/* ============================================================
   EMIC — Emerging Markets Institute Club
   Editorial system: Fraunces (display) · EB Garamond (body)
   IBM Plex Mono (market data only)
   ============================================================ */

   :root{
    --red:#B41C1B;
    --red-deep:#7E1312;
    --ink:#16181B;
    --paper:#FAF9F5;
    --parchment:#EFECE4;
    --hairline:#D9D6CC;
    --secondary:#5B5A54;
    --up:#7FBF7A;
    --down:#E2807D;
    --measure:62ch;
    --wrap:1140px;
    --pad:clamp(20px, 4vw, 48px);
  }
  
  *{box-sizing:border-box;}
  html{scroll-behavior:smooth;}
  @media (prefers-reduced-motion:reduce){ html{scroll-behavior:auto;} }
  
  body{
    margin:0;
    background:var(--paper);
    color:var(--ink);
    font-family:'EB Garamond',serif;
    font-size:17.5px;
    line-height:1.6;
  }
  
  a{color:inherit;}
  a:focus-visible, button:focus-visible{outline:2px solid var(--red);outline-offset:3px;}
  img{display:block;max-width:100%;}
  
  .wrap{max-width:var(--wrap);margin:0 auto;padding-left:var(--pad);padding-right:var(--pad);}
  
  /* ---------- Masthead ---------- */
  .masthead{border-bottom:1.5px solid var(--ink);background:var(--paper);}
  .masthead-inner{
    display:flex;align-items:baseline;justify-content:space-between;
    gap:24px;padding:18px 0 14px;flex-wrap:wrap;
  }
  .mark{
    font-family:'Fraunces',serif;font-weight:600;font-size:clamp(22px,2.6vw,27px);
    letter-spacing:.01em;text-decoration:none;color:var(--ink);
    display:flex;align-items:baseline;gap:12px;
  }
  .mark .mark-red{color:var(--red);}
  .mark small{
    font-family:'EB Garamond',serif;font-weight:400;font-size:13px;
    color:var(--secondary);letter-spacing:.02em;
  }
  .nav{display:flex;gap:clamp(16px,2.5vw,30px);flex-wrap:wrap;}
  .nav a{
    font-size:16.5px;text-decoration:none;color:var(--ink);
    border-bottom:1px solid transparent;padding-bottom:2px;
  }
  .nav a:hover{border-bottom-color:var(--hairline);}
  .nav a[aria-current="page"]{border-bottom-color:var(--red);}
  
  /* ---------- Market band (EM Watch) ---------- */
  .market-band{
    background:var(--ink);color:#EDEBE3;overflow:hidden;position:relative;
    font-family:'IBM Plex Mono',monospace;
  }
.market-tab{
    position:absolute;left:0;top:0;bottom:0;z-index:2;
    background:var(--red);color:#fff;display:flex;align-items:center;
    padding:0 16px;font-size:11px;letter-spacing:.1em;text-transform:uppercase;text-decoration:none;
  }
.market-tab:hover{background:var(--red-deep);}
.market-tab-active{box-shadow:inset 0 -3px 0 #fff;}
  .market-track{
    display:flex;gap:44px;white-space:nowrap;width:max-content;
    padding:12px 0 12px 190px;font-size:12.5px;
  }
  .market-item{display:flex;align-items:center;gap:9px;}
  .market-item .m-label{color:#B8B6AE;}
  .market-item .m-price{color:#fff;font-weight:500;}
  @media (prefers-reduced-motion:reduce){ .market-track{animation:none !important;} }
  
  /* ---------- Index rule (signature section device) ---------- */
  .index-rule{
    display:flex;align-items:baseline;gap:18px;
    margin:0 0 clamp(24px,3.5vw,36px);
  }
  .index-rule .ir-label{
    font-family:'Fraunces',serif;font-weight:500;font-size:14px;
    letter-spacing:.14em;text-transform:uppercase;color:var(--red);
    flex-shrink:0;
  }
  .index-rule .ir-line{flex:1;border-top:1px solid var(--hairline);transform:translateY(-4px);}
  .index-rule .ir-detail{
    font-size:13.5px;color:var(--secondary);flex-shrink:0;letter-spacing:.02em;
  }
  
  /* ---------- Sections ---------- */
  .section{padding:clamp(48px,7vw,86px) 0;}
  /* .section + .section{border-top:1px solid var(--hairline);} */
  .band-ink{background:var(--ink);color:var(--paper);}
  .band-ink .index-rule .ir-line{border-top-color:#3A3D42;}
  .band-ink .index-rule .ir-detail{color:#A7A49B;}
  .band-parchment{background:var(--parchment);}
  
  /* ---------- Member placements (logo wall) ---------- */
  .logo-wall{display:grid;grid-template-columns:repeat(var(--cols,5),1fr);border-top:1px solid var(--hairline);border-left:1px solid var(--hairline);}
  .logo-cell{display:flex;align-items:center;justify-content:center;padding:clamp(22px,3.5vw,40px);min-height:118px;border-right:1px solid var(--hairline);border-bottom:1px solid var(--hairline);}
  .logo-cell img{max-width:100%;max-height:52px;width:auto;object-fit:contain;mix-blend-mode:multiply;}
  .logo-cell--empty{background:transparent;}


  /* ---------- Cover hero ---------- */
  .cover{padding:clamp(56px,9vw,110px) 0 clamp(48px,7vw,90px);}
  .cover h1{
    font-family:'Fraunces',serif;font-weight:480;
    font-size:clamp(40px,7.2vw,84px);
    line-height:1.04;letter-spacing:-.012em;
    margin:0 0 clamp(22px,3vw,32px);max-width:15ch;
    font-variation-settings:'opsz' 144;
  }
  .cover h1 em{font-style:italic;font-weight:420;color:var(--red);}
  .cover .cover-sub{
    font-size:clamp(17px,2vw,20px);color:var(--ink);
    max-width:52ch;margin:0 0 clamp(26px,3.5vw,36px);
  }
  .cover .cover-links{display:flex;gap:26px;flex-wrap:wrap;align-items:center;}
  
  /* ---------- Buttons & text links ---------- */
  .btn{
    display:inline-block;font-family:'EB Garamond',serif;font-weight:500;
    font-size:17px;padding:13px 26px;text-decoration:none;
    background:var(--red);color:#fff;border:1.5px solid var(--red);
  }
  .btn:hover{background:var(--red-deep);border-color:var(--red-deep);}
  .btn-ghost{background:transparent;color:var(--ink);border-color:var(--ink);}
  .btn-ghost:hover{background:var(--ink);color:var(--paper);}
  .band-ink .btn-ghost{color:var(--paper);border-color:var(--paper);}
  .band-ink .btn-ghost:hover{background:var(--paper);color:var(--ink);}
  .textlink{
    color:var(--ink);text-decoration:none;border-bottom:1px solid var(--ink);
    padding-bottom:1px;font-size:16.5px;
  }
  .textlink:hover{color:var(--red);border-bottom-color:var(--red);}
  
  /* ---------- Two-column editorial split ---------- */
  .split{display:grid;grid-template-columns:1.15fr 1fr;gap:clamp(40px,6vw,84px);align-items:start;}
  @media (max-width:900px){ .split{grid-template-columns:1fr;} }
  
  /* ---------- Ledger list (teams) ---------- */
  .ledger{margin:0;padding:0;list-style:none;}
  .ledger li{
    display:flex;align-items:baseline;justify-content:space-between;gap:16px;
    padding:13px 0;border-bottom:1px solid var(--hairline);
  }
  .ledger li:first-child{padding-top:0;}
  .ledger .l-name{font-family:'Fraunces',serif;font-weight:500;font-size:18.5px;}
  .ledger .l-role{
    font-size:13px;color:var(--secondary);letter-spacing:.1em;text-transform:uppercase;
    flex-shrink:0;
  }
  
  /* ---------- Feed (Beating Sisyphus) ---------- */
  .feed a{
    display:block;text-decoration:none;color:inherit;
    padding:17px 0;border-bottom:1px solid var(--hairline);
  }
  .feed a:first-child{padding-top:0;}
  .feed .f-title{
    font-family:'Fraunces',serif;font-weight:500;font-size:18.5px;
    line-height:1.3;margin-bottom:5px;
  }
  .feed a:hover .f-title{color:var(--red);}
  .feed .f-date{font-size:13px;color:var(--secondary);margin-bottom:6px;}
  .feed .f-excerpt{font-size:15px;color:var(--secondary);line-height:1.5;}
  
  /* ---------- Research areas ---------- */
  .areas{display:grid;grid-template-columns:repeat(3,1fr);gap:clamp(24px,3.5vw,40px);}
  @media (max-width:1000px){ .areas{grid-template-columns:repeat(2,1fr);} }
  @media (max-width:640px){ .areas{grid-template-columns:1fr;} }
  .area h3{
    font-family:'Fraunces',serif;font-weight:500;font-size:16.5px;
    text-transform:uppercase;letter-spacing:.03em;
    margin:0 0 10px;padding-top:14px;border-top:2px solid var(--red);
  }
  .area p{font-size:15.5px;color:var(--secondary);margin:0;line-height:1.6;}
  
  /* ---------- Photo slots ---------- */
  .photo-slot{width:100%;background:var(--parchment);border:1px solid var(--hairline);}
  .photo-slot.r43{aspect-ratio:4/3;}
  .photo-slot.r219{aspect-ratio:21/9;}
  .photo-slot.filled{border:none;background-size:cover;background-position:center;}
  .photo-slot.with-image{overflow:hidden;border:none;margin:0;}
  .photo-slot.with-image img{width:100%;height:100%;object-fit:cover;}
  .conference-photo{aspect-ratio:3/2;}
  .club-photo{aspect-ratio:1452/719;margin:clamp(36px,5vw,56px) 0;}
  .band-ink .photo-slot{background:#22252A;border-color:#3A3D42;}
  
  /* ---------- Conference band ---------- */
  .conf-grid{display:grid;grid-template-columns:1fr 1fr;gap:clamp(36px,5vw,64px);align-items:center;}
  @media (max-width:820px){ .conf-grid{grid-template-columns:1fr;} }
  .conf-grid h2{
    font-family:'Fraunces',serif;font-weight:480;font-size:clamp(24px,3.4vw,34px);
    line-height:1.2;margin:0 0 18px;
  }
  .conf-grid p{color:#C9C6BD;max-width:48ch;margin:0 0 24px;}
  
  /* ---------- Page headers ---------- */
  .page-head{padding:clamp(48px,7vw,80px) 0 clamp(28px,4vw,44px);}
  .page-head h1{
    font-family:'Fraunces',serif;font-weight:480;
    font-size:clamp(34px,5.4vw,56px);line-height:1.08;margin:0 0 16px;
    font-variation-settings:'opsz' 144;
  }
  .page-head .lede{font-size:clamp(17px,2vw,19.5px);color:var(--secondary);max-width:56ch;margin:0;}
  
  /* ---------- Prose ---------- */
  .prose{max-width:var(--measure);}
  .prose p{margin:0 0 16px;}
  h2.sec-title{
    font-family:'Fraunces',serif;font-weight:500;
    font-size:clamp(21px,2.6vw,25px);margin:0 0 20px;
  }
  
  /* ---------- Topic groups (NME) ---------- */
  .topics{display:grid;grid-template-columns:1fr 1fr;gap:20px 48px;margin-top:26px;}
  @media (max-width:640px){ .topics{grid-template-columns:1fr;} }
  .topics .t-label{
    font-family:'Fraunces',serif;font-size:13.5px;font-weight:500;
    letter-spacing:.1em;text-transform:uppercase;color:var(--red);margin-bottom:8px;
  }
  .topics .t-body{font-size:16px;line-height:1.85;}
  
  /* ---------- Accordion (About teams) ---------- */
  .acc-item{border-bottom:1px solid var(--hairline);}
  .acc-item:last-child{border-bottom:none;}
  .acc-btn{
    width:100%;background:none;border:none;cursor:pointer;text-align:left;
    display:flex;justify-content:space-between;align-items:baseline;gap:16px;
    padding:16px 0;font-family:'Fraunces',serif;font-weight:500;
    font-size:19px;color:var(--ink);
  }
  .acc-btn .acc-tag{
    font-family:'EB Garamond',serif;font-size:12.5px;color:var(--secondary);
    letter-spacing:.1em;text-transform:uppercase;flex-shrink:0;
  }
  .acc-panel{display:none;padding:0 0 20px;font-size:16px;color:var(--secondary);line-height:1.65;max-width:var(--measure);}
  .acc-action{margin-top:12px;}
  .acc-item.open .acc-panel{display:block;}
  .acc-item.open .acc-btn{color:var(--red);}
  
  /* ---------- Timeline (Recruitment) ---------- */
  .timeline{position:relative;padding-left:32px;max-width:640px;}
  .timeline::before{content:"";position:absolute;left:5px;top:6px;bottom:6px;width:1.5px;background:var(--hairline);}
  .t-item{position:relative;padding-bottom:clamp(28px,4vw,42px);}
  .t-item:last-child{padding-bottom:0;}
  .t-dot{
    position:absolute;left:-32px;top:5px;width:11px;height:11px;border-radius:50%;
    background:var(--paper);border:2px solid var(--red);
  }
  .t-label{font-family:'Fraunces',serif;font-weight:500;font-size:19px;margin-bottom:3px;}
  .t-date{font-size:14px;color:var(--red);margin-bottom:5px;}
  .t-desc{font-size:15px;color:var(--secondary);line-height:1.5;max-width:50ch;}
  
  /* ---------- Guests ---------- */
  .guest{display:flex;gap:20px;align-items:flex-start;padding:20px 0;border-bottom:1px solid var(--hairline);}
  .guest:first-child{padding-top:0;}
  .guest:last-child{border-bottom:none;}
  .guest .g-photo{width:84px;height:106px;flex-shrink:0;background:var(--parchment);overflow:hidden;}
  .guest .g-photo img{width:100%;height:100%;object-fit:cover;}
  .guest .g-name{font-family:'Fraunces',serif;font-weight:500;font-size:18.5px;margin-bottom:3px;}
  .guest .g-title{font-size:15px;color:var(--secondary);line-height:1.45;}
  
  /* ---------- People grids (BS team + Members) ---------- */
  .people{display:grid;grid-template-columns:repeat(auto-fill,132px);gap:26px 22px;justify-content:start;align-items:start;}
  .person{cursor:pointer;width:132px;background:none;border:none;padding:0;text-align:left;font-family:inherit;color:inherit;}
  .person .p-photo{display:block;width:132px;height:132px;background:var(--parchment);overflow:hidden;margin-bottom:9px;}
  .person .p-photo img{display:block;width:100%;height:100%;object-fit:cover;}
  .person .p-name{font-family:'Fraunces',serif;font-weight:500;font-size:16.5px;line-height:1.25;}
  .person .p-role{font-size:13.5px;color:var(--red);margin-top:2px;}
  .person .p-major{font-size:12.5px;color:var(--secondary);margin-top:2px;line-height:1.3;}
  
  .person[aria-expanded="true"] .p-photo{outline:2px solid var(--red);outline-offset:2px;}
  .person-detail{
    grid-column:1 / -1;
    background:#fff;border:1px solid var(--hairline);
    padding:clamp(18px,3vw,28px);
  }
  .person-detail .pd-name{font-family:'Fraunces',serif;font-weight:500;font-size:20px;margin-bottom:4px;}
  .person-detail .pd-sub{font-size:14px;color:var(--red);margin-bottom:16px;}
  .pd-row{font-size:14.5px;line-height:1.5;margin-bottom:9px;max-width:70ch;}
  .pd-row:last-child{margin-bottom:0;}
  .pd-row .pd-label{color:var(--secondary);display:block;margin-bottom:1px;font-size:13px;letter-spacing:.04em;text-transform:uppercase;}
  
  @media (max-width:560px){
    .people{grid-template-columns:repeat(auto-fill,92px);gap:20px 14px;}
    .person{width:92px;}
    .person .p-photo{width:92px;height:92px;}
    .person .p-name{font-size:14px;}
    .person .p-role,.person .p-major{font-size:11.5px;}
  }
  
  /* ---------- Featured post ---------- */
  .featured{border-top:1px solid var(--hairline);border-bottom:1px solid var(--hairline);padding:26px 0;margin-bottom:44px;}
  .featured img,.featured .f-thumb{width:100%;aspect-ratio:16/9;object-fit:cover;background:var(--parchment);margin-bottom:16px;}
  .featured .f-eyebrow{font-size:13px;color:var(--red);letter-spacing:.1em;text-transform:uppercase;margin-bottom:8px;}
  .featured .f-big{font-family:'Fraunces',serif;font-weight:500;font-size:clamp(19px,2.6vw,23px);line-height:1.3;margin-bottom:8px;}
  .featured a{text-decoration:none;color:inherit;}
  .featured a:hover .f-big{color:var(--red);}
  
  /* ---------- Platform links ---------- */
.platforms{display:flex;gap:22px;flex-wrap:wrap;font-size:16.5px;margin-top:14px;}

/* ---------- Podcast and video embeds ---------- */
.media-platforms-section{background:linear-gradient(135deg,#ECE7DB,#F4F0E8);}
.media-embeds{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:22px;align-items:start;}
.media-embed{margin:0;background:var(--paper-raised);border:1px solid var(--hairline);box-shadow:0 12px 36px rgba(31,24,17,.06);overflow:hidden;}
.media-embed-youtube{grid-column:1/-1;}
.media-embed-head{display:flex;align-items:center;justify-content:space-between;gap:18px;padding:14px 16px;border-bottom:1px solid var(--hairline);}
.media-embed-head span{font-family:'Fraunces',serif;font-weight:600;font-size:17px;}
.media-embed-head a{font-family:'IBM Plex Mono',monospace;font-size:10px;letter-spacing:.04em;text-transform:uppercase;color:var(--red);text-decoration:none;}
.video-frame{position:relative;aspect-ratio:16/9;background:#111;}
.video-frame iframe,.podcast-frame{display:block;width:100%;border:0;}
.video-frame iframe{position:absolute;inset:0;height:100%;}
.spotify-frame{height:352px;}
.apple-frame{height:450px;}
@media (max-width:760px){.media-embeds{grid-template-columns:1fr;}.media-embed-youtube{grid-column:auto;}}
  
  /* ---------- Footer ---------- */
  footer{background:var(--ink);color:#A7A49B;margin-top:clamp(56px,8vw,96px);}
  .foot-inner{
    display:flex;justify-content:space-between;gap:24px;flex-wrap:wrap;
    padding:34px 0;font-size:14px;
  }
  .foot-inner .f-mark{font-family:'Fraunces',serif;color:var(--paper);font-weight:500;font-size:17px;}
  .foot-inner nav{display:flex;gap:20px;flex-wrap:wrap;}
  .foot-inner a{color:#C9C6BD;text-decoration:none;}
  .foot-inner a:hover{color:#fff;}
  .foot-legal{border-top:1px solid #2C2F34;padding:16px 0 22px;font-size:12.5px;display:flex;justify-content:space-between;gap:16px;flex-wrap:wrap;}

/* ============================================================
   2026 visual refresh
   ============================================================ */
:root{
  --red:#B31B1B;
  --red-bright:#D63B32;
  --ink:#17191C;
  --paper:#F8F6F0;
  --paper-raised:#FFFDF8;
  --parchment:#ECE7DB;
  --hairline:#D7D0C2;
  --secondary:#666157;
  --shadow:0 18px 50px rgba(31,24,17,.08);
  --radius:4px;
  --wrap:1200px;
}

body{
  background:
    radial-gradient(circle at 8% 3%,rgba(179,27,27,.045),transparent 24rem),
    var(--paper);
  text-rendering:optimizeLegibility;
}

::selection{background:rgba(179,27,27,.18);}

.masthead{
  position:sticky;top:0;z-index:20;
  background:rgba(248,246,240,.94);
  border-bottom:1px solid rgba(23,25,28,.16);
  backdrop-filter:blur(14px);
  -webkit-backdrop-filter:blur(14px);
}
.masthead::before{content:"";display:block;height:4px;background:linear-gradient(90deg,var(--red) 0 34%,var(--ink) 34% 100%);}
.masthead-inner{min-height:74px;padding-top:13px;padding-bottom:13px;}
.mark{gap:12px;letter-spacing:-.015em;align-items:center;}
.mark-copy{display:flex;align-items:baseline;gap:12px;}
.mark-copy strong{font-family:'Fraunces',serif;font-size:24px;line-height:1;color:var(--red);letter-spacing:.02em;}
.mark small{font-size:12px;max-width:29ch;line-height:1.25;}
.nav{gap:8px;}
.nav a{
  padding:8px 12px;border:0;border-radius:999px;
  font-size:14.5px;line-height:1;transition:background .2s ease,color .2s ease;
}
.nav a:hover{background:var(--parchment);}
.nav a[aria-current="page"]{background:rgba(179,27,27,.09);color:var(--red);box-shadow:inset 0 0 0 1px rgba(179,27,27,.12);}

.market-band{box-shadow:0 1px 0 rgba(255,255,255,.07) inset;}
.market-tab{padding:0 20px;font-weight:500;}
.market-track{padding-top:10px;padding-bottom:10px;}
.market-item{padding-right:4px;}

.cover{position:relative;overflow:hidden;padding:clamp(70px,10vw,132px) 0 clamp(64px,9vw,116px);}
.cover::before{
  content:"";position:absolute;inset:0;pointer-events:none;
  background-image:linear-gradient(rgba(23,25,28,.035) 1px,transparent 1px),linear-gradient(90deg,rgba(23,25,28,.035) 1px,transparent 1px);
  background-size:48px 48px;
  mask-image:linear-gradient(90deg,#000,transparent 82%);
}
.cover::after{
  content:"";position:absolute;right:max(5vw,34px);top:16%;
  width:clamp(150px,18vw,238px);aspect-ratio:1;
  background:url('assets/emic-logo.png?v=20260812-2') center/contain no-repeat;
  border-radius:50%;box-shadow:0 20px 55px rgba(31,24,17,.12);
}
.cover .wrap{position:relative;z-index:1;}
.cover-kicker{
  margin:0 0 24px;font-family:'IBM Plex Mono',monospace;font-size:11px;
  letter-spacing:.12em;text-transform:uppercase;color:var(--red);
}
.cover h1{font-size:clamp(46px,7.4vw,92px);max-width:13ch;line-height:.98;letter-spacing:-.035em;}
.cover h1 em{position:relative;white-space:nowrap;}
.cover h1 em::after{content:"";position:absolute;left:0;right:0;bottom:-5px;height:3px;background:var(--red);transform:rotate(-1deg);}
.cover .cover-sub{font-size:clamp(18px,2vw,21px);line-height:1.62;max-width:58ch;color:#403E39;}

.section{position:relative;padding:clamp(58px,8vw,98px) 0;}
.section + .section{border-top:1px solid rgba(23,25,28,.1);}
.band-parchment{background:linear-gradient(135deg,#ECE7DB,#F2EEE5);}
.band-ink{background:linear-gradient(135deg,#17191C,#22262B);}
.index-rule{gap:15px;}
.index-rule .ir-label{font-size:12.5px;font-weight:600;}
.index-rule .ir-detail{font-family:'IBM Plex Mono',monospace;font-size:10.5px;text-transform:uppercase;letter-spacing:.06em;}

.btn{border-radius:2px;box-shadow:0 6px 18px rgba(179,27,27,.12);transition:transform .2s ease,box-shadow .2s ease,background .2s ease;}
.btn:hover{transform:translateY(-2px);box-shadow:0 10px 26px rgba(126,19,18,.18);}
.btn-ghost{box-shadow:none;}
.textlink{transition:color .2s ease,border-color .2s ease;}

.ledger{background:var(--paper-raised);border:1px solid var(--hairline);padding:0 22px;box-shadow:0 10px 34px rgba(31,24,17,.035);}
.ledger li{padding:16px 0;}
.ledger li:first-child{padding-top:16px;}
.ledger .l-name{font-size:19px;}

.feed{background:var(--paper-raised);border:1px solid var(--hairline);padding:0 22px;box-shadow:0 10px 34px rgba(31,24,17,.035);}
.feed a{padding:19px 0;}
.feed a:first-child{padding-top:19px;}

.areas{gap:16px;}
.area{
  min-height:190px;padding:24px;background:var(--paper-raised);
  border:1px solid var(--hairline);border-top:3px solid var(--red);
  transition:transform .2s ease,box-shadow .2s ease;
}
.area:hover{transform:translateY(-3px);box-shadow:var(--shadow);}
.area h3{padding-top:0;border:0;font-size:15px;line-height:1.35;}

.photo-slot.with-image{background:#ddd;box-shadow:var(--shadow);}
.photo-slot.with-image img{transition:transform .6s ease;}
.photo-slot.with-image:hover img{transform:scale(1.015);}
.club-photo{border-radius:var(--radius);}
.conference-photo{border-radius:var(--radius);}
.conf-grid{gap:clamp(40px,7vw,86px);}
.conf-grid h2{font-size:clamp(28px,3.6vw,39px);letter-spacing:-.015em;}

.page-head{position:relative;overflow:hidden;padding:clamp(62px,8vw,100px) 0 clamp(38px,5vw,58px);}
.page-head h1{font-size:clamp(42px,6vw,68px);letter-spacing:-.025em;}
.page-head .lede{font-size:clamp(18px,2vw,21px);line-height:1.55;}

.topics>div{padding:22px;background:var(--paper-raised);border:1px solid var(--hairline);}
.acc-item{background:var(--paper-raised);border-left:1px solid var(--hairline);border-right:1px solid var(--hairline);padding:0 22px;}
.acc-item:first-of-type{border-top:1px solid var(--hairline);}
.acc-btn{padding:20px 0;}
.acc-btn::after{content:"+";font-family:'IBM Plex Mono',monospace;font-size:18px;color:var(--red);margin-left:auto;}
.acc-item.open .acc-btn::after{content:"−";}

.timeline{padding:26px 28px 26px 52px;background:var(--paper-raised);border:1px solid var(--hairline);box-shadow:0 10px 34px rgba(31,24,17,.035);}
.timeline::before{left:25px;top:34px;bottom:34px;}
.t-dot{left:-32px;}

.guest{padding:18px;background:var(--paper-raised);border:1px solid var(--hairline);margin-bottom:10px;text-decoration:none;color:inherit;transition:transform .2s ease,border-color .2s ease,box-shadow .2s ease;}
.guest::after{content:"↗";align-self:center;margin-left:auto;padding-left:12px;font-family:'IBM Plex Mono',monospace;font-size:15px;color:var(--red);}
.guest:hover{transform:translateX(3px);border-color:rgba(179,27,27,.38);box-shadow:0 8px 24px rgba(31,24,17,.06);}
.guest .g-photo{border-radius:2px;}

.people{grid-template-columns:repeat(auto-fill,minmax(138px,1fr));gap:28px 20px;}
.person{width:100%;}
.person .p-photo{width:100%;height:auto;aspect-ratio:1;background:#e8e3d8;border-radius:2px;}
.person .p-photo img{transition:transform .35s ease;}
.person:hover .p-photo img{transform:scale(1.035);}
.person .p-name{font-size:17px;margin-top:11px;}
.person-detail{border-top:3px solid var(--red);box-shadow:var(--shadow);}

.featured{border:0;padding:0;margin-bottom:52px;background:var(--paper-raised);box-shadow:var(--shadow);}
.featured a{display:block;}
.featured img,.featured .f-thumb{margin:0;}
.featured .f-eyebrow{padding:20px 22px 0;}
.featured .f-big{padding:0 22px;font-size:clamp(22px,2.8vw,29px);}
.featured .f-date{padding:0 22px 22px;}

.bs-team{gap:24px 18px!important;}
.bs-member .bsm-photo{width:82px!important;height:82px!important;box-shadow:0 0 0 1px var(--hairline);}
.bs-member .bsm-name{text-decoration:none!important;font-family:'Fraunces',serif;font-size:15px!important;line-height:1.25;}

footer{margin-top:0;background:linear-gradient(135deg,#15171A,#24272C);}
.foot-inner{padding-top:46px;padding-bottom:42px;}
.foot-inner .f-mark{font-size:25px;color:#fff;letter-spacing:.02em;}
.f-brand{display:flex;align-items:center;gap:12px;}
.f-brand img{width:54px!important;height:54px!important;min-width:54px;max-width:54px;border-radius:50%;object-fit:cover;}

@media (max-width:760px){
  .masthead-inner{display:block;min-height:0;}
  .mark{justify-content:space-between;}
  .mark-copy{margin-right:auto;}
  .mark small{display:none;}
  .nav{margin-top:12px;overflow-x:auto;flex-wrap:nowrap;padding-bottom:2px;scrollbar-width:none;}
  .nav::-webkit-scrollbar{display:none;}
  .nav a{white-space:nowrap;background:rgba(255,255,255,.46);}
  .market-tab{padding:0 12px;}
  .market-track{padding-left:126px;}
  .cover::after{opacity:.16;right:-34px;top:10%;width:180px;}
  .cover h1{max-width:11ch;}
  .index-rule{align-items:center;}
  .index-rule .ir-detail{display:none;}
  .areas{grid-template-columns:1fr;}
  .area{min-height:0;}
  .people{grid-template-columns:repeat(3,minmax(0,1fr));gap:24px 13px;}
  .person .p-name{font-size:14px;}
  .person .p-role,.person .p-major{font-size:11.5px;}
}

@media (max-width:420px){
  .people{grid-template-columns:repeat(2,minmax(0,1fr));}
  .cover-links{align-items:stretch!important;flex-direction:column;gap:16px!important;}
  .cover-links .btn{text-align:center;}
  .club-photo{aspect-ratio:4/3;}
  .club-photo img{object-position:center;}
}

@media (prefers-reduced-motion:reduce){
  *,*::before,*::after{transition-duration:.01ms!important;animation-duration:.01ms!important;animation-iteration-count:1!important;}
}

/* ---------- EM Watch dashboard ---------- */
.watch-head h1{color:var(--red);}
.watch-meta{margin:0 0 34px;padding:12px 15px;border-left:3px solid var(--red);background:rgba(179,27,27,.055);font-family:'IBM Plex Mono',monospace;font-size:11px;letter-spacing:.04em;text-transform:uppercase;color:var(--secondary);}
.watch-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:18px;}
.watch-chart,.watch-chart-wide{background:var(--paper-raised);border:1px solid var(--hairline);padding:clamp(20px,3vw,30px);box-shadow:0 12px 34px rgba(31,24,17,.05);}
.watch-chart h2,.watch-chart-wide h2{font-family:'Fraunces',serif;font-weight:500;font-size:22px;line-height:1.2;margin:0 0 3px;}
.watch-chart>p,.watch-chart-note{margin:0 0 24px;color:var(--secondary);font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.03em;text-transform:uppercase;}
.watch-bar-row{margin:0 0 22px;}
.watch-bar-row:last-child{margin-bottom:0;}
.watch-bar-heading{display:flex;justify-content:space-between;align-items:baseline;gap:12px;margin-bottom:7px;}
.watch-bar-heading span{font-size:15px;line-height:1.25;}
.watch-bar-heading strong{font-family:'IBM Plex Mono',monospace;font-size:13px;white-space:nowrap;}
.watch-bar-track{height:11px;background:var(--parchment);overflow:hidden;}
.watch-bar-fill{display:block;height:100%;background:linear-gradient(90deg,var(--red),var(--red-bright));}
.watch-bar-fill.watch-good{background:#5A995B;}
.watch-bar-fill.watch-bad{background:var(--red);}
.watch-bar-row small{display:block;margin-top:6px;color:var(--secondary);font-family:'IBM Plex Mono',monospace;font-size:10px;text-transform:uppercase;}
.watch-credit-rows{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));column-gap:42px;row-gap:4px;}
.watch-credit-head{display:flex;justify-content:space-between;align-items:flex-start;gap:24px;}
.watch-credit-head .watch-chart-note{margin-bottom:0;}
.watch-select-label{display:flex;flex-direction:column;gap:6px;min-width:210px;font-family:'IBM Plex Mono',monospace;font-size:9px;letter-spacing:.09em;text-transform:uppercase;color:var(--secondary);}
.watch-select-wrap{position:relative;display:block;}
.watch-select-wrap::after{content:'⌄';position:absolute;right:13px;top:50%;color:var(--red);font:18px/1 'IBM Plex Mono',monospace;pointer-events:none;transform:translateY(-58%);}
.watch-select{appearance:none;width:100%;padding:11px 40px 11px 13px;border:1px solid var(--hairline);border-radius:2px;background:var(--paper);box-shadow:0 4px 14px rgba(31,24,17,.045);color:var(--ink);font:500 15px 'EB Garamond',serif;cursor:pointer;}
.watch-select:hover{border-color:#b9b3a8;}
.watch-select:focus{outline:2px solid var(--red);outline-offset:2px;}
.watch-credit-summary{display:flex;align-items:baseline;gap:12px;margin:22px 0 4px;}
.watch-credit-summary strong{font:500 28px 'IBM Plex Mono',monospace;}
.watch-credit-summary span{font:10px 'IBM Plex Mono',monospace;text-transform:uppercase;}
.watch-credit-history .watch-line-chart{max-height:390px;}
.watch-market-grid{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:18px;margin-top:22px;}
.watch-quote{background:var(--paper-raised);border:1px solid var(--hairline);padding:18px;min-width:0;}
.watch-quote-head{display:flex;align-items:flex-start;justify-content:space-between;gap:16px;margin-bottom:12px;}
.watch-quote-head>div{display:flex;flex-direction:column;gap:3px;}
.watch-quote span{font-family:'Fraunces',serif;font-size:18px;line-height:1.2;}
.watch-quote strong{font-family:'IBM Plex Mono',monospace;font-size:18px;white-space:nowrap;}
.watch-quote small{font-family:'IBM Plex Mono',monospace;font-size:10px;color:var(--secondary);text-transform:uppercase;letter-spacing:.03em;}
.watch-quote-latest{text-align:right;align-items:flex-end;}
.watch-line-chart{display:block;width:100%;height:auto;overflow:visible;}
.watch-gridline{stroke:var(--hairline);stroke-width:1;vector-effect:non-scaling-stroke;}
.watch-line{fill:none;stroke:var(--red);stroke-width:2.5;stroke-linecap:round;stroke-linejoin:round;vector-effect:non-scaling-stroke;}
.watch-axis-label{fill:var(--secondary);font-family:'IBM Plex Mono',monospace;font-size:10px;}
.watch-chart-interactive{position:relative;outline:none;touch-action:pan-y;cursor:crosshair;}
.watch-chart-interactive.is-zoomable{user-select:none;}
.watch-chart-interactive:focus-visible{box-shadow:0 0 0 2px var(--paper-raised),0 0 0 4px var(--red);}
.watch-chart-guide,.watch-chart-dot{opacity:0;pointer-events:none;transition:opacity .12s ease;}
.watch-chart-guide{stroke:var(--red);stroke-width:1;stroke-dasharray:4 4;vector-effect:non-scaling-stroke;}
.watch-chart-dot{fill:var(--paper-raised);stroke:var(--red);stroke-width:2;vector-effect:non-scaling-stroke;}
.watch-chart-interactive.is-inspecting .watch-chart-guide,.watch-chart-interactive.is-inspecting .watch-chart-dot{opacity:1;}
.watch-chart-tooltip{position:absolute;z-index:2;top:4px;display:none;min-width:150px;padding:9px 11px;background:var(--ink);color:var(--paper);box-shadow:0 8px 24px rgba(0,0,0,.18);pointer-events:none;transform:translateX(-50%);font-family:'IBM Plex Mono',monospace;}
.watch-chart-interactive.is-inspecting .watch-chart-tooltip{display:flex;flex-direction:column;gap:2px;}
.watch-chart-tooltip span,.watch-chart-tooltip small{font-family:'IBM Plex Mono',monospace;font-size:9px;color:#c9c6bd;text-transform:uppercase;letter-spacing:.03em;}
.watch-chart-tooltip strong{font-size:16px;}
.watch-zoom-selection{fill:rgba(179,27,27,.12);stroke:var(--red);stroke-width:1;vector-effect:non-scaling-stroke;pointer-events:none;}
.watch-zoom-controls{display:flex;justify-content:space-between;align-items:center;gap:12px;margin-top:4px;color:var(--secondary);font:9px 'IBM Plex Mono',monospace;letter-spacing:.05em;text-transform:uppercase;}
.watch-zoom-controls button{border:0;border-bottom:1px solid currentColor;padding:2px 0;background:none;color:var(--red);font:inherit;text-transform:uppercase;cursor:pointer;}
.watch-zoom-controls button:hover{color:var(--ink);}
.watch-zoom-controls button:focus-visible{outline:2px solid var(--red);outline-offset:3px;}
.watch-up{color:#477E49;}.watch-down{color:var(--red);}
.watch-empty{margin:0;padding:28px;border:1px dashed var(--hairline);background:rgba(255,255,255,.35);color:var(--secondary);text-align:center;}
.watch-methodology{background:var(--ink);color:var(--paper);}
.watch-methodology .index-rule .ir-line{border-color:#3A3D42;}
.watch-sources{display:grid;grid-template-columns:repeat(3,1fr);gap:28px;}
.watch-sources p{margin:0;color:#C9C6BD;font-size:15px;}
.watch-sources .textlink{color:#fff;border-color:#777;}
@media(max-width:900px){.watch-grid{grid-template-columns:1fr;}.watch-credit-rows{grid-template-columns:1fr;}.watch-market-grid{grid-template-columns:1fr;}.watch-sources{grid-template-columns:1fr;}}
@media(max-width:520px){.watch-credit-head{flex-direction:column;}.watch-select-label{width:100%;}.watch-quote-head{flex-direction:column;}.watch-quote-latest{text-align:left;align-items:flex-start;}}