By Haley Ott | CBS News

White smoke has emerged from the chimney above the Sistine Chapel at the Vatican, signaling that a new pope has been chosen with a decisive vote by the cardinal electors gathered for the papal conclave. Soon, the crowd in St. Peter’s Square and people around the globe will hear the traditional proclamation, “Habemus papam” — Latin for “We have a pope” — and learn who has been chosen as the 267th pontiff to lead the world’s 1.4 billion Catholics.