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UK Economy Watch: Bank of England Predicts UK Economy Will Avoid Recession for Now (Bloomberg UK)
Hope for falling prices: The Bank of England raised rates by a quarter point to 4.25% Thursday and expects price growth to cool sharply in the coming months, with the extension of more generous government energy support and continued falls in gas prices that will drag down inflation from double digits.
Repeat of Bank Crisis Unlikely: British Central Bank Chief Andrew Bailey Says Global Banks More Robust Than 2008 (Bloomberg UK)
Power Play: Consumers Foot the Bill for Traders 'Manipulating' UK Energy Market (Bloomberg UK)
Some of the UK’s biggest energy companies have received £525 million/$641 million from a practice that regulators say drives prices higher. Traders have frequently announced they would cut off electricity capacity ahead of the busiest evening periods while at the same time offering power from their plants in a special side market, where they charged higher prices to meet the shortfalls they helped create.
Bolstering Ukraine's Defenses: Ukrainian Soldiers Studying in Oklahoma Master Patriot Air Defense System Faster Than Expected (Politico)
The Ukrainian trainees at an Oklahoma army base, who range in age from 19 to 67, are combat veterans with experience using their own air defense systems against Russian threats. After a certain point, the trainees had mastered the training so well they were even were able to design their own scenarios based on the tactics they know the Russians use in combat.
Officials at the Fort Sill, Oklahoma US Army base said they were impressed with the Ukrainians’ hard work and dedication. And added the Ukrainians only had one special request after they arrived: more soup options on the base's menus.
If Only They Cared This Much About Gun Violence: US Lawmakers Grill TikTok CEO on Safety of App (Bloomberg)
During a heated hearing on Capitol Hill on Thursday, one Republican Congressman who has an A rating from the National Rifle Association told the TikTok CEO that “Your technology is literally leading to death.” Another Florida Republican representative who has been endorsed by the NRA played a TikTok video showing a gun that threatened the Energy & Commerce Committee. (It’s now been taken down.) Don't they see the hypocrisy?
Colorado Moms Mobilize: After Third Shooting at a Denver High School in a Year, Gun Safety Advocates Demand Change (ABC Denver)
Protecting Women's Rights: Maryland Governor Wes Moore Says Abortion Access is Economic Issue (Bloomberg)
In an interview this week with Bloomberg News, Maryland Governor Wes Moore said, "Reproductive freedom and family planning is actually an important component to economic growth and an economic agenda as well."
Historic Step: Australia to Hold National Vote on Adding Indigenous Advisory Group to Parliament (Bloomberg)
Reminder for UK and Europe: Clocks Move Forward One Hour Sunday with Brighter, Longer Days Coming Soon (Time Out)
NYC Dining Guide: Four Restaurants You Can't Miss (Sheekey Daily)
Our colleague Irene Pistorino is one of my top 'go-to' sources for restaurant tips in New York. Exclusively for Daily Read readers, here are four of her 'don't miss' options:
Bad Roman (Columbus Circle); Veronika (Park Avenue South); Cucina Alba (Chelsea); Tokyo Record Bar (The Village). Click
here
to read more about them as well as tips on how to score a table at the impossible-to-reserve Bad Roman and other NYC restaurants.
Pickleball Mania Coming to Central Park: NYC's Wollman Rink Opens April 7 with 14 Pickleball Courts (Bloomberg)
The Central Park complex is installing 14 pickleball courts for six months starting April 7, with play costing $120 an hour during peak times and $80 off-peak.
While the Wollman courts will be mostly for amateur play - including free access for several nonprofits like the Boys’ Club of New York - there are plans to showcase Major League Pickleball. Over the summer, there will be exhibition matches featuring top players in the league, likely featuring athletes from New York area teams such as the Brooklyn Aces and the New York Hustlers. Click here to read about more details of the new rinks on the Bloomberg Terminal.
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