LONDON — History rarely repeats itself in exact terms, but it frequently rhymes. In the mid-1980s, the global economy found itself strained to a breaking point by towering external deficits, a runaway US dollar, and aggressive protectionist pressures. The resolution required a bold, coordinated act of statecraft: the 1985 Plaza…
For two decades, the corporate world has operated under a quiet, almost comforting assumption: that the escalating frequency of climate disasters—the scorched earth of wildfires, the devastating surge of floods, and the unrelenting march of extreme weather—would eventually act as a "great awakening." The theory was that once the physical…
