Headlines Discussed at LNWM’s Monday Morning Briefing

• Switzerland narrowly voted to set immigration quotas; ~25% of population are immigrants.
• Barclays plans to lay off 12,000 employees this year (8.6% of its workforce), as part of a reorganization.
• U.S. winter storms resulted in more than 75,000 canceled flights, a 25-year record.
• Australia’s unemployment rate hit 6.0% – the highest in more than 10 years.
• Italy’s Prime Minister resigned, clearing the way for the formation of a new government.

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