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Letter 51: Getting to Know (and Appreciate) Rural Australia

Getting to Know (and Appreciate) Rural Australia Damien Cave, our Australia bureau chief, shares insights on Australia, news of the world and reader feedback in this weekly newsletter. Want it by email? Sign up.
I’m in rural Victoria this week reporting on immigration — part of our effort to explore Australia’s multicultural present and future — and I have to say, now I get why so many of you urged me to get out of the cities and into the country.
This isn’t my first trip to regional Australia, and let’s put aside the “real Australia” argument; in my book, cities and towns are both reflections of national character.
But just as dinner parties are different with six guests rather than 60, towns with a few hundred people do have a lot to teach about human interaction and how a country really works.
Continue reading the main story In my experience, towns of the singular — one market, one intersection — tend to produce a few things in abundance. Questions are among t..

Dropbox Shares Leap in I.P.O., and Silicon Valley Smiles

Dropbox Shares Leap in I.P.O., and Silicon Valley Smiles Photo A contingent from Dropbox, including co-founders Drew Houston and Arash Ferdowsi, celebrate while ringing the opening bell at the Nasdaq stock exchange Friday. Shares of Dropbox soared to nearly $30 shortly after trading started. Credit Lucas Jackson/Reuters Dropbox, the file-sharing company and Silicon Valley darling, had a strong market debut Friday, a reassuring sign for the technology industry and for the investors who have billions locked up in other highly valued but privately held start-ups.
Shares of San Francisco-based Dropbox, which had sold 36 million shares at $21 each on Thursday night, rose 36 percent in the first day of trading. That pushed Dropbox’s market value to $11.2 billion, above where it had been valued in the private markets.
The initial public offering arrived at a dicey time. Stock markets have been on a roller coaster, with investors anxious about the threat of inflation, possible trade wars and g..

Missed Connections: Craigslist Drops Personal Ads Because of Sex Trafficking Bill

Missed Connections: Craigslist Drops Personal Ads Because of Sex Trafficking Bill Photo Senator Rob Portman of Ohio was a co-author of the sex trafficking bill, which has raised concerns among some tech companies and rights groups, including the A.C.L.U. and the Electronic Frontier Foundation. Credit Jonathan Ernst/Reuters Looking for love or a “casual encounter”? You’ll have to find it someplace other than Craigslist.
The venerable online classifieds site removed its “personals” section this week, after Congress sent a bill to President Trump aimed at curtailing sex trafficking.
Craigslist, little changed since it unveiled its spare text design in 1995 and began to crush the paid print classifieds business, will no longer offer a way for anonymous people to connect for romance or sex.
While many people used the site to find relationships — one of the discontinued categories is “strictly platonic” — it was no secret that some postings were thinly veiled solicitations for prostitution, ..

A Publicist and D.J. Who Nurtures Underrepresented Artists

Supported by Style A Publicist and D.J. Who Nurtures Underrepresented Artists Photo April Hunt, a D.J. and publicist, before her gig at the Armory Party earlier this month. Credit Caroline Tompkins for The New York Times If you’re out in New York City and spot April Hunt, then congratulations, you’re probably someplace fabulous.
A stylish presence in the city’s art and social justice worlds, Ms. Hunt, 36, weaves a connecting thread among the city’s cultural institutions, media gatekeepers and gifted, if overlooked, artists.
Along with her partner, Paola Zanzo-Sahl, she owns SparkplugPR, a public relations agency that works with underrepresented artists including women, people of color and gender nonconformists.
Ms. Hunt is also a sought-after D.J. on the art and philanthropy circuit (she calls it a “side hustle”), after making her mark at the Fair Trade art parties organized by Derrick Adams and Mickalene Thomas. Gigs include benefits for the Public Art Fund and the High Line, and..

Can Deutsche Bank Be Fixed?: DealBook Briefing

Supported by Can Deutsche Bank Be Fixed?: DealBook Briefing Photo John Cryan, the chief executive Deutsche Bank Credit Daniel Roland/Agence France-Presse — Getty Images Good Tuesday. Here’s what we’re watching:
• So you want to be Deutsche Bank’s next C.E.O…
• Investors are selling tech again.
• Will Wall Street’s top regulator keep going after bad bankers?
• More potential limits on gun sales
• Facebook’s growing political troubles
• Uber’s self-driving travails
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So you want to be Deutsche Bank’s next C.E.O…Imagine you are applying to be the C.E.O. of Deutsche Bank now that it’s reportedly seeking a successor to John Cryan, the bank’s current chief.
You survey the bank’s numbers to get a sense of the opportunities and challenges you’d face.
Staring you in the face is the stock price, down nearly 30 percent this year. Ugly, but it could be a good entry point. It gives you time to try out some tough measures aimed at improving D..

US firm CME makes £3.9bn bid for London-listed NEX Group

The combined group will be based in Chicago but maintain a European base in London, if the deal goes ahead
US exchange CME has agreed a £3.9bn deal to buy Michael Spencer’s NEX Group following weeks of talks.
Under the terms of the acquisition, CME will pay £10 for each NEX share, in the form of £5 in cash and 0.0444 new CME shares. NEX, formerly known as Icap, has recommended the offer to shareholders.
Read more CME Group plans buyout of Michael Spencer's NEX If the deal goes ahead, Mr Spencer will join the CME board to remain with the combined group as a special adviser. NEX’s headquarters will be joined with CME’s head office in Chicago, with the new firm also maintaining European HQ in London.
CME boss Terry Duffy said the deal would “allow us to create significant value and efficiencies for our clients globally”.
“Michael Spencer and his senior leadership team have built a world-class organisation that is at the center of capital markets. We are committed to mainta..

UK house price growth slows to seven-month low, Nationwide data shows

London was the weakest performing region, with house prices down 1 per cent compared to the same month a year ago
UK house prices rose at their slowest pace in seven months in March, underscoring bruised consumer confidence, according to mortgage provider Nationwide.
Average prices rose by 2.1 per cent this month on an annual basis, which was down from a 2.2 per cent increase recorded in February and represented the lowest rise since August last year.
London was the weakest performing region, with house prices down 1 per cent compared to the same month a year ago, Nationwide said. The capital also remained the most expensive region. Home ownership in the city is now at 47 per cent, down from 57 per cent a decade ago.
Read more UK house prices fall in February for first time since last May “On the surface, the relatively subdued pace of house price growth appears at odds with recent healthy rates of employment growth, a modest pick-up in wage growth and historically low borrowing..