@import"https://fonts.googleapis.com/css2?family=Libre+Franklin:ital,wght@0,400;0,500;0,600;0,700;1,400&family=Playfair+Display:ital,wght@0,500;0,600;0,700;0,800;1,500;1,600&family=Source+Serif+4:ital,opsz,wght@0,8..60,400;0,8..60,600;0,8..60,700;1,8..60,400&display=swap";:root{--navy: #0a1628;--navy-deep: #06101c;--navy-mid: #132338;--gold: #c9a227;--gold-soft: #e0c15a;--gold-muted: #a6851f;--paper: #f6f1e6;--paper-warm: #efe8d8;--paper-card: #fffdf8;--ink: #121820;--ink-soft: #3a4554;--muted: #5c6778;--rule: #cfc4a8;--rule-strong: #0a1628;--border: #d9d0ba;--up: #1a7a45;--down: #b33a3a;--font-display: "Playfair Display", Georgia, "Times New Roman", serif;--font-body: "Libre Franklin", "Helvetica Neue", system-ui, sans-serif;--font-serif: "Source Serif 4", Georgia, "Times New Roman", serif;--max: 1120px;--max-wide: 1240px;--radius: 2px}*,*:before,*:after{box-sizing:border-box}html{scroll-behavior:smooth}body{margin:0;font-family:var(--font-body);background:var(--paper);color:var(--ink);line-height:1.65;min-height:100vh;font-size:16px;-webkit-font-smoothing:antialiased}body:before{content:"";pointer-events:none;position:fixed;inset:0;opacity:.035;background-image:url("data:image/svg+xml,%3Csvg viewBox='0 0 200 200' xmlns='http://www.w3.org/2000/svg'%3E%3Cfilter id='n'%3E%3CfeTurbulence type='fractalNoise' baseFrequency='0.85' numOctaves='4' stitchTiles='stitch'/%3E%3C/filter%3E%3Crect width='100%25' height='100%25' filter='url(%23n)'/%3E%3C/svg%3E");z-index:9999}a{color:var(--navy);text-decoration-thickness:1px;text-underline-offset:.15em}a:hover{color:var(--gold-muted)}img{max-width:100%;height:auto;display:block}h1,h2,h3,h4{font-family:var(--font-display);line-height:1.18;margin:0 0 .45em;color:var(--navy);font-weight:700;letter-spacing:-.01em}p{margin:0 0 1em}.container{width:min(100% - 2rem,var(--max));margin-inline:auto}.container-wide{width:min(100% - 2rem,var(--max-wide));margin-inline:auto}.markets-strip{background:var(--navy-deep);color:#e8eef7;border-bottom:2px solid var(--gold);height:38px;display:flex;align-items:center;overflow:hidden;position:relative;z-index:60}.markets-strip:before{content:"MARKETS";flex-shrink:0;font-size:.62rem;font-weight:700;letter-spacing:.14em;color:var(--gold);padding:0 .9rem;border-right:1px solid rgba(201,162,39,.35);height:100%;display:flex;align-items:center;background:var(--navy);z-index:2}.ticker{display:flex;gap:2.25rem;white-space:nowrap;animation:marquee 42s linear infinite;will-change:transform;padding-left:1rem}.ticker:hover{animation-play-state:paused}.ticker-item{font-size:.76rem;font-variant-numeric:tabular-nums;letter-spacing:.02em;font-weight:500}.ticker-item strong{margin-right:.4rem;color:#fff;font-weight:700}.ticker-item em{font-style:normal;font-weight:700;margin-left:.4rem}.ticker-item .up{color:#6ddea0}.ticker-item .down{color:#f0a0a0}@keyframes marquee{0%{transform:translate(0)}to{transform:translate(-50%)}}.site-header{background:var(--paper);border-bottom:none;position:relative;z-index:50}.masthead{padding:1.15rem 0 .85rem;text-align:center;border-bottom:1px solid var(--rule)}.masthead-top{display:flex;align-items:center;justify-content:space-between;gap:1rem;font-size:.72rem;letter-spacing:.06em;text-transform:uppercase;color:var(--muted);margin-bottom:.65rem;font-weight:600}.masthead-top a{color:var(--muted);text-decoration:none}.masthead-top a:hover{color:var(--navy)}.brand-lockup{display:inline-flex;flex-direction:column;align-items:center;gap:.35rem;text-decoration:none;color:inherit}.brand-lockup:hover{text-decoration:none;opacity:.95}.brand-row{display:flex;align-items:center;gap:.85rem}.brand-logo{width:52px;height:52px;object-fit:cover;border:1px solid var(--border);border-radius:2px;background:#fff}.brand-name{font-family:var(--font-display);font-weight:800;font-size:clamp(1.85rem,5vw,3.15rem);color:var(--navy);letter-spacing:-.02em;line-height:1;display:block}.brand-tag{font-family:var(--font-body);font-size:.72rem;letter-spacing:.16em;text-transform:uppercase;color:var(--gold-muted);font-weight:600;margin-top:.15rem}.masthead-rules{margin-top:.85rem;border-top:3px double var(--navy);border-bottom:1px solid var(--navy);height:6px}.nav-bar{background:var(--navy);border-bottom:3px solid var(--gold)}.nav{display:flex;justify-content:center;flex-wrap:wrap;gap:0;font-size:.78rem;font-weight:600;letter-spacing:.08em;text-transform:uppercase}.nav a{color:#ffffffe0;text-decoration:none;padding:.7rem 1.05rem;border-right:1px solid rgba(255,255,255,.08);transition:color .15s ease,background .15s ease}.nav a:first-child{border-left:1px solid rgba(255,255,255,.08)}.nav a:hover{color:var(--gold);background:#c9a22714;text-decoration:none}.front-page{padding:1.35rem 0 2.5rem}.fp-kicker-row{display:flex;align-items:baseline;justify-content:space-between;gap:1rem;margin-bottom:.85rem;padding-bottom:.55rem;border-bottom:1px solid var(--rule)}.fp-edition{font-size:.7rem;letter-spacing:.12em;text-transform:uppercase;color:var(--muted);font-weight:700}.fp-grid{display:grid;grid-template-columns:1.55fr 1fr .85fr;gap:0;align-items:start}.fp-col{padding:0 1.15rem;min-width:0}.fp-col:first-child{padding-left:0}.fp-col:last-child{padding-right:0}.fp-col+.fp-col{border-left:1px solid var(--rule)}@media(max-width:980px){.fp-grid{grid-template-columns:1fr 1fr}.fp-col-lead{grid-column:1 / -1;padding:0 0 1.25rem;border-bottom:1px solid var(--rule);margin-bottom:1rem}.fp-col-lead+.fp-col{border-left:none;padding-left:0}.fp-col:last-child{border-left:1px solid var(--rule);padding-left:1.15rem}}@media(max-width:700px){.fp-grid{grid-template-columns:1fr}.fp-col,.fp-col:first-child,.fp-col:last-child{padding:0 0 1.25rem;border-left:none!important;border-bottom:1px solid var(--rule)}.fp-col:last-child{border-bottom:none;padding-bottom:0}}.deck{font-family:var(--font-serif);font-size:1.05rem;color:var(--ink-soft);line-height:1.45;margin:0 0 .75rem}.section-label{display:block;font-size:.68rem;font-weight:700;letter-spacing:.14em;text-transform:uppercase;color:var(--gold-muted);margin-bottom:.45rem}.lead-story{display:block;text-decoration:none;color:inherit}.lead-story:hover{text-decoration:none}.lead-story:hover .lead-title{color:var(--gold-muted)}.lead-figure{margin:0 0 .85rem;border:1px solid var(--border);background:var(--paper-warm);overflow:hidden}.lead-figure img{width:100%;aspect-ratio:16 / 10;object-fit:cover}.lead-title{font-size:clamp(1.55rem,3.2vw,2.35rem);margin-bottom:.4rem;transition:color .15s ease}.byline-sm{font-size:.78rem;color:var(--muted);font-weight:500;margin-top:.65rem}.story-item{display:block;padding:.85rem 0;border-bottom:1px solid var(--rule);text-decoration:none;color:inherit}.story-item:first-child{padding-top:0}.story-item:last-child{border-bottom:none;padding-bottom:0}.story-item:hover{text-decoration:none}.story-item:hover h3{color:var(--gold-muted)}.story-item h3{font-size:1.05rem;margin:0 0 .3rem;transition:color .15s ease}.story-item p{font-size:.88rem;color:var(--ink-soft);margin:0;line-height:1.45}.story-item-thumb{display:grid;grid-template-columns:88px 1fr;gap:.75rem;align-items:start}.story-item-thumb img{width:88px;height:68px;object-fit:cover;border:1px solid var(--border);background:var(--paper-warm)}.brief-box{background:var(--paper-warm);border:1px solid var(--border);padding:.9rem .95rem;margin-bottom:1rem}.brief-box h2{font-size:.95rem;letter-spacing:.04em;text-transform:uppercase;border-bottom:2px solid var(--navy);padding-bottom:.4rem;margin-bottom:.65rem}.brief-list{list-style:none;margin:0;padding:0}.brief-list li{padding:.45rem 0;border-bottom:1px dotted var(--rule);font-size:.86rem;line-height:1.4}.brief-list li:last-child{border-bottom:none}.brief-list a{text-decoration:none;color:var(--ink);font-weight:600;font-family:var(--font-display);font-size:.95rem}.brief-list a:hover{color:var(--gold-muted)}.section-head{display:flex;align-items:baseline;justify-content:space-between;gap:1rem;margin:2.25rem 0 1rem;padding-bottom:.45rem;border-bottom:3px double var(--navy)}.section-head h2{font-size:1.35rem;margin:0;letter-spacing:.02em}.section-head a{font-size:.78rem;font-weight:700;letter-spacing:.08em;text-transform:uppercase;text-decoration:none;color:var(--gold-muted)}.section-head a:hover{color:var(--navy)}.grid-3{display:grid;grid-template-columns:repeat(3,1fr);gap:1.25rem}.grid-2{display:grid;grid-template-columns:repeat(2,1fr);gap:1.25rem}@media(max-width:900px){.grid-3,.grid-2{grid-template-columns:1fr}}.card{background:var(--paper-card);border:1px solid var(--border);border-radius:var(--radius);overflow:hidden;display:flex;flex-direction:column;transition:border-color .15s ease,box-shadow .15s ease}.card:hover{border-color:var(--gold);box-shadow:0 4px 18px #0a16280f}.card .card-img{aspect-ratio:16 / 10;object-fit:cover;width:100%;background:var(--paper-warm);border-bottom:1px solid var(--border)}.card .card-body{padding:.95rem 1rem 1.1rem;flex:1;display:flex;flex-direction:column}.card h3{font-size:1.05rem;margin:0 0 .4rem}.card h3 a{color:inherit;text-decoration:none}.card h3 a:hover{color:var(--gold-muted)}.card .excerpt{color:var(--muted);font-size:.9rem;margin:0 0 .7rem;flex:1;font-family:var(--font-serif);line-height:1.5}.badge{display:inline-block;font-size:.65rem;font-weight:700;letter-spacing:.1em;text-transform:uppercase;color:var(--navy);background:transparent;border:none;border-left:3px solid var(--gold);padding:.1rem 0 .1rem .45rem;margin-bottom:.5rem;width:fit-content;border-radius:0}.meta{font-size:.78rem;color:var(--muted);font-weight:500}.desk-rail{margin:2.5rem 0 1rem;padding:1.35rem 1.25rem;background:var(--navy);color:#e8eef7;border-top:3px solid var(--gold);border-bottom:3px solid var(--gold)}.desk-rail h2{color:#fff;font-size:1.2rem;margin-bottom:.25rem}.desk-rail .sub{color:#e8eef7b8;font-size:.9rem;margin-bottom:1.1rem;max-width:60ch}.desk-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:.85rem}@media(max-width:800px){.desk-grid{grid-template-columns:1fr}}.desk-chip{display:flex;gap:.75rem;align-items:center;padding:.7rem;background:#ffffff0a;border:1px solid rgba(201,162,39,.28);text-decoration:none;color:#fff;transition:border-color .15s ease,background .15s ease}.desk-chip:hover{border-color:var(--gold);background:#c9a2271a;text-decoration:none;color:#fff}.desk-chip img{width:52px;height:52px;object-fit:cover;border:1px solid rgba(201,162,39,.4);flex-shrink:0}.desk-chip strong{display:block;font-family:var(--font-display);font-size:.98rem}.desk-chip span{font-size:.76rem;color:#e8eef7a6}.page-hero{padding:1.75rem 0 .85rem;border-bottom:3px double var(--navy);margin-bottom:1.5rem}.page-hero h1{font-size:clamp(1.7rem,3.2vw,2.4rem);margin-bottom:.35rem}.page-hero p{color:var(--muted);max-width:62ch;margin:0;font-family:var(--font-serif);font-size:1.05rem}.page-banner{position:relative;overflow:hidden;min-height:220px;display:grid;align-items:end;margin:1.25rem 0 1.75rem;border:1px solid var(--border);background:var(--navy)}.page-banner img.banner-bg{position:absolute;inset:0;width:100%;height:100%;object-fit:cover;opacity:.55}.page-banner .banner-shade{position:absolute;inset:0;background:linear-gradient(180deg,#06101c33,#06101ce0)}.page-banner .banner-copy{position:relative;z-index:1;padding:1.5rem 1.5rem 1.35rem;color:#fff;max-width:48rem}.page-banner .kicker{text-transform:uppercase;letter-spacing:.14em;font-size:.68rem;font-weight:700;color:var(--gold);margin-bottom:.45rem}.page-banner h1{font-size:clamp(1.5rem,3.2vw,2.2rem);margin-bottom:.4rem;color:#fff}.page-banner p{color:#ffffffd9;margin:0;max-width:55ch;font-family:var(--font-serif)}.article-header{padding:2rem 0 1rem;border-bottom:1px solid var(--rule);margin-bottom:1.35rem;max-width:48rem}.article-header h1{font-size:clamp(1.85rem,3.8vw,2.75rem);max-width:22ch;margin-bottom:.55rem}.article-deck{font-family:var(--font-serif);font-size:1.15rem;color:var(--ink-soft);line-height:1.45;margin:0 0 .85rem;max-width:48ch}.article-hero{width:100%;max-height:440px;object-fit:cover;margin:0 0 1.5rem;border:1px solid var(--border);background:var(--paper-warm)}.prose{max-width:42rem;font-family:var(--font-serif);font-size:1.08rem;line-height:1.75;color:var(--ink)}.prose h2{margin-top:1.9rem;font-size:1.35rem;border-bottom:1px solid var(--rule);padding-bottom:.35rem}.prose h3{margin-top:1.4rem;font-size:1.12rem}.prose p:first-of-type:first-letter{font-family:var(--font-display);font-weight:700;font-size:3.4rem;float:left;line-height:.85;padding:.12rem .45rem 0 0;color:var(--navy)}.prose a{color:var(--navy);text-decoration:underline;text-decoration-color:var(--gold);text-underline-offset:.15em}.prose img{border:1px solid var(--border);margin:1.1rem 0}.prose strong{font-weight:700;color:var(--navy)}.byline{color:var(--muted);font-size:.92rem;font-family:var(--font-body)}.byline strong{color:var(--navy)}.pill-row{display:flex;flex-wrap:wrap;gap:.45rem;margin:.85rem 0}.pill{font-size:.72rem;border:1px solid var(--border);padding:.22rem .55rem;border-radius:0;color:var(--muted);background:var(--paper-warm);text-decoration:none;font-weight:600;letter-spacing:.03em}a.pill:hover{border-color:var(--gold);color:var(--navy);text-decoration:none}.article-footer-nav{margin-top:2.75rem;padding-top:1.25rem;border-top:3px double var(--navy);max-width:42rem}.article-footer-nav h2{font-size:1.05rem;margin-bottom:.4rem}.article-footer-nav a{font-weight:600;text-decoration:none;margin-right:.75rem}.article-footer-nav a:hover{color:var(--gold-muted)}.author-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:1rem;margin:1.5rem 0}@media(max-width:800px){.author-grid{grid-template-columns:1fr}}.author-card{border:1px solid var(--border);background:var(--paper-card);padding:1.1rem}.author-card h3{font-size:1.1rem;margin-bottom:.15rem}.author-card .role{font-size:.75rem;letter-spacing:.08em;text-transform:uppercase;color:var(--gold-muted);font-weight:700;margin-bottom:.55rem}.author-card p{font-size:.9rem;color:var(--ink-soft);margin:0;font-family:var(--font-serif)}.person-hero{display:flex;gap:1.35rem;align-items:center;flex-wrap:wrap;margin-bottom:1.35rem;padding-bottom:1.25rem;border-bottom:1px solid var(--rule)}.person-hero img{width:100px;height:100px;object-fit:cover;border:2px solid var(--gold);background:var(--paper-warm)}.quote-table{width:100%;border-collapse:collapse;font-size:.9rem;margin:1rem 0 1.75rem;font-variant-numeric:tabular-nums;background:var(--paper-card);border:1px solid var(--border)}.quote-table th{text-align:left;background:var(--navy);color:#fff;font-size:.68rem;letter-spacing:.1em;text-transform:uppercase;padding:.65rem .85rem;font-weight:700}.quote-table td{padding:.6rem .85rem;border-bottom:1px solid var(--rule)}.quote-table tr:last-child td{border-bottom:none}.quote-table tr:nth-child(2n) td{background:var(--paper-warm)}.quote-table .sym{font-weight:700;color:var(--navy);font-family:var(--font-display)}.site-footer{margin-top:3.5rem;background:var(--navy-deep);color:#e8eef7b8;font-size:.9rem;border-top:4px solid var(--gold);padding:2.25rem 0 2.5rem}.site-footer a{color:#e8eef7e0;text-decoration:none}.site-footer a:hover{color:var(--gold)}.site-footer strong{color:#fff;font-family:var(--font-display);font-size:1rem;display:block;margin-bottom:.55rem}.footer-grid{display:grid;grid-template-columns:2fr 1fr 1fr 1fr;gap:1.75rem}@media(max-width:800px){.footer-grid{grid-template-columns:1fr 1fr}}@media(max-width:500px){.footer-grid{grid-template-columns:1fr}}.footer-brand-row{display:flex;align-items:center;gap:.65rem;color:#fff;margin-bottom:.55rem}.footer-brand-row strong{margin:0;font-size:1.05rem}.footer-logo{border:1px solid rgba(201,162,39,.4);width:40px;height:40px;object-fit:cover}.fine{font-size:.78rem;opacity:.75;margin-top:.75rem}.site-footer p{margin:0 0 .4rem}.sr-only{position:absolute;width:1px;height:1px;padding:0;margin:-1px;overflow:hidden;clip:rect(0,0,0,0);border:0}.divider-gold{height:3px;background:linear-gradient(90deg,var(--gold),transparent);border:none;margin:1.5rem 0}.inline-date{font-variant-numeric:tabular-nums}