
A new midtown shop is putting pizza on a flattened bagel—and we're into it
Step aside, pizza bagels. There's a new carb hybrid in town, and it's taking things to the next schmear.
Bagizza, opening May 15 on the corner of Madison Avenue and East 49th Strett, is billing itself as NYC's first-ever "pizza flagel" shop. That's right: pizza on a flattened, hand-rolled bagel, made from cold-fermented dough and finished in a wood-fired stone oven. Call it a culinary identity crisis, but with garlic béchamel and bacon kimchi jam involved, we're not mad about it.
The brainchild of restaurateur Michael Park, bagel savant Alex Baka and Chef Steven Cho (of Kappo Masa and Chefs Club pedigree), Bagizza brings together Montreal-New York hybrid bagel dough with globally inspired pizza toppings. These aren't your dorm-room pizza bagels—they're sheeted dough flagels made from a triple-cooked, kettle-baked base and layered with premium ingredients like Calabro mozzarella, house-cured ham and broccolini pesto.
The toppings list reads like a trip around the world: try shrimp toast with curry mayo and chives, caponata with eggplant and honeyed chili or an artichoke number with Yukon golds and anchovy. Fancy a custom creation? Spread on one of their chef-y schmears, from dill-and-smoked salmon to cinnamon-honey butter.
Bagizza's dough whisperer, Alex Baka, is a second-generation bagel roller who has hand-rolled more than 25 million bagel rounds over his career (yes, million). His bagels aren't just food—they're works of fermentation art. And the shop's broader menu is a serious upgrade from your usual corner deli, with braised short ribs, house-smoked meats and a coffee-and-juice bar slinging Colombian drip and açai bowls.
The 3,400-square-foot space is built for midtown's hustle—there's grab-and-go options, open-kitchen bagel watching and sleek seating if you're lingering. It's also open 24/7, because nothing says New York like craving a pizza flagel at 3am on a weekday.

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Reuters
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Focus: US importers turn to brokers to navigate Trump-era tariffs, at a cost
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Independent brokers like Laredo, Texas-based JD Gonzalez are fielding dozens of questions daily from concerned clients struggling to understand what they may owe to U.S. Customs and Border Protection, and whether to go ahead with shipments or hold off. Brokers are also spending more time and labor on customs forms than ever, and have in some cases implemented new IT systems. 'With all the new information we have to process, some of the automation we've used has been thrown out, so there's more work to do,' said JD Gonzalez, who is also president of custom brokerage trade group NCBFAA. The trend is part of a broader wave of corporate efforts to bolster trade compliance operations. Major companies, from Nike (NKE.N), opens new tab to Amazon (AMZN.O), opens new tab to Lowe's (LOW.N), opens new tab, had published job postings as of Wednesday for trade and customs professionals. Nike was seeking a 'lead' for trade and customs, who would 'play a pivotal role in shaping the future of our trade compliance framework,' according to the post on Nike's careers website. Amazon, meanwhile, had at least 10 U.S. customs brokerage jobs listed on its careers website. Lowe's had three. Nike, Amazon and Lowe's did not respond to requests for comment. Independent brokers often base their fees on the number of codes they must enter to classify the contents of a given shipment. Known as harmonized tariff schedule codes, these line items help border officials distinguish car parts from children's toys, and determine proper tariff rates. Prior to Trump's frenetic tariff policies, fees ranged from around $4 to $7 per code. But Gonzalez said the extra costs brokers have incurred as they ramp up systems to handle the tariff changes have led some to increase fees by $1 to $5 per code. 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Reuters
2 hours ago
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When it comes to a U.S. debt default, never say never
NEW YORK, June 11 - 'The United States of America is never going to default, that is never going to happen,' said U.S. Treasury Secretary Scott Bessent on June 1. History suggests that, when it comes to defaults, politicians should never say never. Bessent's comment was intended to reassure market participants following a sharp run-up in long-term Treasury yields and a Moody's downgrade of U.S. federal government debt. But the very fact that Bessent thought it necessary to reassure prospective Treasury bond buyers on this point probably gave them pause. It is certainly not unheard of for a Treasury Secretary to raise the topic of default. For example, in 2023 Janet Yellen said that the U.S. should never default on its debt. The consequence of such an event, she warned, would be 'an economic and financial catastrophe.' A default by the U.S. government would also shatter precedent, according to the former Treasury Secretary. As she put it, 'Since 1789, the United States has paid all our bills on time.' Or so she claimed. But in reality, the country's record on meeting its financial commitments is not quite so immaculate. Here are a few instances over the past two and a half centuries when the U.S. government did not quite deliver what it promised. In 1814, the financial burden of the war with Great Britain prevented the Treasury from scrounging up enough cash to service its debts. 'The dividend on the funded debt has not been punctually paid,' Alexander J. Dallas, the sixth U.S. Treasury Secretary, acknowledged. 'A large amount of Treasury notes has already been dishonored.' In 1862, the costs of fighting a war once again strained the U.S. Treasury. In response, the government paid its bills by printing pure paper money, so-called 'greenbacks,' at a time when the dollar was still legally pegged to gold. During the Civil War, the greenback depreciated sharply versus gold whenever the Union army suffered a setback. And then there was the abrogation of the gold clause. Up until Franklin D. Roosevelt's presidency, Treasury bonds were sold with a contractual clause stating that holders could demand payment in gold. However, a joint resolution of Congress revoked that clause on June 5, 1933, and the Supreme Court upheld the Congressional action on dubious legal grounds. There have been a few other instances, including the government's refusal to redeem 'silver certificates' for the precious metal beginning in 1963 and a computer glitch in 1979 that caused promised payment to be delayed. The mistaken belief in a spotless U.S. credit record is unsurprising given widespread misconceptions about sovereign debt. 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