Latest line: A good week for Stanford, a bad week for the Catholic Church

Stanford University

The university’s endowment, which pays for most of its programs, grows to $37 billion, the third-largest in the nation behind Harvard’s and Yale’s, and up 8.6% a year on average over the past 10 years.

Catholic Church

The Archdiocese of Los Angeles agrees to pay $880 million to settle lawsuits from more than 1,300 people who say they were sexually abused by more than 300 priests in cases dating back decades.

Gavin Newsom

California...