News in Systemic Risk: Friday, May 5, 2023 (10:00 a.m. ET) May 5, 2023 Closing gaps to bend the trend: embedding the flow of finance in the transition (Frank Elderson; European Central Bank) China's local-debt crisis is about to get nasty (The Economist) Wall Street Is Getting More Worried About the Debt Ceiling (Alex Harris; Bloomberg) Pollution Reveals What Russian Statistics Obscure: Industrial Decline (Josh Zumbrun; Wall Street Journal) Related Stories Going Beyond Buzzwords at the Yale Blockchain Conference Students Get an Early Start Serving as Nonprofit Board Members Prof. William Goetzmann Receives Inaugural Seiler Behavioral Research Commendation