A New Pope Has Been Chosen [UPDATED]

Habemus Papam! At around 2:05 EST, white smoke billowed from the chimney of the Sistine Chapel, signaling that the College of Cardinals has decided on a new Pope. Sed qui? A new pope should emerge from St. Peter’s Basilica within 40 minutes.

Update [3:14 p.m.]: 76-year-old Jesuit Argentinian Cardinal Jorge Mario Bergoglio has been chosen to lead the Catholic Church. Bergoglio, the first Latin American Pope, will take the name Francis I.