forces.

His whereabouts remained unknown until two weeks ago, when he was tracked down by a team from the Warriors-Internationalists Affairs Committee, a Moscow-based nonprofit that looks for Soviet MIAs in Afghanistan.

There was "modest to moderate" economic growth across the nation as the year began, the Federal Reserve says in its latest "beige book" review of conditions around the nation.

According to the central bank, five of its 12 districts "reported that economic growth was moderate in January and early February." Those five: Dallas, New York, Minneapolis, Richmond and St. Louis.

The death of Venezuelan President Hugo Chavez is an especially tough blow for Cuba, whose feeble state-run economy has been propped up for more than a decade with Venezuelan oil shipments and other subsidies.

The Castro government has declared three days of mourning, calling Chavez "a son" of Cuba, but privately Cubans are quietly fretting about the potential loss of billions in trade and the threat of a new economic crisis.

An elderly woman at a California retirement home died in February after a staff person refused to perform CPR, despite the pleas of a 911 dispatcher. The nurse says she was following company policy. This incident raised many questions about the role of dispatchers in medical emergencies.

Every year, the South By Southwest music, film and interactive festival gets larger, and navigating the blur of panels, parties and shows gets more daunting. The girth of it all is enough to keep many SXSW old-timers away from Austin this year.