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North Korea has shown us its new missile, and it’s scarier than we thought
This Nov. 29 image provided by the North Korean government on Thursday shows North Korean leader Kim Jong Un and what it calls the Hwasong-15 intercontinental ballistic missile (Korean Central News Agency via AP)
TOKYO — A day after its latest intercontinental ballistic missile launch, North Korea released photos of what it’s calling the “Hwasong-15.” And the collective response from missile experts was — not to get too technical — whoa.
The missile and its launcher truck do, at first blush, appear to support North Korea’s claim that this missile is much more technologically advanced than previous iterations.
Although there is still much that can’t be gleaned from the photos and North Korea does have an inglorious record of exaggeration, analysts generally agree that the Hwasong-15 marks a significant leap forward in North Korea’s missile development.
“This is a really big missile, much larger than I expected,” said Scott LaFoy, an imagery analyst for the specialist website NK News. “I believe one of my professors would have referred to it as a big honking missile.”
That is one big, fat missile…. pic.twitter.com/Ah5yplFZAE
— Dr Marco Langbroek (@Marco_Langbroek) November 30, 2017
Several analysts noted that the missile looked like the American Titan II, which was initially an ICBM but was then later used by the U.S. Air Force and NASA as a space launch vehicle.
HS-14 had 4 verniers, 1 main nozzle.
HS-15 looks bigger diameter, no verniers, and, as @wslafoy observes, two nozzles.
Notice that blunt shroud/RV.
HS-15 reminds me of the Titan II. pic.twitter.com/aQxK7PSXMS— Martin “HEU Santa” Pfeiffer (@NuclearAnthro) November 29, 2017
They are totally trolling the US. The damn thing looks exactly like a Titan II. And given the total missile mass, you think adding even 1000kg more to the warhead is going to attenuate the range much? Sorry Mar-a-Lago… https://t.co/J0KJmGbYZ5
— Vipin Narang (@NarangVipin) November 30, 2017
So, to break down what the initial pictures show:
THE TRUCK
The transporter erecter launcher, or TEL, has nine axles, making it one axle longer than the TEL used to launch the previous iteration of the intercontinental ballistic missile. North Korea claims to have made these trucks itself but analysts believe they are modified versions or based on the Chinese lumber truck, the WS51200.
For some perspective, this is what it looks like next to Kim Jong Un. The tires are nearly as tall as he is.
Its a biggun pic.twitter.com/h14jGZCL5n
— Scott LaFoy (@wslafoy) November 29, 2017
“We’ve seen heavy vehicle extensions before but this would this would be a very large step forward for their heavy vehicles industry,” said LaFoy, estimating that the truck was about twice as long as an American school bus. “We know that this is pretty difficult. It took China a while to figure this out.”
THE NOSE CONE
The nose cone of the Hwasong-15 is much blunter than of the previous iteration, the Hwasong-14. This is likely an effort to slow down the missile slightly as it screams through the atmosphere, which lowers the heat inside the missile and means that the warhead doesn’t have to withstand quite as much variation in temperature during flight.
This might be an effort to overcome issues with the re-entry vehicle — the part of the missile that protects the warhead during launch and brings it back into the Earth’s atmosphere. This is one of the parts of the missile that North Korea has not yet proven it has mastered.
Amazingly HUGE Reentry vehicle of the new NK HS-15 ICBM pic.twitter.com/IGGJYW1oT8
— Tal Inbar (@inbarspace) November 29, 2017
The size of the nose cone and re-entry vehicle on the Hwasong-15 supports North Korea’s claim that the missile can carry a “super large heavy warhead.” But experts think the missile tested this week was carrying a light, mock warhead.
The Hwasong-14 and 15 missiles are likely to have carried only very small payloads, which exaggerate the range that a North Korean missile can fly, said Michael Elleman, senior fellow for missile defense at the International Institute for Strategic Studies. Basically, the heavier the warhead, the shorter the distance it can travel.
If the Hwasong-15 was fitted with a half-ton payload and flown on a standard trajectory, it could probably fly about 5,300 miles, Elleman wrote for 38 North, a website devoted to North Korea, meaning that a 600 kilogram (1,320 pound) payload “barely reaches Seattle.”
Still, with its publication of this huge re-entry vehicle, Kim’s regime is clearly signaling that this is their ultimate goal.
ENGINES
The first stage of the Hwasong-15 — the bottom part that propels it off the launcher, sometimes called the “booster” — has two engines. “We’re trying to figure out what those may be and how powerful they are,” said David Wright of the Union of Concerned Scientists.
Wait! The HS-15 ICBM has TWO (2) engines for it’s first stage! pic.twitter.com/Nu1quLo7XE
— Tal Inbar (@inbarspace) November 29, 2017
But the second stage looks like it can carry more than twice as much propellant as the Hwasong-14, since it is longer and has a larger diameter, Wright said. “The combination of those two things means it really is a new, more capable missile.”
The addition of two engines doubled the second stage thrust and allows the missile to reach a higher peak altitude, Elleman said. This missile reached a height of about 2,800 miles — or ten times as high as the International Space Station.
STEERING
The Hwasong-14 had only one nozzle and it used four vernier engines to steer the missile. But the newly unveiled Hwasong-15 has two nozzles and no verniers. That suggests the missile is steered by gimbaling, a more advanced way to control the missile.
“This is a sort of maneuvering which is pretty fancy. You lose the least thrust that way,” said LaFoy. “We knew they’d get there eventually but we didn’t think the North Koreans were there yet.”
I think that the first stage of the HS-15 has gimbaled engines. This means that the nozzles are able to rotate on two axes, as shown in this test of a space shuttle engine: https://t.co/5X4BCOiEWw
— Michael Duitsman (@DuitsyWasHere) November 30, 2017
NBC Receives at Least 2 New Complaints About Matt Lauer
Representatives for Mr. Lauer did not respond to multiple requests for comment.
News of Mr. Lauer’s sudden downfall shook the television world, where he had established himself as one of the most powerful men in his industry. Even President Trump — who himself has denied multiple allegations of sexual misconduct — weighed in, seizing on Mr. Lauer’s firing to denounce NBC News’s coverage and call for other senior figures at NBC News to be ousted.
Mr. Lauer, 59, joins an ignominious group of media figures felled by the recent spate of harassment claims, including the studio mogul Harvey Weinstein, the comedian Louis C.K., the CBS host Charlie Rose and the political journalist Mark Halperin. Journalists at several news outlets had recently conducted interviews with former and current NBC employees about Mr. Lauer’s behavior, alerting the network to potential articles about him. But it was the formal complaint on Monday that prompted NBC to take action.
In an editorial meeting on Wednesday, Mr. Lack said that Mr. Lauer’s involvement with the woman who made the complaint began while they were in Sochi, Russia, to cover the Winter Olympics in 2014, and that their involvement continued after they returned to New York, according to two people briefed on the meeting.
Other “Today” hosts learned of Mr. Lauer’s termination around 4 a.m. on Wednesday; staff members were told just minutes before the show went on the air at 7 a.m. Savannah Guthrie, Mr. Lauer’s co-anchor, was visibly shaken when she delivered the news to viewers, describing Mr. Lauer as “a dear, dear friend” and adding that she was “heartbroken for the brave colleague who came forward to tell her story.”
Soon after announcing the dismissal, Ms. Guthrie gripped the hand of Hoda Kotb, who was rushed in as an emergency substitute host. The network did not name a replacement for Mr. Lauer.
Ari Wilkenfeld, a civil rights lawyer with the firm Wilkenfeld, Herendeen Atkinson in Washington, said on Wednesday that he represented the woman who had made the initial complaint to NBC, but declined to identify her. In a statement provided to The Times, he praised the courage of his client and said:
“My client and I met with representatives from NBC’s human resources and legal departments at 6 p.m. on Monday for an interview that lasted several hours. Our impression at this point is that NBC acted quickly, as all companies should, when confronted with credible allegations of sexual misconduct in the workplace.”
The woman met with reporters from The Times on Monday, but said she was not ready to discuss it publicly.
Besides his “Today” perch, Mr. Lauer was a genial co-host of events like the Macy’s Thanksgiving Parade and the Winter and Summer Olympics, and he conducted countless interviews with celebrities. He also contributed to NBC News’s political coverage, although he was widely panned after a debate last year in which he appeared to go easy on Mr. Trump while asking aggressive questions of Hillary Clinton.
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The “Today” show caters to — and relies on — an overwhelmingly female audience, and Mr. Lauer is part of a cast that presents itself as a tight-knit family. Behind the scenes, however, the on-set environment could sometimes resemble a boys’ club, particularly in the years before Comcast completed its acquisition of NBCUniversal in 2013, according to interviews with more than half a dozen former staff members.
Jokes about women’s appearances were routine, the former employees said. One former producer recalled a director saying he “wanted some milk” in reference to one woman’s chest and making inappropriate comments about women over an audio feed with multiple people listening. Two former employees recalled colleagues playing a crude game in which they chose which female guests or staff members they would prefer to marry, kill or have sex with.
The former employees spoke anonymously because they feared their career prospects in the industry could be harmed.
Other current and former staff members, however, described a more professional work culture, and said they did not witness harassment. An NBC spokeswoman declined on Wednesday to comment on the “boys’ club” characterization, but pointed out that 13 of 19 senior-level female producers at “Today” had been promoted since 2015.
The woman who described the encounter in 2001 with Mr. Lauer in his office told The Times that the anchor had made inappropriate comments to her shortly after she started as a “Today” producer in the late 1990s.
While traveling with Mr. Lauer for a story, she said, he asked her inappropriate questions over dinner, like whether she had ever cheated on her husband. On the way to the airport, she said, Mr. Lauer sat uncomfortably close to her in the car; she recalled that when she moved away, he said, “You’re no fun.”
In 2001, the woman said, Mr. Lauer, who is married, asked her to his office to discuss a story during a workday. When she sat down, she said, he locked the door, which he could do by pressing a button while sitting at his desk. (People who worked at NBC said the button was a regular security measure installed for high-profile employees.)
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The woman said Mr. Lauer asked her to unbutton her blouse, which she did. She said the anchor then stepped out from behind his desk, pulled down her pants, bent her over a chair and had intercourse with her. At some point, she said, she passed out with her pants pulled halfway down. She woke up on the floor of his office, and Mr. Lauer had his assistant take her to a nurse.
The woman told The Times that Mr. Lauer never made an advance toward her again and never mentioned what occurred in his office. She said she did not report the episode to NBC at the time because she believed she should have done more to stop Mr. Lauer. She left the network about a year later.
On Wednesday, the episode in Mr. Lauer’s office was reported to NBC News after the woman told her then-supervisor, who still works at the network. The woman said an NBC human resources representative had since contacted her.
The woman, who was in her early 40s at the time, told her then-husband about the encounter, which The Times confirmed with him in a phone call. The couple was separated at the time, and later divorced. She also described it to a friend five years ago, which the friend confirmed to The Times.
NBC News has suffered other black eyes, as well. Last year, the network reviewed 2005 footage from the NBC-owned show “Access Hollywood” that revealed Mr. Trump bragging about grabbing women’s genitalia. But the footage was released first by a competitor, The Washington Post, embarrassing the NBC news division.
In recent weeks, NBC News was criticized for passing on an exposé of Mr. Weinstein by an MSNBC contributor, Ronan Farrow. Mr. Farrow’s reporting later appeared in The New Yorker, and helped set off the current wave of revelations about abuses by powerful men in media and entertainment.
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Trump veers past guardrails, feeling impervious to the uproar he causes
President Trump this week disseminated on social media three inflammatory and unverified anti-Muslim videos, took glee in the firing of a news anchor for sexual harassment allegations despite facing more than a dozen of his own accusers and used a ceremony honoring Navajo war heroes to malign a senator with a derogatory nickname, “Pocahontas.”
Again and again, Trump veered far past the guardrails of presidential behavior. But despite the now-routine condemnations, the president is acting emboldened, as if he were impervious to the uproar he causes.
If there are consequences for his actions, Trump does not seem to feel their burden personally. The Republican tax bill appears on track for passage, putting the president on the cusp of his first major legislative achievement. Trump himself remains the highest-profile man accused of sexual improprieties to keep his job with no repercussions.
Trump has internalized the belief that he can largely operate with impunity, people close to him said. His political base cheers him on. Fellow Republican leaders largely stand by him. His staff scrambles to explain away his misbehavior — or even to laugh it off. And the White House disciplinarian, chief of staff John F. Kelly, has said it is not his job to control the president.
For years, Trump has fired off incendiary tweets and created self-sabotaging controversies. The pattern captures the musings of a man who traffics in conspiracy theories and alternate realities and who can’t resist inserting himself into any story line at any moment.
“In an intensely polarized world, you can’t burn down the same house twice,” said Alex Castellanos, a GOP campaign consultant. “What has Donald Trump got to lose at this point?”
Castellanos added that for many voters, and especially Trump’s base, there’s an “upside” to his bellicosity. “A strong daddy bear is what a lot of voters want,” he said. “Right or wrong, at least he’s fighting for us.”
[Trump retweets inflammatory and unverified anti-Muslim videos]
On Wednesday, Trump took to Twitter before sunrise to share three unverified videos with his 43.6 million followers that seemed designed to stoke anti-Muslim sentiments. He then relished in the firing of Matt Lauer from NBC’s “Today” show for allegations of sexual misconduct and fanned unsubstantiated rumors about three other NBC and MSNBC executives and personalities.
Two days earlier, Trump used a ceremony honoring the World War II Navajo code talkers to deride Sen. Elizabeth Warren (D-Mass.) by using his nickname for her, “Pocahontas.” Native American leaders and other Americans have objected to the characterization as a racial slur.
Trump traveled on Wednesday to Missouri, where he pitched the tax overhaul plan. He explained that he did not mind that the bill might close loopholes for the wealthy like himself.
Trump and other wealthy Americans are poised to benefit from the plan, according to tax experts, because of cuts to estate and business taxes and other relief for real estate holdings. Trump has refused to release his tax returns, so it is impossible to say exactly how he would benefit.
White House chief of staff John F. Kelly and staff secretary Rob Porter follow President Trump to Marine One on Nov. 29, 2017, before departing for a presidential event in Missouri (Jabin Botsford/The Washington Post)
In Missouri, he was talking about taxes, but he might as well been describing his mind-set.
“Hey, look, I’m president,” Trump said. “I don’t care. I don’t care anymore.”
Trump’s anti-Islam tweets on Wednesday — he retweeted videos first posted by a leader of the far-right Britain First party, an extremist group that targets mosques and Muslims — earned him a sharp rebuke from the British prime minister’s office.
The retweets also caught his West Wing team off guard. One aide said staffers were unsure exactly how to respond to — let alone defend — his tweets, while another noted that the tweets were unexpected but not necessarily out of character.
“He got pretty fired up this morning,” said the second aide, who spoke on the condition of anonymity to offer a candid assessment. “This was not planned.”
[Trump refers to ‘Pocahontas’ during ceremony to honor Navajo code talkers]
White House spokeswoman Sarah Huckabee Sanders defended Trump’s post as evidence that he wants to “promote strong borders and strong national security.” But she sidestepped questions on whether the president should give his Twitter endorsement to content whose authenticity was not verified.
“Whether it’s a real video, the threat is real, and that is what the president is talking about,” Sanders told reporters.
Jason Miller, a former Trump campaign adviser, said the media were overreacting to the president’s sharing of anti-Muslim videos. “A very small number of people, primarily in New York and Washington, are complaining about the origin of the tweets, and most of the rest of the country is talking about the need for stricter border security and the threat of radical Islamic terrorism,” Miller said.
Still, by sharing the videos, Trump created problems for himself. He undermined the administration’s legal strategy in defending the controversial entry ban by offering evidence of anti-Muslim bias. Federal judges have blocked various versions of the ban because it is akin to an unconstitutional ban on Muslims, which Trump had called for during the campaign.
One of Trump’s aides, deputy press secretary Raj Shah, also may have complicated the legal strategy. Aboard Air Force One on Wednesday, Shah answered a reporter’s question about whether Trump thinks Muslims are a threat to the United States by saying, “No, look, the president has addressed these issues with the travel order that he issued earlier this year and the companion proclamation.”
Trump also strained, at least temporarily, the special relationship with Britain. A spokesman for British Prime Minister Theresa May delivered a rare rebuke from 10 Downing Street: “British people overwhelmingly reject the prejudiced rhetoric of the far-right which is the antithesis of the values that this country represents: decency, tolerance and respect.”
On Wednesday evening, Trump responded on Twitter: “Theresa May, don’t focus on me, focus on the destructive Radical Islamic Terrorism that is taking place within the United Kingdom. We are doing just fine!”
Trump’s advisers and friends said he feels emboldened, even invincible, to communicate as he chooses — especially on cultural issues, believing that his stances work for him politically by galvanizing his base.
[From ‘Access Hollywood’ to Russia, Trump seeks to paint the rosiest picture]
Having long trafficked in conspiracy theories — his political rise was fueled by his role as one of the nation’s leading champions of the false claim that President Barack Obama was not born in the United States — Trump continues as president to promote falsehoods and reject facts.
Trump has recently told friends that he believes special counsel Robert S. Mueller III’s Russia investigation will be winding down by the end of the year and that he will be exonerated, even though many experts and others close to the wide-ranging probe say that view is overly optimistic.
Trump has watched as other high-profile men’s careers have crumbled under the weight of public accusations of sexual misconduct. Yet Trump has faced no disciplinary repercussions, even after bragging on a 2005 tape about having sexually assaulted women. “Grab ’em by the p—y. You can do anything,” Trump told “Access Hollywood” host Billy Bush, who lost his job over the incident.
During the 2016 campaign, more than 12 women publicly came forward with claims that Trump had sexually harassed or assaulted them. Yet Trump categorically denied the women’s accounts and won the election.
Trump occasionally has even speculated, in private conversations with advisers and friends over the past year, that the voice in the tape may not be his or that the tape may have been unfairly doctored.
[President Trump and accusations of sexual misconduct: The complete list]
Roger Stone, a former political adviser to and longtime friend of Trump’s, said the president is less strategic and more spontaneous with his controversial comments.
“I just think you’re seeing the president as way too Machiavellian,” Stone said. “He doesn’t necessarily have a strategy. His instincts on the news cycle and how to tweak his enemies is extraordinary. . . . He’s a master marketer, and the only thing worse than being wrong is being boring. We’re talking about this now.”
Trump feels especially liberated when he is at Mar-a-Lago, his lush seaside resort in Palm Beach, Fla., where he spent the Thanksgiving holiday, according to his friends. There, Trump enjoys a less structured and disciplined environment than at the White House, where Kelly attempts to tightly control whom the president sees and what information he receives.
In Palm Beach, friends and club members can approach Trump at will and plant ideas in the president’s head, which he sometimes repeats or acts on.
Two outside advisers to Trump suspected it was no coincidence that he returned to Washington on Sunday night and soon thereafter struck a pugnacious tone in his public comments.
“Mar-a-Lago stirs him up,” said one of the advisers, who spoke on the condition of anonymity to be candid.
On Capitol Hill, Republicans struggled Wednesday to defend the president. Sen. Lindsey O. Graham (R-S.C.) said Trump’s retweets of the videos were “particularly unhelpful.”
“We don’t want to take a fringe group and elevate their content,” Graham said. “I think it also is not the message we need to be sending right now where we need, you know, Muslim allies.”
Sen. Jeff Flake (R-Ariz.), an outspoken Trump critic, agreed: “I just thought it was highly inappropriate. Not helpful.”
GOP strategist John Brabender said Trump’s tweets distracted from his agenda to pass a tax cuts bill and focus on the nuclear threat from North Korea. But, Brabender said, “this is not new in Donald Trump’s world.”
“We’re seeing the message hijacked by the messenger,” Brabender said. “That’s been problematic for a long time and it’s still problematic. . . . Sometimes we all just scratch our heads.”
Sean Sullivan contributed to this report.
CNN reportedly boycotts White House’s Christmas party

President Donald Trump
walks alongside a CNN logo.
AP Images
/ Alan Diaz
-
CNN reportedly will boycott the White House’s annual
Christmas party, due to President Donald Trump’s “continued
attacks” on the press. -
The party is meant for members of the press and White
House officials to socialize. -
“Christmas comes early,” White House press secretary
Sarah Huckabee Sanders tweeted, following the
announcement.
Citing President Donald Trump’s “continued attacks” on the press,
CNN is boycotting the White House’s
annual Christmas party, according to a Politico report Tuesday.
“CNN will not be attending this year’s White House Christmas
party,” a CNN spokesperson told Politico. “In light of the
President’s continued attacks on freedom of the press and CNN, we
do not feel it is appropriate to celebrate with him as his
invited guests.”
Despite not taking part in the festivities, the CNN spokesperson
said that they would provide coverage for the event: “We will
send a White House reporting team to the event and report on it
if news warrants.”
Following the announcement, White House press secretary Sarah
Huckabee Sanders appeared to be elated: “Christmas comes early!
Finally, good news from @CNN,” Sanders tweeted to Politico’s story.
The event, in which members of the press and White House
officials can escape from their ongoing, daily feuds, is being
overshadowed by Trump’s hostile stance towards certain networks,
particularly CNN.
“[Fox News] is MUCH more important in the United States than CNN,
but outside of the U.S., CNN International is still a major
source of (Fake) news, and they represent our Nation to the WORLD
very poorly,” Trump tweeted Saturday. “The outside
world does not see the truth from them!”
CNN reporters have since condemned Trump’s statement, one of many
about the network, and replied to his original tweet.
“At CNN we dodge bullets to bring you the news,” tweeted Christiane Amanpour, CNN’s
chief international correspondent. “Nothing fake about that.”
“If President Trump knew the facts, he would never have sent that
tweet,” Amanpour said in another tweet.
Gunman who fired shots from high-rise condo in downtown Reno is dead, authorities say
A gunman with a hostage opened fire from the eighth floor of a luxury high-rise condominium in Reno onto the streets below, authorities said. No injuries were reported.
The man died Tuesday night after a SWAT team descended on him while he was barricaded at the Montage condo complex, Reno Police Deputy Chief Tom Robinson told reporters. It wasn’t immediately clear whether he was killed by police gunfire or his own. No one else, including the hostage, was hurt.
The gunman’s name has not been released. Robinson described him only as a young adult.
The luxury high-rise is surrounded by some of downtown Reno’s most popular casinos, and the gunfire brought eerie echoes of the Las Vegas shooting two months earlier that killed 58 people and injured hundreds more.
Stephen Paddock, the man who opened fire Oct. 1 from the 32nd floor of the Mandalay Bay hotel and casino in Las Vegas onto an outdoor concert below, had owned a unit at the Montage. Records show he sold the property in December 2016.
“When you heard it’s coming from above, it reminds you of the guy shooting from Mandalay Bay,” said Mike Pavicich, who was in town on business from Las Vegas and was standing atop a parking garage at the neighboring Eldorado Resort Casino when the shots rang out.
“It’s scary, you know?” Pavicich told the Las Vegas Review-Journal. “This is the same kind of town.”
The Montage building was once a casino before it was converted into luxury condos, according to its website.
Trooper Chris Kelley of the Nevada Highway Patrol told the Reno Gazette-Journal that shots were heard from the building for at least 20 minutes, and TV news reporters said they heard several shots after arriving, though the shots were sporadic, not constant.
Paddock modified an AR-15 rifle to loose a stream of constant bullets like an automatic weapon in the attack in Las Vegas, which is 350 miles southeast.
UPDATES:
10:50 p.m.: This article was updated with information throughout, including an account from a witness.
This article was originally published at 9:40 p.m.
Even before court victory, Trump’s pick to lead consumer watchdog began reshaping agency
A federal judge on Tuesday refused to block President Trump’s pick to be the temporary leader of the Consumer Financial Protection Bureau, denying a request by a high-ranking agency employee that she be put in charge instead.
In turning down Leandra English’s request for a temporary restraining order, U.S. District Judge Timothy J. Kelly acknowledged that the case raised constitutional questions, but he ruled that White House budget director Mick Mulvaney can remain acting CFPB director. Former CFPB litigation counsel Deepak Gupta, representing English, said they would weigh their options to resolve an issue they say has left the six-year old agency and its 1,600 employees in legal limbo.
“There needs to be an answer, and there needs to be a final answer. There needs to be a resolution of this cloud of impropriety hanging over the bureau,” Gupta told reporters after the hearing.
The Trump administration applauded the decision and said the ruling supports its contention that Mulvaney is the rightful acting director.
“It’s time for the Democrats to stop enabling this brazen political stunt by a rogue employee and allow Acting Director Mulvaney to continue the Bureau’s smooth transition into an agency that truly serves to help consumers,” White House spokesman Raj Shah said in a statement.
Even before the decision, Mulvaney was moving aggressively to reshape an agency he has criticized in the past. On his first day in the office, he announced a 30-day freeze on the issuance of new rules and hiring. On Tuesday, he started a new Twitter account — @CFPBdirector — and posted a picture of himself at a desk with an American flag in the background. “Busy day at the @CFPB. Digging into the details,” the tweet said. On the agency’s website, Mulvaney is now listed as director with a note that says “Bio coming soon.”
“Anyone who thinks that a Trump administration CFPB would be the same as an Obama administration CFPB is simply being naive,” he told reporters Monday. “Elections have consequences at every agency, including the CFPB.”
That is probably just the beginning of the changes the CFPB could see under the Trump administration. Republicans and the banking industry have complained that the agency, created in reaction to the global financial crisis, lacks accountability and that its rulemaking has made it harder for consumers to get loans. House Republicans approved legislation this year that would strip the CFPB of many of its powers.
“I would expect a sea change,” said Alan Kaplinsky, head of the consumer financial services group for the law firm Ballard Spahr. It could be “a very significant shift in direction, but it won’t happen overnight.”
While Democrats and consumer groups acknowledge it is inevitable that a Trump nominee will lead the agency, they worry that the White House could leave Mulvaney as acting director for months, or longer, before nominating a permanent replacement.
Instead, they say, the Trump administration should be forced to nominate someone who would have to go through an extensive vetting and Senate confirmation process. Then there would be a better chance of securing a director who is less hostile toward the CFPB, they say.
“I do think there is a difference between Mulvaney, and the actions he would try to take as acting director, and a permanent, Senate-confirmed nominee,” said Lisa Donner, executive director of Americans for Financial Reform. “Some of the Trump nominees have been rejected.”
The tug-of-war over the leadership began last week after former CFPB director Richard Cordray resigned and promoted his chief of staff, English, who he said would run the department on an interim basis. Trump quickly appointed Mulvaney, a longtime critic of the bureau, to the job instead. Each camp claimed that the law was on their side and that they were in charge.
In court, English’s attorney argued that the 2010 Dodd-Frank Act, which established the agency after the financial crisis, laid out a specific plan of succession authorizing the deputy director to take over until a White House nominee is confirmed by the Senate. Also, they said, Mulvaney cannot wear two hats by simultaneously leading the independent financial regulator while serving as director the Office of Management and Budget.
Deputy Assistant Attorney General Brett Shumate argued that Trump had authority under an earlier law, the 1998 Federal Vacancies Reform Act, and cited supporting opinions by the Justice Department’s office of legal counsel and the CFPB’s general counsel.
Kelly, a Trump appointee who joined the federal court in Washington in September, sided with the Trump administration, allowing Mulvaney to stay in place for now. “On its face, the VRA does appear to apply to this situation,” Kelly ruled.
The independent structure of the agency, which Democrats fought to keep under Cordray, now gives Mulvaney a freer hand to operate. Instead of having to consult a multi-member board, the acting director can make many changes alone, industry experts and consumer advocates note. While English would have been likely to keep the status quo, they say, Mulvaney can now make significant changes without much oversight — such as abandoning investigations or shrinking the agency’s budget.
The CFPB, for example, has been working on rules for the past few years to address bank overdraft fees and the tactics used by debt collectors. It has also finalized regulations targeting the billions of dollars in fees collected by payday lenders offering high-cost, short-term loans. Those regulations don’t go into effect until 2019, giving Mulvaney time to alter the rules or get rid of them, consumer advocates say. “The payday rule is certainly at risk,” Donner said.
The agency has also announced cases against dozens of financial institutions that are pending in court or under investigation. Mulvaney or another Trump appointee could decide to abandon or rethink those efforts.
“I think he [Mulvaney] will take a fresh look at all of the CFPB pending investigations and decide whether or not CFPB should continue them,” said Kaplinsky, who has represented firms against the agency.
The industry is also looking toward more fundamental changes to the way the agency operates. The banking industry, for example, has been critical of a CFPB database of consumer complaints against financial institutions. They say the database sometimes includes incorrect information or unproven grievances. Community banks have rumbled that the agency unfairly hobbles them with the same regulatory burdens as their much larger competitors.
Before the Tuesday court hearing, protesters assembled outside the CFPB’s Washington offices, holding signs and chanting “Hey, hey, ho, ho, Mick Mulvaney has to go” as employees entered and exited the building. Sen. Elizabeth Warren (D-Mass.), who came up with the idea for the CFPB, told the crowd that the fight was not about politics. “This is about what is fair. This agency has forced the biggest banks in the country to return more than $12 billion directly to people they’ve cheated,” she said. “Some of those people were Democrats and some of those people were Republicans. It didn’t matter.”
Staff writer Spencer S. Hsu contributed to this report.
Man arrested, to be charged in string of Tampa murders
Tampa police said Tuesday night they had arrested a 24-year-old man and that he would be charged with murder in four shooting deaths in the Seminole Heights neighborhood that had stoked fears of a serial killer in the area.
Howell Emanuel Donaldson III, 24, will be charged with four counts of first degree, premeditated murder in the killings of Benjamin Edward Mitchell, Monica Caridad Hoffa, Anthony Naiboa and Ronald Felton, Tampa police chief Brian Dugan said in a press conference Tuesday.

An arrest photo released by the Hillsborough County Sheriffs Office shows Howell Emanuel Donaldson III, who has been charged with four counts of premeditated murder for a series of Tampa, Florida area killings.
Donaldson was taken into custody Tuesday afternoon at a McDonald’s after another employee said he handed a gun to a manager, who then reached out to an officer in the building, CBS affiliate WTSP reports.
“When I think I found out there was a gun, and when we looked at his description, it was a little ore than what we really had,” Dugan said. “It just felt right. I kinda had a feeling that we were going to get a break.”
Investigators are still determining Donaldson’s connection to the neighborhood, Dugan said.
“We’re not sure why he was in this neighborhood,” he said. “We’re not aware what he ties are and we don’t know what his motive is. But there is a lot more to go.”
Police have been searching for the person – or people – responsible for shooting and killing four in the Seminole Heights neighborhood since Oct. 9. Police have said the shootings happened within close proximity to one another, aren’t robberies and could be the work of a serial killer.
Police had increased patrols in the neighborhood and released surveillance videos of a hooded suspect. In a security video taken moments after 22-year-old Benjamin Mitchell became the first victim on Oct. 9, the suspect is running from the scene.
“I’ve come up with four reasons why this person is running,” Dugan said last month. “One, they may be late for dinner. Two, they’re out exercising. Three, they heard gunshots. And number four, they just murdered Benjamin Mitchell.”
Two days after Mitchell was shot, Monica Hoffa, 32, was gunned down. And on Oct. 19, Anthony Naiboa, 20, was shot after taking the wrong bus home from his new job. Police patrolling nearby heard the gunshots and rushed to the scene to find Naiboa dead.
Police found the body of Ronald Felton, 60, in the street on Nov. 14. Police said Felton had been walking across the street to meet someone when the gunman came up behind him and fired.
Seminole Heights is a working-class neighborhood northeast of downtown Tampa that’s slowly becoming gentrified. Run-down homes sit next to renovated, historic bungalows, and trendy restaurants have sprung up near auto body shops.
Residents and business owners have said there are car burglaries and fights between kids, but nothing like this.
The department has received more than 5,000 tips. Dugan says he’s optimistic but acknowledged previous leads have led to nothing.
Donaldson’s arrest happened during the kick off for the first annual “Light the Heights” event, WTSP reports.
The holiday-themed effort to light every home with Christmas lights is the latest to brighten up the area with light – as well as some holiday cheer.
“We have a goal of having every house in our neighborhood lit up to bring a positive light to our neighborhood,” organizer Courtney Bumgarnar told WTSP.
GOP Tax Bill Takes a Big Step Forward With Committee Vote
“I think we’re going to get it passed,” Mr. Trump said at the White House later in the day. “It’s going to have lots of adjustments before it ends, but the end result will be a very, very massive — the largest in the history of our country — tax cut.”
Republicans emerged from the lunch increasingly optimistic about the bill’s fate and played down the concerns that had threatened to bedevil its passage.
Three key Republican holdouts, Senators Susan Collins of Maine, Bob Corker of Tennessee and Ron Johnson of Wisconsin, sounded positive about the bill on Tuesday after gaining assurances from Mr. Trump and Republican leadership that those worries would be addressed.
The bill passed the Senate Budget Committee on a party-line vote

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Al Drago for The New York Times
Among those who voted the bill out of committee were Mr. Johnson and Mr. Corker, both of whom had said on Monday they would oppose the legislation without changes to address their individual concerns. Mr. Johnson wants more favorable treatment for pass-through businesses and Mr. Corker wants assurances the $1.5 trillion tax bill won’t add to the deficit.
But the meeting with Mr. Trump and discussions with Republican leaders seemed to have swayed them enough to vote to advance the plan.
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What the Tax Bill Would Look Like for 25,000 Middle-Class Families
We modeled taxes for 25,000 middle-class families. Here’s how the Senate bill would affect each of them.
A vote on Wednesday could open the bill to debate and amendments
On Wednesday, the Senate will vote on a procedural motion to begin consideration of the bill on the Senate floor. If that passes, the Senate can begin offering and debating amendments to the bill, which is a precursor to a floor vote that could happen on Friday.
But there are still hurdles ahead, including the need to resolve differences between the House and Senate versions of the legislation. And there doesn’t seem to be a lot of receptivity to the change that Mr. Corker wants made, which would require some taxes to increase if the overall package adds to the deficit.
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So while the Senate took a big step forward, it still has several more paces to go before declaring victory.
Mr. Trump attacked ‘Chuck and Nancy,’ and then they pulled out of a White House meeting

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Al Drago for The New York Times
The two top Democrats, Senator Chuck Schumer of New York and Representative Nancy Pelosi of California, refused to attend a meeting with Mr. Trump and congressional leaders that was scheduled for the afternoon after the president posted on Twitter this morning that he was meeting with “Chuck and Nancy” to discuss ways to avert a government shutdown and wrote “I don’t see a deal!”
“Given that the President doesn’t see a deal between Democrats and the White House, we believe the best path forward is to continue negotiating with our Republican counterparts in Congress instead,” Mr. Schumer and Ms. Pelosi said in a statement.
“Rather than going to the White House for a show meeting that won’t result in an agreement, we’ve asked Leader McConnell and Speaker Ryan to meet this afternoon. We don’t have any time to waste in addressing the issues that confront us, so we’re going to continue to negotiate with Republican leaders who may be interested in reaching a bipartisan agreement.”
Just a few months ago, Mr. Schumer and Ms. Pelosi seemed to be forging a fruitful partnership with Mr. Trump, who refers to them as “Chuck and Nancy.” In September, the president sided with them to strike a fiscal deal that raised the debt limit and extended government funding into December.
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Now, lawmakers are facing another pressing fiscal deadline, as government funding expires Dec. 8. Republican leaders in Congress will need Democratic votes in order to keep the government open beyond that date. Mr. Trump’s tweet follows similar comments about the minority party on Monday, when he said he did not need Democrats to support the tax bill moving through Congress.
The White House spokeswoman said that the Democrats’ boycott showed ‘pettiness’
Sarah Huckabee Sanders, the White House press secretary, accused Ms. Pelosi and Mr. Schumer of “pettiness” in declining to attend Tuesday afternoon’s meeting.
“It’s disappointing that Senator Schumer and Leader Pelosi are refusing to come to the table and discuss urgent issues,” she said in a statement. “The president’s invitation to the Democrat leaders still stands and he encourages them to put aside their pettiness, stop the political grandstanding, show up and get to work. These issues are too important.”
Republican leaders say Democrats were playing politics with their boycott
The Senate majority leader, Mitch McConnell of Kentucky, and the House speaker, Paul D. Ryan of Wisconsin, said in a statement that Democrats need to show up at the meeting if they care about preventing a government shutdown.
Republicans Say the $1.5 Trillion Tax Bill Pays For Itself, but Experts Disagree
There is no consensus among economists about the amount of growth that would occur under the plan, but key models predict it would not cover its cost.
“We have important work to do, and Democratic leaders have continually found new excuses not to meet with the administration to discuss these issues,” they said. “Democrats are putting government operations, particularly resources for our men and women on the battlefield, at great risk by pulling these antics. There is a meeting at the White House this afternoon, and if Democrats want to reach an agreement, they will be there.”
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Democrats have deep concerns about the tax bill, too
Mr. Schumer, speaking on the Senate floor, pounded on Republicans and Mr. Trump for blocking Democrats from participating in the tax overhaul, saying it would help the rich and corporations instead of the middle class.
“It’s an issue crying out for a bipartisan solution,” he said of the tax rewrite. “There are a lot of areas we agree. We have to work to find a middle ground that’s acceptable to both parties.” The bill as it stands, he said, would balloon the debt and help hedge funds and lobbyists but not average Americans.
Democrats are also worried about a provision in the Senate bill that repeals the requirement that most Americans have health insurance or pay a penalty. Dropping the so-called individual mandate would produce savings that would help pay for the tax cuts, since people would forgo health insurance and therefore the government would spend less on subsidized health coverage.
Right now, about 4.5 percent of tax filers pay a penalty rather than get health insurance. Here’s a look at who they are and where they live:
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Millions Pay the Obamacare Penalty Instead of Buying Insurance. Who Are They?
The Senate Republican tax bill includes the repeal of the Affordable Care Act’s individual mandate, the requirement that all Americans purchase qualifying health insurance or pay a penalty.
A “dynamic” economic analysis may come on Wednesday
Senate Republicans have been speeding ahead toward a vote on their tax bill even without a “dynamic” score from the Joint Committee on Taxation that would show the effects of the proposed tax cuts on the economy. That score is important, since it will show the extent to which the tax cuts will boost growth and avoid adding to the deficit.
The analysis could roil the tax debate at the 11th hour by giving pause to deficit hawks in the Senate. It would be the first attempt by the committee to project the economic effects of the Republican tax plans. The House passed its bill this month before the committee could complete a so-called dynamic score of the bill.
Outside analysts expect the score will show that the Senate bill does not create nearly enough economic growth to generate revenues to offset those lost via tax cuts. Such a showing would undermine Republicans’ claims that the bill would pay for itself.
In a letter that was sent on Monday to Senator Ron Wyden of Oregon, the J.C.T. said there is still a chance that such an analysis could be ready this week, perhaps as soon as late Wednesday.
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“The Joint Committee staff is currently involved in analyzing the macroeconomic effects of the bill, and is trying to complete the analysis for purposes of producing the estimate of the budget effects” in time to inform debate on the Senate floor, Thomas Barthold, chief of staff of the J.C.T. wrote in a letter to Senator Ron Wyden of Oregon, the ranking Democrat on the finance committee.
Thus far, dynamic analyses of the Republican tax bills have failed to match the promises of the party’s lawmakers that the tax cuts would pay for themselves by creating a surge of economic growth and new revenues.
Mr. Barthold could make no guarantees that the analysis would be ready in time and he warned that it would not account for any last minute changes that are made to the bill.
“When we produce these estimates, we subject them to a number of quality checks before releasing them, and cannot guarantee a specific release time until we have completed that process,” he said.
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Stocks Gain With US Tax in Focus; Pound Rises: Markets Wrap
Stocks in Europe gained, following U.S. equities and most Asian benchmarks higher as optimism over U.S. tax reform overshadowed concerns about North Korea’s latest missile launch. The British pound strengthened after the U.K. cleared a major Brexit hurdle.
The Stoxx Europe 600 Index headed for a three-week high, with most industry sectors in the green. Banks outperformed following a rally in U.S. lenders after Federal Reserve chair nominee Jerome Powell signaled he isn’t inclined to add to financial regulations. Asian stocks were mixed earlier, with gauges in Tokyo and Australia advancing while equities in Seoul dropped. U.S. benchmarks rose on Tuesday as the Senate budget committee advanced the Republican tax bill.

Elsewhere, U.K. gilts fell, the FTSE 100 stock index dropped and sterling jumped to a two-month high after Brexit negotiators agreed to an outline divorce deal. The dollar weakened and core European bonds declined with U.S. Treasuries. The euro gained as data from Germany’s regions showed inflation accelerating. Crude oil fell for a third day as U.S. inventories expanded before OPEC meets to decide on prolonging supply cuts past the end of March. Industrial metals extended a slide.
In Asia, North Korean leader Kim Jong Un said his regime completed its nuclear program after firing a missile that put the entire U.S. in range. The launch shattered a two-month period of relative quiet in its first provocation since U.S. President Donald Trump’s decision this month to label the country a state sponsor of terrorism. Trump responded that “we will take care of that situation.”
“The crux of it is that people ascribe a very low likelihood of it developing into something more sinister,” Mark Lister, head of private wealth research at Craigs Investment Partners in Wellington, said of North Korea’s missile test. “Markets are choosing to focus on the positives: that tax reform might be more likely, we’re still getting good corporate news, and all the economic data is ticking over pretty nicely.”
LGT’s Stefan Hofer discusses the North Korea missile launch, its impact on markets, and the outlook for commodities.
In the U.S., the Senate tax bill is headed for a marathon debate this week after the budget committee voted Tuesday along party lines to send the Republican plan to the floor. Republican holdouts, Bob Corker of Tennessee and Ron Johnson of Wisconsin, dropped their objections shortly before the vote. Fed chairman nominee Powell faced his Senate confirmation hearing in Washington, saying during testimony the case for a December rate hike “is coming together.”
Terminal subscribers can read our Markets Live blog.
Here are some key events coming up this week:
- In China later this week, the official and Caixin manufacturing PMIs are expected to show mostly steady momentum.
- Japan industrial production is forecast to have rebounded in October, but CPI may show a sharp divergence between headline and core inflation, Bloomberg Intelligence said.
- The second print of third-quarter U.S. GDP on Wednesday may be revised up thanks to consumer spending and inventory accumulation, Bloomberg Intelligence said. The core PCE deflator, the Fed’s preferred gauge of inflation, is due Thursday.
- OPEC meets in Vienna on Thursday.
These are the main moves in markets:
Stocks
- The Stoxx Europe 600 Index climbed 0.5 percent as of 9:21 a.m. London time, the highest in almost three weeks.
- The U.K.’s FTSE 100 Index decreased 0.6 percent, the largest dip in almost three weeks.
- Germany’s DAX Index increased 0.7 percent.
- Futures on the SP 500 Index gained less than 0.05 percent to the highest on record.
- The Topix index gained 0.8 percent at the close in Tokyo and the Nikkei 225 Stock Average rose 0.5 percent, while Hong Kong’s Hang Seng Index was down 0.2 percent.
- Australia’s SP/ASX 200 Index rose 0.5 percent and the Kospi index dropped less than 0.1 percent.
- The MSCI Asia Pacific Index rose 0.3 percent.
Currencies
- The Bloomberg Dollar Spot Index fell 0.2 percent.
- The euro climbed 0.3 percent to $1.1871.
- The British pound gained 0.5 percent to $1.3406, the strongest in two months on the biggest gain in a week.
- The Japanese yen gained less than 0.05 percent to 111.47 per dollar.
Bonds
- The yield on 10-year Treasuries advanced one basis point to 2.34 percent.
- Germany’s 10-year yield increased two basis points to 0.34 percent, the biggest increase in almost three weeks.
- Britain’s 10-year yield increased six basis points to 1.253 percent, the highest in more than two weeks.
Commodities
- West Texas Intermediate crude dipped 0.6 percent to $57.65 a barrel, the lowest in more than a week.
- Gold gained 0.1 percent to $1,294.71 an ounce, the highest in more than six weeks.
- Copper fell 0.5 percent to $3.08 a pound, the lowest in almost two weeks.
— With assistance by Adam Haigh
