As the global equity research market continues to wrestle with how they will comply with the European Union's MiFID II regulations, McKinsey & Co. has just penned a new study effectively saying they'll have no choice but to fire a ton of equity research analysts who write a bunch of stuff that no one ever reads...which seems like a reasonable guess. Per Bloomberg:
Via GEFIRA.org,
Less than a month after German Chancellor Angela Merkel warned that “Europe must take its fate into its own hands,” Finance Minister Wolfgang Schaeuble implored US President Donald Trump to reconsider his “America First” policy, claiming that a pullback by the US would risk the destruction of “our liberal world order” by ceding influence to the Chinese and the Russians.
Authored by Brian Cloughley via The Strategic Culture Foundation,
The Science and Security Board of the Bulletin of the Atomic Scientists has warned that the likelihood of a catastrophic nuclear war is closer than since 1953. As explained by the Bulletin, in 1947 it devised the Doomsday Clock «using the imagery of apocalypse (midnight) and the contemporary idiom of nuclear explosion (countdown to zero) to convey threats to humanity and the planet».
Authored by Bethany Allen-Ebrahimian via ForeignPolicy.com,
Declassified documents released last week shed light on the Central Intelligence Agency’s central role in the 1953 coup that brought down Iranian Prime Minister Muhammad Mossadegh, fueling a surge of nationalism which culminated in the 1979 Iranian Revolution and poisoning U.S.-Iran relations into the 21st century.