/* The Standard Post. A standalone newspaper layout; nothing here is shared with the converter's style.css.
   Breakpoints: 640 (phone/tablet), 760 (packages go side by side), 1000 (full grids), 1040 (rail). */
:root{
  --paper:#fff; --ink:#121212; --ink2:#333; --mute:#666; --rule:#e2e2e2; --soft:#f4f4f2;
  --fig:#1b4b8f; --figbg:#eef3fa; --brk:#c4161c; --up:#0b7a3e; --down:#c4161c;
  --serif:"Newsreader",Georgia,"Times New Roman",serif; --sans:"Libre Franklin","Helvetica Neue",Arial,sans-serif;
  --gap:24px;
}
*{box-sizing:border-box}
html{-webkit-text-size-adjust:100%}
body.np{margin:0;background:var(--paper);color:var(--ink);font:17px/1.5 var(--serif);overflow-x:hidden}
.np a{color:inherit;text-decoration:none}
.np a:hover{text-decoration:underline;text-underline-offset:2px}
.wrap{max-width:1240px;margin:0 auto;padding:0 16px}
@media (min-width:760px){.wrap{padding:0 24px}}

/* ---------- Masthead ---------- */
.np-head:not(.compact){border-bottom:3px double var(--ink)}
.np-util{display:flex;justify-content:space-between;align-items:center;gap:12px;padding:10px 0 0;font:500 12px/1.3 var(--sans);color:var(--ink2)}
.np-util .np-ed{display:none}
@media (min-width:640px){.np-util .np-ed{display:inline}}
.np-util a{font-weight:700}
.np-mast{margin:4px 0 10px;text-align:center;line-height:1}
.np-wm{font:700 clamp(38px,8.4vw,78px)/1.05 "UnifrakturCook",var(--serif);letter-spacing:.005em;color:var(--ink);white-space:nowrap}
.np-wm:hover{text-decoration:none!important}
.np-wm.sm{font-size:28px}
.np-nav{display:flex;gap:22px;justify-content:center;overflow-x:auto;scrollbar-width:none;padding:9px 0;border-top:1px solid var(--ink);font:600 13px/1 var(--sans);white-space:nowrap}
.np-nav::-webkit-scrollbar{display:none}
@media (max-width:639px){.np-head:not(.compact) .np-nav{justify-content:flex-start}}
.np-head.compact{border-bottom:1px solid var(--rule)}
.np-bar{display:flex;align-items:center;justify-content:space-between;gap:16px;padding-top:10px;padding-bottom:10px;flex-wrap:wrap}
.np-head.compact .np-nav{border:0;padding:4px 0;justify-content:flex-start;max-width:100%}

/* Market ticker (TradingView) and breaking strip */
.np-tape{border-bottom:1px solid var(--rule);min-height:46px;max-width:1240px;margin:0 auto;padding:0 8px}
.np-tape .tradingview-widget-copyright{display:none}
.np-ticker{border-bottom:1px solid var(--rule);font:500 14px/1.35 var(--sans)}
.np-ticker .wrap{display:flex;gap:18px;align-items:baseline;overflow-x:auto;padding-top:10px;padding-bottom:10px;white-space:nowrap;scrollbar-width:none}
.np-ticker b{color:var(--brk);text-transform:uppercase;font-size:12px;letter-spacing:.06em}

/* ---------- Story parts ---------- */
.np-kick{display:flex;gap:8px;font:700 11.5px/1 var(--sans);text-transform:uppercase;letter-spacing:.07em;color:var(--ink2);margin-bottom:8px}
.np-kick span+span:before{content:"·";margin-right:8px;color:var(--mute)}
.np-brk{color:var(--brk)}
.np-hed{margin:0 0 8px;font:700 20px/1.18 var(--serif);font-variation-settings:"opsz" 36;letter-spacing:-.005em}
.np-hed.lg{font-size:27px;line-height:1.12;letter-spacing:-.01em}
.np-hed.lead{font-size:clamp(28px,2.9vw,38px);line-height:1.1;letter-spacing:-.012em;font-variation-settings:"opsz" 60}
.np-hed.xl{font-size:clamp(30px,4.6vw,44px);line-height:1.08;letter-spacing:-.015em;font-variation-settings:"opsz" 72}
.np-dek{margin:0 0 10px;font:400 18px/1.42 var(--serif);color:var(--ink2)}
.np-dek.sm{font-size:15.5px;line-height:1.42}
.np-meta{margin:8px 0 0;font:500 12px/1.3 var(--sans);color:var(--mute)}
.cvt{font-weight:600;color:var(--fig)}
.np-sec-h{margin:0 0 4px;padding-top:8px;border-top:2px solid var(--ink);font:800 14px/1.2 var(--sans);text-transform:uppercase;letter-spacing:.05em}
.np-sec-h small{font:500 11px var(--sans);text-transform:none;letter-spacing:0;color:var(--mute);margin-left:10px}
.np-sec-h small a{text-decoration:underline}
.np-related{list-style:none;margin:12px 0 0;padding:0}
.np-related li{padding:9px 0;border-top:1px solid var(--rule);font:600 15.5px/1.3 var(--serif)}
.np-related li:before{content:"";display:inline-block;width:6px;height:6px;background:var(--ink);margin:0 9px 2px 0}

/* ---------- Photos ----------
   .np-ph is the frame. Its shape comes from --ar; wide photos fill it, tall photos are shown whole over a
   blurred copy of themselves. Inside packages the frame instead stretches to the height of the text. */
.np-fig{margin:0}
.np-fig>a{display:block}
.np-ph{position:relative;display:block;overflow:hidden;aspect-ratio:var(--ar,3/2);background:var(--soft)}
.np-ph img{position:absolute;inset:0;width:100%;height:100%;object-fit:cover;display:block}
.np-ph.tall img.fg{object-fit:contain}
.np-ph.tall img.bg{inset:-12%;width:124%;height:124%;filter:blur(26px) brightness(.9) saturate(1.1)}
.np-fig figcaption{margin-top:6px;font:400 12px/1.4 var(--sans);color:var(--mute)}
.np-cap{color:var(--ink2)}
.np-credit{display:block;text-align:right;font-size:11px}
.np-credit a{text-decoration:underline}

/* ---------- Front page ---------- */
.np-front{padding-top:18px;padding-bottom:12px}
.np-pkg{display:grid;gap:14px var(--gap)}
@media (max-width:759px){.np-pkg-img{order:-1}}
@media (min-width:760px){
  .np-pkg{grid-template-columns:minmax(0,1.1fr) minmax(0,1fr)}
  .np-pkg.big{grid-template-columns:minmax(0,.9fr) minmax(0,1.45fr)}
  .np-pkg.nophoto{grid-template-columns:1fr}
  .np-pkg-img{position:relative;min-height:250px}
  .np-pkg.big .np-pkg-img{min-height:290px}
  .np-pkg-img .np-fig{position:absolute;inset:0;display:flex;flex-direction:column}
  .np-pkg-img .np-fig>a{position:relative;flex:1;min-height:0}
  .np-pkg-img .np-ph{position:absolute;inset:0;aspect-ratio:auto}
}
.np-pkg.big .np-related{grid-column:1/-1;display:grid;grid-template-columns:repeat(auto-fit,minmax(220px,1fr));column-gap:var(--gap);margin:2px 0 0}
.np-pkg.big .np-dek{font-size:18.5px}

/* Lead and Latest */
.np-top{display:grid;gap:var(--gap);padding:4px 0 20px;border-bottom:1px solid var(--ink)}
@media (min-width:1040px){.np-top{grid-template-columns:minmax(0,1fr) 290px}.np-rail{border-left:1px solid var(--rule);padding-left:var(--gap)}}
.np-latest{list-style:none;margin:0;padding:0}
.np-latest li{padding:10px 0;border-bottom:1px solid var(--rule);font:600 15px/1.3 var(--serif)}
.np-latest li:last-child{border-bottom:0}
@media (max-width:1039px){.np-latest{display:grid;grid-template-columns:repeat(auto-fill,minmax(240px,1fr));column-gap:var(--gap)}.np-latest li:last-child{border-bottom:1px solid var(--rule)}}
.np-latest time{display:block;font:600 11px/1 var(--sans);color:var(--brk);text-transform:uppercase;letter-spacing:.05em;margin-bottom:4px}

/* By the numbers */
.np-numbers{margin:18px 0 4px}
.np-numbers>div{display:grid;grid-template-columns:1fr;column-gap:var(--gap);border-bottom:1px solid var(--ink)}
@media (min-width:640px){.np-numbers>div{grid-template-columns:repeat(12,minmax(0,1fr))}.np-numbers .np-figrow{grid-column:span var(--st)}}
@media (min-width:1000px){.np-numbers .np-figrow{grid-column:span var(--s)}}
.np-figrow{display:grid;grid-template-columns:auto 1fr;column-gap:10px;align-items:baseline;padding:10px 0}
.np-figrow b{font:700 26px/1 var(--serif);color:var(--fig)}
.np-figrow span{font:600 14.5px/1.25 var(--serif)}
.np-figrow small{grid-column:1/-1;margin-top:4px;font:500 11.5px/1.3 var(--sans);color:var(--mute)}

/* Desk bands */
.np-sec{margin-top:32px}
.np-sec>.np-pkg{padding:6px 0 18px;border-bottom:1px solid var(--rule)}
.np-card{padding:14px 0}
.np-card .np-thumb{margin-bottom:10px}
.np-cards{display:grid;grid-template-columns:1fr;column-gap:var(--gap)}
@media (min-width:640px){.np-cards{grid-template-columns:repeat(var(--kt),minmax(0,1fr))}}
@media (min-width:1000px){.np-cards{grid-template-columns:repeat(var(--k),minmax(0,1fr))}}
.np-cards .np-ph{--ar:4/3}
.np-cards .np-hed{font-size:20px}
.np-cards .np-card{border-bottom:1px solid var(--rule)}
.np-textlist{display:grid;grid-template-columns:1fr;column-gap:var(--gap)}
@media (min-width:640px){.np-textlist{grid-template-columns:repeat(12,minmax(0,1fr))}.np-textlist .np-card{grid-column:span var(--st)}}
@media (min-width:1000px){.np-textlist .np-card{grid-column:span var(--s)}}
.np-textlist .np-card{border-top:1px solid var(--rule)}
/* Phones: secondary stories get a small square thumbnail beside the text, cropped from the top. */
@media (max-width:639px){
  .np-cards .np-card{display:grid;grid-template-columns:minmax(0,1fr) 104px;gap:14px;align-items:start;border-bottom:0;border-top:1px solid var(--rule)}
  .np-cards .np-card .np-thumb{order:2;margin:0}
  .np-cards .np-ph{--ar:1/1}
  .np-cards .np-ph.tall img.fg{object-fit:cover;object-position:50% 15%}
  .np-cards .np-ph.tall img.bg{display:none}
  .np-cards .np-hed{font-size:18px}
}

/* Small desks share one band, side by side */
.np-shared{display:grid;gap:0 var(--gap);margin-top:32px}
@media (min-width:900px){.np-shared{grid-template-columns:repeat(var(--n),minmax(0,1fr))}.np-shared .np-mini+.np-mini{border-left:1px solid var(--rule);padding-left:var(--gap)}}
.np-shared .np-sec{margin-top:0}
@media (max-width:899px){.np-shared .np-mini+.np-mini{margin-top:28px}}
.np-mini .np-card{display:grid;grid-template-columns:minmax(0,1fr) 104px;gap:14px;align-items:start;border-top:1px solid var(--rule)}
.np-mini .np-card:first-of-type{border-top:0}
.np-mini .np-card.text{grid-template-columns:1fr}
.np-mini .np-card .np-thumb{order:2;margin:0}
.np-mini .np-ph{--ar:1/1}
.np-mini .np-ph.tall img.fg{object-fit:cover;object-position:50% 15%}
.np-mini .np-ph.tall img.bg{display:none}

/* Markets */
.np-markets-in{display:grid;gap:0 var(--gap);border-bottom:1px solid var(--ink)}
@media (min-width:900px){.np-markets-in{grid-template-columns:minmax(0,1fr) minmax(0,2fr)}}
.np-debt{margin:12px 0 16px;padding:18px 20px;background:var(--ink);color:#fff;display:flex;flex-direction:column;gap:8px}
.np-debt .np-q-name{color:#bbb}
.np-debt-eq{margin:0;font:700 clamp(25px,2.5vw,32px)/1.12 var(--serif);letter-spacing:-.01em;min-height:2.24em}
.np-debt-usd{margin:0;font:400 17px/1.3 var(--serif);color:#ccc}
.np-debt-n{font:600 20px/1.3 var(--serif);color:#fff;font-variant-numeric:tabular-nums}
.np-debt-conv>span{display:none}
.np-debt-conv>span.on{display:inline;animation:np-fade .5s ease}
.np-debt-conv a{color:#9cc3ff}
.np-debt small{margin-top:auto;font:400 11.5px/1.4 var(--sans);color:#aaa}
@keyframes np-fade{from{opacity:0}to{opacity:1}}
@media (prefers-reduced-motion:reduce){.np-debt-conv>span.on{animation:none}}
.np-quotes{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));column-gap:var(--gap)}
@media (min-width:640px){.np-quotes{grid-template-columns:repeat(3,minmax(0,1fr))}}
.np-q{display:flex;flex-direction:column;gap:3px;padding:14px 0;border-top:1px solid var(--rule)}
@media (min-width:900px){.np-q:nth-child(-n+3){border-top:0}}
.np-q-name{font:700 11.5px/1.2 var(--sans);text-transform:uppercase;letter-spacing:.06em;color:var(--ink2)}
.np-q b{font:700 26px/1.1 var(--serif);font-variant-numeric:tabular-nums}
.np-q-ch{font:600 13px/1.2 var(--sans);color:var(--mute)}
.np-q-ch.up{color:var(--up)}
.np-q-ch.down{color:var(--down)}
.np-q small{font:400 11.5px/1.3 var(--sans);color:var(--mute)}

.np-empty{padding:40px 0;border-bottom:1px solid var(--rule);font-size:19px}
.np-issues{display:flex;justify-content:space-between;gap:12px;margin-top:32px;padding:14px 0;border-top:1px solid var(--rule);font:600 13px/1.3 var(--sans)}
.np-ad{display:grid;place-items:center;background:var(--soft);color:var(--mute);font:500 11px var(--sans);text-transform:uppercase;letter-spacing:.08em}
.np-ad-rail{width:300px;max-width:100%;height:250px;margin-bottom:20px}
.np-ad-band{height:90px;margin:28px 0 0}

/* ---------- Article ---------- */
.np-story{display:grid;gap:40px;padding-top:26px;padding-bottom:20px}
@media (min-width:1040px){.np-story{grid-template-columns:minmax(0,680px) 300px;justify-content:space-between}}
.np-art{max-width:680px}
.np-art .np-dek{font-size:21px;margin-bottom:16px}
.np-fig.lead{margin:6px 0 18px}
.np-fig.lead .np-ph{--ar:3/2}
.np-fig.lead figcaption{font-size:13px}
.np-fig.lead .np-credit{display:inline;text-align:left;margin-left:4px}
.np-by{display:flex;flex-wrap:wrap;gap:4px 14px;padding:10px 0;margin-bottom:0;border-top:1px solid var(--rule);border-bottom:1px solid var(--rule);font:500 13px/1.4 var(--sans);color:var(--ink2)}
.np-by span{font-weight:700;color:var(--ink)}
.np-body p{margin:0 0 1.15em;font-size:19.5px;line-height:1.62;color:#1a1a1a}
@media (max-width:639px){.np-body p{font-size:18.5px}}
.np-sources{margin-top:30px;padding-top:14px;border-top:1px solid var(--ink);font:400 14px/1.5 var(--sans);color:var(--ink2)}
.np-sources h2{margin:0 0 8px;font:800 12px/1 var(--sans);text-transform:uppercase;letter-spacing:.07em;color:var(--ink)}
.np-sources ul{margin:0 0 12px;padding:0;list-style:none}
.np-sources li{padding:5px 0}
.np-sources li b{margin-right:6px}
.np-sources p a{text-decoration:underline}
.np-more .np-card{display:grid;grid-template-columns:minmax(0,1fr) 96px;gap:12px;align-items:start;border-top:1px solid var(--rule)}
.np-more .np-card:first-of-type{border-top:0}
.np-more .np-card.text{grid-template-columns:1fr}
.np-more .np-card .np-thumb{order:2;margin:0}
.np-more .np-ph{--ar:1/1}
.np-more .np-ph.tall img.fg{object-fit:cover;object-position:50% 15%}
.np-more .np-ph.tall img.bg{display:none}
.np-more .np-hed{font-size:18px}

/* Figures: tap for the number as reported and the math */
.fig{all:unset;cursor:pointer;color:var(--fig);border-bottom:1.5px dotted currentColor;border-radius:2px;transition:background .15s}
.fig:hover,.fig:focus-visible{background:var(--figbg)}
.fig:focus-visible{outline:2px solid var(--fig);outline-offset:2px}
.fig.num{color:inherit;border-bottom:1px dotted #9a9a9a}
.fp{position:fixed;inset:auto;margin:0;width:330px;max-width:calc(100vw - 24px);padding:16px 18px 12px;border:1px solid #cfcfcf;border-radius:6px;background:#fff;color:var(--ink);box-shadow:0 10px 32px rgba(0,0,0,.16);font:400 14px/1.4 var(--sans);text-align:left}
.fp:popover-open{display:flex;flex-direction:column}
@supports not selector(:popover-open){.fp{display:none}}
.fp-x{all:unset;position:absolute;top:6px;right:8px;width:28px;height:28px;display:grid;place-items:center;font-size:20px;color:var(--mute);cursor:pointer;border-radius:50%}
.fp-x:hover{background:var(--soft)}
.fp-k{font:700 10.5px/1 var(--sans);text-transform:uppercase;letter-spacing:.08em;color:var(--mute);margin-bottom:6px}
.fp-orig{font:700 22px/1.15 var(--serif);color:var(--ink)}
.fp-what{margin-top:3px;color:var(--mute);font-size:13px}
.fp-rule{display:block;height:1px;background:var(--rule);margin:12px 0}
.fp-row{display:block;padding:7px 0;border-top:1px solid #f0f0f0;color:var(--ink)}
.fp-row:first-of-type{border-top:0}
.fp-row b{font:700 17px/1 var(--serif);margin-right:2px}
.fp-row.on b{color:var(--fig)}
.fp-row i{font-style:normal;font-size:12px;color:var(--mute)}
.fp-basis{display:block;margin:-2px 0 6px;font-size:12px;color:var(--mute)}
.fp-basis a{text-decoration:underline}
.fp-foot{display:flex;align-items:center;justify-content:space-between;gap:10px;margin-top:10px;padding-top:8px;border-top:1px solid var(--rule);font-size:11.5px;color:var(--mute)}
.fp-foot a{text-decoration:underline}
@media (max-width:639px){
  .fp{inset:auto 0 0 0;width:100%;max-width:none;border-radius:14px 14px 0 0;padding:18px 20px calc(16px + env(safe-area-inset-bottom));font-size:15px}
  .fp::backdrop{background:rgba(0,0,0,.28)}
  .fp-row{padding:10px 0}
}

/* ---------- Plain pages ---------- */
.np-page{padding-top:28px;padding-bottom:30px;max-width:760px}
.np-prose h2{margin:28px 0 6px;font:800 15px/1.3 var(--sans);text-transform:uppercase;letter-spacing:.05em}
.np-prose p{margin:0 0 14px;font-size:18.5px;line-height:1.6}
.np-prose a{text-decoration:underline}
.np-archive{list-style:none;margin:18px 0 0;padding:0;border-top:1px solid var(--ink)}
.np-archive li{border-bottom:1px solid var(--rule)}
.np-archive a{display:flex;justify-content:space-between;gap:12px;flex-wrap:wrap;padding:14px 0;font:400 17px/1.3 var(--serif)}
.np-archive span{font:500 13px/1.3 var(--sans);color:var(--mute)}

/* ---------- Footer ---------- */
.np-foot{margin-top:30px;border-top:1px solid var(--ink);padding:24px 0 40px;font:400 13px/1.5 var(--sans);color:var(--ink2)}
.np-foot-nav{display:grid;grid-template-columns:repeat(auto-fit,minmax(150px,1fr));gap:18px;margin:18px 0 20px}
.np-foot-nav h3{margin:0 0 8px;font:800 11.5px/1 var(--sans);text-transform:uppercase;letter-spacing:.07em;color:var(--ink)}
.np-foot-nav a{display:block;padding:3px 0}
.np-fine{margin:0;padding-top:14px;border-top:1px solid var(--rule);font-size:12px;color:var(--mute);max-width:760px}
.np-fine a{text-decoration:underline}
/* Packages with a tall photo: a narrow column of fixed width whose frame stretches to the text's height
   (with a near-square minimum). Never taller than the text, and the photo is never cropped. */
@media (min-width:760px){
  .np-pkg:has(.np-ph.tall){grid-template-columns:minmax(0,1fr) 270px}
  .np-pkg:has(.np-ph.tall) .np-pkg-img{min-height:240px}
  .np-pkg.big:has(.np-ph.tall){grid-template-columns:minmax(0,1fr) 360px}
  .np-pkg.big:has(.np-ph.tall) .np-pkg-img{min-height:420px}
  .np-solo>.np-pkg:has(.np-ph.tall){grid-template-columns:minmax(0,1fr) 170px}
  .np-solo>.np-pkg:has(.np-ph.tall) .np-pkg-img{min-height:150px}
  /* Never cropped: the whole photo, over a soft blur of itself in whatever space the text leaves. */
  .np-pkg:has(.np-ph.tall) .np-ph.tall img.fg{object-fit:contain}
}
@media (max-width:639px){.np-latest li:nth-child(n+5){display:none}}
/* A lone photo story in a desk: text beside a modest photo. */
.np-solo>.np-pkg{padding:14px 0;border-bottom:1px solid var(--rule)}
.np-solo .np-hed.lg{font-size:22px}
@media (min-width:760px){.np-solo>.np-pkg{grid-template-columns:minmax(0,2fr) minmax(0,1fr)}.np-solo .np-pkg-img{min-height:180px}}
@media (min-width:760px){.np-solo>.np-pkg:has(.np-ph.tall){grid-template-columns:minmax(0,1fr) 170px}.np-solo>.np-pkg:has(.np-ph.tall) .np-pkg-img{min-height:150px}}
@media (min-width:900px){.np-markets-in.nodebt{grid-template-columns:1fr}}
.np-dek .fig.cv{font-weight:600}
/* Sharing */
.np-share{display:flex;flex-wrap:wrap;align-items:center;gap:6px;padding:10px 0 22px}
.np-share.end{padding:18px 0 4px;margin-top:8px;border-top:1px solid var(--rule)}
.np-share svg{width:17px;height:17px;fill:currentColor}
.np-share svg.ln,.fp-share svg.ln{fill:none;stroke:currentColor;stroke-width:1.9;stroke-linecap:round;stroke-linejoin:round}
.sh-main{all:unset;display:inline-flex;align-items:center;gap:6px;height:34px;padding:0 14px;border-radius:17px;background:var(--ink);color:#fff;font:600 13px/1 var(--sans);cursor:pointer}
.sh-main:hover{opacity:.85}
.sh-ic{all:unset;display:inline-grid;place-items:center;width:34px;height:34px;border-radius:50%;border:1px solid var(--rule);color:var(--ink2);cursor:pointer;box-sizing:border-box}
.sh-ic:hover{color:var(--ink);border-color:var(--ink2);background:var(--soft)}
.sh-main:focus-visible,.sh-ic:focus-visible,.fp-share:focus-visible{outline:2px solid var(--fig);outline-offset:2px}
.sh-done{font:500 12.5px/1 var(--sans);color:var(--mute);margin-left:4px}
.fp-share{all:unset;flex:none;display:inline-flex;align-items:center;gap:5px;padding:5px 10px;border-radius:14px;border:1px solid var(--rule);font:600 12px/1 var(--sans);color:var(--ink);cursor:pointer}
.fp-share:hover{background:var(--soft)}
.fp-share svg{width:14px;height:14px}
@media print{.np-share{display:none}}
@media (max-width:420px){.np-share .sh-linkedin,.np-share .sh-mail{display:none}}