The Latest: 3 victims of Walmart shooting identified
November 3, 2017 by admin
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http://www.sfgate.com/news/crime/article/The-Latest-Police-name-suspect-in-Colorado-12325944.php
Police in Thornton, Colo. say a tip from a citizen helped officers apprehend a man suspected of opening fire at a suburban-Denver Walmart, killing three people Wednesday evening. (Nov. 2)
Media: Associated Press
THORNTON, Colo. (AP) — The Latest on the shooting at a Colorado Walmart (all times local):
1 p.m.
Authorities have identified the three people who were fatally shot at a Walmart in suburban Denver.
Coroner Monica Broncucia-Jordan said Thursday that 52-year-old Pamela Marques, 66-year-old Carlos Moreno, and 26-year-old Victor Vasquez died in Wednesday night’s shooting.
Moreno was a grandfather who was a longtime maintenance worker at the Auraria Higher Education Center. It houses various state colleges and universities in downtown Denver.
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Marlena Fobb, front right, of Thornton, Colo., who was shopping at the time of the shooting at a Walmart store, hugs an unidentified store employee Thursday, Nov. 2, 2017, in Thornton, Colo. The store was the scene of a shooting Wednesday night when a man walked in and opened fire with a handgun. The suspect was arrested Thursday, about 14 hours after fleeing the store. Fobb’s husband, Jason, left, holds the vacuum cleaner that the couple was purchasing at a self-check stand when the suspected gunman entered the store. less
Photo: David Zalubowski, AP
Jason Fobb, second from left, comforts his daughter, Angelique, as Fobb’s wife, Marlena, right, embraces her daughter Destiney outside a Walmart store Thursday, Nov. 2, 2017, in Thornton, Colo. The couple was in the store at the self-check stand Wednesday night when a man walked in and opened fire with a handgun, killing several. The suspect was arrested Thursday, about 14 hours after fleeing the store. less
Jason Fobb, second from left, comforts his daughter, Angelique, as Fobb’s wife, Marlena, right, embraces her daughter Destiney outside a Walmart store Thursday, Nov. 2, 2017, in Thornton, Colo. The couple was … more
Photo: David Zalubowski, AP
Marlena Fobb, right, holds her daughter, Destiney, outside a Walmart store Thursday, Nov. 2, 2017, in Thornton, Colo. Marlena Fobb and her husband, Jason, were inside the store Wednesday night when a man walked in and opened fire with a handgun, killing several shoppers. The suspect was arrested Thursday, about 14 hours after fleeing the store. less
Marlena Fobb, right, holds her daughter, Destiney, outside a Walmart store Thursday, Nov. 2, 2017, in Thornton, Colo. Marlena Fobb and her husband, Jason, were inside the store Wednesday night when a man walked … more
Photo: David Zalubowski, AP
Spokesman Blaine Nickerson says he was well-known and respected on campus.
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11:15 a.m.
Neighbors of the man suspected of fatally shooting three people at a suburban Denver Walmart say he was unfriendly and occasionally hostile toward them.
Gerald Burnett says he was sitting on the stairs drinking coffee one morning at his garden-style apartment building in Thornton when Scott Ostrem came down the outdoor stairway. He says Ostrem told him to move and cursed at him.
Teresa Muniz (MUHN’-is) says Ostrem never returned her greetings and once or twice swore at people for sitting in the stairways or leaving laundry in communal machines.
She says she sometimes saw him carrying a bow and set of arrows or a shotgun into or out of his apartment.
She says most people in the building know one another but she never even knew Ostrem’s name until now.
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10:40 a.m.
Police say a man suspected of fatally shooting three people inside a Colorado Walmart has a minor criminal record.
Thornton police spokesman Victor Avila said Thursday that 47-year-old Scott Ostrem had a minor criminal history, but Avila didn’t elaborate.
Court records show a resisting arrest charge against Ostrem was dismissed in 1999.
Court records also show Ostrem filed for Chapter 7 bankruptcy in 2015.
Ostrem was arrested Thursday, about 14 hours after the shooting inside a Walmart in the Denver suburb of Thornton.
Two men died inside the Walmart, and a woman died later at a hospital.
A motive for the shooting was unknown.
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9:45 a.m.
Police say a man suspected of fatally shooting three people inside a suburban Denver Walmart tried to flee officers in his car but was blocked by traffic.
Thornton police spokesman Victor Avila said Thursday that 47-year-old Scott Ostrem was arrested without incident after a brief chase that started near an apartment about 5 miles (8 kilometers) from the Walmart store.
Avila says police went to the apartment and didn’t find Ostrem. But they got an anonymous tip that he was driving in the area and spotted him.
Police took Ostrem into custody after his car was blocked by traffic at an intersection. Avila declined to say if Ostrem was armed.
He says a motive for the shooting is unknown.
Two men died inside the Walmart, which is about 10 miles (16 kilometers) north of Denver in a busy shopping center. A woman died later at a hospital.
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This story has been corrected to show that the tip was that the suspect was driving a car in the area.
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9:20 a.m.
Police say a man suspected of fatally shooting three people inside a suburban Denver Walmart tried to flee officers in his car but was blocked by traffic.
Thornton police spokesman Victor Avila said Thursday that 47-year-old Scott Ostrem was arrested without incident after a brief chase that started at a Thornton apartment.
Avila says police received an anonymous tip that led them to the apartment, which is about 5 miles (8 kilometers) from the Walmart store where the shooting took place late Wednesday.
Police took Ostrem into custody after his car was blocked by traffic at an intersection. Avila declined to say if Ostrem was armed.
He says a motive for the shooting is unknown.
Two men died inside the Walmart, which is about 10 miles (16 kilometers) north of Denver in a busy shopping center. A woman died later at a hospital.
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8:20 a.m.
Police say they’ve arrested a man suspected of walking into a suburban Denver Walmart and immediately opening fire with a handgun, killing two men and a woman Wednesday night.
Thornton police say 47-year-old Scott Ostrem was arrested Thursday morning, about 14 hours after he fled the store in a car. Authorities used security video to help identify him.
Thornton police spokesman Victor Avila said Wednesday night that the shooting appears random and there are no indications that it was an act of terror.
He says the motive is unknown.
Two men died inside the Walmart, which is about 10 miles (16 kilometers) north of Denver in a busy shopping center. The woman died later at a hospital.
_____
6:58 a.m.
Colorado authorities have identified a man who police say nonchalantly walked into a Walmart and immediately opened fire, killing two men and a woman Wednesday night.
Thornton police are searching for 47-year-old Scott Ostrem, who they say fled in a car before officers arrived. Authorities used security video to help identify the suspect.
Thornton police spokesman Victor Avila says the shooting appears to be random and there are no indications that it was an act of terror.
Customers and employees hid or fled toward the exits after gunshots rang out in Thornton, a suburb of Denver. Avila says he doesn’t know how many rounds were fired.
Two men died at the store, and the woman died at a hospital. Authorities did not immediately release any other information about the victims.
___
11:53 p.m.
Colorado authorities are searching for a man who police say nonchalantly walked into a Walmart and immediately opened fire, killing two men and a woman Wednesday night.
Thornton police spokesman Victor Avila says the shooting appears to be random and there are no indications that it was an act of terror.
Customers and employees hid or fled toward the exits after gunshots rang out in Thornton, which is a suburb of Denver. Avila says he doesn’t know how many rounds were fired.
Authorities are reviewing security video to identify the suspect, who fled in a car before officers arrived.
Two men died at the store, and the woman died at a hospital. Authorities did not immediately release any other information about the victims.
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Trump Announces Jerome Powell as New Fed Chairman
November 3, 2017 by admin
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Mr. Trump said that he respected Ms. Yellen and on Wednesday called her “excellent.” The Fed under her leadership has sharply reduced unemployment while maintaining control of inflation, coming as close to achieving its congressional mandate as at any time in its history. But Mr. Trump and his advisers wanted to pick their own Fed chairman.
The position requires Senate confirmation, but Mr. Powell is likely to attract broad support from the Republican majority. He won some Democratic votes when he was confirmed as a Fed governor in 2012, and when he was confirmed again in 2014.
Most expect Mr. Powell to maintain the slow but steady approach that Ms. Yellen has taken in raising rates and unwinding the portfolio of assets that the Fed purchased to boost the economy after the 2008 financial crisis. Mr. Powell remains a centrist voice in the Fed’s internal debates, arguing for the Fed to end its stimulus campaign at a slow and steady pace. Over the last year, that has placed him solidly among the majority led by Ms. Yellen.
“Our view is Powell is the G.O.P. version of Yellen, with the added kicker of wanting to reduce regulation,” said Tom Porcelli, chief United States economist at RBC Capital Markets. He said Mr. Powell was “the easy choice if you want to maintain continuity.”
But some argue that there is more uncertainty surrounding Mr. Powell’s approach than for other recent Fed chairs. Lewis Alexander, chief United States economist at Nomura Securities, said it is unclear how aggressive Mr. Powell would be in responding to an economic slowdown.
“I don’t think it’s right to think of Powell as a Yellen clone,” Mr. Alexander said. “In terms of the core issues of monetary policy, we just don’t have much of a baseline for him.”
Mr. Powell would also be the first Fed chair in four decades who does not have a degree in economics — meaning he lacks a body of academic work that analysts can parse for his views.
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Ms. Yellen’s work on the labor market and former Fed chair Ben Bernanke’s focus on financial crises both gave insight into their leadership at the Fed, said Sarah Binder, a political scientist at George Washington University. But beyond Mr. Powell’s performance as a “loyal lieutenant” to Mr. Bernanke and Ms. Yellen, “we don’t know all that much about any existing priors Powell has about monetary policy,” she said.
As a member of the Fed’s board of governors, Mr. Powell also raised concerns that the Fed was trying too hard to revive economic growth with its massive bond-buying program — calling into question whether he would be as willing as Mr. Bernanke and Ms. Yellen to use such tools again.
The Fed announced in September 2012 that it would launch a third round of bond buying, purchasing $85 billion a month in Treasuries and mortgage-backed securities until economic conditions improved to its satisfaction. The program was backed by Mr. Bernanke, then Fed chair, and Ms. Yellen, then the vice chairwoman, who argued the Fed had not done enough to reduce unemployment.
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A group of three Fed governors, including Mr. Powell, pressed Mr. Bernanke to clarify the Fed’s goals, establishing what Mr. Powell called an “off-ramp” for the program. Jeremy Stein, the Harvard economist who was a governor at the time, described his concerns in public speeches, but Mr. Powell characteristically worked behind the scenes, raising his concerns with Mr. Bernanke in private conversations.
Mr. Bernanke responded by announcing a wind-down plan in May 2013, but fear of a premature retreat caused a “taper tantrum” in financial markets. The Fed ended up continuing the purchases for longer than it had expected.
A survey of 144 investors conducted by Evercore ISI found investors expected that Mr. Powell would push rates modestly higher over time compared to Ms. Yellen.
Coming appointments could also complicate Mr. Powell’s task of forging consensus at the Fed. The president has three more open seats on the board of governors, and may have a fourth if Ms. Yellen decides to step down from her position on the board as she departs as chair. Mr. Trump may decide to appoint John Taylor, a Stanford economist who is among the Fed’s most vocal critics, and who was a top choice for Fed chief along with Mr. Powell.
Mr. Powell may also diverge from his predecessor on financial regulation. In a June appearance before the Senate Banking Committee, Mr. Powell made clear that he did not fully embrace the Trump administration’s plans for significant reductions in regulation, released a few weeks earlier, but said that the Fed’s current rules showed opportunities for improvement.
“I see it is a mixed bag,” he said. “There are some ideas in the report that make sense, maybe not as expressed there, but it would enable us to reduce the cost of regulation without affecting safety and soundness.”
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But, he continued, “There are some ideas that I would not support.”
He could face significant internal pressure, however. Mr. Trump already has chosen Randal K. Quarles, the Fed’s vice chairman of supervision, to lead the push against regulation. The two men were colleagues at the Carlyle Group.
Mr. Powell has expressed support for legislation that would require financial regulators to apply cost-benefit analysis to proposed rules. But he pushed back against proposals to allow large banks to borrow more of their funding, saying that requiring large banks to raise capital from investors had strengthened the financial system.
“I happen to think we’ve gotten it about right,” he said.
Mr. Powell, 64, is a Washington native. He studied politics at Princeton University, then earned a law degree from Georgetown University and embarked on a career in investment banking at Dillon Read and Co.
In 1990, he returned to Washington to work for Treasury Secretary Nicholas Brady. Mr. Powell was named under secretary for finance. When Salomon Brothers was caught in an attempt to manipulate the market in Treasuries, Mr. Powell spent a long August weekend making phone calls from Cape Cod, arranging for the company’s top managers to resign and for Warren Buffett, a major investor, to become chairman of the company’s board.
Under pressure to account for the shortcomings in regulation that had allowed Salomon’s misconduct, Mr. Powell told Congress, “There is no question that it can be improved, and improve it we will.”
Mr. Powell joined the private equity firm Carlyle Group in 1997. Over the next eight years, he solidified his fortune. His 2016 financial disclosure form showed a net worth of as much as $55 million. In 2005, Mr. Powell left the firm to focus on public policy as a scholar at the Bipartisan Policy Center.
He attracted the attention of the Obama administration in 2011, when he worked behind the scenes to convince Congressional Republicans to raise the debt ceiling. The following year, President Obama nominated Mr. Powell to the Fed alongside Mr. Stein, a Democrat. The package deal was meant to attract bipartisan support, and both men were quickly confirmed.
In an interview, Mr. Stein described Mr. Powell as “a determinedly not dogmatic guy.” “He completely checks any kind of ideology at the door,” he said.
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