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Casting Wall Street as Victim, Trump Leads Deregulatory Charge

Most noticeably, there’s been a dramatic change in tone from the White House. This weekend, Mr. Trump wrote in a Twitter post that regulators, in particular the consumer bureau, have left the financial industry “devastated and unable to properly serve the public.”It was a rare instance of a politician casting Wall Street as a victim — especially since the banking industry is on a roll. Commercial banks last year generated $157 billion in profits, the highest level ever, according to the Federal Deposit Insurance Corp. Banks are making lots of loans […]

The Little-Known Pragmatist Who Is Shaping the Trump Tax Cuts

The rapid rise of Mr. Muzinich, a lanky father of two from Manhattan, is emblematic of the new power dynamics in Mr. Trump’s Washington, where business experience and New York roots are often pathways to top posts. He fits the mold of Mr. Trump’s top economic advisers, Mr […]

Who Was Stephen Paddock? The Mystery of a Nondescript ‘Numbers Guy’

When it came to guns, Mr. Michel said, “he was not a novice.”The son of a bank robber and a secretary, Mr. Paddock grew up lower middle class in Southern California in the 1960s. From an early age, he focused on gaining complete control over his life and not having to rely on anyone. He cycled through a series of jobs he thought would make him rich, Eric Paddock said.“He went to work for the I.R.S. because he thought that’s where the money was, but it turned out the money wasn’t there,” the younger Mr. Paddock said. “He went to the aerospace industry but the money wasn’t there either. He went to real estate and that’s where the money was.”Stephen Paddock began buying and refurbishing properties in economically depressed areas around Los Angeles, teaching himself how to put in plumbing and install air-conditioning. By the late 1980s, “we had cash flow,” said Eric Paddock, who added that he had given his life savings to his older brother to invest and eventually became a partner in his company, because “that’s the kind of guy he was. […]

New York Today: New York Today: Theater in Odd Places

Weather.init(); }()); Adiós, Jose. The hurricane that passed our city this week is now a tropical storm heading eastward into the Atlantic […]

Devastation in the Caribbean as Hurricane Irma Heads Toward Miami

How is it possible, they wanted to know, that a hurricane that had passed at a safe distance and hardly claimed a shingle could leave so many in the dark?Continue reading the main storyPuerto Rico’s plunge into darkness has been long coming. In July, the huge, government-owned power authority defaulted on a deal to restructure $9 billion in debt, effectively declaring bankruptcy.It has neither modernized nor kept up with maintenance. Trees have gone untrimmed, poles unattended. (The electric company did not respond to repeated requests for comment.)Gov. Ricardo A. Rosselló said the authorities could not estimate how long it would take to get the power back until officials were able to survey the damage.Thursday afternoon he said service had been restored to 144,000 households — which still left nearly a million out.Still, he said, things could have been much worse.“We would like to start out thanking the almighty,” Mr. Rosselló said. “Our prayers were answered.”PhotoResidents in Port St. Lucie, Fla., prepared for Hurricane Irma’s approach at Home Depot.Credit Jason Henry for The New York TimesOn other islands, the reckoning was far more stark.On St. Martin, a part-French, part-Dutch possession where at least four people died as a result of the storm, aerial footage taken by the military showed streets inundated with water and homes devastated by winds. […]

Mediator: Bannon Ready for #War With a Long List of Targets

And, finally, Axios reported, the list potentially included Fox News, should Mr. Bannon move to create Breitbart Television with the financial support of a backer like Robert Mercer.The conventional wisdom conveyed in the breathless news coverage of Mr. Bannon’s exit was that he would be far more powerful outside the White House than he was within it — a dangerous proposition for both Mr. Trump’s opponents and surviving aides.If true, it would mean that a post atop Breitbart News could rival a senior position in the most powerful office. And, given that Breitbart became its most aggressive self — with an appeal to at least some who consider themselves white nationalists — under Mr. Bannon, the rest of us may be in for an even wilder ride.Lost in some of the hype related to Mr […]

Steve Bannon, Back on the Outside, Prepares His Enemies List

“The president was buoyed to election by capturing the hearts and minds of a populist, nationalist movement,” Alex Marlow, Breitbart’s editor in chief, said Friday evening. “A lot of it was anti-Wall Street, anti-corporatist, anti-establishment. And now we’re seeing that a lot of these guys remaining inside the White House are exactly the opposite of what we told you you were going to get.”Mr. Bannon’s long enemies list will include anyone he deems hostile to the nationalist, conservative agenda that he viewed himself as the guardian of in the White House. And his most personal causes will involve some the biggest fights that lie ahead between President Trump and Congress.VideoBannon Ousted: Inside His Controversial TenureStephen K. Bannon, President Trump’s outgoing chief strategist, has been criticized as being emblematic of the far-right nationalism that turned violent in Virginia last weekend.By A.J. CHAVAR and CHRIS CIRILLO on Publish Date August 14, 2017.Photo by Al Drago/The New York Times.Watch in Times Video »embed Most immediately, he has told associates that he wants to ensure that any spending resolution approved next month by Congress includes money to begin construction on the wall that Mr. Trump has promised to build on the southern border.If Congress balks, Mr. Bannon has advised the president to issue a veto, which would trigger a government shutdown.“You can’t play by the Marquess Queensberry’s rules,” he often tells colleagues, using a characteristically colorful historical analogy, in this case to the 19th-century code of conduct for boxing.Whether he punches hard is not in doubt. […]