So on March 14th 2013, the college of Cardinals elected a new pope for the Catholic church - 86 year old Cardinal Jorge Bergoglia from Buenos Aires, Argentina henceforth to be known as Pope Francis I. This choice, which came after 5 votes, established a few firsts for the Catholic Church:
1) First pope from South America
2) First pope from outside Europe - modern era
3) First Argentinian pope
4) First Pope from the Jesuit order
The Pope's choice of name - in this case, after Francis of Assisi, is often considered to be the reflection of whom the Pope will model himself on during his papacy. Pope John Paul II took his name from two separate previous Popes as his new identity. He speaks German, Spanish and Italian.
This election, along with the previous one, is among the shortest ever elections ever in Vatican history.
Also, a good read:
Smoke at the Vatican: How Do They Do It?
Viva Il Papa!!