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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 â 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;
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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"> 2993<div class="wp-block-columns alignwide papers-content-and-toc is-layout-flex wp-container-core-columns-is-layout-deaed8c8 wp-block-columns-is-layout-flex" style="padding-right:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)"> 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 { 3000 font-size: 32px; 3001 font-weight: 400; 3002 color: #999; 3003 } 3004 #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{ 3005 font-size: 24px; 3006 font-weight: 400; 3007 color: #428bca;</p> 3008<p> } 3009 #ez_toc_widget_sticky--1 .ez-toc-widget-sticky-container ul.ez-toc-widget-sticky-list li.active > a, .ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 ul.ez-toc-widget-sticky-list li.active > a{ 3010 background-color: #ededed; 3011 color: ; 3012 } 3013 .ez-toc-widget-sticky-container-ez_toc_widget_sticky--1 { background-color: #fff !important; } 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> â the official economic ledgers the Bureau of Economic Analysis (BEA) compiles â 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 Fedâs payments to the Treasury are easy to overlook and easy to misread. The same dollars surface in more than one place: as the Federal Reserveâs net earnings, as a slice of the nationâs 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 Fedâs 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&step=2&isuri=1&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 âgreedflation,â 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 Reserveâs 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 Fedâs 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 Fedâs Earnings</strong><br><strong>(2018â2025)</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 governmentâs point of view, the Fedâs swings largely wash out. Much of the Fedâs income is interest the Treasury pays on the government bonds the Fed owns, in effect, one arm of the government paying another. Combine the Treasuryâs books with the Fedâs, and the federal governmentâs 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 Fedâs earnings rather than netting them out. As a result, a statistic meant to track private enterprise ends up including the central bankâs 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 nationâs corporate-profits total, which is why the size of the Fedâs 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 Fedâs liabilities: currency in circulation. The asset side imposes a second qualification. A large share of the Fedâs 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 governmentâs liabilities are costless currency rather than bonds â 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 Reserveâs balance sheet â its total holdings of securities and other assets â 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 isnât 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 Fedâs 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 Fedâs 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 (1998â2025)</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 Fedâs 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>(2016â2025)</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 Systemâs 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 Reserveâs Deferred Asset (2022â2026)</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, âEarnings remittances due to the US Treasury.â 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 Fedâs 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 Fedâs 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 shareholdersâ stake in the firm, and losses on this scale would push it toward insolvency. The Fedâs 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 Fedâs stated capital holds steady while the losses mount. An ordinary company can book a deferred tax asset against expected future earnings, but the Fedâs entry is different in kind: it is owed by no counterparty, it is recoverable only out of the Fedâs 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 Fedâs 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 Fedâs 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 Fedâs share sits on a dedicated line of the accounts (<a href="https://apps.bea.gov/iTable/?reqid=19&step=2&isuri=1&categories=survey#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJjYXRlZ29yaWVzIiwiU3VydmV5Il0sWyJOSVBBX1RhYmxlX0xpc3QiLCIyMzkiXV19" target="_blank" rel="noreferrer noopener">NIPA Table 6.16D</a>). In short, the headline corporate-profits figure already has the Fedâs 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 governmentâs accounts, recorded as a <em>dividend</em> the government collects (<a href="https://apps.bea.gov/iTable/?reqid=19&step=2&isuri=1&categories=survey#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJjYXRlZ29yaWVzIiwiU3VydmV5Il0sWyJOSVBBX1RhYmxlX0xpc3QiLCI4NyJdXX0=" target="_blank" rel="noreferrer noopener">NIPA Table 3.2</a>). The check the Fed writes to the Treasury lands on the governmentâs 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 Fedâs 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 companyâs profit is measured once even though the dividend paid from it also shows up in shareholdersâ 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 Fedâs payment to the Treasury as a dividend on the governmentâs receipts is a recent convention. Before the BEAâs 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 governmentâs 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 Fedâs 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 âas dividend payments, rather than as tax payments.â 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 Fedâs 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 Reserveâs 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 Fedâs 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 Fedâs earnings out first. Otherwise, a swing in monetary policy can masquerade as a change in the fortunes of private enterprise.</p> 3243 3244 3245 3246<p></p> 3247</div></div> 3248</div> 3249 3250 3251 3252<div style="height:100px" aria-hidden="true" class="wp-block-spacer"></div> 3253</div> 3254 3255 3256 3257<div class="wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-5c0ee881 wp-block-group-is-layout-constrained"> 3258<div style="height:40px" aria-hidden="true" class="wp-block-spacer"></div> 3259</div> 3260 3261 3262<footer class="wp-block-template-part"> 3263<div class="wp-block-group has-custom-green-background-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained"> 3264<div class="wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-7b47e81c wp-block-columns-is-layout-flex" style="padding-top:var(--wp--preset--spacing--80);padding-bottom:var(--wp--preset--spacing--80)"> 3265<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:400px"> 3266<figure class="wp-block-image size-large is-resized white-fill wp-duotone-dark-grayscale"><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="" style="object-fit:contain;width:256px;height:47px" data-lazy-src="https://aier.org/wp-content/uploads/2024/07/aier.svg"/><noscript><img decoding="async" src="https://aier.org/wp-content/uploads/2024/07/aier.svg" alt="" style="object-fit:contain;width:256px;height:47px"/></noscript></figure> 3267 3268 3269 3270<p class="has-white-color has-text-color has-link-color has-figure-font-family has-small-font-size wp-elements-55b90035de43e6b650f82b1051875bbd" style="font-style:normal;font-weight:400">250 Division Streetâ¨<br>PO Box 1000<br>Great Barrington, MA 01230â¨<br>888-528-1216â¨<br>[email protected]</p> 3271 3272 3273 3274<div class="wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-03611fce wp-block-group-is-layout-flex" style="margin-top:var(--wp--preset--spacing--60);margin-bottom:var(--wp--preset--spacing--60)"> 3275<h5 class="wp-block-heading has-custom-dark-gold-color has-text-color has-link-color has-figure-font-family wp-elements-0ffc6be2a932e849295254fd778b7b26" style="font-size:14px;font-style:normal;font-weight:600;letter-spacing:1.4px;text-transform:uppercase">AIER Updates</h5> 3276 3277 3278 3279<p class="has-white-color has-text-color has-link-color has-figure-font-family wp-elements-b529fdec3be3062c446e7140a04e3ac5" style="margin-bottom:var(--wp--preset--spacing--20);font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.168), 16px);letter-spacing:0.32px;line-height:1.45"><a href="https://aier.org/newsletters/" data-type="link" data-id="https://aier.org/newsletters/">Sign up</a> for updates on research, projects, events, and general news from AIER.</p> 3280 3281 3282<div class="footer-mc-form new-mc-form" >
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3393<script id="eztoc-widget-stickyjs-js-extra"> 3394var ezTocWidgetSticky = {"appearance_options":"","advanced_options":"","scroll_fixed_position":"30","sidebar_sticky_title_size":"32","sidebar_sticky_title_size_unit":"%","sidebar_sticky_title_weight":"500","sidebar_sticky_title_color":"#000","sidebar_sticky_item_size":"100","sidebar_sticky_item_size_unit":"%","sidebar_sticky_item_weight":"500","sidebar_sticky_item_color":"#000","sidebar_width":"auto","sidebar_width_size_unit":"none","fixed_top_position":"30","fixed_top_position_size_unit":"px","navigation_scroll_bar":"on","scroll_max_height":"auto","scroll_max_height_size_unit":"none","heading_label_tag":"default"}; 3395//# sourceURL=eztoc-widget-stickyjs-js-extra 3396</script>
vendor: 1 bytes, line 3396
3396
3397<script src="https://aier.org/wp-content/plugins/easy-table-of-contents/assets/js/ez-toc-widget-sticky.min.js?ver=2.0.86-1787761504" id="eztoc-widget-stickyjs-js"></script>
vendor: 1 bytes, line 3397
3397
3398<script defer src="https://aier.org/wp-content/plugins/mailchimp-for-wp/assets/js/forms.js?ver=4.12.0" id="mc4wp-forms-api-js"></script>
vendor: 1 bytes, line 3398
3398
3399<script id="mc4wp-ajax-forms-js-before"> 3400var mc4wp_ajax_vars = {"loading_character":"\u2022","ajax_url":"https:\/\/aier.org\/wp-admin\/admin-ajax.php?action=mc4wp-form","error_text":"Oops. Something went wrong. Please try again later."}; 3401//# sourceURL=mc4wp-ajax-forms-js-before 3402</script>
vendor: 1 bytes, line 3402
3402
3403<script src="https://aier.org/wp-content/plugins/mc4wp-premium/ajax-forms/assets/js/ajax-forms.js?ver=4.11.8" id="mc4wp-ajax-forms-js" defer data-wp-strategy="defer"></script>
vendor: 1 bytes, line 3403
3403
3404<script src="https://aier.org/wp-content/plugins/toolset-blocks/vendor/toolset/toolset-common/res/lib/bootstrap4/js/bootstrap.bundle.min.js?ver=4.5.3" id="toolset_bootstrap_4-js"></script>
vendor: 1 bytes, line 3404
3404
3405<script src="https://aier.org/wp-content/plugins/event-tickets/common/build/js/user-agent.js?ver=da75d0bdea6dde3898df" id="tec-user-agent-js"></script>
vendor: 1 bytes, line 3405
3405
3406<script src="https://aier.org/wp-content/plugins/embed-any-document/js/pdfobject.min.js?ver=2.7.14" id="awsm-ead-pdf-object-js"></script>
vendor: 1 bytes, line 3406
3406
3407<script id="awsm-ead-public-js-extra"> 3408var eadPublic = []; 3409//# sourceURL=awsm-ead-public-js-extra 3410</script>
vendor: 1 bytes, line 3410
3410
3411<script src="https://aier.org/wp-content/plugins/embed-any-document/js/embed-public.min.js?ver=2.7.14" id="awsm-ead-public-js"></script>
vendor: 1 bytes, line 3411
3411
3412<script id="wp-block-template-skip-link-js-after"> 3413 ( function() { 3414 var skipLinkTarget = document.querySelector( 'main' ), 3415 sibling, 3416 skipLinkTargetID, 3417 skipLink; 3418 3419 // Early exit if a skip-link target can't be located. 3420 if ( ! skipLinkTarget ) { 3421 return; 3422 } 3423 3424 /* 3425 * Get the site wrapper. 3426 * The skip-link will be injected in the beginning of it. 3427 */ 3428 sibling = document.querySelector( '.wp-site-blocks' ); 3429 3430 // Early exit if the root element was not found. 3431 if ( ! sibling ) { 3432 return; 3433 } 3434 3435 // Get the skip-link target's ID, and generate one if it doesn't exist. 3436 skipLinkTargetID = skipLinkTarget.id; 3437 if ( ! skipLinkTargetID ) { 3438 skipLinkTargetID = 'wp--skip-link--target'; 3439 skipLinkTarget.id = skipLinkTargetID; 3440 } 3441 3442 // Create the skip link. 3443 skipLink = document.createElement( 'a' ); 3444 skipLink.classList.add( 'skip-link', 'screen-reader-text' ); 3445 skipLink.id = 'wp-skip-link'; 3446 skipLink.href = '#' + skipLinkTargetID; 3447 skipLink.innerText = 'Skip to content'; 3448 3449 // Inject the skip link. 3450 sibling.parentElement.insertBefore( skipLink, sibling ); 3451 }() ); 3452 3453//# sourceURL=wp-block-template-skip-link-js-after 3454</script>
vendor: 1 bytes, line 3454
3454
3455<script id="state-tax-data-plugin-ajax-script-js-extra"> 3456var stateTaxDataPluginAjax = {"ajax_url":"https://aier.org/wp-admin/admin-ajax.php"}; 3457//# sourceURL=state-tax-data-plugin-ajax-script-js-extra 3458</script>
vendor: 1 bytes, line 3458
3458
3459<script src="https://aier.org/wp-content/plugins/aier-state-tax-data-plugin/state-tax-data-plugin-script.js" id="state-tax-data-plugin-ajax-script-js"></script>
vendor: 1 bytes, line 3459
3459
3460<script src="https://aier.org/wp-content/plugins/constant-contact-forms/assets/js/ctct-plugin-frontend.min.js?ver=2.17.0" id="ctct_frontend_forms-js"></script>
vendor: 1 bytes, line 3460
3460
3461<script src="https://aier.org/wp-includes/js/jquery/ui/datepicker.min.js?ver=1.13.3" id="jquery-ui-datepicker-js"></script>
vendor: 1 bytes, line 3461
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>
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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.