Globe and Mail: In the financial markets, volatility is rising and all manner of derivatives are employed to hedge against potentially catastrophic losses. In the real world, the climate is becoming more volatile, yet cities and businesses – make that entire industries – are doing little to protect themselves from extreme weather. They are everywhere, endless rows of cookie-cutter towers. Besides being bland, even hideous, they are obviously not built to cope with volatile weather patterns, such as the soaring…

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