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!important;}.has-custom-dark-gold-border-color{border-color: var(--wp--preset--color--custom-dark-gold) !important;}.has-custom-light-gold-border-color{border-color: var(--wp--preset--color--custom-light-gold) !important;}.has-custom-off-black-border-color{border-color: var(--wp--preset--color--custom-off-black) !important;}.has-custom-off-white-border-color{border-color: var(--wp--preset--color--custom-off-white) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}
126.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;}.has-xxxx-large-font-size{font-size: var(--wp--preset--font-size--xxxx-large) !important;}.has-xxx-large-font-size{font-size: var(--wp--preset--font-size--xxx-large) !important;}.has-xx-large-font-size{font-size: var(--wp--preset--font-size--xx-large) !important;}.has-front-page-subheading-font-size{font-size: var(--wp--preset--font-size--front-page-subheading) !important;}.has-system-font-font-family{font-family: var(--wp--preset--font-family--system-font) !important;}.has-financier-display-font-family{font-family: var(--wp--preset--font-family--financier-display) !important;}.has-financier-text-font-family{font-family: var(--wp--preset--font-family--financier-text) !important;}.has-figure-font-family{font-family: var(--wp--preset--font-family--figure) !important;}.has-figure-condensed-font-family{font-family: var(--wp--preset--font-family--figure-condensed) !important;}
127html{
128    scroll-behavior: smooth;
129}
130
131.wp-block-buttons .wp-block-button__link {
132  transition: all 0.3s ease-in-out;
133}
134
135body button.pum-close.popmake-close {
136    background-color: #0b3e02 !important;
137}
138
139body button.pum-close.popmake-close:hover {
140    background-color: var(--wp--preset--color--custom-dark-gold) !important;
141}
142.pum-container.custom-position {
143    padding-right: 50px !important;
144    padding-left: 30px !important;
145    padding-top: 40px !important;
146    padding-bottom: 30px !important;
147    text-align: center !important;
148}
149
150
151.pum-theme-54628 .pum-content, .pum-theme-default-theme .pum-content{
152    text-align: center;
153}
154
155.popmake-content p{line-height: 1.5 !important;}
156.popmake-content .wp-block-buttons {    justify-content: center !important;}
157
158.one_col.fellow_box .wp-block-column.has-border-color {
159    height: fit-content;
160}
161.three_col.fellow_box {
162    grid-template-columns: 1fr 1fr 1fr;
163}
164.mc4wp-form-255821 .mc4wp-form-fields,form#mc4wp-form-1 input  {
165    width: 100% !important;
166}
167form#mc4wp-form-1 .mc4wp-form-fields input#email {
168    width: 100%;
169}
170@media (max-width: 1024px) {
171 .three_col.fellow_box {
172    grid-template-columns: 1fr 1fr;
173}   
174}
175
176@media (max-width: 640px) {
177 .three_col.fellow_box {
178    grid-template-columns: 1fr;
179}   
180}
181
182
183@media only screen and (min-width: 1024px) {
184    .pum-container.pum-responsive.pum-responsive-medium {
185        width: 100% !important;
186        max-width: 840px !important;
187        margin: 0 auto;
188    }
189}
190
191.empirical_analysis_able td {
192    font-size: 14px;
193    line-height: 1.1;
194    background: #fff;
195    border: 0;
196}
197
198.empirical_analysis_able tbody tr:nth-child(2) {
199    border-bottom: 1px solid;
200}
201
202.empirical_analysis_able tbody tr td:first-child {
203    border-right: 1px solid;
204}
205
206
207
208.speaker-main-row h3 + p {
209    margin: 0px 0 0 0;
210}
211.speaker-main-row h3 {
212    font-family: var(--wp--preset--font-family--financier-display) !important;
213    margin-top: 15px;
214    line-height: 1;
215}
216.dropdown-content {
217    position: absolute;
218    background: #fff;
219    padding: 30px;
220    width: 100%;
221    display: none;
222    left: 0;
223    margin: 40px 0 0 0 !important;
224    z-index: 9;
225}
226.dropdown-btn  a.wp-element-button {
227    background: transparent;
228    color: #bf822b;
229    padding: 0;
230}
231.dropdown-btn  a.wp-element-button:hover {
232    background-color: transparent !important;
233    color: #083e00 !important;
234}
235.speaker-main-row {
236    position: relative;
237    align-items: unset !important;
238}
239.speaker-main-row  .speaker-col {
240    gap: 10px;
241}
242.speaker-col-main {
243    display: flex;
244    flex-direction: column;
245    justify-content: space-between;
246}
247
248.seminarentry{gap: 2em 10rem;}
249.seminarentry h3.wp-block-heading{
250	margin-bottom: 1.5rem;
251	font-size: clamp(27.894px, 1.743rem + ((1vw - 3.2px) * 1.687), 48px);
252font-style: normal;
253    font-weight: 300;
254    letter-spacing: 0.48px;
255    line-height: 1.2;}
256
257.seminarentry .small-heading{
258	padding-bottom: 15px;
259    border-bottom: 1px solid #222222;
260}
261.seminarentry .side-column .wp-block-group{gap: 1rem;}
262
263@media screen and (max-width: 1024px) {
264    .speaker-main-row {     
265        flex-wrap: wrap !important;        
266    }
267	.speaker-main-row > .wp-block-columns {
268    width: calc(50% - 15px);
269}
270	.tab_full_width {
271    grid-template-columns: 100%!important;
272}
273
274.tab_full_width .wp-block-media-text__content {
275    grid-column: 1 !important;
276    grid-row: 2 !important;
277}
278
279.tab_full_width figure.wp-block-media-text__media {
280    grid-column: 1 !important;
281    grid-row: 1 !important;
282}
283.tab_full_width .wp-block-media-text__content{
284     grid-column: 1 !important;
285    grid-row: 2 !important;
286}
287
288.tab_full_width .is-layout-constrained > :where(:not(.alignleft):not(.alignright):not(.alignfull)) {
289    max-width: 100%;
290}
291}
292
293@media screen and (max-width: 767px) {
294    .speaker-main-row {     
295        flex-wrap: wrap !important;        
296    }
297	.speaker-main-row > .wp-block-columns {
298    width: calc(100% - 0px);
299}
300}
301.ez-toc-widget-sticky .widgettitle, .ez-toc-widget-sticky-container nav{
302	padding:10px;
303}
304div.ez-toc-widget-sticky-container.is_stuck{
305	position:sticky !important;
306	max-width:calc(100% + 10%;)
307}
308.widget.ez-toc-widget-sticky > div[style*="float: none"] {
309    display: none !important;
310}
311div.ez-toc-widget-sticky-container .ez-toc-mobile-close-btn{
312	display:none;
313}
314.download-options{
315	padding:10px;
316}
317@media (max-width:781px){
318	/*.widget.ez-toc-widget-sticky{
319		display:none;
320	}*/
321	.ez-toc-widget-sticky-container.mobile-overlay.show{
322		opacity:1 !important;
323		pointer-events:auto !important;
324	}
325	.article-template-wp-custom-template-single-papers-and-explainers .papers-toc-column{
326		        position: relative !important;
327		top:0px !important;
328	}
329}
330/*new cost page design*/
331.bannercontainercostpage{
332	max-width: var(--wp--style--global--wide-size);
333}
334.bannercontainercostpage p{
335	    font-size: 22px;
336    line-height: 1.3em;
337}
338.bannercontainercostpage #aier-calc-cost-form{
339	background: #f3f5f2;
340    color: #000000;
341    padding: 50px 20px;
342    border-radius: 0px;
343    height: 100%;
344    display: flex;
345    align-items: center;
346}
347.bannercontainercostpage #aier-calc-cost-form select{
348	appearance: none;
349    -webkit-appearance: none;
350    -moz-appearance: none;
351
352    background-color: #fff;
353    border: 1px solid #ccc;
354    padding: 12px 40px 12px 16px;
355    font-size: 28px;
356    font-weight: 500;
357    border-radius: 8px;
358    cursor: pointer;
359    transition: border-color 0.3s, box-shadow 0.3s;
360    max-width: 250px;
361
362    background-image: url("data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24'%3E%3Cpath fill='%23999' d='M7 10l5 5 5-5z'/%3E%3C/svg%3E");
363    background-repeat: no-repeat;
364    background-position: right 12px center;
365    background-size: 30px;
366}
367.bannercontainercostpage #aier-calc-cost-form select:focus{
368	 outline: none;
369    border-color: #083e00;
370    box-shadow: 0 0 6px rgba(0, 115, 230, 0.3);
371}
372.bannercontainercostpage #aier-calc-cost-form input{
373	font-size: 28px !important;
374	border-color:#ccc !important;
375	outline:none !important;
376}
377.bannercontainercostpage #aier-calc-cost-form td {
378    font-size: 28px;
379	padding: 5px 0px;
380}
381
382.costlandingpagebanner{padding-left:0px;padding-right:0px;}
383.costbannerbottomsection{
384	margin: 0 auto;
385    gap: 1px;
386}
387.costbannerbottomsection h2.wp-block-heading{
388	padding: 30px 20px;
389    text-align: center;
390    color: #ffffff;
391    background: #0c3e04;
392}
393.costbannerbottomsection h2.wp-block-heading a{color:#ffffff;}
394@media (max-width:1025px){
395	.bannercontainercostpage #aier-calc-cost-form select{
396		font-size:22px;
397	}
398	.bannercontainercostpage #aier-calc-cost-form input{
399		font-size:22px !important;
400	}
401	.bannercontainercostpage #aier-calc-cost-form td {
402		font-size: 22px;
403		padding: 2px 0px;
404	}
405}
406@media (max-width:767px){
407	.bannercontainercostpage #aier-calc-cost-form{
408		    padding: 20px 20px;
409	}
410	.bannercontainercostpage #aier-calc-cost-form select{
411		font-size:18px;
412	}
413	.bannercontainercostpage #aier-calc-cost-form input{
414		font-size:18px !important;
415	}
416	.bannercontainercostpage #aier-calc-cost-form td {
417		font-size: 18px;
418		padding: 5px 0px;
419	}
420
421	.bannercontainercostpage #aier-calc-cost-form  #calculate{
422		height: 44px;
423		padding: 10px 20px !important;
424	}
425	.bannercontainercostpage #aier-calc-cost-form #calc_message{
426		    font-size: 24px;
427	}
428}
429
430@media (min-width: 1390px) {
431	.querycostpage ul li:nth-child(4n){
432	border-right: none !important;
433}
434}
435@media (min-width: 1060px) and (max-width: 1389px) {
436	.querycostpage ul li:nth-child(3n){
437	border-right: none !important;
438}
439}
440@media (min-width: 951px) and (max-width: 1059px) {
441    .querycostpage ul li:nth-child(2n){
442	border-right: none !important;
443}
444}
445/* visiting research page css starts */
446body:not(.logged-in)  .loginvisiblesection, body:not(.logged-in) .headingvisiblelogin, body:not(.logged-in) .loginvisiblebutton, body:not(.logged-in) .loginsection{
447	display:none;
448}
449.bold_gold_color strong, .bold_gold_color b {
450    color: var(--wp--preset--color--custom-dark-gold);
451}
452.upcominglistptag{
453	    max-width: 380px;
454    margin-left: 0 !important;
455}
456/* body.logged-in .fellowshiplistrow{ */
457	.fellowshiplistrow{
458	padding: 20px 0px;
459    border-top: 2px solid #bf822c;
460    border-bottom: 2px solid #bf822c;
461	width:100%;
462}
463@media (min-width: 768px) {
464.fellowshiplistrow {
465    width: calc(50% - calc(var(--wp--preset--spacing--70) / 2));
466}
467}
468.visitinglistcssstarts{
469	padding-left: 20px;
470    margin-top: 5px !important;
471}
472.applicationfelowrow figure.wp-block-image{
473	    width: 100px;
474    flex: 0 0 auto;
475}
476/* body.logged-in  .fellowshiplistrowmaingroup{ */
477.fellowshiplistrowmaingroup{
478	    align-items: stretch;
479}
480/* body.logged-in  .fellowshiplistrowmaingroup .fellowshiplistrow>div{ */
481.fellowshiplistrowmaingroup .fellowshiplistrow>div{
482	flex:1;
483}
484/* body.logged-in  .fellowshiplistrowmaingroup figure.wp-block-image{ */
485.fellowshiplistrowmaingroup figure.wp-block-image{
486	    width: 100px;
487    flex: 0 0 auto;
488}
489.costfeturedimage img, 
490figure.costfeturedimage.wp-block-post-featured-image, figure.costfeturedimage.wp-block-post-featured-image img{
491	height:230px !important;
492	
493}
494.publicationcolumngrid{
495	display:flex;
496	flex-direction:column;
497	gap:2rem;
498}
499.publicationcolumngrid .wp-block-group{
500	gap:1rem;
501}
502.bottomofpagesticycta .wp-block-group{
503	max-width: var(--wp--style--global--wide-size);
504}
505.bottomofpagesticycta{
506	position: fixed;
507    bottom: 0;
508    left: 0;
509    z-index: 100;
510    width: 100%;
511    box-shadow: 0px -3px 7px rgb(255 255 255 / 20%);
512	margin:0px;
513}
514body.page-id-230081.logged-in{
515	padding-bottom:78px;
516}
517.bottomofpagesticycta .wp-block-group p strong{color:var(--wp--preset--color--custom-dark-gold);}
518.bottomofpagesticycta a.wp-block-button__link.has-custom-dark-gold-background-color:hover{
519	background:#ffffff !important;
520	color:#000000 !important;
521}
522/*loginhidesections*/
523body.logged-in .hidewhenlogin{
524	display:none;
525}
526@media (min-width:768px){
527	body.logged-in  .fellowshiplistrow{
528		width: calc(50% - calc(var(--wp--preset--spacing--70) / 2));
529	}
530}
531@media (max-width:1200px){
532	.testimonials-grid.testimonials-fellows{
533		gap: 15px;
534		grid-template-columns: 1fr 1fr 1fr !important;
535	}
536}
537@media (max-width:781px){
538	.publicationcolumngrid{
539	gap:1rem;
540}
541	.testimonials-grid.testimonials-fellows{
542		gap: 15px;
543		grid-template-columns: 1fr 1fr !important;
544	}
545	.fellowshiplistrowmaingroup{
546		gap:0px;
547	}
548	.fellowshiplistrowmaingroup .fellowshiplistrow:first-child{
549		border-bottom:none;
550	}
551}
552@media (max-width:655px){
553	body.page-id-230081.logged-in{
554	padding-bottom: 116px;
555}
556	.bottomofpagesticycta .wp-block-group p{
557		text-align:center;
558	}
559}
560
561/* article_box layout — added via Customizer 2026-05-15 */
562.article_box_main {
563    justify-content: center;
564}
565
566.article_box_main .article_box img {
567    object-fit: cover;
568	    width: 100% !important;
569}
570
571.article_box p {
572    margin-top: 0;
573}
574
575.article_box .wp-block-buttons {
576    margin-top: auto !important;
577}
578
579.article_box {
580    display: flex;
581    flex-direction: column;
582}
583/* public choice policy page styles 2026-06-03 */
584body .member-block {
585	display: grid;
586	grid-template-columns: 1fr 3fr;
587	gap: 10px;
588	place-items: flex-start;
589	padding: 10px;
590	border: 1px solid #dee0dd;
591}
592.pcpp-nl-form {
593  max-width: 660px;
594}
595.pcpp-nl-form .ctct-disclosure {
596	margin-top: 15px;
597	line-height: 1.25;
598}
599body .pcppp-fellow-list .aier-people-list .aier-person h3 {
600  color: hwb(112.3 0% 75.7%) !important;
601  font-family: "Financier Display" !important;
602  font-size: 1.75rem !important;  letter-spacing: 0;
603}
604body .pcppp-fellow-list .aier-people-list .aier-person .aier-person-title {
605  line-height: 1.15;
606  margin: 4px 0 0 0;
607  color: #222;
608  font-family: var(--wp--preset--font-family--financier-text) !important;
609  font-size: var(--wp--preset--font-size--medium) !important;
610  letter-spacing: 0;
611}
612
613body .pcppp-fellow-list .aier-people-list {grid-template-columns: repeat(5,1fr);  gap: 20px;}
614.pcppp-fellow-list .aier-people-list .aier-person {
615	width: auto;
616	min-width: unset;
617	max-width: 100%;
618	margin-bottom: 0;
619	margin-right: 0;padding: 15px;
620  border: 1px solid #dee0dd;
621}
622body .pcppp-fellow-list .aier-people-list .aier-person h3 a{
623font-family: inherit !important;
624  font-size: inherit !important;
625}
626body .pcppp-fellow-list .aier-people-list .aier-person h3 a:hover{
627	color:#bf822b !important;
628}
629@media screen and (max-width:1100px){
630	body .member-block {  grid-template-columns: 1fr 2fr;}
631	body .pcppp-fellow-list .aier-people-list {
632  grid-template-columns: repeat(4,1fr);
633}
634}
635
636@media screen and (max-width:992px){
637	.pcpp-block {
638	flex-direction: column;
639}
640	body .member-block {  grid-template-columns: auto 1fr;  gap: 20px;}
641	body .pcppp-fellow-list .aier-people-list {
642  grid-template-columns: repeat(3,1fr);
643}
644}
645@media screen and (max-width:767px){
646	body .pcppp-fellow-list .aier-people-list {
647  grid-template-columns: repeat(2,1fr);
648  gap: 14px;
649}
650	.pcpp-nl-form {
651padding: 15px !important;
652}
653	.pcpp-nl-form .ctct-form-wrapper .ctct-form-field {  flex: 0 1 auto;}
654	.pcpp-nl-form .ctct-form-wrapper .ctct-form-field {
655  margin: 0 0 1rem;
656  flex: 0 1 auto;
657  width: 70%;
658}
659	.pcpp-nl-form  .ctct-form-field.ctct-form-field-submit {
660	width: auto;
661}
662	.pcpp-nl-form .ctct-form-wrapper form { display: flex;}
663.pcpp-nl-form .ctct-form-wrapper input, .pcpp-nl-form .ctct-form-wrapper input[type="email"] {
664min-width: unset !important;
665  width: 100% !important;
666}
667	 body .member-block .member-block-title{font-size:18px !important;}
668}
669@media screen and (max-width:479px){
670	body .pcppp-fellow-list .aier-people-list {
671  grid-template-columns: repeat(1,1fr);gap:10px;
672}
673	  .pcpp-nl-form .ctct-form-wrapper form {
674flex-direction: column;
675  }
676	  .pcpp-nl-form .ctct-form-wrapper .ctct-form-field {
677width: 100%;
678  }
679	 body .member-block {
680    grid-template-columns: 1fr;
681}
682}
683
684
685
686.wp-site-blocks>header.wp-block-template-part {
687  position: sticky;
688  top: 0;
689  z-index: 100;
690  background: #f3f5f2;
691}
692
693.wp-site-blocks>header.wp-block-template-part .wp-block-spacer {
694  height: 0 !important;
695}
696header .wp-block-navigation__responsive-container-open svg{
697	height: 26px;
698	width: 26px;
699}
700@media (max-width: 1399px) {
701  header .header-row .wp-block-group {
702    flex-wrap: nowrap;
703  }
704
705  header .wp-block-image {
706    max-width: 300px;
707    width: 100%;
708  }
709}
710
711
712@media (max-width: 1299px) {
713
714  .wp-block-search.wp-block-search__button-only .wp-block-search__button {
715    padding: 10px;
716  }
717
718  header .header-row .wp-block-group {
719    flex-wrap: nowrap;
720  }
721
722  header .wp-block-image {
723    max-width: 250px;
724    width: 100%;
725  }
726}
727
728@media (max-width: 1199px) {
729  .wp-block-navigation__responsive-container-open:not(.always-shown) {
730    display: flex;
731  }
732
733  .wp-block-navigation__responsive-container:not(.hidden-by-default):not(.is-menu-open) {
734    display: none;
735  }
736
737  header .wp-block-navigation-submenu {
738    padding: 0 !important;
739  }
740
741  header .wp-block-navigation-submenu li a {
742    padding: .5em 0 !important;
743  }
744
745  header .header-row .wp-block-navigation__container {
746    gap: 10px;
747  }
748
749}
750
751@media (min-width: 1200px) {
752  .wp-block-navigation__responsive-container-open:not(.always-shown) {
753    display: none;
754  }
755
756  .wp-block-navigation__responsive-container:not(.hidden-by-default):not(.is-menu-open) {
757    display: flex;
758  }
759}
760
761
762.ctct-disclosure {
763  margin-top: 10px;
764}
765
766.ctct-disclosure p {
767  color: #fff;
768}
769
770.ctct-disclosure p a {
771    transition: all 0.3s ease-in-out;
772    color: #bf822b;
773}
774
775.ctct-disclosure p a:hover {
776    color: #ffffff !important;
777}
778
779@media (max-width: 781px) {
780
781  .ctct-disclosure p {
782    margin-top: 30px;
783  }
784
785}
786
787
788/* Mailchimp Form Styles */
789.footer-mc-form {
790	width: 100%;
791}
792.new-mc-form label {
793  font-family: 'Figure';
794  font-style: normal;
795  font-weight: 400;
796  line-height: 150%;
797  letter-spacing: 0.02em;
798}
799.new-mc-form .mc4wp-form  input:not([type="radio"]):not([type="checkbox"]):not([type="submit"]){
800min-width:225px;  padding: 17px 20px;  letter-spacing: 0.54px;font-family: Figure;
801  border: none;color:#222;
802}
803.new-mc-form .mc4wp-form input[type="submit"]{
804  border: none;text-transform:uppercase;font-weight: 500;line-height: normal;letter-spacing: 1.6px;  font-family: Figure;  width: 100%;  padding: 17px 20px;
805}
806.new-mc-form .mc4wp-form input[type="submit"]:hover{
807	background-color:#bf822b;
808}
809
810@media (max-width: 640px){
811#popmake-82340,#popmake-140556,#popmake-178621,#popmake-189363{max-width:calc(100% - 20px);}
812}
813@media (max-width: 480px) {
814	.new-mc-form .mc4wp-form input[type="email"] {
815  min-width: 100%;
816max-width: 100%;
817}
818}
819.mc4wp-form-256392 .mc4wp-form-fields {
820    display: inline-flex;
821}
822.mc4wp-form-256392 input[type='submit'], .mc4wp-form-256392 input[type='button'], .mc4wp-form-256392 input[type='reset'], .mc4wp-form-256392 button {
823    vertical-align: top;
824    text-shadow: none;
825    padding: 6px 12px;
826    cursor: pointer;
827    text-align: center;
828    line-height: normal;
829    display: inline-block;
830    background: none;
831    filter: none;
832    background-color: #083e00 !important;
833    color: #ffffff !important;
834    font-size: 16px !important;
835    height: 56px;
836    -webkit-appearance: none;
837}
838.mc4wp-form-256392 input[type='submit']:focus, .mc4wp-form-256392 input[type='button']:focus, .mc4wp-form-256392 input[type='reset']:focus, .mc4wp-form-256392 button:focus, .mc4wp-form-256392 input[type='submit']:hover, .mc4wp-form-256392 input[type='button']:hover, .mc4wp-form-256392 input[type='reset']:hover, .mc4wp-form-256392 button:hover {
839    background: none;
840    filter: none;
841    background-color: #002a00 !important;
842}* {
843  -webkit-font-smoothing: antialiased;
844  -moz-osx-font-smoothing: grayscale;
845text-rendering: optimizeLegibility;
846-tec-border-radius-default: 0 !important;
847}
848
849.event-tickets li:first-child .tribe-tickets__rsvp-ar-guest-list-item-title::after {
850content: '(Registrant)';
851}
852
853.papers-content-and-toc {
854}
855
856.apply-now-ornaments {
857background-size: 100% 1px !important;
858}
859
860.book-grid-template {
861
862grid-template-columns: repeat(auto-fill, 220px) !important;
863}
864
865.book-grid .wp-block-mfb-meta-field-block {
866text-align: left !important;
867}
868/*
869.book_topics_dropdown {
870padding: 10px !important;
871appearance: none !important;
872font-family: var(--wp--preset--font-family--figure) !important;
873font-style: normal !important;
874font-weight: 500 !important;
875font-size: 22px!important;
876letter-spacing: 2% !important;
877color: #083E00 !important;
878border: 1px solid #083E00 !important;
879border-radius: 12px !important;
880background: inherit !important;
881}*/
882
883#archiveList, 
884#archiveList ul {
885margin: 0 !important;
886padding: 0 !important;
887}
888form.ctct-form-196767,
889 #archiveList ul{
890margin: 1.5rem 0 0 0 !important;
891
892}
893#archiveList li {
894list-style: none;
895padding:0;
896margin:0.5rem 0;
897}
898
899#archiveList a {
900font-size:26px;
901letter-spacing:-1%;
902}
903
904form.ctct-form-196767 label {
905font-family: 'Figure';
906font-style: normal;
907font-weight: 400;
908font-size: 18px;
909line-height: 150%;
910/* or 27px */
911letter-spacing: 0.02em;
912
913color: #222222;
914
915}
916
917.article-template-wp-custom-template-single-papers-and-explainers figure.wp-block-post-featured-image {
918margin-top: -30px !important;
919}
920
921#ez-toc-widget-sticky-container ul ul, .ez-toc div.ez-toc-widget-sticky-container ul ul {
922margin: 0 !important;
923padding: 0 !important;
924}
925
926.ez-toc-widget-sticky-container ul li a {
927padding: 0 !important;
928line-height: 1.3 !important;
929}
930
931#ez_toc_widget_sticky--1 .ez-toc-widget-sticky-list li a, .ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 .ez-toc-widget-sticky-list li a {
932font-size: 18px !important;
933}
934
935.download-options h3 {
936font-size: 1.5rem !important;
937display: none !important;
938}
939
940div.ez-toc-widget-sticky-container ul.ez-toc-widget-sticky-list {
941padding: 0 !important;
942
943}
944
945
946.ez-toc-widget-sticky-container li {
947padding-bottom: 2px !important;
948}
949
950.ez-toc-widget-sticky-title {
951font-size: 24px !important;
952font-weight: normal !important;
953}
954
955.ez-toc-widget-sticky .widgettitle { margin-bottom: -3rem !important; }
956
957.ez-toc-widget-sticky-toggle {
958display: none !important;
959}
960
961.papers-toc-column {
962}
963
964@media only screen and (min-width: 768px) {
965.article-template-wp-custom-template-single-papers-and-explainers .papers-toc-column {
966position: sticky !important;
967top: 30px !important;
968align-self: flex-start;
969}
970}
971
972.papers-header-block {
973top: -200px;
974position: relative;
975max-width: 800px;
976}
977
978.papers-header-container {
979margin-bottom: -180px !important;
980}
981
982.article-template-wp-custom-template-single-papers-and-explainers ul.simpletoc-list
983{
984padding-left: 0;
985list-style-position: inside;
986}
987
988.download-options img.file-thumbnail-image {
989  width: 120px;
990  height: 150px;
991  object-fit: contain;
992}
993.download-options img.file-thumbnail-image,
994.download-options img.file-download-image {
995margin-top: 30px;
996}
997
998footer .ctct-message {
999    color: white !important;
1000    font-weight:bold !important;
1001}
1002
1003.pull-up-150 img {
1004top: -150px;
1005margin-bottom: -150px;
1006position: relative;
1007}
1008
1009.event-tickets .tribe-tickets__rsvp-wrapper {
1010max-width:100% !important;
1011}
1012
1013.tribe-common-c-btn BR {
1014display: none !important;
1015}
1016.single-tribe_events .tribe-events-c-subscribe-dropdown, .tribe-events .tribe-events-c-subscribe-dropdown {
1017margin:0 !important;
1018}
1019
1020.tribe-common .tribe-common-c-btn, .tribe-common .tribe-common-c-btn:focus, .tribe-common .tribe-common-c-btn:hover, .tribe-common a.tribe-common-c-btn, .tribe-common a.tribe-common-c-btn:focus, .tribe-common a.tribe-common-c-btn:hover, .tribe-common button.tribe-common-c-btn, .tribe-common button.tribe-common-c-btn:focus, .tribe-common button.tribe-common-c-btn:hover {
1021border-radius: 0 !important;
1022}
1023
1024.tribe-common .tribe-common-c-btn, .tribe-common .tribe-common-c-btn:focus, .tribe-common .tribe-common-c-btn:hover, .tribe-common a.tribe-common-c-btn, .tribe-common a.tribe-common-c-btn:focus, .tribe-common a.tribe-common-c-btn:hover, .tribe-common button.tribe-common-c-btn, .tribe-common button.tribe-common-c-btn:focus, .tribe-common button.tribe-common-c-btn:hover {
1025border: 1px solid rgb(8, 62, 0) !important ;
1026}
1027
1028.tribe-common .tribe-common-c-btn:focus, .tribe-common .tribe-common-c-btn:hover, .tribe-common a.tribe-common-c-btn:focus, .tribe-common a.tribe-common-c-btn:hover, .tribe-common button.tribe-common-c-btn:focus, .tribe-common button.tribe-common-c-btn:hover {
1029background-color: #fff !important;
1030border: 1px solid rgb(8, 62, 0) !important;
1031color: rgb(8, 62, 0) !important;
1032}
1033
1034.tribe-tickets__rsvp-form-button {
1035flex-basis: 100% !important;
1036}
1037
1038
1039
1040.tribe-events-page-template .tribe-block {
1041padding-left: 0 !important;
1042padding-right: 0 !important;
1043
1044}
1045
1046.pcppp-fellow-list .aier-people-list {
1047display: grid;
1048grid-template-columns: auto auto auto;
1049font-family: "Figure" !important;
1050font-size: 18px !important;
1051}
1052
1053.pcppp-fellow-list .aier-people-list .aier-person h3,
1054.pcppp-fellow-list .aier-people-list .aier-person h3 a,
1055.pcppp-fellow-list .aier-people-list .aier-person .aier-person-title {
1056font-family: "Figure" !important;
1057font-size: 18px !important;
1058}
1059
1060.pcppp-fellow-list .aier-people-list img {
1061display: none;
1062}
1063
1064.blend-image img,
1065.blend-image {
1066mix-blend-mode: color-burn;
1067}
1068
1069.epi-grid.wp-block-query.alignwide .is-layout-grid li.wp-block-post {
1070border-right: 0;
1071border-bottom: 1px solid #2221;
1072padding-left: 5vw !important;
1073padding-right: 5vw !important;
1074padding-top: 40px !important;
1075padding-bottom: 40px !important;
1076}
1077
1078.aier-people-list .aier-person img {
1079height: 10vw;
1080width: 10vw;
1081min-width: 170px;
1082min-height: 170px;
1083max-width: 200px;
1084max-height: 200px;
1085margin-bottom: 1vw;
1086object-fit:cover;
1087}
1088
1089.aier-people-list {
1090display: flex;
1091flex-wrap: wrap;
1092}
1093
1094.aier-people-list .aier-person {
1095width:10vw;
1096min-width: 170px;
1097max-width: 200px;
1098margin-bottom: 30px;
1099margin-right: 2vw;
1100}
1101
1102.aier-people-list .aier-person h3,
1103.aier-people-list .aier-person h3 a {
1104font-family: var(--wp--preset--font-family--financier-display) !important;
1105color: var(--wp--preset--color--custom-green) !important;
1106margin: 0;
1107}
1108
1109.aier-people-list .aier-person .aier-person-title {
1110line-height: 1.15;
1111font-family: var(--wp--preset--font-family--financier-text) !important;
1112font-size: var(--wp--preset--font-size--medium) !important;
1113margin: 4px 0 0 0;
1114}
1115
1116
1117
1118* {
1119--tec-color-accent-primary:var(--wp--preset--color--custom-green) !important ;
1120--tec-color-button-primary:var(--wp--preset--color--custom-green) !important; 
1121--tec-font-family-sans-serif: "Financier Text" !important;
1122}
1123
1124.archive .aier-person-photo {
1125float: right;
1126margin-left: 20px;
1127margin-bottom: 20px;
1128}
1129
1130.archive .aier-person-photo img {
1131height: 200px;
1132width: auto;
1133}
1134
1135.archive .aier-person-header {
1136min-height: 240px;
1137} 
1138
1139.tribe-events-schedule__all-day, .tribe-events-schedule__separator, .tribe-events-schedule__timezone {
1140color: inherit !important;
1141}
1142
1143.tec-no-tickets-on-recurring .tribe-block__event-price__cost, .tec-no-rsvp-on-recurring .tribe-block__event-price__cost,
1144.single-tribe_events .tribe-tickets__rsvp-actions-rsvp span {
1145display: none !important;
1146}
1147
1148.tec-tickets__attendees-list-item-attendee-details-rsvp, .tribe-tickets__rsvp-message-text {
1149font-size: 1rem !important;
1150}
1151
1152.single-tribe_events .tribe-tickets__rsvp-title, .single-tribe_events .tribe-tickets__rsvp-description, .single-tribe_events .tribe-tickets__rsvp-availability {
1153text-align:center !important;
1154}
1155
1156.single-tribe_events .event-tickets .tribe-tickets__rsvp-actions {
1157margin: 0 !important;
1158padding: 0 !important;
1159border: 0 !important;
1160
1161}
1162
1163.single-tribe_events .tribe-tickets__rsvp {
1164display: block !important;
1165}
1166
1167.single-tribe_events .tribe-tickets__rsvp-actions-wrapper, .single-tribe_events .tribe-tickets__rsvp-detail
1167s-wrapper {
1168width: auto !important;
1169}
1170
1171.single-tribe_events .tribe-tickets__rsvp-details {
1172margin: 0 !important;
1173}
1174
1175.event-tickets .tribe-tickets__rsvp-availability {
1176margin-top: 0 !important;
1177}
1178
1179
1180.home .tribe_events.type-tribe_events {
1181border-right: none !important;
1182}
1183.tribe_events figure.wp-block-post-featured-image,
1184.tribe_events figure.wp-block-post-featured-image img,
1185.tribe_events figure,
1186.tribe_events figure a img, .home .tribe_events figure,
1187.home .tribe_events figure a img {
1188    object-fit:contain !important;
1189height: auto !important;
1190}
1191
1192
1193.tribe-block.tribe-block__venue {
1194padding: 0 !important;
1195border: none !important;
1196}
1197
1198form.ctct-form-197766 {
1199display: block !important;
1200}
1201
1202form.ctct-form-197766 input, 
1203form.ctct-form-197766 input[type="email"]
1204{
1205min-width: 350px !important;
1206}
1207
1208h2.tribe-events-schedule__datetime {
1209font-family: "Figure" !important;
1210}
1211
1212.tribe-common p {
1213
1214font-size: clamp(14.642px, 0.915rem + ((1vw - 3.2px) * 0.617), 22px);
1215letter-spacing: 0.44px;
1216line-height: 1.4;
1217}
1218
1219.event-tickets .tribe-tickets__rsvp-details {
1220text-align:center;
1221}
1222.post-type-archive-tribe_events .tribe-events-calendar-list__event-cost,
1223#tribe-events-footer { display: none !important; }
1224
1225.tribe-events-page-template .tribe-block {
1226font-family: "Financier Text";
1227font-size: clamp(14.642px, 0.915rem + ((1vw - 3.2px) * 0.617), 22px);
1228letter-spacing: 0.44px;
1229line-height: 1.4;
1230margin: 0 auto;
1231max-width: var(--wp--style--global--wide-size) !important;
1232padding-right: var(--wp--style--root--padding-right);
1233padding-left: var(--wp--style--root--padding-left);
1234}
1235
1236.tribe-common button, .tribe-common input, .tribe-common optgroup, .tribe-common select, .tribe-common textarea {
1237font-family: "Figure" !important;
1238}
1239
1240
1241.tribe-common h1, .tribe-common h2, .tribe-common h3, .tribe-common h4, .tribe-common h5, .tribe-common h6 {
1242font-family: "Financier Text";
1243font-weight: normal !important;
1244} 
1245
1246.tribe-block__venue .tribe-block__venue__meta .tribe-block__venue__address, .tribe-block__venue .tribe-block__venue__meta .tribe-block__venue__phone, .tribe-block__venue .tribe-block__venue__meta .tribe-block__venue__website {
1247font-size: clamp(14.642px, 0.915rem + ((1vw - 3.2px) * 0.617), 22px);
1248letter-spacing: 0.44px;
1249line-height: 1.4;
1250}
1251
1252.tribe-events-page-template .tribe-block a,
1253.tribe-events-page-template .tribe-block h1,
1254.tribe-events-page-template .tribe-block h2,
1255.tribe-events-page-template .tribe-block h3,
1256.tribe-events-page-template .tribe-block h4 {
1257color: var(--wp--preset--color--custom-green) !important;
1258}
1259
1260
1261.tribe-events-page-template .tribe-block a:hover {
1262color: var(--wp--preset--color--custom-dark-gold) !important;
1263}
1264
1265.event-series-aier-events .single-event-top-nav,
1266.event-series-aier .single-event-top-nav {
1267display: none;
1268}
1269
1270.hide-field,
1271.ticket-price-input .forminator-suffix,
1272#textarea-5 .forminator-field {
1273display: none;
1274}
1275
1276#number-2 input[type=number]::before { content: "$"; }
1277
1278
1279.tribe-common .tribe-common-c-btn-border, .tribe-common a.tribe-common-c-btn-border {
1280border-radius: 0 !important;
1281font-family: var(--wp--preset--font-family--figure) !important;
1282}
1283
1284
1285#number-2 input::-webkit-outer-spin-button,
1286#number-2 input::-webkit-inner-spin-button {
1287  -webkit-appearance: none;
1288  margin: 0;
1289}
1290
1291#number-2 input[type=number] {
1292  -moz-appearance: textfield;
1293}
1294
1295.forminator-ui.forminator-custom-form[data-design=default] .forminator-input {
1296border: none !important;
1297}
1298
1299.public-choice-fellow-description {
1300    display: -webkit-box;
1301    -webkit-box-orient: vertical;
1302    -webkit-line-clamp: 4;
1303    line-clamp: 4;
1304    overflow: hidden;
1305}
1306
1307.search_for_mobile {
1308display: none;
1309}
1310
1311@media screen and (max-width: 599px) {
1312.search_for_mobile {
1313display: block;
1314}
1315.search_for_desktop {
1316display: none;
1317}
1318}
1319
1320.homepage-banner .wp-block-media-text__media {
1321min-height: 350px !important;
1322}
1323
1324
1325
1326.wp-container-core-columns-is-layout-4,
1327.wp-container-core-columns-is-layout-5,
1328.wp-container-core-columns-is-layout-6,
1329.wp-container-core-columns-is-layout-3, .wp-container-core-columns-is-layout-7 {
1330gap:1em var(--wp--preset--spacing--50) !important;
1331}
1332
1333.page-id-208098 .wp-container-core-columns-is-layout-4,
1334.page-id-208098 .wp-container-core-columns-is-layout-5,
1335.page-id-208098 .wp-container-core-columns-is-layout-6,
1336.page-id-208098 .wp-container-core-columns-is-layout-3, .page-id-208098 .wp-container-core-columns-is-layout-7,
1337.page-id-208036 .wp-container-core-columns-is-layout-4,
1338.page-id-208036 .wp-container-core-columns-is-layout-5,
1339.page-id-208036 .wp-container-core-columns-is-layout-6,
1340.page-id-208036 .wp-container-core-columns-is-layout-3, .page-id-208036 .wp-container-core-columns-is-layout-7 {
1341gap: 0 5.06rem !important;
1342}
1343
1344
1345
1346
1347.podcasts_research_events h2 {
1348font-size: 26px !important;
1349}
1350
1351.left_side_home_page_display .top_post_border_decoration {
1352position:relative;
1353float:left;
1354left: -80px;
1355top: -90px;
1356}
1357
1358iframe[id^=raiseDonorsEmbedForm] {
1359  height: 2356px;
1360}
1361
1362.left_side_home_page_display li {
1363padding: 45px 50px 50px 80px;
1364}
1365
1366.left_side_home_page_display li:first-of-type {
1367padding: 60px 50px 70px 80px;
1368margin-bottom: 45px;
1369}
1370
1371.left_side_home_page_display li .wp-block-post-excerpt {
1372display: none;
1373}
1374
1375.left_side_home_page_display li:first-of-type .wp-block-post-excerpt {
1376display: block;
1377}
1378
1379.left_side_home_page_display li:first-of-type {
1380background-color: var(--wp--preset--color--custom-green) !important;
1381background-image: url('https://aier.org/wp-content/uploads/2024/07/image-16.png');
1382background-repeat: no-repeat;
1383background-size: 50px 100%;
1384}
1385
1386
1387.left_side_home_page_display li:first-of-type .wp-block-post-author-name,
1388.left_side_home_page_display li:first-of-type .wp-block-post-excerpt {
1389color: white !important;
1390}
1391
1392.left_side_home_page_display li:first-of-type .taxonomy-pertinent_category,
1393.left_side_home_page_display li:first-of-type .taxonomy-pertinent_category a,
1394.left_side_home_page_display li:first-of-type .wp-block-post-terms {
1395color: #BEB9A3 !important;
1396}
1397
1398
1399.left_side_home_page_display li:first-of-type .wp-block-post-author-name a,
1400.left_side_home_page_display li:first-of-type .wp-block-post-title a {
1401color: white;
1402}
1403
1404.left_side_home_page_display li .taxonomy-pertinent_category,
1405.left_side_home_page_display li .taxonomy-pertinent_category a {
1406color: #21212182;
1407}
1408
1409.left_side_home_page_display h5 {
1410margin-bottom: 1.5rem;
1411}
1412
1413
1414
1415
1416footer form {
1417margin: 0 !important;
1418}
1419
1420
1421.book-grid .wp-block-query.alignwide .is-layout-grid li.wp-block-post {
1422padding: 0 !important;
1423border: none !important;
1424}
1425
1426.book-grid .wp-block-mfb-meta-field-block {
1427text-align: center;
1428}
1429
1430.book-grid .placeholder-book {
1431width: 100%;
1432height: 100%;
1433display: block;
1434min-height: 270px;
1435min-width: 180px;
1436border: 1px solid var(--wp--preset--color--custom-off-black);
1437background-color: white;
1438padding: 50% 10px;
1439justify-content: center;
1440}
1441
1442
1443.book-grid img.book-cover {
1444 max-height: 270px;
1445 max-width: 180px;
1446}
1447
1448.first-submenu.wp-block-navigation__submenu-container:first-of-type {
1449  right: auto !important;
1450}
1451
1452.forminator-response-message {
1453display: none !important;
1454}
1455
1456footer .forminator-custom-form input[type="email"] {
1457min-width: 225px !important;
1458font-size: 13px !important;
1459}
1460
1461footer .forminator-custom-form button {
1462font-size: 13px !important;
1463}
1464
1465.wp-block-post-featured-image a img:hover {
1466  opacity: 0.5;
1467}
1468
1469a {
1470text-decoration: none !important;
1471}
1472
1473.single .entry-content p a {
1474text-decoration: underline !important;
1475text-decoration-color: var(--wp--preset--color--custom-dark-gold) !important;
1476text-decoration-thickness: 2.5px !important;
1477text-underline-offset: 2px !important;
1478}
1479
1480.home .podcast .wp-block-post-author-name {
1481display: none !important;
1482}
1483
1484a:hover {
1485color:var(--wp--preset--color--custom-dark-gold) !important;
1486}
1487
1488a.wp-block-button__link:hover {
1489color: white !important;
1490}
1491
1492a.wp-block-button__link.has-custom-green-background-color:hover {
1493background-color: var(--wp--preset--color--custom-dark-gold) !important;
1494}
1495
1496a.wp-block-button__link.has-custom-dark-gold-background-color:hover {
1497background-color: var(--wp--preset--color--custom-green) !important;
1498}
1499
1500.wp-block-navigation__submenu-container.wp-block-navigation-submenu
1501{
1502color: #222;
1503font-family: "Financier Text";
1504font-size: 16px;
1505font-style: normal;
1506font-weight: 400;
1507line-height: 150%; /* 24px */
1508letter-spacing: 0.48px;
1509}
1510
1511.wp-block-navigation__submenu-container.wp-block-navigation-submenu a {
1512color: #222;
1513}
1514/*
1515.entry-content h2,
1516.entry-content h3,
1517.entry-content h4,
1518.entry-content h5 {
1519  margin-bottom: -0.5em;
1520}
1521*/
1522
1523
1524.hide_me,
1525.forminator-edit-module,
1526.staff-description .staff-books {
1527display: none !important;
1528}
1529
1530.entry-content p {
1531overflow-wrap: break-word !important;
1532}
1533
1534.fusion_subheading,
1535.daily_economy_subheading {
1536max-width: 100%;
1537}
1538.page-id-195416 .top-nav-bar,
1539.tax-vertical .top-nav-bar,
1540.page-template-wp-custom-template-research-hub .top-nav-bar {
1541border-bottom: none;
1542}
1543
1544.archive .wp-block-post .wp-block-columns {
1545border-bottom: 1px solid #2221;
1546padding-bottom: 30px;
1547}
1548
1549
1550.wp-block-query.alignwide .is-layout-grid li.wp-block-post,
1551.related-articles li.wp-block-post {
1552  border-right: 1px solid #2221;
1553  padding-right: 30px;
1554}
1555
1556.archive .wp-block-query.alignwide li.wp-block-post {
1557   padding-right: 0 !important;
1558    border-right: none !important;
1559}
1560
1561.wp-block-query.alignwide li.wp-block-post:last-of-type,
1562.related-articles li.wp-block-post:last-of-type {
1563  border-right: 0;
1564}
1565
1566
1567.remote_posts_list {
1568margin-left: 0;
1569padding-left: 0;
1570list-style: none;
1571}
1572
1573.remote_posts_list_item,
1574.fusion_rss li,
1575.rss_daily_economy li {
1576margin-bottom: 1.1rem;
1577border-bottom: 1px solid #2221;
1578padding-top: 0;
1579padding-bottom: 20px;
1580}
1581
1582.remote_posts_list_item {
1583display: flex;
1584gap: 2em var(--wp--preset--spacing--50);
1585}
1586
1587.remote_posts_list_item img {
1588height: 138px !important;
1589width: 184px !important;
1590max-width: inherit !important;
1591object-fit: cover !important;
1592}
1593
1594.local_and_remote_posts_display .remote_posts_list_item img {
1595height: 184px !important;
1596}
1597
1598.local_and_remote_posts_display h2 {
1599font-family: "Financier Text";
1600font-size: 30px;
1601font-style: normal;
1602font-weight: 400;
1603line-height: 1;
1604text-decoration: none;
1605letter-spacing: -0.3px;
1606}
1607
1608.local_and_remote_posts_display .pertinent_categories {
1609font-size: 14px;
1610font-style: italic;
1611font-weight: 400;
1612letter-spacing: 0.28px;
1613color: #21212182;
1614line-height: normal;
1615}
1616
1617/*
1618.local_and_remote_posts_display .remote_posts_list_item p {
1619font-size: 14px;
1620line-height: 1.45;
1621letter-spacing: 0.14px;
1622margin-top: 0.44rem;
1623padding-top: var(--wp--preset--spacing--30);
1624padding-bottom: var(--wp--preset--spacing--30);
1625color: var(--wp--preset--color--custom-off-black) !important;
1626font-family: var(--wp--preset--font-family--financier-text) !important;
1627}
1628*/
1629
1630.addtoany_content {
1631display: none;
1632}
1633
1634.disabled-donation-perk {
1635 opacity: 0.25;
1636}
1637
1638.donation-table ul {
1639  padding: 0;
1640}
1641
1642.donation-table li {
1643list-style: none;
1644margin: 0;
1645border-bottom: 1px solid #fff2;
1646padding: 20px 0;
1647}
1648
1649.donation-table li:last-of-type {
1650border:none;
1651}
1652
1653.podcasts_research_events_subheader {
1654border-bottom: 1.5px solid #222;
1655padding-bottom: 0.67rem;
1656}
1657
1658
1659footer.wp-block-template-part {
1660margin: 0 !important;
1661}
1662
1663.rss_podcast a {
1664color: #083E00;
1665font-family: "Financier Text";
1666font-size: 20px;
1667font-style: normal;
1668font-weight: 400;
1669line-height: normal;
1670letter-spacing: -0.2px;
1671}
1672
1673.fusion_rss a,
1674.rss_daily_economy a {
1675color: #083E00;
1676font-family: "Financier Text";
1677font-size: 26px;
1678font-style: normal;
1679font-weight: 400;
1680line-height: 1;
1681letter-spacing: -0.25px;
1682}
1683
1684.wp-block-rss__item-author, .wp-block-rss__item-publish-date {
1685color: #222;
1686margin-top: 0.5em;
1687font-family: Figure;
1688font-size: 14px;
1689font-style: normal;
1690font-weight: 400;
1691line-height: normal;
1692letter-spacing: 0.28px;
1693}
1694
1695.book-image-pull img {
1696margin-bottom: -150px;
1697z-index: 99999999;
1698display: block;
1699position: relative;
1700}
1701
1702.white-fill img {
1703filter: invert() brightness(200) !important;
1704}
1705
1706.upcomingListItem__title a:active, .upcomingListItem__title a:hover, .upcomingListItem__title a:visited {
1707}
1708
1709.upcomingListItemWrap {}
1710
1711.upcomingListItem__image__wrap {
1712border-radius: 0 !important;
1713}
1714
1715.upcomingListItem__image__wrap img {
1716}
1717
1718.upcomingListItem__when {}
1719
1720
1721.upcomingView__nav {
1722border: 0 !important;
1723}
1724
1725.footer_menu_heading a {
1726 color: #bf822b !important;
1727 text-transform: uppercase !important;
1728 letter-spacing: 1.4px !important;
1729 font-weight: 600 !important;
1730} 
1731
1732
1733.single-research .top-meta p {
1734display: none;
1735}
1736
1737/* hide featured image embedded in post, may need altering  */
1738
1739/*
1740.single-article .entry-content figure:first-of-type {
1741display: none;
1742}
1743*/
1744
1745.entry-content img {
1746max-width: 100%;
1747height: auto;
1748}
1749
1750
1751.green_featured_post_block li:nth-of-type(2) .wp-block-group,
1752.green_featured_post_block li:nth-of-type(3) .wp-block-group {
1753background: inherit !important;
1754padding-bottom: 30px !important;
1755}
1756
1757.green_featured_post_block li:nth-of-type(2) h2 a,
1758.green_featured_post_block li:nth-of-type(3) h2 a,
1759.green_featured_post_block li:nth-of-type(2) .wp-block-post-author-name__link,
1760.green_featured_post_block li:nth-of-type(3) .wp-block-post-author-name__link
1761 {
1762color: var(--wp--preset--color--custom-green) !important;
1763}
1764
1765.green_featured_post_block li:nth-of-type(2) .wp-block-post-terms a,
1766.green_featured_post_block li:nth-of-type(3) .wp-block-post-terms a,
1767.green_featured_post_block li:nth-of-type(2) .wp-block-post-excerpt__excerpt,
1768.green_featured_post_block li:nth-of-type(3) .wp-block-post-excerpt__excerpt {
1769color: rgb(34, 34, 34) !important;
1770}
1771
1772.green_featured_post_block .nav-arrow {
1773position: relative;
1774float: right;
1775right: 40px;
1776top: -50px;
1777}
1778
1779.green_featured_post_block li:nth-of-type(2) .nav-arrow path,
1780.green_featured_post_block li:nth-of-type(3) .nav-arrow path {
1781stroke: #BF822B !important;
1782}
1783
1784.publications-list {
1785columns: 3;
1786gap: 1.5rem;
1787}
1788
1789.publications-list h3 {
1790line-height: 23px !important;
1791font-size: 21px;
1792}
1793
1794.publications-list h3 a {
1795color: #083E00;
1796font-family: "Financier Text";
1797font-size: 21px;
1798font-style: normal;
1799font-weight: 400;
1800letter-spacing: 0.14px;
1801}
1802
1803.publications-list p {
1804color: #222;
1805font-family: "Financier Text";
1806font-size: 16px;
1807font-style: normal;
1808font-weight: 400;
1809line-height: 145%; /* 20.3px */
1810letter-spacing: 0.14px;
1811}
1812.book-item,
1813.publication-item {
1814break-inside: avoid-column;
1815}
1816
1817img.book-cover {
1818width: 100%;
1819max-width: 120px;
1820height: auto;
1821display: block;
1822max-height: 180px;
1823object-fit: cover;
1824
1825}
1826
1827.book-item {
1828padding: 0.5rem 0.5rem 0 0;
1829display: inline-block;
1830}
1831
1832a.button {
1833text-decoration: none !important;
1834color: var(--wp--preset--color--custom-green) !important;
1835background: white;
1836border: 1.5px solid var(--wp--preset--color--custom-green) !important;
1837padding: 0.5rem 0.7rem;
1838display: inline-block;
1839}
1840
1841a.button:hover {
1842text-decoration: none !important;
1843color: white !important;
1844background: var(--wp--preset--color--custom-green) !important;
1845}
1846
1847
1848/** Form Styles **/
1849
1850#mc-embedded-subscribe-form .indicates-required,
1851.forminator-custom-form .forminator-label {
1852display: none !important;
1853}
1854
1855.mc-field-group {
1856margin-bottom: 1rem;
1857}
1858
1859#mc-embedded-subscribe-form input[type="submit"] {
1860margin-top: 1.2rem !important;
1861}
1862
1863#mc-embedded-subscribe-form label {
1864display: block !important;
1865}
1866.ctct-form-wrapper input,
1867.ctct-form-wrapper input[type="email"],
1868.ctct-form-wrapper textarea,
1869.forminator-custom-form.forminator-custom-form-196248 input,
1870.forminator-custom-form.forminator-custom-form-196248 textarea,
1871#mc-embedded-subscribe-form input,
1872.forminator-custom-form input[type="email"] {
1873background: #fff !important;
1874color: #222 !important;
1875border: 1px #BEB9A3 !important;
1876font-family: Figure !important;
1877padding: 17px 20px !important;
1878font-size: 18px !important;
1879font-style: normal !important;
1880font-weight: 400 !important;
1881line-height: normal !important;
1882letter-spacing: 0.54px !important;
1883border-radius: 0 !important;
1884min-width: 225px !important;
1885}
1886
1887.ctct-form-wrapper input,
1888.ctct-form-wrapper input[type="email"] {
1889height:56px !important;
1890
1891}
1892
1893.ctct-form-wrapper input[type="submit"],
1894.ctct-form-wrapper input[type="submit"]:hover,
1895#mc-embedded-subscribe-form input[type="submit"]:hover,
1896.social-share a,
1897a.registration_button,
1898#mc-embedded-subscribe-form input[type="submit"],
1899#aier-calc-cost-form input[type="button"],
1900.forminator-custom-form button {
1901height:56px;
1902text-decoration: none !important;
1903box-shadow: none !important;
1904background: var(--wp--preset--color--custom-dark-gold) !important;
1905color: #FFF !important;
1906padding: 17px 20px !important;
1907text-align: center !important;
1908font-family: Figure !important;
1909font-size: 16px !important;
1910font-style: normal !important;
1911font-weight: 500 !important;
1912line-height: normal !important;
1913letter-spacing: 1.6px !important;
1914text-transform: uppercase !important;
1915border: none !important;
1916border-radius: 0 !important;
1917}
1918.ctct-button,
1919.ctct-disclosure hr,
1920.ctct-form-wrapper label {
1921display:none !important;
1922}
1923
1924.ctct-form-wrapper .ctct-form-196767 label {
1925display: inline-block !important;
1926margin-right: 1rem;
1927}
1928.ctct-form-wrapper .ctct-form-196767 .ctct-form-field:first-child label {
1929display:block !important;
1930}
1931
1932.ctct-form-wrapper input[type='checkbox'] {
1933min-width: auto !important;
1934width: auto !important;
1935height: auto !important;
1936display: inline-block !important;
1937}
1938.ctct-form-wrapper .ctct-form-196767 input[type='checkbox'] {
1939margin-right: 1rem;
1940}
1941
1942
1943.ctct-form-wrapper .ctct-form-196767,
1944.ctct-form-wrapper .ctct-form-196767 .ctct-form-field {
1945display: block !important;
1946margin-bottom:1.5rem;
1947}
1948
1949form.ctct-form.ctct-form-196767 {
1950display: block !important;
1951}
1952
1953a.registration_button {
1954margin: 0;
1955display: inline-block;
1956}
1957.ctct-form-wrapper input,
1958#mc-embedded-subscribe-form input {
1959min-width: 100% !important;
1960}
1961.ctct-form-wrapper input[type="submit"],
1962#mc-embedded-subscribe-form input[type="submit"],
1963.social-share a:hover,
1964a.registration_button:hover,
1965.forminator-custom-form button:hover {
1966background: var(--wp--preset--color--custom-green) !important;
1967color: #FFF !important;
1968border: none !important;
1969border-radius: 0 !important;
1970}
1971.ctct-form-wrapper button:hover,
1972footer .forminator-custom-form button:hover {
1973background:var(--wp--preset--color--custom-dark-gold) !important;
1974color: #FFF !important;
1975border: none !important;
1976border-radius: 0 !important;
1977}
1978.ctct-form-wrapper form,
1979form.forminator-custom-form-193793,
1980form.forminator-custom-form-194018 {
1981  display:inline-flex;
1982  margin-bottom: -1rem !important;
1983}
1984
1985.has-custom-green-background-color .ctct-form-wrapper input[type="submit"] {
1986background:var(--wp--preset--color--custom-dark-gold) !important;
1987}
1988
1989
1990/* People Metadata */
1991
1992.staff-image {
1993height: auto;
1994width: 300px;
1995float: right;
1996}
1997
1998div.link-url a,
1999div.media-contact a {
2000font-style: normal !important;
2001font-weight: 500 !important;
2002line-height: normal !important;
2003letter-spacing: 1.6px !important;
2004text-transform: uppercase !important;
2005text-decoration: none !important;
2006display: inline-block !important;
2007font-size: 14px !important;
2008padding: 0 !important;
2009color: var(--wp--preset--color--custom-dark-gold) !important;
2010}
2011
2012div.link-url,
2013div.media-contact {
2014margin: 1rem 0 0 0 !important;
2015}
2016
2017div.link-url a:hover,
2018div.media-contact a:hover {
2019color: #111;
2020}
2021
2022/* Staff or People Page */
2023
2024.staff-grid img {
2025  aspect-ratio: 1/1 !important;
2026  object-fit: cover !important;
2027width: 100%;
2028height: 100%;
2029}
2030
2031.staff-grid h4 {
2032font-family: var(--wp--preset--font-family--financier-display) !important;
2033font-weight: 400 !important;
2034margin:1rem 0 0 0;
2035}
2036
2037.staff-grid p {
2038font-family: 'Figure';
2039color: #222;
2040}
2041
2042body.single-people .top-meta {
2043display: none !important;
2044}
2045
2046.input-hidden {
2047display: none !important;
2048}
2049
2050.forminator-custom-form.forminator-custom-form-196248 .disable-events-field input,
2051.forminator-custom-form.forminator-custom-form-196248 .disable-events-field textarea {
2052font-size: 18px !important;
2053height: auto !important;
2054line-height: inherit !important;
2055pointer-events:none !important;
2056background-color: inherit !important;
2057border: none !important;
2058padding: 0 !important;
2059margin: 0 !important;
2060
2061}
2062
2063.taxonomy-salon-chapter a {
2064pointer-events: none;
2065}
2066
2067.forminator-custom-form.forminator-custom-form-196248 #section-2 {
2068display: none;
2069}
2070
2071.forminator-custom-form.forminator-custom-form-196248 #section-1 {
2072margin-top: 60px;
2073margin-bottom: 30px;
2074}
2075
2076.forminator-custom-form.forminator-custom-form-196248 .forminator-col {
2077
2078}
2079
2080.forminator-custom-form.forminator-custom-form-196248 .disable-events-field textarea {
2081min-height: auto !important;
2082height: auto !important;
2083max-height: 100px !important;
2084}
2085
2086.forminator-custom-form.forminator-custom-form-196248 #textarea-3 textarea {
2087max-height: 100px !important;
2088}
2089
2090.forminator-custom-form.forminator-custom-form-196248 textarea::-webkit-resizer {
2091  display: none;
2092}
2093
2094.forminator-custom-form.forminator-custom-form-196248 .forminator-row {
2095}
2096
2097.forminator-custom-form.forminator-custom-form-196248 .forminator-label {
2098display: block !important;
2099font-weight: inherit !important;
2100font-size: 0.95rem !important;
2101}
2102
2103/* Eventbrite */
2104
2105.eventbrite-list h3.eaw-title {
2106font-family: "Financier Text";
2107font-size: 26px;
2108font-style: normal;
2109font-weight: 400;
2110letter-spacing: -0.25px;
2111line-height: 26px;
2112}
2113
2114.eventbrite-list .card {
2115background-color: inherit !important;
2116border: none !important;
2117  display: grid !important;
2118  column-gap: 50px !important;
2119}
2120
2121.eventbrite-list .eaw-calendar-date {
2122display:flex;
2123gap:5px;
2124color: rgb(34, 34, 34) !important;
2125margin: 0 0 0.44rem 0;
2126font-family: "Figure" !important;
2127font-size: 14px !important;
2128font-weight: 400 !important;
2129letter-spacing: 2% !important;
2130line-height: 21px !important;
2131}
2132
2133.eventbrite-list .eaw-time,
2134.eventbrite-list .eaw-button-details,
2135.eventbrite-list .eaw-thumb-wrap,
2136.eventbrite-list button {
2137display: none !important;
2138}
2139
2140.eventbrite-list article {
2141padding-bottom: 20px !important;
2142margin-bottom: 20px !important;
2143border-bottom: 1px solid #22222222 !important;
2144}
2145
2146.eventbrite-list .eaw-content-wrap {
2147    display: flex !important;
2148    flex-direction: column !important;
2149}
2150
2151.eventbrite-list .eaw-calendar-date {
2152    order: 2;
2153}
2154
2155.eventbrite-list .eaw-content-block {
2156    order: 1;
2157}
2158
2159
2160.eventbrite-grid .eaw-calendar-date {
2161margin: 0 0 0.5rem 0;
2162display: block;
2163color: #BF822B;
2164font-family: Figure;
2165font-size: 14px;
2166font-style: normal;
2167font-weight: 600;
2168line-height: normal;
2169letter-spacing: 1.4px;
2170text-transform: uppercase;
2171}
2172
2173.eventbrite-grid .eaw-calendar-date div {
2174display: inline-block;
2175margin-right: 2px;
2176}
2177
2178.eventbrite-grid .eaw-time {
2179margin: 0.5rem 0 2rem 0;
2180display: block;
2181color: #222;
2182font-family: Figure;
2183font-size: 14px;
2184font-style: normal;
2185font-weight: 600;
2186line-height: normal;
2187letter-spacing: 1.4px;
2188text-transform: uppercase;
2189}
2190
2191.eventbrite-grid .eaw-button-details {
2192display: none;
2193}
2194
2195.eventbrite-grid .eaw-title {
2196margin: 0.5rem 0 0.5rem 0;
2197font-family: "Figure Condensed";
2198font-size: 32px;
2199font-style: normal;
2200font-weight: 500;
2201line-height: 120%;
2202}
2203
2204.eventbrite-grid .eaw-title a {
2205color: #083E00;
2206}
2207
2208.eventbrite-grid .eaw-booknow a {
2209text-decoration: none !important;
2210box-shadow: none !important;
2211background: var(--wp--preset--color--custom-dark-gold) !important;
2212color: #FFF !important;
2213padding: 17px 20px !important;
2214text-align: center !important;
2215font-family: Figure !important;
2216font-size: 16px !important;
2217font-style: normal !important;
2218font-weight: 500 !important;
2219line-height: normal !important;
2220letter-spacing: 1.6px !important;
2221text-transform: uppercase !important;
2222border: 0 !important;
2223}
2224
2225.eventbrite-grid .eaw-booknow a:hover {
2226background-color:var(--wp--preset--color--custom-green) !important;
2227border: 0 !important;
2228
2229}
2230
2231.eventbrite-grid .card {
2232grid-template-columns: auto auto auto;
2233background-color: inherit !important;
2234border: none !important;
2235  display: grid !important;
2236  column-gap: 50px !important;
2237  row-gap: 80px;
2238}
2239.eventbrite-grid .eaw-thumb-wrap,
2240.eventbrite-grid .eaw-thumb {
2241width: 100% !important;
2242max-width: 100% !important;
2243height: auto !important;
2244max-height: auto !important;
2245}
2246
2247.eventbrite-grid .wfea-card-list-item {
2248display: inline-block !important;
2249}
2250
2251.eventbrite-grid .wfea-card-grid-item {
2252display: block !important;
2253}
2254
2255.eventbrite-grid img {
2256margin: 0 0 1.5rem 0 !important;
2257}
2258
2259/* Inflation Calculator */
2260
2261#aier-calc-cost-form {
2262text-align:center;
2263}
2264
2265#aier-calc-cost-form input[type="text"] {
2266background-color: inherit;
2267border: none;
2268border-bottom: 1px solid;
2269padding-bottom: 0;
2270color: #777;
2271font-size: 36px;
2272line-height: 1;
2273}
2274
2275#aier-calc-cost-form tr {
2276padding: 0.67rem 0;
2277}
2278
2279#aier-calc-cost-form td {
2280font-size: 36px;
2281}
2282
2283#aier-calc-cost-form select,
2284#aier-calc-cost-form option {
2285font-size: 36px;
2286line-height: 1;
2287}
2288
2289#cola-table {
2290width: 100%;
2291}
2292
2293
2294
2295
2296.wp-block-button .wp-block-button__link:hover {
2297
2298color: white !important;
2299background-color: var(--wp--preset--color--custom-green) !important;
2300
2301}
2302
2303
2304.wp-block-term-description p {
2305margin: 1em 0 0 0 !important;
2306}
2307
2308
2309.wp-block-term-description p:first-of-type {
2310margin:0 !important;
2311}
2312
2313.wp-block-term-description a {
2314color:var(--wp--preset--color--custom-dark-gold) !important;
2315}
2316
2317.wp-block-term-description a:hover {
2318color:var(--wp--preset--color--custom-green) !important;
2319}
2320
2321.taxonomy-footer-content {
2322color:var(--wp--preset--color--custom-green) !important;
2323font-family: Figure;
2324font-size: 18px;
2325font-style: normal;
2326font-weight: 400;
2327letter-spacing: 0.36px;
2328line-height: 26.1px;
2329margin: 100px 0 0 0;
2330}
2331
2332.acf-map {
2333    width: 100%;
2334    height: 400px;
2335    border: #ccc solid 1px;
2336    margin: 20px 0;
2337}
2338
2339.acf-map img {
2340   max-width: inherit !important;
2341}
2342
2343
2344
2345.type-event figure.wp-block-post-featured-image, .type-event figure.wp-block-post-featured-image img {
2346max-width: 100% !important;
2347width: 100% !important;
2348height: auto !important;
2349display: block !important;
2350object-fit: contain !important;
2351}
2352
2353
2354.postid-196208 .registration_button, .postid-196209 .registration_button {
2355display: none !important;
2356}
2357
2358.is-menu-open .harwood-salons-menu-item {
2359padding: 0 !important;
2360margin: 0 0 0.5rem 0 !important;
2361}
2362
2363/*
2364figure.wp-block-table {
2365width: 150%;
2366position:relative;
2367left: -25%;
2368}
2369*/
2370
2371/*** Mobile ***/
2372
2373
2374
2375
2376
2377@media screen and (max-width: 782px) {
2378
2379footer .ctct-form-wrapper {
2380width: 100% !important;
2381}
2382
2383footer .ctct-form-wrapper form,
2384footer .ctct-form-wrapper input,
2385footer .ctct-form-wrapper button {
2386display: block !important;
2387width: 100% !important;
2388}
2389
2390footer .ctct-form-wrapper p {
2391margin: 0 !important;
2392}
2393
2394figure.wp-block-post-featured-image,
2395figure.wp-block-post-featured-image img {
2396max-width: 100% !important;
2397width: 100% !important;
2398height: 350px !important;
2399display: block !important;
2400object-fit: cover;
2401}
2402
2403
2404header.wp-block-template-part figure {
2405max-width:300px;
2406}
2407
2408.remote_posts_list_item {
2409display: block !important;
2410}
2411
2412.local_and_remote_posts_display .remote_posts_list_item img,
2413.remote_posts_list_item img {
2414margin-bottom: 1em !important;
2415display: block !important;
2416max-width: 100% !important;
2417width: 100% !important;
2418height: auto !important;
2419}
2420
2421.green_featured_post_block div {
2422min-height: inherit !important;
2423}
2424
2425.green_featured_post_block h2 {
2426font-size: 36px !important;
2427}
2428
2429.green_featured_post_block .nav-arrow {
2430display: none !important;
2431}
2432
2433}
2434
2435@media screen and (max-width:950px) {
2436
2437.page-id-195416 li.type-book {
2438margin: 0 auto;
2439}
2440
2441.eventbrite-grid .card {
2442grid-template-columns: auto auto !important;
2443}
2444
2445.publications-list {
2446columns: auto;
2447gap: 1rem;
2448display: grid;
2449}
2450
2451.books-list {
2452  display: grid;
2453  grid-template-columns: auto auto auto;
2454}
2455
2456img.book-cover {
2457max-width: none;
2458max-height: none;
2459}
2460
2461.mobile-heading-36 {
2462font-size: 36px !important;
2463}
2464
2465.wp-image-193780 {
2466display: flex !important;
2467width: 200px !important;
2468height: auto !important;
2469justify-content: center !important;
2470display: flex !important;
2471margin: 6rem auto 0 auto !important;
2472}
2473
2474.eventbrite-grid img {
2475max-width: 100% !important;
2476width: 100% !important;
2477height: auto !important;
2478}
2479
2480.eaw-thumb-wrap {
2481max-width: 100% !important;
2482}
2483
2484.page-id-193772 .eaw-content-wrap {
2485text-align: center;
2486}
2487
2488.breadcrumb-heading h1,
2489.breadcrumb-heading h2,
2490.breadcrumb-heading {
2491font-size: 62px !important;
2492gap:0 !important;
2493}
2494
2495body {
2496--wp--style--root--padding-left: 30px !important;
2497--wp--style--root--padding-right: 30px !important;
2498}
2499
2500footer .forminator-custom-form input[type="email"],
2501 .forminator-custom-form input[type="email"] {
2502min-width: 225px !important;
2503font-size: 12px !important;
2504}
2505
2506footer .forminator-custom-form button,
2507 .forminator-custom-form button {
2508font-size: 12px !important;
2509}
2510
2511.wp-block-navigation__submenu-container.wp-block-navigation-submenu {
2512padding-right: 0 !important;
2513}
2514
2515.wp-block-query.alignwide .is-layout-grid li.wp-block-post, .related-articles li.wp-block-post {
2516padding-right: 0 !important;
2517border-right: 0 !important;
2518}
2519
2520.transparent_featured_post h2,
2521.transparent_featured_post h5,
2522.transparent_featured_post div {
2523padding-left: 0 !important;
2524padding-right: 0 !important;
2525margin-left: 0 !important;
2526margin-right: 0 !important;
2527}
2528/*
2529h1.wp-block-post-title {
2530font-size: 72px !important;
2531}
2532*/
2533
2534.single .entry-content {
2535font-size: 21px;
2536}
2537
2538footer nav {
2539display: block;
2540width: 100%;
2541}
2542
2543footer .wp-block-column p {
2544  text-align:left !important;
2545}
2546
2547.staff-image {
2548float: none;
2549margin: 0 auto;
2550display: block;
2551}
2552
2553.reverse-mobile-stack .wp-block-columns,
2554.archive .wp-block-post .wp-block-columns {
2555flex-direction: column-reverse;
2556}
2557
2558.eventbrite-grid .card {
2559flex-direction: column; 
2560gap: 5rem;
2561}
2562
2563}
2564
2565
2566
2567@media all and (max-width: 1100px) {
2568
2569.left_side_home_page_display h2 {
2570FONT-SIZE:48PX !IMPORTANT;
2571}
2572
2573.left_side_home_page_display .post-data-display:nth-of-type(2),
2574.left_side_home_page_display .post-data-display:nth-of-type(3) {
2575padding: 45px 20px 50px 20px !IMPORTANT;
2576}
2577
2578.green_featured_post_block li:nth-of-type(2) .wp-block-group,
2579.green_featured_post_block li:nth-of-type(3) .wp-block-group {
2580
2581}
2582
2583.green_featured_post_block li:nth-of-type(3) h5 {
2584padding-top: 0 !important;
2585}
2586
2587}
2588
2589.green_featured_post_block li:nth-of-type(2),
2590.green_featured_post_block li:nth-of-type(3) {
2591margin-left: -40px;
2592}
2593
2594
2595
2596
2597
2598
2599
2600
2601
2602
2603
2604
2605
2606
2607@media screen and (max-width: 782px) {
2608.eventbrite-grid .card {
2609grid-template-columns: auto !important;
2610}
2611
2612.left_side_home_page_display li {
2613padding: 45px 0 50px 0;
2614}
2615
2616.left_side_home_page_display li h2 {
2617font-size: 36px !important;
2618margin-bottom: 1rem !important;
2619line-height: 1.2 !important;
2620}
2621
2622.left_side_home_page_display li:first-of-type {
2623padding: 90px 50px 100px 80px;
2624margin-bottom: 45px;
2625}
2626
2627
2628
2629}
2630
2631
2632
2633
2634
2635
2636@media screen and (max-width: 480px) {
2637
2638
2639.left_side_home_page_display li {
2640padding: 20px 0 30px 0;
2641}
2642
2643.left_side_home_page_display li h2 {
2644font-size: 24px !important;
2645margin-bottom: 1rem !important;
2646line-height: 1.1 !important;
2647}
2648
2649.left_side_home_page_display li:first-of-type {
2650padding: 30px 30px 40px 70px;
2651margin-bottom: 30px;
2652}
2653
2654}
2655
2656
2657
2658
2659@media screen and (max-width:450px) {
2660header .is-layout-flex {
2661flex-wrap: nowrap;
2662}
2663}
2664
2665
2666.episode-synopsis {
2667width: calc(100% - 300px);
2668}
2669
2670.epside-sidebar {
2671width: 300px;
2672}
2673
2674.podcast-hero {
2675    position: relative;
2676    width: 100%;
2677}
2678
2679.podcast-hero__inner {
2680position: relative;
2681width: 100%;
2682}
2683
2684@media screen and (max-width:1160px) {
2685.podcast-hero__inner {
2686padding-right: 0 !important;
2687}
2688}
2689
2690.podcast-hero__image {
2691    position: relative;
2692    width: 100% !important;
2693    height: 0 !important;
2694    padding-top: 56.25% !important;
2695}
2696
2697.podcast-hero__image img {
2698    width: 100% !important;
2699    height: 100% !important;
2700    object-fit: cover;
2701    position: absolute !important;
2702    top: 0 !important;
2703    left: 0 !important;
2704}
2705
2706.podcast-hero__content {
2707position: absolute;
2708width: calc(100% - 60px);
2709bottom: 0;
2710left: 0;
2711max-width: 840px;
2712background-color: #F3F5F2;
2713padding: 50px 60px 0 0;
2714box-sizing: border-box;
2715}
2716
2717.podcast-hero__excerpt {
2718margin: 0 !important;
2719}
2720
2721.wp-block-file__button.wp-element-button {
2722    background-color: var(--wp--preset--color--custom-dark-gold) !important;
2723border-radius: 0px;
2724align-content: center;
2725    box-sizing: border-box;
2726    cursor: pointer;
2727    display: inline-block;
2728    height: 100%;
2729    text-align: center;
2730    word-break: break-word;
2731line-height: inherit;
2732    padding: calc(0.667em + 2px) calc(1.333em + 2px);
2733border-width: 0;
2734    color: #fff;
2735    letter-spacing: 1.6px;
2736    text-transform: uppercase;
2737    font-size: clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.168), 16px);
2738    letter-spacing: 1.6px;
2739    text-transform: uppercase;
2740font-family: var(--wp--preset--font-family--figure) !important;
2741margin-left: 0;
2742}
2743
2744.wp-block-file__button.wp-element-button:hover {
2745background-color: var(--wp--preset--color--custom-green) !important;
2746color: white !important;
2747}
2748
2749#wp-block-file--media-7066df88-502a-458e-a683-251c5f27d8bc {
2750display: none;
2751}
2752
2753.pull-down-200 {
2754margin-bottom: -200px;
2755}
2756
2757@media screen and (max-width: 1200px) {
2758.testimonials-grid {
2759grid-template-columns: 1fr 1fr !important;
2760}
2761}
2762
2763@media screen and (max-width: 700px) {
2764.testimonials-grid {
2765grid-template-columns: 1fr !important;
2766}
2767}
2768
2769
2770figcaption {
2771font-size: 14px;
2772letter-spacing: 2%;
2773line-height: 1.3;
2774font-family: var(--wp--preset--font-family--financier-text) !important;
2775}
2776:root{--wp--preset--duotone--dark-grayscale:url(#wp-duotone-dark-grayscale);}
2777/*# sourceURL=global-styles-inline-css */
2778</style>
2779<style id='core-block-supports-inline-css'>
2780.wp-container-core-navigation-is-layout-aa60f3ea{justify-content:flex-end;}.wp-container-core-group-is-layout-0e26fddb{justify-content:space-between;}
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2967</header>
2968
2969<figure style="aspect-ratio:auto;width:100%;height:785px; margin-top:0;" class="alignwide wp-block-post-featured-image"><img width="1215" height="810" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201215%20810'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" style="width:100%;height:100%;object-fit:cover;" decoding="async" fetchpriority="high" data-lazy-srcset="https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52.png 1215w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-400x267.png 400w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-800x533.png 800w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-768x512.png 768w" data-lazy-sizes="(max-width: 1215px) 100vw, 1215px" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52.png" /><noscript><img width="1215" height="810" src="https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" style="width:100%;height:100%;object-fit:cover;" decoding="async" fetchpriority="high" srcset="https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52.png 1215w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-400x267.png 400w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-800x533.png 800w, https://aier.org/wp-content/uploads/2026/09/banner-September-28-2026-at-09.37.52-768x512.png 768w" sizes="(max-width: 1215px) 100v
2969w, 1215px" /></noscript></figure>
2970
2971
2972<div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained">
2973<div class="wp-block-group alignwide papers-header-container has-global-padding is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-02603095 wp-block-group-is-layout-constrained" style="min-height:0px">
2974<div class="wp-block-group papers-header-block has-custom-off-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-133cc7c8 wp-block-group-is-layout-flex" style="padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--60);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)">
2975<div class="wp-block-group alignwide has-custom-dark-gold-color has-text-color has-link-color has-figure-font-family wp-elements-2d7c2c069420f5d4a6a39873a4e98ef3 is-layout-flex wp-container-core-group-is-layout-da267d74 wp-block-group-is-layout-flex" style="font-size:14px;font-style:normal;font-weight:500;letter-spacing:10%;text-transform:uppercase"><div class="taxonomy-aier-person wp-block-post-terms"><a href="https://aier.org/people/bryan-cutsinger/" rel="tag">Bryan Cutsinger</a></div>
2976
2977
2978<p>|</p>
2979
2980
2981<div class="wp-block-post-date"><time datetime="2026-09-30T09:00:00-04:00"><a href="https://aier.org/article/how-the-fed-distortscorporate-profits/">9/30/26</a></time></div></div>
2982
2983
2984<h1 style="font-style:normal;font-weight:300;line-height:1; margin-top:0px;" class="has-link-color alignwide wp-elements-29144db7192205190e91794baa595a7b wp-block-post-title has-text-color has-custom-green-color has-xxx-large-font-size has-financier-display-font-family">How the Fed Distorts Corporate Profits</h1>
2985
2986<div style="font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.336), 18px);font-style:normal;font-weight:400;line-height:1.65;" class="wp-block-post-excerpt has-figure-font-family"><p class="wp-block-post-excerpt__excerpt">By looking at the money that the Fed sends to the US Treasury each year, this explainer demonstrates how much these funds distort the perceived success or failure of American businesses. </p></div></div>
2987</div>
2988</div>
2989
2990
2991
2992<div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained">
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2994<div class="wp-block-column papers-toc-column has-financier-text-font-family is-layout-flow wp-block-column-is-layout-flow" style="font-size:clamp(15.747px, 0.984rem + ((1vw - 3.2px) * 0.692), 24px);line-height:1.55;flex-basis:33.33%"><div class="widget ez-toc-widget-sticky">
2995<div id="ez-toc-widget-sticky-container" class="ez-toc-widget-sticky-container ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 ez-toc-widget-sticky-v2_0_86 ez-toc-widget-sticky counter-hierarchy ez-toc-widget-sticky-container ez-toc-widget-sticky-direction">
2996<h2 class="widgettitle">
2997<p>                    <span class="ez-toc-widget-sticky-title-container"></p>
2998<style>
2999                            #ez_toc_widget_sticky--1 .ez-toc-widget-sticky-title , .ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 .ez-toc-widget-sticky-title {
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3005															                                    font-size: 24px;
3006															                                    font-weight: 400;
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3008<p>							}
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3010                                background-color: #ededed;
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3014                            .ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 .ez-toc-sidebar { background-color: #fff !important; }
3015                                                                                </style>
3016<p>
3016                                                <span class="ez-toc-widget-sticky-title-toggle"></p>
3017<p>                                <span class="ez-toc-widget-sticky-title ez-toc-toggle" style="cursor: pointer">Table of Contents</span><a href="#" class="ez-toc-widget-sticky-pull-right ez-toc-widget-sticky-btn ez-toc-widget-sticky-btn-xs ez-toc-widget-sticky-btn-default ez-toc-widget-sticky-toggle" aria-label="Widget Easy TOC toggle icon"><span style="border: 0;padding: 0;margin: 0;position: absolute !important;height: 1px;width: 1px;overflow: hidden;clip: rect(1px 1px 1px 1px);clip: rect(1px, 1px, 1px, 1px);clip-path: inset(50%);white-space: nowrap;">Toggle Table of Content</span><span class=""><span class="eztoc-hide" style="display:none;">Toggle</span><span class="ez-toc-icon-toggle-span"><svg style="fill: #999;color:#999" xmlns="http://www.w3.org/2000/svg" class="list-377408" width="20px" height="20px" viewBox="0 0 24 24" fill="none"><path d="M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z" fill="currentColor"></path></svg><svg style="fill: #999;color:#999" class="arrow-unsorted-368013" xmlns="http://www.w3.org/2000/svg" width="10px" height="10px" viewBox="0 0 24 24" version="1.2" baseProfile="tiny"><path d="M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z"/></svg></span></span></a></p>
3018<p>                                                    </span><br />
3019                    </span></p>
3020</h2>
3021<nav>
3022<ul class='ez-toc-widget-sticky-list ez-toc-widget-sticky-list-level-1 ' >
3023<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-1" href="#1-introduction" >1. Introduction</a></li>
3024<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-2" href="#2-how-much-the-fed-moves-the-corporate-profit-number" >2. How Much the Fed Moves the Corporate Profit Number</a></li>
3025<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-3" href="#3-what-are-fed-remittances" >3. What Are Fed Remittances?</a></li>
3026<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-4" href="#4-how-remittances-grew-so-large" >4. How Remittances Grew So Large</a></li>
3027<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-5" href="#5-why-the-payments-stopped" >5. Why the Payments Stopped</a></li>
3028<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-6" href="#6-the-deferred-asset" >6. The Deferred Asset</a></li>
3029<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-7" href="#7-how-the-fed-gets-into-corporate-profits" >7. How the Fed Gets Into Corporate Profits</a></li>
3030<li class='ez-toc-widget-sticky-page-1 ez-toc-widget-sticky-heading-level-2'><a class="ez-toc-link ez-toc-heading-8" href="#8-reading-corporate-profits-correctly" >8. Reading Corporate Profits Correctly</a></li>
3031</ul>
3032</nav>
3033</div>
3034</div>
3035
3036
3037<div class="download-options">
3038<h3>Download options</h3>
3039<p><a href="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-V5.pdf"><img class="file-thumbnail-image" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/Cover-Fed-Distorts-Corporate-Profits-V5-1.png"><noscript><img class="file-thumbnail-image" src="https://aier.org/wp-content/uploads/2026/09/Cover-Fed-Distorts-Corporate-Profits-V5-1.png"></noscript></a><br /><a href="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-V5.pdf"><img class="file-download-image" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" data-lazy-src="https://aier.org/wp-content/uploads/2025/03/download-pdf.svg"><noscript><img class="file-download-image" src="https://aier.org/wp-content/uploads/2025/03/download-pdf.svg"></noscript></a></p>
3040</div>
3041</div>
3042
3043
3044
3045<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:66.66%"><div style="font-size:clamp(15.747px, 0.984rem + ((1vw - 3.2px) * 0.692), 24px);line-height:1.45;" class="entry-content wp-block-post-content has-financier-text-font-family is-layout-flow wp-block-post-content-is-layout-flow">
3046<p><strong><em>A Primer on Federal Reserve Remittances</em></strong></p>
3047
3048
3049
3050<p></p>
3051
3052
3053<h2 class="wp-block-heading" id="1-introduction">1. Introduction</h2>
3054
3055
3056<p>Corporate profits serve as a widely watched barometer of American business. As reported in the <a href="https://www.bea.gov/resources/methodologies/nipa-handbook" target="_blank" rel="noreferrer noopener">national accounts</a> — the official economic ledgers the Bureau of Economic Analysis (BEA) compiles — they appear to measure the earnings of American companies. But that headline figure contains something that is not a business at all: the net earnings of the Federal Reserve.</p>
3057
3058
3059
3060<p>The BEA counts the Fed alongside banks, manufacturers, retailers, and every other company, so when the Fed earns a great deal, corporate profits rise. When the Fed loses money, as it has since late 2022, corporate profits fall. Since 2023, setting the Fed aside leaves corporate profits higher than the reported total, enough to change the story the number tells about how profitable American companies really are, though that distortion has shrunk recently.</p>
3061
3062
3063
3064<p>The Fed’s payments to the Treasury are easy to overlook and easy to misread. The same dollars surface in more than one place: as the Federal Reserve’s net earnings, as a slice of the nation’s corporate profits, and, until 2018, as a line in the corporate-tax accounts. When the Fed was profitable, those figures rose together; when it swung to losses, the two that still exist fell together. The payments themselves are now near zero, but the Fed’s imprint on the corporate-profits statistic has not gone away. Anyone who reads that statistic, and many do, needs to know that a central bank is sitting inside it, and to take the Fed out before drawing conclusions.<
3064/p>
3065
3066
3067
3068<p>Where do these central-bank earnings come from, why did they recently turn to losses, and how much do they move the corporate-profits number? Answering each question means following the money the Fed sends to the US Treasury each year, known as its <em>remittances</em>.</p>
3069
3070
3071
3072<p>This explainer measures how much these remittances distort the corporate-profits figure. It then explains what remittances are and where they originate, how the balance sheet the Fed built after  2008 made them so large, why the rate increases that began in 2022 stopped them, what the Fed does with the resulting losses, and how those losses ultimately get counted in corporate profits.</p>
3073
3074
3075<h2 class="wp-block-heading" id="2-how-much-the-fed-moves-the-corporate-profit-number">2. How Much the Fed Moves the Corporate Profit Number</h2>
3076
3077
3078<p>According to the <a href="https://apps.bea.gov/iTable/?reqid=19&amp;step=2&amp;isuri=1&amp;categories=survey" target="_blank" rel="noreferrer noopener">BEA</a>, in 2021 the Fed added about $108 billion to corporate profits and in 2022, the year inflation peaked, it added about $59 billion. Those were the years when high corporate profits fueled charges of “greedflation,” the claim that companies were driving inflation by padding their profit margins. Whatever one makes of that debate, part of the profit totals cited in it was not private profit at all but the earnings of the Federal Reserve.</p>
3079
3080
3081
3082<p>In 2023, things swung the other way, with the Federal Reserve’s losses subtracting about $115 billion from corporate profits. That swing is large enough to flip the published picture: set the Fed aside, and corporate profits in 2023 come to about $4,003 billion, above the reported total of about $3,888 billion. Both figures are corporate profits with the inventory valuation adjustment, the basis BEA uses in NIPA Table 6.16D, which strips price-driven inventory gains out of profits. The same inversion held in 2024 and 2025, but by a shrinking margin as the Fed’s losses faded: the Fed subtracted about $78 billion in 2024 and about $23 billion in 2025.</p>
3083
3084
3085
3086<p>As Figure 1 (next page) shows, the headline figure can mislead in both directions. Through 2022, it overstated the earnings of American business, increasing the profit totals at the center of the greedflation debate. By contrast, in 2023, 2024, and 2025, it understated them. Taking the headline figure at face value would have overstated how well businesses were doing in 2021 and 2022 and understated how well they were doing in the years since.</p>
3087
3088
3089
3090<p class="has-text-align-center"><br><strong>Figure 1: Corporate Pro</strong>fi<strong>ts with and without the Fed’s Earnings</strong><br><strong>(2018–2025)</strong></p>
3091
3092
3093
3094<figure class="wp-block-image size-large"><img decoding="async" width="800" height="485" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%20485'%3E%3C/svg%3E" alt="" class="wp-image-256446" data-lazy-srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-800x485.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-400x242.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-768x465.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-1536x930.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1.jpg 1661w" data-lazy-sizes="(max-width: 800px) 100vw, 800px" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-800x485.jpg" /><noscript><img decoding="async" width="800" height="485" src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-800x485.jpg" alt="" class="wp-image-256446" srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-800x485.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-400x242.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-768x465.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1-1536x930.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-1.jpg 1661w" sizes="(max-width: 800px) 100v
3094w, 800px" /></noscript></figure>
3095
3096
3097
3098<p><em>Source: BEA, NIPA Table 6.16D. Corporate profits with inventory valuation adjustment.</em></p>
3099
3100
3101
3102<p>This distortion is easy to miss because, from the federal government’s point of view, the Fed’s swings largely wash out. Much of the Fed’s income is interest the Treasury pays on the government bonds the Fed owns, in effect, one arm of the government paying another. Combine the Treasury’s books with the Fed’s, and the federal government’s overall finances change far less than either set of numbers alone would suggest.</p>
3103
3104
3105
3106<p>Corporate profits, however, are not a government account. They are a measure of the business sector, and they include the Fed’s earnings rather than netting them out. As a result, a statistic meant to track private enterprise ends up including the central bank’s earnings and therefore distorts what corporate profits tell us about how well the private sector is doing.</p>
3107
3108
3109<h2 class="wp-block-heading" id="3-what-are-fed-remittances">3. What Are Fed Remittances?</h2>
3110
3111
3112<p>The Federal Reserve System consists of a Board of Governors in Washington, DC, and <a href="https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm" target="_blank" rel="noreferrer noopener">12 regional Federal Reserve Banks</a>. Together they hold a large portfolio of securities that earn interest. The securities are mostly US Treasury bonds and mortgage-backed securities. From this income, the Fed covers its operating expenses and pays a dividend, <a href="https://www.federalreserve.gov/aboutthefed/section7.htm" target="_blank" rel="noreferrer noopener">set by law</a>, to the member banks that hold stock in the regional Reserve Banks. Whatever is left, after the Fed sets aside a small cushion of capital. The Fed sends to the Treasury. Those payments are its remittances. Those same earnings are what the BEA includes in the nation’s corporate-profits total, which is why the size of the Fed’s surplus matters for measuring corporate profitability.</p>
3113
3114
3115
3116<p>Much of this income comes in the form of <em>seigniorage</em>, the revenue a government earns from issuing money. The Fed buys interest-bearing assets and funds part of them with liabilities that cost it nothing, above all, the paper currency in circulation. Households and businesses hold Federal Reserve notes without earning interest on them, while the Fed earns a return on the assets it holds against those notes. Net of the cost of supplying the currency, that return is revenue, much of which has historically reached the Treasury.</p>
3117
3118
3119
3120<p>Not all of the remittance revenue is seigniorage in this strict sense, however. That description fits only one of the Fed’s liabilities: currency in circulation. The asset side imposes a second qualification. A large share of the Fed’s portfolio is Treasury bonds, and the interest on those bonds is paid by the Treasury itself. When that interest returns to the Treasury as a remittance, the government has simply paid itself, leaving its net position unchanged.</p>
3121
3122
3123
3124<p>The genuine gain is the interest the Treasury avoids paying because part of the government’s liabilities are costless currency rather than bonds — in effect, revenue it obtains without levying an explicit tax. The Fed also earns whatever spread separates the yield on its assets from the cost of its remaining liabilities, but that spread is compensation for the interest-rate risk of funding long-term assets with short-term ones, and it can just as easily run the other way. The distinction became relevant in 2008, when the Fed began paying interest on a second, much larger class of liabilities: reserves, the deposits that commercial banks themselves keep at the Fed.</p>
3125
3126
3127<h2 class="wp-block-heading" id="4-how-remittances-grew-so-large">4. How Remittances Grew So Large</h2>
3128
3129
3130<p>Before 2008, the Federal Reserve’s balance sheet — its total holdings of securities and other assets — was modest, on the order of $900 billion, and bank reserves were scarce and earned no interest from the Fed. The financial crisis changed both facts. Through successive roun
3130ds of large-scale asset purchases, commonly called quantitative easing, the Fed bought trillions of dollars in Treasury and mortgage-backed securities, and by the time the last of those programs ended in 2014, its balance sheet had grown to roughly <a href="https://fred.stlouisfed.org/series/WALCL" target="_blank" rel="noreferrer noopener">$4.5 trillion</a>. A second and faster expansion followed in 2020, when the Fed met the pandemic with another round of purchases that carried the balance sheet to a peak of nearly $9 trillion in April 2022.</p>
3131
3132
3133
3134<p>The Fed paid for those securities by crediting the accounts of the commercial banks through which the sales of those securities settled; whoever sold the bonds to the Fed got paid through a bank, and the banking system as a whole ended up holding far more reserves than before. As a result, reserves grew from a scarce resource into an abundant one.</p>
3135
3136
3137
3138<p>That expansion came with a change in how the Fed steers interest rates. Under the <em><a href="https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2019/5/cj-v39n2-5.pdf" target="_blank" rel="noreferrer noopener">floor system</a></em> adopted after 2008, the Fed no longer keeps reserves scarce to set its policy rate; instead, it pays banks interest on the reserves they hold, the interest on reserve balances, or IORB. A bank will not lend reserves for less than it can earn by leaving them at the Fed, so that rate sets a floor under short-term rates, in principle. In practice, the floor isn’t binding because government-sponsored enterprises and other lenders are not eligible for IORB and are thus willing to lend below it. A companion facility, the overnight reverse repurchase agreement facility, or ON RRP, pays a slightly lower rate to money-market funds and others that cannot hold cash as reserves at the Fed directly, pulling the floor down to that level. ON RRP balances were very large in 2022 and 2023 and have since fallen close to zero.</p>
3139
3140
3141
3142<p><br>So long as the rate the Fed paid on reserves stayed well below the yield on its securities, this arrangement was highly profitable. A multitrillion-dollar portfolio of higher-yielding bonds, funded by currency and reserves that cost the Fed little, threw off substantial net income. That is why the Fed’s net earnings climbed as its balance sheet grew, reaching roughly $108 billion in 2021 (see Figure 2, below). In that year, the portfolio earned about $122 billion in interest while the Fed paid only about $6 billion in interest expense; after operating costs and the member-bank dividend, what remained was net earnings of about $108 billion, nearly all of it sent to the Treasury and, in turn, folded into the national corporate-profits total. But the same structure carried a hidden vulnerability: the Fed’s costs would climb with the interest rate it paid on reserves. When that rate rose, as the next section describes, the arrangement reversed.</p>
3143
3144
3145
3146<p class="has-text-align-center"><strong>Figure 2: Federal Reserve Net Earnings (1998–2025)</strong></p>
3147
3148
3149
3150<figure class="wp-block-image size-large"><img decoding="async" width="800" height="492" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%20492'%3E%3C/svg%3E" alt="" class="wp-image-256447" data-lazy-srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-800x492.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-400x246.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-768x473.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-1536x945.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2.jpg 1662w" data-lazy-sizes="(max-width: 800px) 100vw, 800px" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-800x492.jpg" /><noscript><img decoding="async" width="800" height="492" src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-800x492.jpg" alt="" class="wp-image-256447" srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-800x492.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-400x246.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-768x473.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2-1536x945.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-2.jpg 1662w" sizes="(max-width: 800px) 100v
3150w, 800px" /></noscript></figure>
3151
3152
3153
3154<p><em>Source: BEA.</em></p>
3155
3156
3157<h2 class="wp-block-heading" id="5-why-the-payments-stopped">5. Why the Payments Stopped</h2>
3158
3159
3160<p><br>The reversal came with the Fed’s campaign against inflation. Beginning in 2022, the Fed raised its policy rate rapidly, which under the floor system meant raising the interest it pays on reserves and reverse repos. Those payments are its main expense, and they rose sharply, while its income stayed locked in by a portfolio bought earlier at low yields. As the rate paid on reserves climbed above the average yield on that portfolio, expense overtook income. On an annual basis, the two lines crossed in 2023 (see Figure 3, below), when the Fed took in about $163.8 billion in interest income and paid out about <a href="https://www.federalreserve.gov/newsevents/pressreleases/other20240112a.htm" target="_blank" rel="noreferrer noopener">$281.1 billion in interest expense</a>; after its other income and operating costs, the loss for the year came to about $115 billion.</p>
3161
3162
3163
3164<p class="has-text-align-center"><strong>Figure 3: Federal Reserve Interest Income and Interest Expense</strong><br><strong>(2016–2025)</strong></p>
3165
3166
3167
3168<figure class="wp-block-image size-large"><img decoding="async" width="800" height="483" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%20483'%3E%3C/svg%3E" alt="" class="wp-image-256448" data-lazy-srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-800x483.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-400x242.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-768x464.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-1536x928.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3.jpg 1655w" data-lazy-sizes="auto, (max-width: 800px) 100vw, 800px" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-800x483.jpg" /><noscript><img loading="lazy" decoding="async" width="800" height="483" src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-800x483.jpg" alt="" class="wp-image-256448" srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-800x483.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-400x242.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-768x464.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3-1536x928.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-3.jpg 1655w" sizes="auto, (max-width: 800px) 100vw, 800px" /></noscript></figure>
3169
3170
3171
3172<p><em>Source: Federal Reserve Board, annual Reserve Bank income and expense releases and the Federal Reserve System’s audited annual financial statements. Interest income is interest earned on securities held in the System Open Market Account. Interest expense is interest paid on reserve balances plus interest on securities sold under agreements to repurchase. Figures for2025 come from the audited statements released March 25, 2026.</em></p>
3173
3174
3175
3176<p><br>A central bank that loses money does not stop operating, nor does it bill the Treasury for the shortfall. Instead, the Fed records what it calls a deferred asset: an accounting entry for the future earnings it must recover before it can resume payments to the Treasury. As losses pile up, the deferred asset grows, and remittances are suspended until it has been worked off. Most Reserve Banks halted their weekly remittances in September 2022, and the deferred asset has climbed steadily since, from about $19 billion at the end of 2022 to roughly $243 billion at the end of 2025. It peaked at about $246 billion in the week ending January 28, 2026, and has fallen since, to about $233 billion as of the August 5, 2026 release (see Figure 4, below).</p>
3177
3178
3179
3180<p class="has-text-align-center"><strong>Figure 4: The Federal Reserve’s Deferred Asset (2022–2026)</strong></p>
3181
3182
3183
3184<figure class="wp-block-image size-large"><img decoding="async" width="800" height="445" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%20445'%3E%3C/svg%3E" alt="" class="wp-image-256449" data-lazy-srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-800x445.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-400x222.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-768x427.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-1536x854.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4.jpg 1622w" data-lazy-sizes="auto, (max-width: 800px) 100v
3184w, 800px" data-lazy-src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-800x445.jpg" /><noscript><img loading="lazy" decoding="async" width="800" height="445" src="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-800x445.jpg" alt="" class="wp-image-256449" srcset="https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-800x445.jpg 800w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-400x222.jpg 400w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-768x427.jpg 768w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4-1536x854.jpg 1536w, https://aier.org/wp-content/uploads/2026/09/Fed-Distorts-Corporate-Profits-fig-4.jpg 1622w" sizes="auto, (max-width: 800px) 100vw, 800px" /></noscript></figure>
3185
3186
3187
3188<p><em>Source: Federal Reserve, H.4.1, ‘Earnings remittances due to the US Treasury.’ Published as a negative liability; the sign is reversed here so the deferred asset appears as a positive value.</em></p>
3189
3190
3191
3192<p><br>Cash payments to the Treasury did not fall to exactly zero. The Reserve Banks still transferred <a href="https://www.federalreserve.gov/newsevents/pressreleases/other20230113a.htm" target="_blank" rel="noreferrer noopener">about $76 billion in 2022</a>, most of it earned before the suspension took hold in September. After that the flow nearly stopped: <a href="https://www.federalreserve.gov/newsevents/pressreleases/other20240112a.htm" target="_blank" rel="noreferrer noopener">under $1 billion in 2023</a>, and only a few billion a year since, sent by the handful of Reserve Banks that turned a profit in particular weeks.</p>
3193
3194
3195
3196<p>But the net-remittances line <a href="https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm" target="_blank" rel="noreferrer noopener">in the Fed’s own audited financial statements</a> turned sharply negative in the loss years. That negative figure is an accounting accrual, the building of the deferred asset, not money flowing in either direction between the Fed and the Treasury.</p>
3197
3198
3199<h2 class="wp-block-heading" id="6-the-deferred-asset">6. The Deferred Asset</h2>
3200
3201
3202<p>These losses do not threaten the Fed’s solvency, and the reason why shows just how different a central bank is from the companies it shares the corporate-profits statistic with. When an ordinary company loses money, the loss comes out of its capital, the shareholders’ stake in the firm, and losses on this scale would push it toward insolvency. The Fed’s books work differently: the deferred asset charges its losses against future remittances to the Treasury rather than against its own capital. The entry records the earnings the Fed must recover before payments resume, and because the losses accumulate there, the Fed’s stated capital holds steady while the losses mount. An ordinary company can book a deferred tax asset against expected future earnings, but the Fed’s entry is different in kind: it is owed by no counterparty, it is recoverable only out of the Fed’s own future profits, and it keeps losses off the capital account entirely rather than reducing it. Behind the accounting stands a more basic fact: a central bank that issues its own currency cannot be forced to default on obligations in that currency. Even if its capital turned negative, the Fed would keep conducting policy and paying its bills.</p>
3203
3204
3205
3206<p>The cost of the Fed’s losses shows up instead in the federal budget. In the decade before the losses began, the Fed sent the Treasury between roughly $55 billion and $100 billion a year. Those receipts have all but disappeared, so the Treasury must borrow to cover the gap each year until the deferred asset is worked off and remittances resume. How long that takes depends on interest rates and the size of the Fed’s balance sheet. In its February 2026 baseline, which revised remittances up because of lower expected short-term rates, the Congressional Budget Office estimated that remittances would stay below $10 billion a year through 2028 and not return to their old scale, near the top of that range, until the early 2030s.</p>
3207
3208
3209<h2 class="wp-block-heading" id="7-how-the-fed-gets-into-corporate-profits">7. How the Fed Gets Into Corporate Profits</h2>
3210
3211
3212<p>Those losses did more than stop the checks to the Treasury; the same swing from profit to loss reaches straight into the national corporate-profits total. To see how, start with the way the BEA treats the Fed. It counts the 12 regional Reserve Banks as corporations, so their net earnings are folded into the national total for <em>corporate profits</em>, alongside the profits of banks, manufacturers, and every other company; the Fed’s share sits on a dedicated line of the accounts (<a href="https://apps.bea.gov/iTable/?reqid=19&amp;step=2&amp;isuri=1&amp;categories=survey#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJjYXRlZ29yaWVzIiwiU3VydmV5Il0sWyJOSVBBX1RhYmxlX0xpc3QiLCIyMzkiXV19" target="_blank" rel="noreferrer noopener">NIPA Table 6.16D</a>). In short, the headline corporate-profits figure already has the Fed’s profit or loss built into it.</p>
3213
3214
3215
3216<p>The payments the Fed sends to the Treasury appear elsewhere, on the receipts side of the federal government’s accounts, recorded as a <em>dividend</em> the government collects (<a href="https://apps.bea.gov/iTable/?reqid=19&amp;step=2&amp;isuri=1&amp;categories=survey#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJjYXRlZ29yaWVzIiwiU3VydmV5Il0sWyJOSVBBX1RhYmxlX0xpc3QiLCI4NyJdXX0=" target="_blank" rel="noreferrer noopener">NIPA Table 3.2</a>). The check the Fed writes to the Treasury lands on the government’s income side, like any other payment it receives.</p>
3217
3218
3219
3220<p>Nothing is counted twice in this arrangement, though it can look that way at first. The accounts measure the Fed’s earnings once, as profit. The remittance is then recorded as a distribution of that profit, a dividend paid out of earnings already counted, just as an ordinary company’s profit is measured once even though the dividend paid from it also shows up in shareholders’ income. The corporate-profits total is not reduced when the dividend goes out the door, because profits track what an enterprise earned, not what it kept.</p>
3221
3222
3223
3224<p>One historical wrinkle is worth noting, to head off a common confusion: re
3224cording the Fed’s payment to the Treasury as a dividend on the government’s receipts is a recent convention. Before the BEA’s comprehensive <a href="https://apps.bea.gov/scb/issues/2018/09-september/0918-nipa-update.htm" target="_blank" rel="noreferrer noopener">revision</a> of the accounts in 2018, those payments appeared in the government’s accounts as corporate income tax, and in their last year inside that line, 2017, the Fed contributed about $83.5 billion of roughly $401 billion in total corporate-income-tax receipts (as published before the 2018 revision; in the current vintage of the same series, with the Fed’s payment removed, 2017 taxes on corporate income total about $297 billion).</p>
3225
3226
3227
3228<p>The change was purely definitional: the BEA <a href="https://apps.bea.gov/scb/issues/2018/04-april/pdf/0418-preview-2018-comprehensive-nipa-update.pdf" target="_blank" rel="noreferrer noopener">reclassified</a> the payments “as dividend payments, rather than as tax payments.” Since then, the payment has appeared in no tax series at all, so it should not be mistaken for a tax the Fed currently pays. What did not change is the earnings side: whatever the label on the payment, the Fed’s net earnings remain part of the national corporate-profits total.</p>
3229
3230
3231<h2 class="wp-block-heading" id="8-reading-corporate-profits-correctly">8. Reading Corporate Profits Correctly</h2>
3232
3233
3234<p>The Federal Reserve’s remittances are easy to overlook, but they leave a large mark on one of the most-watched measures of business conditions. They added roughly $108 billion to corporate profits in 2021and subtracted about $115 billion in 2023, a swing wide enough to change whether American business looks like it is thriving or faltering.</p>
3235
3236
3237
3238<p>The distortion is not an accounting mistake. The BEA treats the Reserve Banks as what they are on paper: corporations that earn income, cover their costs, and hand over what is left. But the Fed’s income and costs move for reasons that have nothing to do with how private firms are doing. When its portfolio was large and its funding cost almost nothing, the Fed looked like one of the most profitable companies in the country. When short-term rates rose, the same portfolio produced the largest losses in its history. Neither swing had anything to do with how American companies were performing.</p>
3239
3240
3241
3242<p>Anyone using corporate profits to size up the business sector should strip the Fed’s earnings out first. Otherwise, a swing in monetary policy can masquerade as a change in the fortunes of private enterprise.</p>
3243
3244
3245
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3461
3462<script id="jquery-ui-datepicker-js-after">
3463jQuery(function(jQuery){jQuery.datepicker.setDefaults({"closeText":"Close","currentText":"Today","monthNames":["January","February","March","April","May","June","July","August","September","October","November","December"],"monthNamesShort":["Jan","Feb","Mar","Apr","May","Jun","Jul","Aug","Sep","Oct","Nov","Dec"],"nextText":"Next","prevText":"Previous","dayNames":["Sunday","Monday","Tuesday","Wednesday","Thursday","Friday","Saturday"],"dayNamesShort":["Sun","Mon","Tue","Wed","Thu","Fri","Sat"],"dayNamesMin":["S","M","T","W","T","F","S"],"dateFormat":"MM d, yy","firstDay":1,"isRTL":false});});
3464//# sourceURL=jquery-ui-datepicker-js-after
3465</script>
vendor: 1 bytes, line 3465
3465
3466<script id="wp-emoji-settings" type="application/json">
3467{"baseUrl":"https://s.w.org/images/core/emoji/17.0.2/72x72/","ext":".png","svgUrl":"https://s.w.org/images/core/emoji/17.0.2/svg/","svgExt":".svg","source":{"concatemoji":"https://aier.org/wp-includes/js/wp-emoji-release.min.js?ver=6.9.7"}}
3468</script>
vendor: 1 bytes, line 3468
3468
3469<script type="module">
3470/*! This file is auto-generated */
3471var e="script#wp-emoji-settings",t=document.querySelector(e);if(!(t instanceof HTMLScriptElement))throw new Error("Element missing: "+e);const r=JSON.parse(t.text),s=(window._wpemojiSettings=r,"wpEmojiSettingsSupports"),o=["flag","emoji"];function i(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(s,JSON.stringify(t))}catch(e){}}function c(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data);e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0);const r=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data);return t.every((e,t)=>e===r[t])}function p(e,t){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var n=e.getImageData(16,16,1,1);for(let e=0;e<n.data.length;e++)if(0!==n.data[e])return!1;return!0}function u(e,t,n,r){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\udde8\ud83c\uddf6","\ud83c\udde8\u200b\ud83c\uddf6")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!r(e,"\ud83e\u1fac8")}return!1}function f(e,t,n,r){let a;const s=(a="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):document.createElement("canvas")).getContext("2d",{willReadFrequently:!0}),o=(s.textBaseline="top",s.font="600 32px Arial",{});return e.forEach(e=>{o[e]=t(s,e,n,r)}),o}function a(e){var t=document.createElement("script");t.src=e,t.defer=!0,document.head.appendChild(t)}r.supports={everything:!0,everythingExceptFlag:!0},new Promise(t=>{let n=function(){try{var e=JSON.parse(sessionStorage.getItem(s));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(o),u.toString(),c.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"});const a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=e=>{i(n=e.data),a.terminate(),t(n)})}catch(e){}i(n=f(o,u,c,p))}t(n)}).then(e=>{for(const n in e)r.supports[n]=e[n],r.supports.everything=r.supports.everything&&r.supports[n],"flag"!==n&&(r.supports.everythingExceptFlag=r.supports.everythingExceptFlag&&r.supports[n]);var t;r.supports.everythingExceptFlag=r.supports.everythingExceptFlag&&!r.supports.flag,r.supports.everything||((t=r.source||{}).concatemoji?a(t.concatemoji):t.wpemoji&&t.twemoji&&(a(t.twemoji),a(t.wpemoji)))});
3472//# sourceURL=https://aier.org/wp-includes/js/wp-emoji-loader.min.js
3473</script>
vendor: 1 bytes, line 3473
3473
3474<script>window.lazyLoadOptions = [{
3475                elements_selector: "img[data-lazy-src],.rocket-lazyload,iframe[data-lazy-src]",
3476                data_src: "lazy-src",
3477                data_srcset: "lazy-srcset",
3478                data_sizes: "lazy-sizes",
3479                class_loading: "lazyloading",
3480                class_loaded: "lazyloaded",
3481                threshold: 300,
3482                callback_loaded: function(element) {
3483                    if ( element.tagName === "IFRAME" && element.dataset.rocketLazyload == "fitvidscompatible" ) {
3484                        if (element.classList.contains("lazyloaded") ) {
3485                            if (typeof window.jQuery != "undefined") {
3486                                if (jQuery.fn.fitVids) {
3487                                    jQuery(element).parent().fitVids();
3488                                }
3489                            }
3490                        }
3491                    }
3492                }},{
3493				elements_selector: ".rocket-lazyload",
3494				data_src: "lazy-src",
3495				data_srcset: "lazy-srcset",
3496				data_sizes: "lazy-sizes",
3497				class_loading: "lazyloading",
3498				class_loaded: "lazyloaded",
3499				threshold: 300,
3500			}];
3501        window.addEventListener('LazyLoad::Initialized', function (e) {
3502            var lazyLoadInstance = e.detail.instance;
3503
3504            if (window.MutationObserver) {
3505                var observer = new MutationObserver(function(mutations) {
3506                    var image_count = 0;
3507                    var iframe_count = 0;
3508                    var rocketlazy_count = 0;
3509
3510                    mutations.forEach(function(mutation) {
3511                        for (var i = 0; i < mutation.addedNodes.length; i++) {
3512                            if (typeof mutation.addedNodes[i].getElementsByTagName !== 'function') {
3513                                continue;
3514                            }
3515
3516                            if (typeof mutation.addedNodes[i].getElementsByClassName !== 'function') {
3517                                continue;
3518                            }
3519
3520                            images = mutation.addedNodes[i].getElementsByTagName('img');
3521                            is_image = mutation.addedNodes[i].tagName == "IMG";
3522                            iframes = mutation.addedNodes[i].getElementsByTagName('iframe');
3523                            is_iframe = mutation.addedNodes[i].tagName == "IFRAME";
3524                            rocket_lazy = mutation.addedNodes[i].getElementsByClassName('rocket-lazyload');
3525
3526                            image_count += images.length;
3527			                iframe_count += iframes.length;
3528			                rocketlazy_count += rocket_lazy.length;
3529
3530                            if(is_image){
3531                                image_count += 1;
3532                            }
3533
3534                            if(is_iframe){
3535                                iframe_count += 1;
3536                            }
3537                        }
3538                    } );
3539
3540                    if(image_count > 0 || iframe_count > 0 || rocketlazy_count > 0){
3541                        lazyLoadInstance.update();
3542                    }
3543                } );
3544
3545                var b      = document.getElementsByTagName("body")[0];
3546                var config = { childList: true, subtree: true };
3547
3548                observer.observe(b, config);
3549            }
3550        }, false);</script>
3550<script data-no-minify="1" async src="https://aier.org/wp-content/plugins/rocket-lazy-load/assets/js/16.1/lazyload.min.js"></script>
3550</body>
3551</html>
3552
3553<!-- plugin=object-cache-pro client=phpredis metric#hits=5874 metric#misses=41 metric#hit-ratio=99.3 metric#bytes=8261198 metric#prefetches=211 metric#store-reads=40 metric#store-writes=7 metric#store-hits=227 metric#store-misses=17 metric#sql-queries=10 metric#ms-total=860.10 metric#ms-cache=96.65 metric#ms-cache-avg=2.1010 metric#ms-cache-ratio=11.2 sample#redis-hits=77006638 sample#redis-misses=9600551 sample#redis-hit-ratio=88.9 sample#redis-ops-per-sec=64 sample#redis-evicted-keys=0 sample#redis-used-memory=258581160 sample#redis-used-memory-rss=244760576 sample#redis-memory-fragmentation-ratio=0.9 sample#redis-connected-clients=2 sample#redis-tracking-clients=0 sample#redis-rejected-connections=0 sample#redis-keys=304722 -->

Line numbers count LF bytes from the start of the resource, as the search results do. Vendor segments are library code the classifier recognised; they are stored but not indexed. Bytes are shown as Latin1 characters, one per byte.