prologu5 – Page 38789 – Prologue Journal

Under-threat Hong Kong school barred from setting up private Primary One classes despite alumni vow to raise HK$3 million to fund scheme

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Former pupils of Po Yan Oblate Primary School in Wong Tai Sin say they are poised to start raising cash to save school, but plan blocked by education chiefs. https://www.scmp.com/news/hong-kong/education/article/3221452/under-threat-hong-kong-school-barred-setting-private-primary-one-classes-despite-alumni-vow-raise?utm_source=rss_feed

China firms plagued by payment delays, with big cash-flow risks, survey finds

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. China’s construction sector reported the longest payment delays in 2022, even as Beijing eased restrictions on financing for the sector following a years-long crackdown, Coface report says. https://www.scmp.com/economy/china-economy/article/3221440/china-firms-plagued-payment-delays-big-cash-flow-risks-survey-finds?utm_source=rss_feed

China must protect its private economy to solve its youth unemployment crisis

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. While China’s latest youth unemployment rate is comparable to global figures, it is particularly concerning given the country’s unique demographic structure. https://www.scmp.com/comment/opinion/article/3221381/china-must-protect-its-private-economy-solve-its-youth-unemployment-crisis?utm_source=rss_feed

‘Die Zauberflöte’ Review: The Met Humanizes Mozart’s Fantasy

Wall Street Journal Simon McBurney’s production of “The Magic Flute” at the Metropolitan Opera is an unusually nuanced yet still playful rendition of the fairy tale. https://www.wsj.com/articles/die-zauberflote-review-the-met-humanizes-mozarts-fantasy-c84dabba

Authorities announce evacuation from border area in Sumy Oblast: Russians intensified attacks

Pravda Ukraine The authorities of Sumy Oblast have announced the evacuation of people from the border hromadas of the Okhtyrka district due to intensified attacks from the Russian Federation. [a hromada is an administrative unit designating a town, village or several villages and their adjacent territories – ed. https://www.pravda.com.ua/eng/news/2023/05/23/7403396/

Australia Shares Poised for Uncertain Start

Wall Street Journal Australia’s S&P/ASX 200 looks set for an uncertain start amid a mixed lead from U.S. equities. https://www.wsj.com/articles/australia-shares-poised-for-uncertain-start-c870c394

Supreme Court Declines to Take Up Solvent Companies’ Appeal of Chapter 11 Penalties

Wall Street Journal The high court left untouched two appellate rulings ordering solvent companies to pay premiums and interest to creditors despite filing for chapter 11. https://www.wsj.com/articles/supreme-court-declines-to-take-up-solvent-companies-appeal-of-chapter-11-penalties-a27d1946

US Treasury chief still thinks it’s possible to default as early as June 1

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. According to Janet Yellen, she has repeatedly warned that if Congress fails to raise the federal borrowing limit, it would lead to “economic and financial catastrophe” for the US https://tass.com/economy/1621459

Corrections & Amplifications

Wall Street Journal Corrections & Amplifications for the edition of May 23, 2023 https://www.wsj.com/articles/corrections-amplifications-cc4a522f

Why Cancer Drugs Are Being Rationed

Wall Street Journal The government squeeze on generic profits is leading to shortages. https://www.wsj.com/articles/drug-shortages-price-controls-government-fda-white-house-cancer-treatments-b2d08ba4