:root{--navy:#0b213b;--navy2:#122f4e;--red:#a62532;--ink:#27384d;--muted:#687789;--paper:#fbfaf7;--soft:#f1f0ec;--line:#d9dde2;--black:#171717;--white:#fff;--serif:Georgia,"Times New Roman",serif;--sans:Arial,Helvetica,sans-serif}
*{box-sizing:border-box}html{scroll-behavior:smooth}body{margin:0;background:var(--paper);color:var(--ink);font:16px/1.62 var(--sans);-webkit-font-smoothing:antialiased}.shell{width:min(1120px,calc(100% - 48px));margin-inline:auto}.site-header{position:sticky;top:0;z-index:20;background:var(--black);border-bottom:1px solid #343434}.nav{min-height:76px;display:flex;align-items:center;justify-content:space-between;gap:28px}.brand{display:flex;align-items:center;gap:13px;color:#fff;text-decoration:none;font:700 23px/1 var(--serif);white-space:nowrap}.brand img{width:43px;height:49px;object-fit:contain;background:#fff;border-radius:2px;padding:2px}.nav-links{display:flex;align-items:center;gap:26px}.nav-links a{color:#d5d5d5;text-decoration:none;font-size:14px}.nav-links a:hover,.nav-links a[aria-current=page]{color:#fff}.hero{padding:108px 0 100px;background:linear-gradient(115deg,#08192e 0%,#11304f 66%,#721c26 145%);color:#fff}.hero-inner{padding-right:8%}.hero h1{max-width:920px;margin:0;font:700 clamp(50px,7vw,84px)/1.01 var(--serif);letter-spacing:-.045em}.hero-copy{max-width:760px;margin:27px 0 0;color:#dbe4ed;font-size:21px;line-height:1.55}.button{display:inline-block;margin-top:30px;padding:14px 20px;background:var(--red);color:#fff;text-decoration:none;font-weight:700}.eyebrow{margin:0 0 13px;color:var(--red);font-size:12px;font-weight:700;letter-spacing:.17em;text-transform:uppercase}.eyebrow.light{color:#e8b8bd}h2{margin:0;color:var(--navy);font:700 clamp(34px,4vw,50px)/1.08 var(--serif);letter-spacing:-.028em}h3{margin:0;color:var(--navy);font:700 22px/1.22 var(--serif)}p{margin-top:0}.section{padding:82px 0;border-bottom:1px solid var(--line)}.section.compact{padding:68px 0}.section-heading{max-width:890px}.section-heading.narrow{max-width:720px}.intro{max-width:860px;margin:18px 0 0;font-size:18px}.principles{display:grid;grid-template-columns:repeat(4,1fr);gap:20px;margin-top:38px}.principles article{padding:28px 24px 26px;background:#fff;border-top:4px solid var(--red);box-shadow:0 8px 24px #10243f0f}.principles article>span,.service-grid article>span{display:block;margin-bottom:12px;color:var(--red);font:700 12px var(--serif);letter-spacing:.09em}.principles h3{font-size:20px}.principles p,.service-grid p{margin:9px 0 0}.navy{background:var(--navy);color:#fff;border-color:#ffffff18}.navy h2,.navy h3{color:#fff}.navy .intro{color:#d8e2ec}.service-grid{display:grid;grid-template-columns:1fr 1fr;gap:1px;margin-top:38px;background:#ffffff22;border:1px solid #ffffff22}.service-grid article{padding:30px;background:var(--navy2)}.service-grid article>span{color:#e8b8bd}.service-grid p{color:#d3dde7}.about-lead{display:grid;grid-template-columns:.8fr 1.2fr;gap:70px;align-items:end}.about-lead>p{max-width:690px;margin:0;font-size:19px}.metrics{display:grid;grid-template-columns:repeat(4,1fr);gap:16px;margin-top:38px}.metrics div{padding:27px 24px;background:var(--navy);color:#fff;border-left:5px solid var(--red)}.metrics strong{display:block;font:700 39px/1 var(--serif)}.metrics span{display:block;margin-top:10px;color:#d7e1eb;font-size:11px;letter-spacing:.12em;text-transform:uppercase}.soft{background:var(--soft)}.split-cards{display:grid;grid-template-columns:1fr 1fr;gap:26px}.split-cards article{padding:32px;background:#fff;border-left:4px solid var(--red)}.split-cards h3{font-size:25px}.split-cards article>p:last-child{margin:12px 0 0}.throughline{max-width:920px}.throughline .intro{max-width:820px}.education{padding-top:66px;padding-bottom:70px}.education h2{font-size:clamp(32px,3.6vw,44px)}.schools{max-width:950px;margin-top:28px;border-top:1px solid var(--line)}.schools>div{display:grid;grid-template-columns:minmax(300px,.9fr) 1.1fr;gap:44px;align-items:center;min-height:74px;padding:14px 0;border-bottom:1px solid var(--line)}.schools h3{font-size:19px}.schools p{margin:0;color:#40516a;font-size:15px}.resource-row{display:grid;grid-template-columns:1.2fr .8fr;gap:72px;align-items:start}.resource-row aside{padding:30px;background:#fff;border-top:4px solid var(--red)}.resource-row aside p{margin:10px 0}.resource-row aside a{color:var(--red);font-weight:700;text-decoration:none}.contact-grid{display:grid;grid-template-columns:1.1fr .9fr;gap:72px}.contact-details{padding:30px;border-left:5px solid var(--red);background:var(--navy2)}.email{display:inline-block;margin-top:8px;color:#f0b7bd;font:700 21px var(--serif)}.contact-details p{margin:17px 0 0;color:#d3dde7}.site-end{background:var(--navy);color:#fff;border-top:6px solid var(--red)}.closing{display:flex;align-items:baseline;justify-content:space-between;gap:48px;padding:34px 0 30px}.closing h2{max-width:740px;color:#fff;font-size:clamp(27px,3vw,36px)}.closing p{max-width:340px;margin:0;color:#d7e1eb;font-size:14px}footer{background:var(--black);border-top:1px solid #ffffff24;color:#aaa;font-size:13px}footer .shell{display:flex;justify-content:space-between;padding-top:18px;padding-bottom:18px}footer p{margin:0}.subhero{padding-top:92px;padding-bottom:86px}.work-intro{display:grid;grid-template-columns:.8fr 1.2fr;gap:70px;align-items:start}.work-intro>p{margin:8px 0 0;font-size:18px}.cases-section{padding-top:76px}.case-list{margin-top:24px}.case-list article{display:grid;grid-template-columns:220px 1fr;gap:48px;padding:36px 0;border-top:1px solid var(--line)}.case-list article:last-child{border-bottom:1px solid var(--line)}.case-meta>span{color:var(--red);font:700 13px var(--serif);letter-spacing:.12em}.case-meta small{display:block;margin-top:8px;color:var(--muted);font-size:11px;font-weight:700;letter-spacing:.11em;text-transform:uppercase}.case-list h3{font-size:clamp(27px,3vw,38px)}.case-list article>div:last-child>p{max-width:790px;margin:13px 0 0}.tags,.structure-list{display:flex;flex-wrap:wrap;gap:8px;margin-top:18px}.tags span{padding:7px 10px;background:#eceff2;color:#40516a;font-size:12px;font-weight:700}.structure-list span{padding:9px 12px;background:#ffffff12;border:1px solid #ffffff23;color:#e3eaf1;font-size:12px;font-weight:700}.disclosure{padding:28px 0;color:var(--muted);font-size:12px}
@media(max-width:900px){.nav-links{gap:14px}.principles{grid-template-columns:1fr 1fr}.about-lead,.work-intro{grid-template-columns:1fr;gap:22px}.metrics{grid-template-columns:1fr 1fr}.case-list article{grid-template-columns:170px 1fr;gap:30px}}
.metrics{grid-template-columns:repeat(4,minmax(0,1fr))}
@media(max-width:900px){.metrics{grid-template-columns:repeat(2,minmax(0,1fr))}}
@media(max-width:520px){.metrics{grid-template-columns:1fr}}
@media(max-width:720px){.nav{min-height:70px}.brand{font-size:21px}.brand img{width:38px;height:44px}.nav-links{display:none}.hero{padding:78px 0 74px}.hero-copy{font-size:18px}.section{padding:62px 0}.service-grid,.split-cards,.resource-row,.contact-grid{grid-template-columns:1fr}.resource-row,.contact-grid{gap:32px}.schools>div{grid-template-columns:1fr;gap:3px;align-items:start;padding:15px 0}.case-list article{grid-template-columns:1fr;gap:14px}.closing{display:block}.closing p{margin-top:11px}}
@media(max-width:520px){.shell{width:calc(100% - 30px)}.principles,.metrics{grid-template-columns:1fr}.principles{gap:14px}.service-grid{gap:1px}.metrics div{padding:23px}.section.compact{padding:54px 0}footer .shell{display:block}footer p+p{margin-top:4px}}

/* Preserve the approved Google-site visual language. */
:root{--navy:#071a37;--red:#a20a0a;--paper:#fff;--black:#071a37}
.site-header{background:var(--navy);border-color:#ffffff22}
.brand img{border-radius:0}
.nav-links{gap:30px}
.nav-links a{color:#e3e7ee;font-size:15px}
.nav-links a[aria-current=page]{font-weight:700}
.menu-toggle{display:none;width:44px;height:44px;padding:10px;border:1px solid #ffffff55;background:transparent;border-radius:3px;cursor:pointer}
.menu-toggle span{display:block;height:2px;margin:5px 0;background:#fff}
.hero{padding:18px 0 88px;background:linear-gradient(90deg,#06152f99,#06152f22),url('her4-hero.png') center/cover no-repeat}
.hero-inner{padding:0}
.hero-frame{margin:0 auto;padding:58px 48px 62px;border:7px solid #fff;text-align:center}
.hero h1{max-width:970px;margin:0 auto;font-size:clamp(50px,7vw,82px);line-height:1.04}
.brand-line{background:#e8e6e2}
.brand-line .shell{padding-top:38px;padding-bottom:38px}
.brand-line p{margin:0;color:var(--red);font:italic clamp(34px,4vw,52px)/1.15 var(--serif)}
@media(max-width:720px){.hero{padding:12px 0 52px}.hero-frame{padding:42px 20px 46px;border-width:5px}.brand-line .shell{padding-top:28px;padding-bottom:28px}}
.education{padding-top:52px;padding-bottom:54px}
.education-summary{display:grid;grid-template-columns:repeat(3,1fr);gap:32px;max-width:1040px;margin:28px 0 0}
.education-summary p{margin:0;padding-left:18px;border-left:3px solid var(--red);color:#40516a;font-size:17px;line-height:1.45}
.education-summary strong{display:block;margin-bottom:7px;color:var(--navy);font:700 19px/1.3 var(--serif)}
.education-summary span{display:block}
@media(max-width:720px){.education-summary{grid-template-columns:1fr;gap:22px}.education-summary p{padding-left:15px}}
@media(max-width:720px){.nav{flex-wrap:wrap;padding:10px 0}.menu-toggle{display:block}.nav-links{display:none;width:100%;padding:8px 0 14px;border-top:1px solid #ffffff22;flex-direction:column;align-items:stretch;gap:0}.nav.menu-open .nav-links{display:flex}.nav-links a{display:block;padding:12px 4px;font-size:17px}.site-header{position:sticky}.hero{scroll-margin-top:70px}}
.case-index{display:grid;grid-template-columns:repeat(4,1fr);gap:1px;margin-top:34px;background:var(--line);border:1px solid var(--line)}
.case-index a{min-height:120px;padding:21px 18px;background:#fff;color:var(--navy);text-decoration:none}.case-index small{display:block;color:var(--red);font-weight:700;letter-spacing:.12em}.case-index strong{display:block;margin-top:9px;font:700 19px/1.2 var(--serif)}
.study{padding:72px 0;border-bottom:1px solid var(--line);scroll-margin-top:78px}.study:nth-of-type(even){background:var(--soft)}.study-head{display:grid;grid-template-columns:210px 1fr;gap:54px}.study-number{color:var(--red);font:700 13px var(--serif);letter-spacing:.14em}.study-kicker{display:block;margin-top:8px;color:var(--muted);font-size:11px;font-weight:700;letter-spacing:.11em;text-transform:uppercase}.study h2{font-size:clamp(34px,4vw,48px)}.study-deck{max-width:850px;margin:15px 0 0;font-size:19px;color:#40516a}.study-grid{display:grid;grid-template-columns:1fr 1fr;gap:28px 48px;margin:34px 0 0 264px}.study-block{border-top:2px solid var(--navy);padding-top:17px}.study-block h3{font-size:18px}.study-block p{margin:9px 0 0}.study-result{grid-column:1/-1;padding:24px 26px;background:var(--navy);color:#fff;border-left:5px solid var(--red)}.study-result h3{color:#fff}.study-result p{margin-bottom:0;color:#dbe4ed}.source-note{margin:23px 0 0 264px;color:var(--muted);font-size:12px}.metric-band{display:grid;grid-template-columns:repeat(3,1fr);gap:1px;margin-top:36px;background:#ffffff22;border:1px solid #ffffff22}.metric-band div{padding:28px;background:var(--navy2)}.metric-band strong{display:block;color:#fff;font:700 34px/1 var(--serif)}.metric-band span{display:block;margin-top:9px;color:#d5e0ea;font-size:11px;letter-spacing:.1em;text-transform:uppercase}.experience-grid{display:grid;grid-template-columns:1fr 1fr;gap:24px;margin-top:34px}.experience-card{padding:30px;background:#fff;border-top:4px solid var(--red);box-shadow:0 8px 24px #10243f0d}.experience-card h3{font-size:25px}.experience-card .period{margin:5px 0 16px;color:var(--red);font-size:11px;font-weight:700;letter-spacing:.1em;text-transform:uppercase}.experience-card ul{margin:0;padding-left:20px}.experience-card li+li{margin-top:8px}.transaction-table{width:100%;margin-top:30px;border-collapse:collapse;background:#fff}.transaction-table th,.transaction-table td{padding:14px 13px;border-bottom:1px solid var(--line);text-align:left;vertical-align:top}.transaction-table th{background:var(--navy);color:#fff;font-size:11px;letter-spacing:.08em;text-transform:uppercase}.transaction-table td{font-size:14px}.transaction-table tr:nth-child(even) td{background:var(--soft)}
@media(max-width:900px){.case-index{grid-template-columns:1fr 1fr}.study-head{grid-template-columns:150px 1fr;gap:28px}.study-grid,.source-note{margin-left:178px}.experience-grid{grid-template-columns:1fr}.transaction-wrap{overflow-x:auto}}
@media(max-width:720px){.case-index{grid-template-columns:1fr}.case-index a{min-height:auto}.study{padding:56px 0}.study-head{grid-template-columns:1fr;gap:12px}.study-grid{grid-template-columns:1fr;margin-left:0}.source-note{margin-left:0}.metric-band{grid-template-columns:1fr}.transaction-table{min-width:760px}}
.published-research{padding:86px 0 78px;background:var(--navy);color:#fff;border-top:7px solid var(--red)}
.research-heading{display:grid;grid-template-columns:1fr 1fr;gap:72px;align-items:end}.research-heading h2{color:#fff}.research-heading>p{margin:0;color:#d8e2ec;font-size:17px}.research-calls{display:grid;grid-template-columns:1fr 1fr;gap:22px;margin-top:42px}.research-call{padding:31px 30px 28px;background:#fff;color:var(--ink);border-top:5px solid var(--red);box-shadow:0 14px 32px #0002}.research-feature{grid-column:1/-1}.research-meta{display:flex;align-items:center;justify-content:space-between;gap:18px}.research-meta span{color:var(--red);font-size:12px;font-weight:800;letter-spacing:.15em}.research-meta small{color:var(--muted);font-size:12px}.research-call h3{margin-top:15px;font-size:29px}.research-thesis{margin:12px 0 0}.research-numbers{display:grid;grid-template-columns:repeat(3,1fr);gap:1px;margin-top:24px;background:var(--line);border:1px solid var(--line)}.research-numbers div{padding:17px 13px;background:var(--soft)}.research-numbers strong{display:block;color:var(--navy);font:700 25px/1 var(--serif)}.research-numbers span{display:block;margin-top:8px;color:var(--muted);font-size:10px;font-weight:700;line-height:1.35;letter-spacing:.07em;text-transform:uppercase}.research-outcome{margin:20px 0 0;padding-top:17px;border-top:1px solid var(--line);color:var(--navy);font-weight:700}.large-cap-feature{display:grid;grid-template-columns:.75fr 1.25fr;gap:42px;margin-top:24px;padding:30px;background:#fff;color:var(--ink);border-top:5px solid #8190a0}.large-cap-heading>span{display:block;color:var(--red);font-size:11px;font-weight:800;letter-spacing:.14em}.large-cap-heading>strong{display:block;margin-top:8px;color:var(--navy);font:700 25px/1.22 var(--serif)}.large-cap-heading>p{margin:12px 0 0}.large-cap-calls{display:grid;grid-template-columns:1fr 1fr;gap:24px}.large-cap-calls article+article{padding-left:24px;border-left:1px solid var(--line)}.large-cap-calls h3{margin-top:12px;font-size:24px}.large-cap-calls article>p{margin:15px 0 0}.large-cap-numbers{display:grid;grid-template-columns:1fr 1fr;gap:1px;margin-top:17px;background:var(--line);border:1px solid var(--line)}.large-cap-numbers div{padding:14px 12px;background:var(--soft)}.large-cap-numbers strong{display:block;color:var(--navy);font:700 22px/1 var(--serif)}.large-cap-numbers span{display:block;margin-top:7px;color:var(--muted);font-size:9px;font-weight:700;letter-spacing:.07em;text-transform:uppercase}.research-archive{display:grid;grid-template-columns:.75fr 1.25fr;gap:50px;margin-top:24px;padding:26px 30px;border:1px solid #ffffff2b;background:#ffffff0b}.research-archive span{display:block;color:#e8b8bd;font-size:11px;font-weight:800;letter-spacing:.14em}.research-archive strong{display:block;margin-top:8px;color:#fff;font:700 22px/1.28 var(--serif)}.research-archive p{margin:0;color:#d8e2ec}.research-note{margin:19px 0 0;color:#9eacbb;font-size:11px}
@media(max-width:900px){.research-heading{grid-template-columns:1fr;gap:22px}.research-calls{grid-template-columns:1fr}.research-feature{grid-column:auto}.large-cap-feature{grid-template-columns:1fr}.research-archive{grid-template-columns:1fr;gap:16px}}
@media(max-width:620px){.published-research{padding:62px 0 56px}.research-call{padding:25px 21px}.research-numbers{grid-template-columns:1fr}.research-numbers div{padding:14px}.large-cap-feature{padding:24px 21px}.large-cap-calls{grid-template-columns:1fr}.large-cap-calls article+article{padding:21px 0 0;border-left:0;border-top:1px solid var(--line)}.research-archive{padding:23px 21px}}
.research-numbers-two{grid-template-columns:repeat(2,1fr)}
@media(max-width:620px){.research-numbers-two{grid-template-columns:repeat(2,1fr)}.research-call h3{font-size:26px;overflow-wrap:anywhere}.research-meta{align-items:flex-start}.research-meta span{line-height:1.3}}

/* Market Perspectives */
.market-hero{background:linear-gradient(115deg,#071a37 0%,#12304e 78%,#741b25 150%);padding:82px 0 78px}.market-hero h1{max-width:980px;font-size:clamp(43px,5.8vw,72px)}.market-note{padding:0 0 84px}.note-header{display:grid;grid-template-columns:1fr 1fr;gap:60px;align-items:center;padding-top:42px;padding-bottom:42px;border-bottom:1px solid var(--line)}.issue-date{margin:0;color:var(--navy);font:700 22px/1.25 var(--serif)}.stance-card{padding:22px 25px;background:var(--navy);color:#fff;border-left:5px solid var(--red)}.stance-card span,.stance-card small{display:block;text-transform:uppercase;letter-spacing:.11em}.stance-card span{color:#e8b8bd;font-size:10px;font-weight:800}.stance-card strong{display:block;margin-top:7px;font:700 22px/1.25 var(--serif)}.stance-card small{margin-top:9px;color:#d7e1eb;font-size:10px}.note-layout{display:grid;grid-template-columns:250px minmax(0,760px);gap:72px;justify-content:center;padding-top:54px}.note-rail{align-self:start;position:sticky;top:110px;padding:24px;border-top:5px solid var(--red);background:var(--soft)}.rail-label{margin:0;color:var(--red);font-size:11px;font-weight:800;letter-spacing:.14em;text-transform:uppercase}.note-rail ol{margin:18px 0 0;padding-left:21px}.note-rail li+li{margin-top:8px}.rail-conclusion{margin:22px 0 0;padding-top:18px;border-top:1px solid var(--line);color:var(--navy);font:700 17px/1.45 var(--serif)}.note-body{font-family:var(--serif);font-size:18px;line-height:1.72}.note-body .lead{color:var(--navy);font-size:22px;line-height:1.58}.note-body h2{margin:54px 0 17px;padding-top:19px;border-top:2px solid var(--navy);font-size:30px}.note-body p{margin-bottom:21px}.note-body blockquote{margin:36px 0;padding:22px 25px;border-left:5px solid var(--red);background:var(--soft);color:var(--navy);font:700 24px/1.45 var(--serif)}.watch-list{margin:0 0 28px;padding-left:23px}.watch-list li+li{margin-top:12px}.closing-thesis{margin-top:38px;padding:25px;background:var(--navy);color:#fff;font-size:21px}.sources{margin-top:48px;padding-top:4px}.sources h2{font-size:23px}.sources p{font-family:var(--sans);font-size:13px}.sources a{color:var(--red)}.note-body .disclosure{margin-top:36px;padding-top:19px;border-top:1px solid var(--line);font:12px/1.55 var(--sans)}
@media(max-width:900px){.note-layout{grid-template-columns:210px minmax(0,1fr);gap:38px}.note-header{gap:30px}}
@media(max-width:720px){.market-hero{padding:58px 0}.note-header,.note-layout{grid-template-columns:1fr}.note-header{gap:22px}.note-layout{gap:28px;padding-top:34px}.note-rail{position:static}.note-body{font-size:17px}.note-body .lead{font-size:20px}.note-body h2{margin-top:42px;font-size:27px}.note-body blockquote{font-size:21px}}