Barack Obama's Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy. Citigroup is the too-big-to-fail bank that was allowed to form only when... Read More
Forget, for the moment, that he is the pope, and that Holy Father Francis' apostolic exhortation last week was addressed "to the bishops, clergy, consecrated persons and the lay faithful." Even if, like me, you don't fall into one of those categories and also take issue with the Catholic Church's teachings on a number of... Read More
"I am not a crook," Jamie Dimon might as well have been insisting in his five telephone calls these past two weeks with U.S. Attorney General Eric Holder, asking that a criminal investigation of JPMorgan Chase be dropped as part of a plea deal on what has turned out to be a $13 billion fine... Read More
That Barack Obama is such a kidder. No matter how awkward the moment, he's got just the right quip to purchase some wiggle room. Remember when his old Chicago banking buddy Jamie Dimon, the CEO of JPMorgan Chase, first ran into that bit of trouble over his bank's "London Whale" derivative scam? That scheme has... Read More
Poor Lawrence Summers, he doesn't get to be chairman of the Federal Reserve, aka the czar of the world's economic order. It would have been the penultimate reward for a career advanced by a string of stunning failures, but this time around some key senators needed to confirm the president's likely choice had the gumption... Read More
Robert Scheer, editor in chief of Truthdig, has built a reputation for strong social and political writing over his 30 years as a journalist. His columns appear in newspapers across the country, and his in-depth interviews have made headlines. He conducted the famous Playboy magazine interview in which Jimmy Carter confessed to the lust in his heart and he went on to do many interviews for the Los Angeles Times with Richard Nixon, Ronald Reagan, Bill Clinton and many other prominent political and cultural figures.
Between 1964 and 1969 he was Vietnam correspondent, managing editor and editor in chief of Ramparts magazine. From 1976 to 1993 he served as a national correspondent for the Los Angeles Times, writing on diverse topics such as the Soviet Union, arms control, national politics and the military. In 1993 he launched a nationally syndicated column based at the Los Angeles Times, where he was named a contributing editor. That column ran weekly for the next 12 years and is now based at Truthdig.
Scheer was raised in the Bronx, where he attended public schools and graduated from City College of New York. He studied as a Maxwell Fellow at Syracuse University and was a fellow at the Center for Chinese Studies at the University of California at Berkeley, where he did graduate work in economics. Scheer is a contributing editor for The Nation as well as a Nation Fellow. He has also been a Poynter Fellow at Yale, and was a fellow in arms control at Stanford. He has published nine books.
Scheer received the 2010 Distinguished Work in New Media Award from the Society of Professional Journalists’ Greater Los Angeles Chapter, and in 2011 Ithaca College awarded him the Izzy Award for outstanding achievement in independent media.