!function(t,e,i,s){function n(e,i){this.settings=null,this.options=t.extend({},n.Defaults,i),this.$element=t(e),this._handlers={},this._plugins={},this._supress={},this._current=null,this._speed=null,this._coordinates=[],this._breakpoint=null,this._width=null,this._items=[],this._clones=[],this._mergers=[],this._widths=[],this._invalidated={},this._pipe=[],this._drag={time:null,target:null,pointer:null,stage:{start:null,current:null},direction:null},this._states={current:{},tags:{initializing:["busy"],animating:["busy"],dragging:["interacting"]}},t.each(["onResize","onThrottledResize"],t.proxy(function(e,i){this._handlers[i]=t.proxy(this[i],this)},this)),t.each(n.Plugins,t.proxy(function(t,e){this._plugins[t[0].toLowerCase()+t.slice(1)]=new e(this)},this)),t.each(n.Workers,t.proxy(function(e,i){this._pipe.push({filter:i.filter,run:t.proxy(i.run,this)})},this)),this.setup(),this.initialize()}n.Defaults={items:3,loop:!1,center:!1,rewind:!1,mouseDrag:!0,touchDrag:!0,pullDrag:!0,freeDrag:!1,margin:0,stagePadding:0,merge:!1,mergeFit:!0,autoWidth:!1,startPosition:0,rtl:!1,smartSpeed:250,fluidSpeed:!1,dragEndSpeed:!1,responsive:{},responsiveRefreshRate:200,responsiveBaseElement:e,fallbackEasing:"swing",info:!1,nestedItemSelector:!1,itemElement:"div",stageElement:"div",refreshClass:"owl-refresh",loadedClass:"owl-loaded",loadingClass:"owl-loading",rtlClass:"owl-rtl",responsiveClass:"owl-responsive",dragClass:"owl-drag",itemClass:"owl-item",stageClass:"owl-stage",stageOuterClass:"owl-stage-outer",grabClass:"owl-grab"},n.Width={Default:"default",Inner:"inner",Outer:"outer"},n.Type={Event:"event",State:"state"},n.Plugins={},n.Workers=[{filter:["width","settings"],run:function(){this._width=this.$element.width()}},{filter:["width","items","settings"],run:function(t){t.current=this._items&&this._items[this.relative(this._current)]}},{filter:["items","settings"],run:function(){this.$stage.children(".cloned").remove()}},{filter:["width","items","settings"],run:function(t){var e=this.settings.margin||"",i=!this.settings.autoWidth,s=this.settings.rtl,n={width:"auto","margin-left":s?e:"","margin-right":s?"":e};!i&&this.$stage.children().css(n),t.css=n}},{filter:["width","items","settings"],run:function(t){var e=(this.width()/this.settings.items).toFixed(3)-this.settings.margin,i=null,s=this._items.length,n=!this.settings.autoWidth,o=[];for(t.items={merge:!1,width:e};s--;)i=this._mergers[s],i=this.settings.mergeFit&&Math.min(i,this.settings.items)||i,t.items.merge=i>1||t.items.merge,o[s]=n?e*i:this._items[s].width();this._widths=o}},{filter:["items","settings"],run:function(){var e=[],i=this._items,s=this.settings,n=Math.max(2*s.items,4),o=2*Math.ceil(i.length/2),r=s.loop&&i.length?s.rewind?n:Math.max(n,o):0,a="",h="";for(r/=2;r--;)e.push(this.normalize(e.length/2,!0)),a+=i[e[e.length-1]][0].outerHTML,e.push(this.normalize(i.length-1-(e.length-1)/2,!0)),h=i[e[e.length-1]][0].outerHTML+h;this._clones=e,t(a).addClass("cloned").appendTo(this.$stage),t(h).addClass("cloned").prependTo(this.$stage)}},{filter:["width","items","settings"],run:function(){for(var t=this.settings.rtl?1:-1,e=this._clones.length+this._items.length,i=-1,s=0,n=0,o=[];++ii;i++)t=this._coordinates[i-1]||0,e=Math.abs(this._coordinates[i])+o*n,(this.op(t,"<=",r)&&this.op(t,">",a)||this.op(e,"<",r)&&this.op(e,">",a))&&h.push(i);this.$stage.children(".active").removeClass("active"),this.$stage.children(":eq("+h.join("), :eq(")+")").addClass("active"),this.settings.center&&(this.$stage.children(".center").removeClass("center"),this.$stage.children().eq(this.current()).addClass("center"))}}],n.prototype.initialize=function(){if(this.enter("initializing"),this.trigger("initialize"),this.$element.toggleClass(this.settings.rtlClass,this.settings.rtl),this.settings.autoWidth&&!this.is("pre-loading")){var e,i,n;e=this.$element.find("img"),i=this.settings.nestedItemSelector?"."+this.settings.nestedItemSelector:s,n=this.$element.children(i).width(),e.length&&0>=n&&this.preloadAutoWidthImages(e)}this.$element.addClass(this.options.loadingClass),this.$stage=t("<"+this.settings.stageElement+' class="'+this.settings.stageClass+'"/>').wrap('
'),this.$element.append(this.$stage.parent()),this.replace(this.$element.children().not(this.$stage.parent())),this.$element.is(":visible")?this.refresh():this.invalidate("width"),this.$element.removeClass(this.options.loadingClass).addClass(this.options.loadedClass),this.registerEventHandlers(),this.leave("initializing"),this.trigger("initialized")},n.prototype.setup=function(){var e=this.viewport(),i=this.options.responsive,s=-1,n=null;i?(t.each(i,function(t){e>=t&&t>s&&(s=Number(t))}),n=t.extend({},this.options,i[s]),delete n.responsive,n.responsiveClass&&this.$element.attr("class",this.$element.attr("class").replace(new RegExp("("+this.options.responsiveClass+"-)\\S+\\s","g"),"$1"+s))):n=t.extend({},this.options),(null===this.settings||this._breakpoint!==s)&&(this.trigger("change",{property:{name:"settings",value:n}}),this._breakpoint=s,this.settings=n,this.invalidate("settings"),this.trigger("changed",{property:{name:"settings",value:this.settings}}))},n.prototype.optionsLogic=function(){this.settings.autoWidth&&(this.settings.stagePadding=!1,this.settings.merge=!1)},n.prototype.prepare=function(e){var i=this.trigger("prepare",{content:e});return i.data||(i.data=t("<"+this.settings.itemElement+"/>").addClass(this.options.itemClass).append(e)),this.trigger("prepared",{content:i.data}),i.data},n.prototype.update=function(){for(var e=0,i=this._pipe.length,s=t.proxy(function(t){return this[t]},this._invalidated),n={};i>e;)(this._invalidated.all||t.grep(this._pipe[e].filter,s).length>0)&&this._pipe[e].run(n),e++;this._invalidated={},!this.is("valid")&&this.enter("valid")},n.prototype.width=function(t){switch(t=t||n.Width.Default){case n.Width.Inner:case n.Width.Outer:return this._width;default:return this._width-2*this.settings.stagePadding+this.settings.margin}},n.prototype.refresh=function(){this.enter("refreshing"),this.trigger("refresh"),this.setup(),this.optionsLogic(),this.$element.addClass(this.options.refreshClass),this.update(),this.$element.removeClass(this.options.refreshClass),this.leave("refreshing"),this.trigger("refreshed")},n.prototype.onThrottledResize=function(){e.clearTimeout(this.resizeTimer),this.resizeTimer=e.setTimeout(this._handlers.onResize,this.settings.responsiveRefreshRate)},n.prototype.onResize=function(){return this._items.length?this._width===this.$element.width()?!1:this.$element.is(":visible")?(this.enter("resizing"),this.trigger("resize").isDefaultPrevented()?(this.leave("resizing"),!1):(this.invalidate("width"),this.refresh(),this.leave("resizing"),void this.trigger("resized"))):!1:!1},n.prototype.registerEventHandlers=function(){t.support.transition&&this.$stage.on(t.support.transition.end+".owl.core",t.proxy(this.onTransitionEnd,this)),this.settings.responsive!==!1&&this.on(e,"resize",this._handlers.onThrottledResize),this.settings.mouseDrag&&(this.$element.addClass(this.options.dragClass),this.$stage.on("mousedown.owl.core",t.proxy(this.onDragStart,this)),this.$stage.on("dragstart.owl.core selectstart.owl.core",function(){return!1})),this.settings.touchDrag&&(this.$stage.on("touchstart.owl.core",t.proxy(this.onDragStart,this)),this.$stage.on("touchcancel.owl.core",t.proxy(this.onDragEnd,this)))},n.prototype.onDragStart=function(e){var s=null;3!==e.which&&(t.support.transform?(s=this.$stage.css("transform").replace(/.*\(|\)| /g,"").split(","),s={x:s[16===s.length?12:4],y:s[16===s.length?13:5]}):(s=this.$stage.position(),s={x:this.settings.rtl?s.left+this.$stage.width()-this.width()+this.settings.margin:s.left,y:s.top}),this.is("animating")&&(t.support.transform?this.animate(s.x):this.$stage.stop(),this.invalidate("position")),this.$element.toggleClass(this.options.grabClass,"mousedown"===e.type),this.speed(0),this._drag.time=(new Date).getTime(),this._drag.target=t(e.target),this._drag.stage.start=s,this._drag.stage.current=s,this._drag.pointer=this.pointer(e),t(i).on("mouseup.owl.core touchend.owl.core",t.proxy(this.onDragEnd,this)),t(i).one("mousemove.owl.core touchmove.owl.core",t.proxy(function(e){var s=this.difference(this._drag.pointer,this.pointer(e));t(i).on("mousemove.owl.core touchmove.owl.core",t.proxy(this.onDragMove,this)),Math.abs(s.x)0^this.settings.rtl?"left":"right";t(i).off(".owl.core"),this.$element.removeClass(this.options.grabClass),(0!==s.x&&this.is("dragging")||!this.is("valid"))&&(this.speed(this.settings.dragEndSpeed||this.settings.smartSpeed),this.current(this.closest(n.x,0!==s.x?o:this._drag.direction)),this.invalidate("position"),this.update(),this._drag.direction=o,(Math.abs(s.x)>3||(new Date).getTime()-this._drag.time>300)&&this._drag.target.one("click.owl.core",function(){return!1})),this.is("dragging")&&(this.leave("dragging"),this.trigger("dragged"))},n.prototype.closest=function(e,i){var s=-1,n=30,o=this.width(),r=this.coordinates();return this.settings.freeDrag||t.each(r,t.proxy(function(t,a){return e>a-n&&a+n>e?s=t:this.op(e,"<",a)&&this.op(e,">",r[t+1]||a-o)&&(s="left"===i?t+1:t),-1===s},this)),this.settings.loop||(this.op(e,">",r[this.minimum()])?s=e=this.minimum():this.op(e,"<",r[this.maximum()])&&(s=e=this.maximum())),s},n.prototype.animate=function(e){var i=this.speed()>0;this.is("animating")&&this.onTransitionEnd(),i&&(this.enter("animating"),this.trigger("translate")),t.support.transform3d&&t.support.transition?this.$stage.css({transform:"translate3d("+e+"px,0px,0px)",transition:this.speed()/1e3+"s"}):i?this.$stage.animate({left:e+"px"},this.speed(),this.settings.fallbackEasing,t.proxy(this.onTransitionEnd,this)):this.$stage.css({left:e+"px"})},n.prototype.is=function(t){return this._states.current[t]&&this._states.current[t]>0},n.prototype.current=function(t){if(t===s)return this._current;if(0===this._items.length)return s;if(t=this.normalize(t),this._current!==t){var e=this.trigger("change",{property:{name:"position",value:t}});e.data!==s&&(t=this.normalize(e.data)),this._current=t,this.invalidate("position"),this.trigger("changed",{property:{name:"position",value:this._current}})}return this._current},n.prototype.invalidate=function(e){return"string"===t.type(e)&&(this._invalidated[e]=!0,this.is("valid")&&this.leave("valid")),t.map(this._invalidated,function(t,e){return e})},n.prototype.reset=function(t){t=this.normalize(t),t!==s&&(this._speed=0,this._current=t,this.suppress(["translate","translated"]),this.animate(this.coordinates(t)),this.release(["translate","translated"]))},n.prototype.normalize=function(e,i){var n=this._items.length,o=i?0:this._clones.length;return!t.isNumeric(e)||1>n?e=s:(0>e||e>=n+o)&&(e=((e-o/2)%n+n)%n+o/2),e},n.prototype.relative=function(t){return t-=this._clones.length/2,this.normalize(t,!0)},n.prototype.maximum=function(t){var e,i=this.settings,s=this._coordinates.length,n=Math.abs(this._coordinates[s-1])-this._width,o=-1;if(i.loop)s=this._clones.length/2+this._items.length-1;else if(i.autoWidth||i.merge)for(;s-o>1;)Math.abs(this._coordinates[e=s+o>>1])0)-(0>n),r=this._items.length,a=this.minimum(),h=this.maximum();this.settings.loop?(!this.settings.rewind&&Math.abs(n)>r/2&&(n+=-1*o*r),t=i+n,s=((t-a)%r+r)%r+a,s!==t&&h>=s-n&&s-n>0&&(i=s-n,t=s,this.reset(i))):this.settings.rewind?(h+=1,t=(t%h+h)%h):t=Math.max(a,Math.min(h,t)),this.speed(this.duration(i,t,e)),this.current(t),this.$element.is(":visible")&&this.update()},n.prototype.next=function(t){t=t||!1,this.to(this.relative(this.current())+1,t)},n.prototype.prev=function(t){t=t||!1,this.to(this.relative(this.current())-1,t)},n.prototype.onTransitionEnd=function(t){return t!==s&&(t.stopPropagation(),(t.target||t.srcElement||t.originalTarget)!==this.$stage.get(0))?!1:(this.leave("animating"),void this.trigger("translated"))},n.prototype.viewport=function(){var s;if(this.options.responsiveBaseElement!==e)s=t(this.options.responsiveBaseElement).width();else if(e.innerWidth)s=e.innerWidth;else{if(!i.documentElement||!i.documentElement.clientWidth)throw"Can not detect viewport width.";s=i.documentElement.clientWidth}return s},n.prototype.replace=function(e){this.$stage.empty(),this._items=[],e&&(e=e instanceof jQuery?e:t(e)),this.settings.nestedItemSelector&&(e=e.find("."+this.settings.nestedItemSelector)),e.filter(function(){return 1===this.nodeType}).each(t.proxy(function(t,e){e=this.prepare(e),this.$stage.append(e),this._items.push(e),this._mergers.push(1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)},this)),this.reset(t.isNumeric(this.settings.startPosition)?this.settings.startPosition:0),this.invalidate("items")},n.prototype.add=function(e,i){var n=this.relative(this._current);i=i===s?this._items.length:this.normalize(i,!0),e=e instanceof jQuery?e:t(e),this.trigger("add",{content:e,position:i}),e=this.prepare(e),0===this._items.length||i===this._items.length?(0===this._items.length&&this.$stage.append(e),0!==this._items.length&&this._items[i-1].after(e),this._items.push(e),this._mergers.push(1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)):(this._items[i].before(e),this._items.splice(i,0,e),this._mergers.splice(i,0,1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)),this._items[n]&&this.reset(this._items[n].index()),this.invalidate("items"),this.trigger("added",{content:e,position:i})},n.prototype.remove=function(t){t=this.normalize(t,!0),t!==s&&(this.trigger("remove",{content:this._items[t],position:t}),this._items[t].remove(),this._items.splice(t,1),this._mergers.splice(t,1),this.invalidate("items"),this.trigger("removed",{content:null,position:t}))},n.prototype.preloadAutoWidthImages=function(e){e.each(t.proxy(function(e,i){this.enter("pre-loading"),i=t(i),t(new Image).one("load",t.proxy(function(t){i.attr("src",t.target.src),i.css("opacity",1),this.leave("pre-loading"),!this.is("pre-loading")&&!this.is("initializing")&&this.refresh()},this)).attr("src",i.attr("src")||i.attr("data-src")||i.attr("data-src-retina"))},this))},n.prototype.destroy=function(){this.$element.off(".owl.core"),this.$stage.off(".owl.core"),t(i).off(".owl.core"),this.settings.responsive!==!1&&(e.clearTimeout(this.resizeTimer),this.off(e,"resize",this._handlers.onThrottledResize));for(var s in this._plugins)this._plugins[s].destroy();this.$stage.children(".cloned").remove(),this.$stage.unwrap(),this.$stage.children().contents().unwrap(),this.$stage.children().unwrap(),this.$element.removeClass(this.options.refreshClass).removeClass(this.options.loadingClass).removeClass(this.options.loadedClass).removeClass(this.options.rtlClass).removeClass(this.options.dragClass).removeClass(this.options.grabClass).attr("class",this.$element.attr("class").replace(new RegExp(this.options.responsiveClass+"-\\S+\\s","g"),"")).removeData("owl.vccarousel")},n.prototype.op=function(t,e,i){var s=this.settings.rtl;switch(e){case"<":return s?t>i:i>t;case">":return s?i>t:t>i;case">=":return s?i>=t:t>=i;case"<=":return s?t>=i:i>=t}},n.prototype.on=function(t,e,i,s){t.addEventListener?t.addEventListener(e,i,s):t.attachEvent&&t.attachEvent("on"+e,i)},n.prototype.off=function(t,e,i,s){t.removeEventListener?t.removeEventListener(e,i,s):t.detachEvent&&t.detachEvent("on"+e,i)},n.prototype.trigger=function(e,i,s,o,r){var a={item:{count:this._items.length,index:this.current()}},h=t.camelCase(t.grep(["on",e,s],function(t){return t}).join("-").toLowerCase()),l=t.Event([e,"owl",s||"vccarousel"].join(".").toLowerCase(),t.extend({relatedTarget:this},a,i));return this._supress[e]||(t.each(this._plugins,function(t,e){e.onTrigger&&e.onTrigger(l)}),this.register({type:n.Type.Event,name:e}),this.$element.trigger(l),this.settings&&"function"==typeof this.settings[h]&&this.settings[h].call(this,l)),l},n.prototype.enter=function(e){t.each([e].concat(this._states.tags[e]||[]),t.proxy(function(t,e){this._states.current[e]===s&&(this._states.current[e]=0),this._states.current[e]++},this))},n.prototype.leave=function(e){t.each([e].concat(this._states.tags[e]||[]),t.proxy(function(t,e){this._states.current[e]--},this))},n.prototype.register=function(e){if(e.type===n.Type.Event){if(t.event.special[e.name]||(t.event.special[e.name]={}),!t.event.special[e.name].owl){var i=t.event.special[e.name]._default;t.event.special[e.name]._default=function(t){return!i||!i.apply||t.namespace&&-1!==t.namespace.indexOf("owl")?t.namespace&&t.namespace.indexOf("owl")>-1:i.apply(this,arguments)},t.event.special[e.name].owl=!0}}else e.type===n.Type.State&&(this._states.tags[e.name]?this._states.tags[e.name]=this._states.tags[e.name].concat(e.tags):this._states.tags[e.name]=e.tags,this._states.tags[e.name]=t.grep(this._states.tags[e.name],t.proxy(function(i,s){return t.inArray(i,this._states.tags[e.name])===s},this)))},n.prototype.suppress=function(e){t.each(e,t.proxy(function(t,e){this._supress[e]=!0},this))},n.prototype.release=function(e){t.each(e,t.proxy(function(t,e){delete this._supress[e]},this))},n.prototype.pointer=function(t){var i={x:null,y:null};return t=t.originalEvent||t||e.event,t=t.touches&&t.touches.length?t.touches[0]:t.changedTouches&&t.changedTouches.length?t.changedTouches[0]:t,t.pageX?(i.x=t.pageX,i.y=t.pageY):(i.x=t.clientX,i.y=t.clientY),i},n.prototype.difference=function(t,e){return{x:t.x-e.x,y:t.y-e.y}},t.fn.vcOwlCarousel=function(e){var i=Array.prototype.slice.call(arguments,1);return this.each(function(){var s=t(this),o=s.data("owl.vccarousel");o||(o=new n(this,"object"==typeof e&&e),s.data("owl.vccarousel",o),t.each(["next","prev","to","destroy","refresh","replace","add","remove"],function(e,i){o.register({type:n.Type.Event,name:i}),o.$element.on(i+".owl.vccarousel.core",t.proxy(function(t){t.namespace&&t.relatedTarget!==this&&(this.suppress([i]),o[i].apply(this,[].slice.call(arguments,1)),this.release([i]))},o))})),"string"==typeof e&&"_"!==e.charAt(0)&&o[e].apply(o,i)})},t.fn.vcOwlCarousel.Constructor=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._interval=null,this._visible=null,this._handlers={"initialized.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoRefresh&&this.watch()},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers)};n.Defaults={autoRefresh:!0,autoRefreshInterval:500},n.prototype.watch=function(){this._interval||(this._visible=this._core.$element.is(":visible"),this._interval=e.setInterval(t.proxy(this.refresh,this),this._core.settings.autoRefreshInterval))},n.prototype.refresh=function(){this._core.$element.is(":visible")!==this._visible&&(this._visible=!this._visible,this._core.$element.toggleClass("owl-hidden",!this._visible),this._visible&&this._core.invalidate("width")&&this._core.refresh())},n.prototype.destroy=function(){var t,i;e.clearInterval(this._interval);for(t in this._handlers)this._core.$element.off(t,this._handlers[t]);for(i in Object.getOwnPropertyNames(this))"function"!=typeof this[i]&&(this[i]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.AutoRefresh=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._loaded=[],this._handlers={"initialized.owl.vccarousel change.owl.vccarousel":t.proxy(function(e){if(e.namespace&&this._core.settings&&this._core.settings.lazyLoad&&(e.property&&"position"==e.property.name||"initialized"==e.type))for(var i=this._core.settings,s=i.center&&Math.ceil(i.items/2)||i.items,n=i.center&&-1*s||0,o=(e.property&&e.property.value||this._core.current())+n,r=this._core.clones().length,a=t.proxy(function(t,e){this.load(e)},this);n++-1||(n.each(t.proxy(function(i,s){var n,o=t(s),r=e.devicePixelRatio>1&&o.attr("data-src-retina")||o.attr("data-src");this._core.trigger("load",{element:o,url:r},"lazy"),o.is("img")?o.one("load.owl.lazy",t.proxy(function(){o.css("opacity",1),this._core.trigger("loaded",{element:o,url:r},"lazy")},this)).attr("src",r):(n=new Image,n.onload=t.proxy(function(){o.css({"background-image":"url("+r+")",opacity:"1"}),this._core.trigger("loaded",{element:o,url:r},"lazy")},this),n.src=r)},this)),this._loaded.push(s.get(0)))},n.prototype.destroy=function(){var t,e;for(t in this.handlers)this._core.$element.off(t,this.handlers[t]);for(e in Object.getOwnPropertyNames(this))"function"!=typeof this[e]&&(this[e]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.Lazy=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._handlers={"initialized.owl.vccarousel refreshed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&this.update()},this),"changed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&"position"==t.property.name&&this.update()},this),"loaded.owl.lazy":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&t.element.closest("."+this._core.settings.itemClass).index()===this._core.current()&&this.update()},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers)};n.Defaults={autoHeight:!1,autoHeightClass:"owl-height"},n.prototype.update=function(){this._core.$stage.parent().height(this._core.$stage.children().eq(this._core.current()).height()).addClass(this._core.settings.autoHeightClass)},n.prototype.destroy=function(){var t,e;for(t in this._handlers)this._core.$element.off(t,this._handlers[t]);for(e in Object.getOwnPropertyNames(this))"function"!=typeof this[e]&&(this[e]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.AutoHeight=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._videos={},this._playing=null,this._handlers={"initialized.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.register({type:"state",name:"playing",tags:["interacting"]})},this),"resize.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.video&&this.isInFullScreen()&&t.preventDefault()},this),"refreshed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.is("resizing")&&this._core.$stage.find(".cloned .owl-video-frame").remove()},this),"changed.owl.vccarousel":t.proxy(function(t){t.namespace&&"position"===t.property.name&&this._playing&&this.stop()},this),"prepared.owl.vccarousel":t.proxy(function(e){if(e.namespace){var i=t(e.content).find(".owl-video");i.length&&(i.css("display","none"),this.fetch(i,t(e.content)))}},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers),this._core.$element.on("click.owl.video",".owl-video-play-icon",t.proxy(function(t){this.play(t)},this))};n.Defaults={video:!1,videoHeight:!1,videoWidth:!1},n.prototype.fetch=function(t,e){var i=t.attr("data-vimeo-id")?"vimeo":"youtube",s=t.attr("data-vimeo-id")||t.attr("data-youtube-id"),n=t.attr("data-width")||this._core.settings.videoWidth,o=t.attr("data-height")||this._core.settings.videoHeight,r=t.attr("href");if(!r)throw new Error("Missing video URL.");if(s=r.match(/(http:|https:|)\/\/(player.|www.)?(vimeo\.com|youtu(be\.com|\.be|be\.googleapis\.com))\/(video\/|embed\/|watch\?v=|v\/)?([A-Za-z0-9._%-]*)(\&\S+)?/),s[3].indexOf("youtu")>-1)i="youtube";else{if(!(s[3].indexOf("vimeo")>-1))throw new Error("Video URL not 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t,e,i,s=this._core.clones().length/2,n=s+this._core.items().length,o=this._core.maximum(!0),r=this._core.settings,a=r.center||r.autoWidth||r.dotsData?1:r.dotsEach||r.items;if("page"!==r.slideBy&&(r.slideBy=Math.min(r.slideBy,r.items)),r.dots||"page"==r.slideBy)for(this._pages=[],t=s,e=0,i=0;n>t;t++){if(e>=a||0===e){if(this._pages.push({start:Math.min(o,t-s),end:t-s+a-1}),Math.min(o,t-s)===o)break;e=0,++i}e+=this._core.mergers(this._core.relative(t))}},n.prototype.draw=function(){var e,i=this._core.settings,s=this._core.items().length<=i.items,n=this._core.relative(this._core.current()),o=i.loop||i.rewind;this._controls.$relative.toggleClass("disabled",!i.nav||s),i.nav&&(this._controls.$previous.toggleClass("disabled",!o&&n<=this._core.minimum(!0)),this._controls.$next.toggleClass("disabled",!o&&n>=this._core.maximum(!0))),this._controls.$absolute.toggleClass("disabled",!i.dots||s),i.dots&&(e=this._pages.length-this._controls.$absolute.children().length,i.dotsData&&0!==e?this._controls.$absolute.html(this._templates.join("")):e>0?this._controls.$absolute.append(new Array(e+1).join(this._templates[0])):0>e&&this._controls.$absolute.children().slice(e).remove(),this._controls.$absolute.find(".active").removeClass("active"),this._controls.$absolute.children().eq(t.inArray(this.current(),this._pages)).addClass("active"))},n.prototype.onTrigger=function(e){var i=this._core.settings;e.page={index:t.inArray(this.current(),this._pages),count:this._pages.length,size:i&&(i.center||i.autoWidth||i.dotsData?1:i.dotsEach||i.items)}},n.prototype.current=function(){var e=this._core.relative(this._core.current());return t.grep(this._pages,t.proxy(function(t,i){return t.start<=e&&t.end>=e},this)).pop()},n.prototype.getPosition=function(e){var i,s,n=this._core.settings;return"page"==n.slideBy?(i=t.inArray(this.current(),this._pages),s=this._pages.length,e?++i:--i,i=this._pages[(i%s+s)%s].start):(i=this._core.relative(this._core.current()),s=this._core.items().length,e?i+=n.slideBy:i-=n.slideBy),i},n.prototype.next=function(e){t.proxy(this._overrides.to,this._core)(this.getPosition(!0),e)},n.prototype.prev=function(e){t.proxy(this._overrides.to,this._core)(this.getPosition(!1),e)},n.prototype.to=function(e,i,s){var n;s?t.proxy(this._overrides.to,this._core)(e,i):(n=this._pages.length,t.proxy(this._overrides.to,this._core)(this._pages[(e%n+n)%n].start,i))},t.fn.vcOwlCarousel.Constructor.Plugins.Navigation=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){"use strict";var n=function(i){this._core=i,this._hashes={},this.$element=this._core.$element,this._handlers={"initialized.owl.vccarousel":t.proxy(function(i){i.namespace&&"URLHash"===this._core.settings.startPosition&&t(e).trigger("hashchange.owl.navigation")},this),"prepared.owl.vccarousel":t.proxy(function(e){if(e.namespace){var i=t(e.content).find("[data-hash]").andSelf("[data-hash]").attr("data-hash");if(!i)return;this._hashes[i]=e.content}},this),"changed.owl.vccarousel":t.proxy(function(i){if(i.namespace&&"position"===i.property.name){var s=this._core.items(this._core.relative(this._core.current())),n=t.map(this._hashes,function(t,e){return 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!function(t,e,i,s){function n(e,i){this.settings=null,this.options=t.extend({},n.Defaults,i),this.$element=t(e),this._handlers={},this._plugins={},this._supress={},this._current=null,this._speed=null,this._coordinates=[],this._breakpoint=null,this._width=null,this._items=[],this._clones=[],this._mergers=[],this._widths=[],this._invalidated={},this._pipe=[],this._drag={time:null,target:null,pointer:null,stage:{start:null,current:null},direction:null},this._states={current:{},tags:{initializing:["busy"],animating:["busy"],dragging:["interacting"]}},t.each(["onResize","onThrottledResize"],t.proxy(function(e,i){this._handlers[i]=t.proxy(this[i],this)},this)),t.each(n.Plugins,t.proxy(function(t,e){this._plugins[t[0].toLowerCase()+t.slice(1)]=new 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e=this.settings.margin||"",i=!this.settings.autoWidth,s=this.settings.rtl,n={width:"auto","margin-left":s?e:"","margin-right":s?"":e};!i&&this.$stage.children().css(n),t.css=n}},{filter:["width","items","settings"],run:function(t){var e=(this.width()/this.settings.items).toFixed(3)-this.settings.margin,i=null,s=this._items.length,n=!this.settings.autoWidth,o=[];for(t.items={merge:!1,width:e};s--;)i=this._mergers[s],i=this.settings.mergeFit&&Math.min(i,this.settings.items)||i,t.items.merge=i>1||t.items.merge,o[s]=n?e*i:this._items[s].width();this._widths=o}},{filter:["items","settings"],run:function(){var e=[],i=this._items,s=this.settings,n=Math.max(2*s.items,4),o=2*Math.ceil(i.length/2),r=s.loop&&i.length?s.rewind?n:Math.max(n,o):0,a="",h="";for(r/=2;r--;)e.push(this.normalize(e.length/2,!0)),a+=i[e[e.length-1]][0].outerHTML,e.push(this.normalize(i.length-1-(e.length-1)/2,!0)),h=i[e[e.length-1]][0].outerHTML+h;this._clones=e,t(a).addClass("cloned").appendTo(this.$stage),t(h).addClass("cloned").prependTo(this.$stage)}},{filter:["width","items","settings"],run:function(){for(var t=this.settings.rtl?1:-1,e=this._clones.length+this._items.length,i=-1,s=0,n=0,o=[];++ii;i++)t=this._coordinates[i-1]||0,e=Math.abs(this._coordinates[i])+o*n,(this.op(t,"<=",r)&&this.op(t,">",a)||this.op(e,"<",r)&&this.op(e,">",a))&&h.push(i);this.$stage.children(".active").removeClass("active"),this.$stage.children(":eq("+h.join("), 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RegExp("("+this.options.responsiveClass+"-)\\S+\\s","g"),"$1"+s))):n=t.extend({},this.options),(null===this.settings||this._breakpoint!==s)&&(this.trigger("change",{property:{name:"settings",value:n}}),this._breakpoint=s,this.settings=n,this.invalidate("settings"),this.trigger("changed",{property:{name:"settings",value:this.settings}}))},n.prototype.optionsLogic=function(){this.settings.autoWidth&&(this.settings.stagePadding=!1,this.settings.merge=!1)},n.prototype.prepare=function(e){var i=this.trigger("prepare",{content:e});return i.data||(i.data=t("<"+this.settings.itemElement+"/>").addClass(this.options.itemClass).append(e)),this.trigger("prepared",{content:i.data}),i.data},n.prototype.update=function(){for(var e=0,i=this._pipe.length,s=t.proxy(function(t){return this[t]},this._invalidated),n={};i>e;)(this._invalidated.all||t.grep(this._pipe[e].filter,s).length>0)&&this._pipe[e].run(n),e++;this._invalidated={},!this.is("valid")&&this.enter("valid")},n.prototype.width=function(t){switch(t=t||n.Width.Default){case n.Width.Inner:case n.Width.Outer:return this._width;default:return this._width-2*this.settings.stagePadding+this.settings.margin}},n.prototype.refresh=function(){this.enter("refreshing"),this.trigger("refresh"),this.setup(),this.optionsLogic(),this.$element.addClass(this.options.refreshClass),this.update(),this.$element.removeClass(this.options.refreshClass),this.leave("refreshing"),this.trigger("refreshed")},n.prototype.onThrottledResize=function(){e.clearTimeout(this.resizeTimer),this.resizeTimer=e.setTimeout(this._handlers.onResize,this.settings.responsiveRefreshRate)},n.prototype.onResize=function(){return this._items.length?this._width===this.$element.width()?!1:this.$element.is(":visible")?(this.enter("resizing"),this.trigger("resize").isDefaultPrevented()?(this.leave("resizing"),!1):(this.invalidate("width"),this.refresh(),this.leave("resizing"),void this.trigger("resized"))):!1:!1},n.prototype.registerEventHandlers=function(){t.support.transition&&this.$stage.on(t.support.transition.end+".owl.core",t.proxy(this.onTransitionEnd,this)),this.settings.responsive!==!1&&this.on(e,"resize",this._handlers.onThrottledResize),this.settings.mouseDrag&&(this.$element.addClass(this.options.dragClass),this.$stage.on("mousedown.owl.core",t.proxy(this.onDragStart,this)),this.$stage.on("dragstart.owl.core selectstart.owl.core",function(){return!1})),this.settings.touchDrag&&(this.$stage.on("touchstart.owl.core",t.proxy(this.onDragStart,this)),this.$stage.on("touchcancel.owl.core",t.proxy(this.onDragEnd,this)))},n.prototype.onDragStart=function(e){var s=null;3!==e.which&&(t.support.transform?(s=this.$stage.css("transform").replace(/.*\(|\)| /g,"").split(","),s={x:s[16===s.length?12:4],y:s[16===s.length?13:5]}):(s=this.$stage.position(),s={x:this.settings.rtl?s.left+this.$stage.width()-this.width()+this.settings.margin:s.left,y:s.top}),this.is("animating")&&(t.support.transform?this.animate(s.x):this.$stage.stop(),this.invalidate("position")),this.$element.toggleClass(this.options.grabClass,"mousedown"===e.type),this.speed(0),this._drag.time=(new Date).getTime(),this._drag.target=t(e.target),this._drag.stage.start=s,this._drag.stage.current=s,this._drag.pointer=this.pointer(e),t(i).on("mouseup.owl.core touchend.owl.core",t.proxy(this.onDragEnd,this)),t(i).one("mousemove.owl.core touchmove.owl.core",t.proxy(function(e){var s=this.difference(this._drag.pointer,this.pointer(e));t(i).on("mousemove.owl.core touchmove.owl.core",t.proxy(this.onDragMove,this)),Math.abs(s.x)0^this.settings.rtl?"left":"right";t(i).off(".owl.core"),this.$element.removeClass(this.options.grabClass),(0!==s.x&&this.is("dragging")||!this.is("valid"))&&(this.speed(this.settings.dragEndSpeed||this.settings.smartSpeed),this.current(this.closest(n.x,0!==s.x?o:this._drag.direction)),this.invalidate("position"),this.update(),this._drag.direction=o,(Math.abs(s.x)>3||(new Date).getTime()-this._drag.time>300)&&this._drag.target.one("click.owl.core",function(){return!1})),this.is("dragging")&&(this.leave("dragging"),this.trigger("dragged"))},n.prototype.closest=function(e,i){var s=-1,n=30,o=this.width(),r=this.coordinates();return this.settings.freeDrag||t.each(r,t.proxy(function(t,a){return e>a-n&&a+n>e?s=t:this.op(e,"<",a)&&this.op(e,">",r[t+1]||a-o)&&(s="left"===i?t+1:t),-1===s},this)),this.settings.loop||(this.op(e,">",r[this.minimum()])?s=e=this.minimum():this.op(e,"<",r[this.maximum()])&&(s=e=this.maximum())),s},n.prototype.animate=function(e){var i=this.speed()>0;this.is("animating")&&this.onTransitionEnd(),i&&(this.enter("animating"),this.trigger("translate")),t.support.transform3d&&t.support.transition?this.$stage.css({transform:"translate3d("+e+"px,0px,0px)",transition:this.speed()/1e3+"s"}):i?this.$stage.animate({left:e+"px"},this.speed(),this.settings.fallbackEasing,t.proxy(this.onTransitionEnd,this)):this.$stage.css({left:e+"px"})},n.prototype.is=function(t){return this._states.current[t]&&this._states.current[t]>0},n.prototype.current=function(t){if(t===s)return this._current;if(0===this._items.length)return s;if(t=this.normalize(t),this._current!==t){var e=this.trigger("change",{property:{name:"position",value:t}});e.data!==s&&(t=this.normalize(e.data)),this._current=t,this.invalidate("position"),this.trigger("changed",{property:{name:"position",value:this._current}})}return this._current},n.prototype.invalidate=function(e){return"string"===t.type(e)&&(this._invalidated[e]=!0,this.is("valid")&&this.leave("valid")),t.map(this._invalidated,function(t,e){return e})},n.prototype.reset=function(t){t=this.normalize(t),t!==s&&(this._speed=0,this._current=t,this.suppress(["translate","translated"]),this.animate(this.coordinates(t)),this.release(["translate","translated"]))},n.prototype.normalize=function(e,i){var n=this._items.length,o=i?0:this._clones.length;return!t.isNumeric(e)||1>n?e=s:(0>e||e>=n+o)&&(e=((e-o/2)%n+n)%n+o/2),e},n.prototype.relative=function(t){return t-=this._clones.length/2,this.normalize(t,!0)},n.prototype.maximum=function(t){var e,i=this.settings,s=this._coordinates.length,n=Math.abs(this._coordinates[s-1])-this._width,o=-1;if(i.loop)s=this._clones.length/2+this._items.length-1;else if(i.autoWidth||i.merge)for(;s-o>1;)Math.abs(this._coordinates[e=s+o>>1])0)-(0>n),r=this._items.length,a=this.minimum(),h=this.maximum();this.settings.loop?(!this.settings.rewind&&Math.abs(n)>r/2&&(n+=-1*o*r),t=i+n,s=((t-a)%r+r)%r+a,s!==t&&h>=s-n&&s-n>0&&(i=s-n,t=s,this.reset(i))):this.settings.rewind?(h+=1,t=(t%h+h)%h):t=Math.max(a,Math.min(h,t)),this.speed(this.duration(i,t,e)),this.current(t),this.$element.is(":visible")&&this.update()},n.prototype.next=function(t){t=t||!1,this.to(this.relative(this.current())+1,t)},n.prototype.prev=function(t){t=t||!1,this.to(this.relative(this.current())-1,t)},n.prototype.onTransitionEnd=function(t){return t!==s&&(t.stopPropagation(),(t.target||t.srcElement||t.originalTarget)!==this.$stage.get(0))?!1:(this.leave("animating"),void this.trigger("translated"))},n.prototype.viewport=function(){var s;if(this.options.responsiveBaseElement!==e)s=t(this.options.responsiveBaseElement).width();else if(e.innerWidth)s=e.innerWidth;else{if(!i.documentElement||!i.documentElement.clientWidth)throw"Can not detect viewport width.";s=i.documentElement.clientWidth}return s},n.prototype.replace=function(e){this.$stage.empty(),this._items=[],e&&(e=e instanceof jQuery?e:t(e)),this.settings.nestedItemSelector&&(e=e.find("."+this.settings.nestedItemSelector)),e.filter(function(){return 1===this.nodeType}).each(t.proxy(function(t,e){e=this.prepare(e),this.$stage.append(e),this._items.push(e),this._mergers.push(1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)},this)),this.reset(t.isNumeric(this.settings.startPosition)?this.settings.startPosition:0),this.invalidate("items")},n.prototype.add=function(e,i){var n=this.relative(this._current);i=i===s?this._items.length:this.normalize(i,!0),e=e instanceof jQuery?e:t(e),this.trigger("add",{content:e,position:i}),e=this.prepare(e),0===this._items.length||i===this._items.length?(0===this._items.length&&this.$stage.append(e),0!==this._items.length&&this._items[i-1].after(e),this._items.push(e),this._mergers.push(1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)):(this._items[i].before(e),this._items.splice(i,0,e),this._mergers.splice(i,0,1*e.find("[data-merge]").andSelf("[data-merge]").attr("data-merge")||1)),this._items[n]&&this.reset(this._items[n].index()),this.invalidate("items"),this.trigger("added",{content:e,position:i})},n.prototype.remove=function(t){t=this.normalize(t,!0),t!==s&&(this.trigger("remove",{content:this._items[t],position:t}),this._items[t].remove(),this._items.splice(t,1),this._mergers.splice(t,1),this.invalidate("items"),this.trigger("removed",{content:null,position:t}))},n.prototype.preloadAutoWidthImages=function(e){e.each(t.proxy(function(e,i){this.enter("pre-loading"),i=t(i),t(new Image).one("load",t.proxy(function(t){i.attr("src",t.target.src),i.css("opacity",1),this.leave("pre-loading"),!this.is("pre-loading")&&!this.is("initializing")&&this.refresh()},this)).attr("src",i.attr("src")||i.attr("data-src")||i.attr("data-src-retina"))},this))},n.prototype.destroy=function(){this.$element.off(".owl.core"),this.$stage.off(".owl.core"),t(i).off(".owl.core"),this.settings.responsive!==!1&&(e.clearTimeout(this.resizeTimer),this.off(e,"resize",this._handlers.onThrottledResize));for(var s in this._plugins)this._plugins[s].destroy();this.$stage.children(".cloned").remove(),this.$stage.unwrap(),this.$stage.children().contents().unwrap(),this.$stage.children().unwrap(),this.$element.removeClass(this.options.refreshClass).removeClass(this.options.loadingClass).removeClass(this.options.loadedClass).removeClass(this.options.rtlClass).removeClass(this.options.dragClass).removeClass(this.options.grabClass).attr("class",this.$element.attr("class").replace(new RegExp(this.options.responsiveClass+"-\\S+\\s","g"),"")).removeData("owl.vccarousel")},n.prototype.op=function(t,e,i){var s=this.settings.rtl;switch(e){case"<":return s?t>i:i>t;case">":return s?i>t:t>i;case">=":return s?i>=t:t>=i;case"<=":return s?t>=i:i>=t}},n.prototype.on=function(t,e,i,s){t.addEventListener?t.addEventListener(e,i,s):t.attachEvent&&t.attachEvent("on"+e,i)},n.prototype.off=function(t,e,i,s){t.removeEventListener?t.removeEventListener(e,i,s):t.detachEvent&&t.detachEvent("on"+e,i)},n.prototype.trigger=function(e,i,s,o,r){var a={item:{count:this._items.length,index:this.current()}},h=t.camelCase(t.grep(["on",e,s],function(t){return t}).join("-").toLowerCase()),l=t.Event([e,"owl",s||"vccarousel"].join(".").toLowerCase(),t.extend({relatedTarget:this},a,i));return this._supress[e]||(t.each(this._plugins,function(t,e){e.onTrigger&&e.onTrigger(l)}),this.register({type:n.Type.Event,name:e}),this.$element.trigger(l),this.settings&&"function"==typeof this.settings[h]&&this.settings[h].call(this,l)),l},n.prototype.enter=function(e){t.each([e].concat(this._states.tags[e]||[]),t.proxy(function(t,e){this._states.current[e]===s&&(this._states.current[e]=0),this._states.current[e]++},this))},n.prototype.leave=function(e){t.each([e].concat(this._states.tags[e]||[]),t.proxy(function(t,e){this._states.current[e]--},this))},n.prototype.register=function(e){if(e.type===n.Type.Event){if(t.event.special[e.name]||(t.event.special[e.name]={}),!t.event.special[e.name].owl){var i=t.event.special[e.name]._default;t.event.special[e.name]._default=function(t){return!i||!i.apply||t.namespace&&-1!==t.namespace.indexOf("owl")?t.namespace&&t.namespace.indexOf("owl")>-1:i.apply(this,arguments)},t.event.special[e.name].owl=!0}}else e.type===n.Type.State&&(this._states.tags[e.name]?this._states.tags[e.name]=this._states.tags[e.name].concat(e.tags):this._states.tags[e.name]=e.tags,this._states.tags[e.name]=t.grep(this._states.tags[e.name],t.proxy(function(i,s){return t.inArray(i,this._states.tags[e.name])===s},this)))},n.prototype.suppress=function(e){t.each(e,t.proxy(function(t,e){this._supress[e]=!0},this))},n.prototype.release=function(e){t.each(e,t.proxy(function(t,e){delete this._supress[e]},this))},n.prototype.pointer=function(t){var i={x:null,y:null};return t=t.originalEvent||t||e.event,t=t.touches&&t.touches.length?t.touches[0]:t.changedTouches&&t.changedTouches.length?t.changedTouches[0]:t,t.pageX?(i.x=t.pageX,i.y=t.pageY):(i.x=t.clientX,i.y=t.clientY),i},n.prototype.difference=function(t,e){return{x:t.x-e.x,y:t.y-e.y}},t.fn.vcOwlCarousel=function(e){var i=Array.prototype.slice.call(arguments,1);return this.each(function(){var s=t(this),o=s.data("owl.vccarousel");o||(o=new n(this,"object"==typeof e&&e),s.data("owl.vccarousel",o),t.each(["next","prev","to","destroy","refresh","replace","add","remove"],function(e,i){o.register({type:n.Type.Event,name:i}),o.$element.on(i+".owl.vccarousel.core",t.proxy(function(t){t.namespace&&t.relatedTarget!==this&&(this.suppress([i]),o[i].apply(this,[].slice.call(arguments,1)),this.release([i]))},o))})),"string"==typeof e&&"_"!==e.charAt(0)&&o[e].apply(o,i)})},t.fn.vcOwlCarousel.Constructor=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._interval=null,this._visible=null,this._handlers={"initialized.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoRefresh&&this.watch()},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers)};n.Defaults={autoRefresh:!0,autoRefreshInterval:500},n.prototype.watch=function(){this._interval||(this._visible=this._core.$element.is(":visible"),this._interval=e.setInterval(t.proxy(this.refresh,this),this._core.settings.autoRefreshInterval))},n.prototype.refresh=function(){this._core.$element.is(":visible")!==this._visible&&(this._visible=!this._visible,this._core.$element.toggleClass("owl-hidden",!this._visible),this._visible&&this._core.invalidate("width")&&this._core.refresh())},n.prototype.destroy=function(){var t,i;e.clearInterval(this._interval);for(t in this._handlers)this._core.$element.off(t,this._handlers[t]);for(i in Object.getOwnPropertyNames(this))"function"!=typeof this[i]&&(this[i]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.AutoRefresh=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._loaded=[],this._handlers={"initialized.owl.vccarousel change.owl.vccarousel":t.proxy(function(e){if(e.namespace&&this._core.settings&&this._core.settings.lazyLoad&&(e.property&&"position"==e.property.name||"initialized"==e.type))for(var i=this._core.settings,s=i.center&&Math.ceil(i.items/2)||i.items,n=i.center&&-1*s||0,o=(e.property&&e.property.value||this._core.current())+n,r=this._core.clones().length,a=t.proxy(function(t,e){this.load(e)},this);n++-1||(n.each(t.proxy(function(i,s){var n,o=t(s),r=e.devicePixelRatio>1&&o.attr("data-src-retina")||o.attr("data-src");this._core.trigger("load",{element:o,url:r},"lazy"),o.is("img")?o.one("load.owl.lazy",t.proxy(function(){o.css("opacity",1),this._core.trigger("loaded",{element:o,url:r},"lazy")},this)).attr("src",r):(n=new Image,n.onload=t.proxy(function(){o.css({"background-image":"url("+r+")",opacity:"1"}),this._core.trigger("loaded",{element:o,url:r},"lazy")},this),n.src=r)},this)),this._loaded.push(s.get(0)))},n.prototype.destroy=function(){var t,e;for(t in this.handlers)this._core.$element.off(t,this.handlers[t]);for(e in Object.getOwnPropertyNames(this))"function"!=typeof this[e]&&(this[e]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.Lazy=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._handlers={"initialized.owl.vccarousel refreshed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&this.update()},this),"changed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&"position"==t.property.name&&this.update()},this),"loaded.owl.lazy":t.proxy(function(t){t.namespace&&this._core.settings.autoHeight&&t.element.closest("."+this._core.settings.itemClass).index()===this._core.current()&&this.update()},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers)};n.Defaults={autoHeight:!1,autoHeightClass:"owl-height"},n.prototype.update=function(){this._core.$stage.parent().height(this._core.$stage.children().eq(this._core.current()).height()).addClass(this._core.settings.autoHeightClass)},n.prototype.destroy=function(){var t,e;for(t in this._handlers)this._core.$element.off(t,this._handlers[t]);for(e in Object.getOwnPropertyNames(this))"function"!=typeof this[e]&&(this[e]=null)},t.fn.vcOwlCarousel.Constructor.Plugins.AutoHeight=n}(window.Zepto||window.jQuery,window,document),function(t,e,i,s){var n=function(e){this._core=e,this._videos={},this._playing=null,this._handlers={"initialized.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.register({type:"state",name:"playing",tags:["interacting"]})},this),"resize.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.settings.video&&this.isInFullScreen()&&t.preventDefault()},this),"refreshed.owl.vccarousel":t.proxy(function(t){t.namespace&&this._core.is("resizing")&&this._core.$stage.find(".cloned .owl-video-frame").remove()},this),"changed.owl.vccarousel":t.proxy(function(t){t.namespace&&"position"===t.property.name&&this._playing&&this.stop()},this),"prepared.owl.vccarousel":t.proxy(function(e){if(e.namespace){var i=t(e.content).find(".owl-video");i.length&&(i.css("display","none"),this.fetch(i,t(e.content)))}},this)},this._core.options=t.extend({},n.Defaults,this._core.options),this._core.$element.on(this._handlers),this._core.$element.on("click.owl.video",".owl-video-play-icon",t.proxy(function(t){this.play(t)},this))};n.Defaults={video:!1,videoHeight:!1,videoWidth:!1},n.prototype.fetch=function(t,e){var i=t.attr("data-vimeo-id")?"vimeo":"youtube",s=t.attr("data-vimeo-id")||t.attr("data-youtube-id"),n=t.attr("data-width")||this._core.settings.videoWidth,o=t.attr("data-height")||this._core.settings.videoHeight,r=t.attr("href");if(!r)throw new Error("Missing video URL.");if(s=r.match(/(http:|https:|)\/\/(player.|www.)?(vimeo\.com|youtu(be\.com|\.be|be\.googleapis\.com))\/(video\/|embed\/|watch\?v=|v\/)?([A-Za-z0-9._%-]*)(\&\S+)?/),s[3].indexOf("youtu")>-1)i="youtube";else{if(!(s[3].indexOf("vimeo")>-1))throw new Error("Video URL not supported.");i="vimeo"}s=s[6],this._videos[r]={type:i,id:s,width:n,height:o},e.attr("data-video",r),this.thumbnail(t,this._videos[r])},n.prototype.thumbnail=function(e,i){var s,n,o,r=i.width&&i.height?'style="width:'+i.width+"px;height:"+i.height+'px;"':"",a=e.find("img"),h="src",l="",c=this._core.settings,p=function(t){n='
',s=c.lazyLoad?'
':'
',e.after(s),e.after(n)};return e.wrap('
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Strategic_investing_explained_with_kalshi_and_navigating_financial_markets_effec - Metal Cut Production

Strategic_investing_explained_with_kalshi_and_navigating_financial_markets_effec

Strategic investing explained with kalshi and navigating financial markets effectively

The world of financial markets can often seem complex and intimidating, particularly for those new to investment strategies. Traditional avenues often require substantial capital and a deep understanding of market mechanics. However, a new platform, kalshi, is emerging as a fascinating alternative, offering a unique approach to forecasting and potentially even strategic investment. It allows users to trade on the outcomes of future events, effectively turning predictions into a market. This concept, while seemingly novel, taps into a fundamental human behavior – the desire to anticipate and profit from future occurrences.

This innovative approach to financial participation utilizes a designated futures contract market. Instead of directly investing in stocks or bonds, individuals can buy and sell contracts based on the probability of specific events happening. The allure of this system lies in its accessibility and relative simplicity. It doesn’t necessarily require extensive financial knowledge to begin participating, and the initial investment can be considerably lower than traditional methods. However, understanding the underlying principles and risks is crucial for anyone considering engaging with this type of market.

Understanding Event Contracts and Market Mechanics

At the heart of the kalshi platform are event contracts. These contracts represent the outcome of a specific future event, ranging from political elections and economic indicators to natural disasters and even the weather. The price of each contract fluctuates based on the collective predictions of traders – essentially, a real-time assessment of the probability of an event occurring. When an event has a clearly defined outcome, the contracts pay out to those who correctly predicted the result. This dynamic pricing model is what makes the platform so intriguing; it’s a continuous auction of probabilities.

The mechanics are relatively straightforward. Traders can buy “YES” contracts, betting that an event will happen, or “NO” contracts, betting it won’t. As more people buy “YES” contracts, the price increases, reflecting a growing belief in the event's likelihood. Conversely, increased “NO” contract purchases drive the price down. This creates a self-regulating system where the market price theoretically reflects the wisdom of the crowd. The key difference between this and traditional betting is the regulatory framework and the potential for a wider range of participants, fostering a more liquid and informative market.

Factors Influencing Contract Prices

Several factors influence the price of event contracts. News events, polls (in the case of political events), and economic reports all play a significant role. Unexpected developments can cause rapid shifts in price, creating opportunities for informed traders. Furthermore, the time remaining until the event's resolution impacts the price. As the event draws closer, the price tends to become more stable, as uncertainty diminishes. It’s crucial for prospective traders to monitor these influencing factors closely and develop a strategy based on their analysis. Understanding these nuances can be the difference between a successful trade and a losing one.

Event Type Typical Contract Duration Potential Payout Risk Level
US Presidential Elections Several Months $1 per share (if correct) Moderate
Economic Indicators (e.g., CPI) Weeks $1 per share (if correct) Moderate to High
Natural Disasters (e.g., Hurricane strength) Days $1 per share (if correct) High
Company Earnings Reports Days/Weeks $1 per share (if correct) Moderate

The table above illustrates some common event types traded on platforms like kalshi and provides a general overview of their characteristics. Remember that specific terms and conditions will always vary.

The Role of Information and Analysis in Trading

While kalshi aims to democratize access to financial markets, success isn't guaranteed. Informed trading requires diligent research and analysis. Simply guessing based on gut feeling is unlikely to yield consistent returns. Traders need to consider the underlying factors driving the event, assess the reliability of information sources, and understand the potential biases influencing market sentiment. This is where a critical and analytical mindset becomes invaluable.

Effective trading on these platforms often involves a combination of quantitative and qualitative analysis. Quantitative analysis focuses on statistical data and modeling, while qualitative analysis involves evaluating non-numerical factors such as expert opinions, political dynamics, and societal trends. Combining these two approaches can provide a more holistic understanding of the event and its likelihood of occurring. It’s about moving beyond simply reacting to headlines and developing a well-reasoned perspective.

Developing a Trading Strategy

A well-defined trading strategy is essential for success. This strategy should outline your risk tolerance, investment goals, and criteria for entering and exiting trades. For instance, some traders might adopt a conservative approach, focusing on events with a high probability of occurring, while others might pursue higher-risk, higher-reward opportunities. Diversification is also crucial – spreading your investments across multiple events can help mitigate risk. Don't invest more than you can afford to lose, and always have a clear exit plan in place.

  • Risk Management: Define your acceptable loss limits before entering any trade.
  • Position Sizing: Determine the appropriate amount to invest in each contract based on your risk tolerance.
  • Information Gathering: Stay informed about relevant news, data, and expert opinions.
  • Emotional Control: Avoid making impulsive decisions based on fear or greed.
  • Continuous Learning: Regularly evaluate your performance and adapt your strategy as needed.

These principles are fundamental regardless of the specific market being traded. Consistent application of a robust strategy is the key to long-term success.

Regulatory Landscape and Future Prospects

The market for event contracts is relatively new and evolving, and the regulatory landscape is still developing. The Commodity Futures Trading Commission (CFTC) in the United States has granted kalshi a Designated Contract Market (DCM) license, allowing it to operate legally within specific parameters. However, ongoing regulatory scrutiny and potential adjustments are to be expected. Understanding the legal framework surrounding these markets is critical for all participants.

The future of these platforms appears promising, with the potential to disrupt traditional forecasting and investment methods. As more people become aware of the opportunities they offer, the markets could become increasingly liquid and efficient. The application of artificial intelligence and machine learning could further enhance trading strategies and improve risk management. The ability to predict and profit from future events holds significant appeal, and the platforms facilitating this capability are likely to become increasingly prominent.

Potential Expansions and Innovations

Several potential expansions and innovations could shape the future of event contract markets. The inclusion of new event types, such as those related to scientific discoveries or technological breakthroughs, could attract a wider range of participants. The development of more sophisticated trading tools and analytics could empower traders with greater insights. Furthermore, the integration of blockchain technology could enhance transparency and security. These advancements would not only benefit individual traders but also contribute to a more informed and efficient market ecosystem.

  1. Increased Liquidity: Greater participation will lead to tighter spreads and lower transaction costs.
  2. Expansion of Event Types: More diverse events will attract a wider range of traders.
  3. Advanced Analytics Tools: Sophisticated tools will empower traders with better insights.
  4. Regulatory Clarity: A clear and consistent regulatory framework will foster confidence and growth.
  5. Integration with AI/ML: Artificial intelligence and machine learning can optimize trading strategies.

These developments are likely to contribute to the maturation of the market, making it a more attractive option for both individual investors and institutional participants.

The Broader Implications for Forecasting and Decision-Making

Beyond the realm of finance, platforms like kalshi offer valuable insights into the accuracy of collective forecasting. By aggregating the predictions of a diverse group of individuals, these markets can often generate more accurate forecasts than traditional methods, such as expert panels or opinion polls. This has implications for various fields, including political science, economics, and public health. The wisdom of the crowd, as it were, can reveal insights that might otherwise be overlooked.

Furthermore, the real-time feedback loop inherent in these markets can incentivize more accurate forecasting. Traders who consistently make inaccurate predictions will lose money, while those who demonstrate predictive prowess will be rewarded. This creates a natural selection process that filters out noise and amplifies signal. The data generated by these markets could also be used to improve decision-making in various contexts, from business strategy to public policy.

Navigating the Landscape of Predictive Markets: Beyond the Basics

While initial engagement with event contracts may seem straightforward, mastering the nuances requires a continuous learning process. The often-overlooked aspect is the understanding of market manipulation and its potential influence on contract prices. Identifying and avoiding contracts susceptible to coordinated activity is crucial to protect investments. Furthermore, the taxation of profits derived from these markets can be complex and varies based on individual circumstances; seeking professional financial advice is highly recommended.

Looking ahead, the integration of these predictive markets with other emerging technologies, like decentralized autonomous organizations (DAOs), presents intriguing possibilities. A DAO could allow users to collectively manage a portfolio of event contracts, leveraging the combined intelligence and resources of a community. This could lead to more sophisticated investment strategies and potentially higher returns. These shifts emphasize the dynamic nature of this nascent financial space, requiring adaptability and ongoing research.