Afternoon Update: 10 Years After Katrina

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10 Years After Katrina

The New Orleans of 2015 has been altered, and not just by nature. In some ways, it is booming as never before. In others, it is returning to pre-Katrina realities of poverty and violence, but with a new sense of dislocation for many, too.

A trader on the floor of the New York Stock Exchange on Wednesday. In the coming weeks, economists will be poring over data to assess whether the tumult in financial markets is weighing on investment decisions and consumer spending.

U.S. Stock Markets Rally as Global Indexes Show Signs of Stability

By PETER EAVIS, NEIL GOUGH and DAVID JOLLY

The major American indexes are higher in midafternoon trading after big swings dominated trading of stocks in Shanghai.

A gunman killed a reporter and photographer for a CBS affiliate in Virginia in a shooting that was broadcast live Wednesday morning. Alison Parker and Adam Ward, a reporter and cameraman for CBS Roanoke affiliate WDBJ-TV, died in the shooting.

Bryce Williams, Virginia Shooting Suspect, Dies

By HAWES SPENCER, KATIE ROGERS, ALAN BLINDER and RICHARD PÉREZ-PEÑA

Alison Parker, a reporter for WDBJ7, and Adam Ward, a photographer, were killed as they reported from a mall on live TV. The suspect was a former colleague.

Judge John Gleeson, a federal jurist in Brooklyn, has in some cases urged prosecutors to drop charges so that mandatory minimum sentences would not pile up for defendants.

From the Bench, a New Look at Punishment

By STEPHANIE CLIFFORD

Some federal judges are questioning minimum sentences and giving fresh consideration to expunging convictions that they say are holding defendants back.

Owen Labrie testified at his trial in Merrimack Superior Court in Concord, N.H., on Wednesday.

St. Paul’s Student Takes the Stand, Denying Rape

By JESS BIDGOOD

Owen Labrie painted an upbeat self-portrait in his testimony, highlighting his achievements and plans to attend Harvard that stood in contrast to sexual messages read out in court.

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Editors’ Picks
Larry King with his wife, Shawn King, at their home in Beverly Hills.

MAGAZINE | Feature

Larry King Is Preparing for the Final Cancellation

By MARK LEIBOVICH

Five years after CNN pulled the plug on his show, the TV host is thinking about whom he’ll book for his funeral.

The latest record by Keith Richards, now 71, is his first solo outing in 23 years.

ARTS

Keith Richards on ‘Crosseyed Heart': It’s Solo Rock ‘n’ Roll, but He Likes It

By JON PARELES

Mr. Richards, at 71, reflects on age, the Rolling Stones and “Crosseyed Heart," his first solo album in 23 years.

Today’s Video

Video Video: Trump’s Troubles With Hispanic TV Journalists

From the beginning, Spanish-language TV has been covering Donald J. Trump’s presidential campaign more critically than the mainstream news media, especially after his remarks on immigrants.

Vultures picked apart the carcass of a recently killed wildebeest at the Masai Mara Reserve in Kenya.

Video Video: Vultures Face Own Death

Across East Africa, vulture populations have been decimated by poaching, poisoning and other human interventions.

Socrates Sculpture Park in Queens. Lonely Planet named the borough the No. 1 United States tourist destination of 2015.

Video Video: Queens: The Next Tourist Destination

Lonely Planet named Queens the No. 1 United States tourist destination of 2015. Residents and business owners wonder if the borough can become more than just a day trip from Manhattan.

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Business
Waiting for customers at a Rolex store in the Causeway Bay section of Hong Kong. Spending on luxury goods in China contracted 1 percent last year, to about $18 billion.

As Stocks Fall, China’s Big Spenders Pull Back

By HIROKO TABUCHI and AMIE TSANG

China’s upper crust represents as much as a third of global luxury spending. The tumult in China’s financial markets is denting that, leaving retailers anxious.

As Markets Flail, China Investigates Large Brokerage Firms

By NEIL GOUGH

The two inquiries appear aimed at bolstering investors’ confidence, differing from past investigations used to help tamp down frothy markets.

William C. Dudley, the influential president of the Federal Reserve Bank of New York, said the case for a September hike had become

Chief of New York Fed Bank Dudley Sees Less Chance of September Rate Rise

By BINYAMIN APPELBAUM

Mr. Dudley said the case for an interest rate increase next month had become “less compelling."

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