Prologue Journal – Page 32823 – Understanding current events through the lenses of the past and future.

GCM Grosvenor Invests to Bolster Emerging and Diverse Firms

Wall Street Journal Fund-of-funds pioneer GCM Grosvenor’s top executives say they will direct a significant amount of the firm’s $10 billion in undeployed cash to emerging and diverse managers, where they see a significant potential for big returns. https://www.wsj.com/articles/gcm-grosvenor-invests-to-bolster-emerging-and-diverse-firms-41809179

Dusting Off the Debt-Ceiling Playbook

Wall Street Journal Even with the possibility of default, betting on Treasurys could pay off again. https://www.wsj.com/articles/dusting-off-the-debt-ceiling-playbook-f34a7ad9

Malaysia calls time out on Swatch’s pride collection: ‘No one likes LGBT community’

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Homosexuality remains an incendiary topic in Malaysia, where Muslims account for over 60 per cent of the population. https://www.scmp.com/week-asia/people/article/3221552/malaysia-calls-time-out-swatchs-pride-collection-no-one-likes-lgbt-community?utm_source=rss_feed

Driver Arrested After Truck Rams White House Barriers

Wall Street Journal A U-Haul rental truck appeared to have intentionally hit barriers on the north side of the White House. https://www.wsj.com/articles/driver-arrested-after-truck-rams-white-house-barriers-d1e177c9

Ron DeSantis’s Reality

New York Times The challenges that Gov. Ron DeSantis faces in any presidential run go beyond Donald Trump. https://www.nytimes.com/2023/05/23/briefing/ron-desantis.html

Head of Chinese-owned social media app TikTok ‘confident’ of stopping ban by US state Montana

Hong Kong Free Press By Talek Harris TikTok is confident of stopping a ban in the US state of Montana, its CEO said on Tuesday, after the Chinese-owned social media app launched a legal challenge. File photo: Solen Feyissa, via Flickr. The unprecedented ban, set to start in 2024, is shaping as a test case…

Russians attacked apartment building in Avdiivka with missile: people under rubble

Pravda Ukraine The Russians have once again attacked Avdiivka with missiles, destroying a nine-storey apartment building to the ground. Two people were injured, and more people are trapped under the rubble. Source: Vitalii Barabash, Head of the Avdiivka City Military Administration, on Telegram Quote from Barabash: “Another Russian missile destroyed a residential building in Avdiivka.…

Europe’s Economy Cools Down as Interest-Rate Rises Bite

Wall Street Journal European business activity slowed in May, a sign that rising borrowing costs are taking a toll on economic growth as central banks scramble to tame stubbornly high inflation. https://www.wsj.com/articles/europes-economy-cools-down-as-interest-rate-rises-bite-2532af5c

TPP presidential candidate Ko Wen-je set to visit Tokyo in June

Taipei, May 23 (CNA) Taiwan People’s Party (TPP) founder, chairman and presidential candidate Ko Wen-je (柯文哲) will visit Japan from June 4-8 and meet with high-ranking officials to discuss international and cross-strait affairs, the TPP announced Tuesday. https://focustaiwan.tw/politics/202305230017

Court denies Prince Harry bid to hire police for his security

Washington Post Harry travels with his own security, but he wanted to pay for specially-trained British police when in the country, which the Home Office denied. https://www.washingtonpost.com/world/2023/05/23/prince-harry-police-protection-court/