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South Korean stock markets have shed more than 250 trillion won in market capitalization this year. (Image courtesy of Yonhap) SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets. According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while the tech-heavy KOSDAQ reached 333.87 trillion won. These figures represent declines of 159.42 trillion won and 94.52 trillion won respectively from the last trading day of 2023, amounting to a combined loss of 253.93 trillion won. Samsung Electronics accounted for more than half of the total market value decline, losing 148.05 trillion won. The tech giant was particularly hit by foreign investors and institutional sellers, who net sold 10.38 trillion won and 3.94 trillion won worth of shares, respectively. In percentage terms, the KOSPI has fallen 9.43% this year, dropping from 2,655.28 on January 2 to 2,404.77 on December 27. The KOSDAQ suffered an even steeper decline of 23.15%, falling from 866.57 to 665.97. These losses stand in sharp contrast to the performance of other major global indices. The U.S. S&P 500 surged 26.58% while the Nasdaq jumped 33.37% during the same period. Asian markets also showed strong performance, with Japan’s Nikkei 225 rising 20.37%, and China’s Shanghai Composite and Hong Kong’s Hang Seng indices gaining 14.26% and 17.82% respectively. According to Yonhap Infomax, among 40 major national indices across 34 countries, the KOSDAQ recorded the steepest decline. The KOSPI’s decline was the fourth worst, surpassed only by Russia (-18.94%) and Brazil (-9.77%). “We’ve never seen the KOSPI so disconnected from global markets, nor has it faced such a diverse and continuous stream of challenges and negative events,” said Lee Kyung-min, an analyst at Daishin Securities. “Investor sentiment is severely suppressed, and markets – including stocks, currency, and bonds – are particularly sensitive to negative news rather than positive developments.” Looking ahead to next year, analysts expect challenges to persist for South Korean markets. While the inauguration of U.S. President-elect Donald Trump and subsequent policy changes present shared challenges for global markets, Korea-specific political uncertainties are expected to further dampen investment sentiment. “Considering the deteriorating domestic and external environment, there’s an increased possibility of negative GDP growth in Q4 this year or Q1 next year,” said Park Sang-hyun, an analyst at iM Securities. “The weakening economic fundamentals will likely pressure the exchange rate, and prolonged political instability could further contribute to growth slowdown and national credit rating concerns, inevitably leading to additional upward pressure on exchange rates.” Ashley Song (ashley@koreabizwire.com)Falana, Media Trial Is Old School; Please Try Something New From 2025 – Leo Stan Ekeh
2024 Week 17 Injury Report: Buffalo Bills vs New York JetsBruce Thornton (33 points), Ohio State handle Indiana StateJacob Hansen, CEO of ALA Engineering, explains how the company's automated feed truck works during the Nebraska Ag Expo on Dec. 12 at Sandhills Global Event Center. Driving a feed truck on a farm means steering a 60,000-pound vehicle inches away from a concrete feed trough that would wreck the truck. While augers are shoveling food out of the truck to the hungry cattle below, drivers have to drive perfectly straight. “It's just one of the most demanding jobs in one of the worst environments out there,” said Jason Hansen, the CEO of ALA Engineering. “And so food truck drivers, specifically, do not stick around very long.” ALA Engineering, a startup based in Scottsbluff that also has an office at Nebraska Innovation Campus, hopes to change the livestock industry with driverless technology. The company showed off its concept for a driverless feed truck at the Nebraska Ag Expo in Lincoln earlier this month. Hansen said the truck could help farmers deal with labor shortages and food costs. People are also reading... The ALA Navigator is still being developed, but the company brought its technology attached to a normal feed truck to the Ag Expo. ALA Engineering's driverless feed truck aims to help farmers who have to drive large trucks with precision to feed cattle. Once the truck is on the market, it would drive a predetermined route with lane limits. The truck will also have sensors in order to see any obstacles on the road ahead while it is dumping feed. Hansen, who studied software engineering at the University of Nebraska-Lincoln, said the predetermined routes that will be used by the truck means that autonomous vehicles in agricultural settings are safer than a driverless car in city traffic. “When larger robotaxi companies and stuff make big public mistakes, it shines negatively on the autonomy industry as a whole,” Hansen said. “And it's worth knowing that agricultural and industrial and off-highway autonomy is a lot different than kind of urban autonomy, especially when it comes to safety.” Although the company’s trucks may be less likely to crash, there are still big stakes. “If you plant a week late it's a big deal,” Hansen said. “If you don't feed cattle for a week, it's the end of the world.” The engineering company is building multiple different sensors into the truck so that it can operate day after day in whatever weather conditions a state like Nebraska might throw at it. The backup sensors even have backups. Asher Khor, the senior embedded engineer for the company and a UNL graduate, said the truck can be accurate within less than an inch. Asher Khor (left), the senior embedded engineer for ALA Engineering, shows off how the company's automated feed truck at the Nebraska Ag Expo on Dec. 12 at Sandhills Global Event Center. "If you're a few inches off, you will hit the bunk," Khor said. "They're major vehicles and so we need really, really precise accuracy of the vehicle." The truck is meant to solve problems like inaccuracies in food distribution and crashes. Hansen also said the agriculture industry as a whole has experienced labor shortages. The average farmer was unable to hire 21% of the workforce they would have hired under normal circumstances, according to a 2022 National Council of Agricultural Employers survey. The vehicle is set to go into production in 2026, Hansen said. Before then, the company will work on commercial pilot programs and complying with different regulations. The truck will be ALA Engineering's first product. Hansen said the company had built a driver-assistance program but decided to keep engineers working in research and development, building toward the end goal of an autonomous vehicle. The startup’s goal isn’t to replace all of a farmer’s trucks or employees, Hansen said. He said good employees are often more useful elsewhere in a stockyard. “As your oldest truck ages out of your fleet, bring in one of ours,” Hansen said. “As you lose an employee, or you have an unfilled position, bring in one of our trucks.” Download the new Journal Star News Mobile App 15 things invented in Nebraska Round baler The invention of the round baler is credited to the Luebben family of Sutton, with the patent issued in the early 1900s. This advertisement of Ummo Luebben circulated in 1909 and mentions a Beatrice manufacturer of the invention. Kool-Aid Edwin E. Perkins, who walked 3 miles to school as a child, began mixing up potential products in his mother's Hendley kitchen at age 12 or 13. Perkins sold a number of products, including a tobacco habit remedy, and moved with his wife to Hastings in 1920. In 1927, Perkins mixed up the first packet of what would become Kool-Aid. Vise Grip Vise Grip locking pliers, developed by Danish immigrant William Petersen and patented in 1924, took a strong hold on the small town of DeWitt. Petersen began production at his blacksmith shop, but by 1928 the company he founded had more than 600 employees. The metal tools were popular additions to toolboxes because they allowed a craftsman to grab a nut or a bolt and hold onto it, leaving his hands free. In 2002 the company was sold by remaining family members, and it closed its doors in 2008. Vise-Grips, although not made in DeWitt anymore, are still sold in almost every hardware store. Dorothy Lynch dressing Among the now nationally famous brands and inventions from Nebraska is Dorothy Lynch’s salad dressing, which owes its invention to the eponymous Dorothy and the American Legion Club in St. Paul, Nebraska, nearly 75 years ago. Car rentals Appropriately located in a former horse stable, the Ford Livery Company at 1314 Howard St. in Omaha was America's first car rental company, dreamed up in 1916 by Joe Saunders. He and his brothers expanded their company, later renamed Saunders Drive It Yourself System, to 56 cities by 1926. They sold to Avis in 1955. Reuben sandwich From historian Jim McKee: The Reuben sandwich is often claimed by the Schimmel's Blackstone Hotel in Omaha, but other sources are New York City grocer/delicatessen owner Arnold (Arthur) Reuben or Reuben Kolakofsky, whose Reuben sandwiches supposedly dated from 1914. Blackstone did develop butter brickle ice cream. 911 Cary Steele checks one of his seven computer monitors while taking a 911 call in 2014 at the Lincoln Emergency Communications Center. Although the system was first used in Alabama, Lincoln is credited as the home of the 911 system's invention. Eskimo Pie Inspiration for the chocolate-coated ice cream bar came from a candy store in Onawa, Iowa, in 1920. But it wasn’t until owner and creator Christian Kent Nelson took his invention to a Nebraska chocolatier named Russell Stover that the Eskimo Pie went into mass production. Many variations of the delicious treat are available in grocery and convenience stores worldwide. Railroad engineer invented the ski lift -- in Nebraska Union Pacific Railroad mechanical engineering employees determine a comfortable speed at which the world's first ski chairlift should operate during a test at the railroad's Omaha railcar and locomotive repair shop complex in the summer of 1936. The next time you sit on a ski lift on the way to the top of a mountain, think of bananas and the Union Pacific Railroad. Credit them with the modern-day chairlift system used by ski resorts around the globe. Seventy-five years ago, Jim Curran, a structural engineer with U.P., came up with the idea of adapting a system used to load bunches of bananas onto boats into one to move people up steep, snow-covered slopes. His design called for replacing the hooks for bananas with chairs for skiers to sit on while wearing skis. The chairs would be suspended from a single cable running overhead. Curran's idea was so out of the box for its day that his co-workers thought it was too dangerous and his boss tried to shelve it. Fortunately, Charlie Proctor, a consultant brought in by the railroad to help plan the Sun Valley Resort in Idaho, saw Curran's design, which he had slipped in with some approved designs, and thought otherwise. Proctor, a famous skier from Dartmouth College, convinced the railroad's top management to allow Curran to make his idea a reality. This winter ski season, the Union Pacific and Sun Valley Resort are marking the 75th anniversary of the world's first chairlift operation, which was invented not in the mountains but in the flatlands of Nebraska in Omaha. "From our side ... it's kind of unusual that a railroad would invent a chairlift," U.P. spokesman Mark Davis said. The railroad did so to serve a need, "and it turned out to be groundbreaking for the skiing industry," he said. During the 1930s, Union Pacific Chairman W.A. Harriman saw Americans beginning to embrace winter sports and knew his railroad operated through some of the most scenic and mountainous territory in the western United States, according to the railroad's history. Harriman's vision: Develop a world-class winter sports resort served by the Union Pacific. Other railroads were thinking the same way. Harriman enlisted Austrian sportsman Count Felix Schaffgotsch to find land for such a resort. In winter 1935, the count came across the area that would become the world-famous Sun Valley Resort in south-central Idaho, about 100 miles northeast of Boise. "Among the many attractive spots I have visited, this (location) combines more delightful features than any place I have seen in the United States, Switzerland or Austria, for a winter sports resort," Schaffgotsch wrote to Harriman. Based on Schaffgotsch's recommendation, the railroad bought 4,300 acres adjacent to the Sawtooth Mountain National Forest. The Sawtooth Mountains, running east and west, would protect the future resort from northern winds. The mountains also surrounded a small basin, with hills and slopes largely free of timber. Snowfall and sunshine were abundant. And natural hot springs would provide outdoor swimming year-round. Schaffgotsch had found the perfect spot for a winter sports resort. Construction of the ski lodge and other facilities began in April 1936. Meanwhile, nearly 1,200 miles away in Omaha, members of the railroad's engineering department were investigating ways to transport skiers up slopes, including by rope tows, J-bars and cable cars. But those designs were put aside after Curran's chairlift idea was championed by Proctor. Soon prototypes of the lift were being built and tested at the railroad's locomotive and railroad car repair shops, on land that is now home to the Qwest Center Omaha and the new downtown baseball stadium. To help determine how fast a chairlift should travel up a mountainside, engineers attached one to the side of a truck for tests. Because it was summer and relatively flat in Omaha, engineers wore roller skates to simulate skis running over snow. Their conclusion: 4 to 5 mph would be a comfortable speed to pick up and drop off skiers. It's the summer of 1936, in Omaha, as the world's first snow ski chairlift is ready for a round of testing to determine a comfortable speed for snow skiers to get on and off the lift. The world's first two first snow ski chairlifts were debuted by Union Pacific Railroad at the opening of its Sun Valley, Idaho ski resort in December 1936. (Courtesy Union Pacific Railroad) When Union Pacific opened the Sun Valley resort on Dec. 21, 1936, the world's first two chairlifts went into operation. As with anything new, it took skiers awhile to get used to the newfangled invention that changed the sport forever. The railroad sold the Sun Valley Resort in 1964. Frozen TV dinners In 1896, 17-year-old Carl A. Swanson borrowed enough money from his sisters to travel from his native Sweden to Omaha. Without knowing a word of English, he began working on a farm near Wahoo, then moved to Omaha, where he continued studying English, business and accounting. While working in a grocery store, he met John Hjerpe, who sold produce for farmers on a commission, and in 1898 went to work for him. After saving $125, Swanson put his nest egg into a partnership with Hjerpe and Frank Ellison for a net capital of $456. Although the enterprise was intended to be called the Hjerpe Commission Co., the sign painter accidentally eliminated a letter and the firm was spelled Jerpe from that day forward. In 1905, the partnership became a corporation with $10,000 in capital and within a decade moved from a commission firm to paying cash for all purchases. With Ellison's death at the beginning of World War I, the corporation assumed his stock and began moving seriously into butter production and, a short time later, into poultry in general. Swanson bought out Hjerpe's interest in 1928 but retained the name Jerpe. About 1923, Clarence Birdseye developed fast-freezing as a method of not only preserving food but also retaining fresh flavor, which had not worked well with conventional freezing. As the Depression lessened, Jerpe Co. became a distributor for Birdseye, which was purchased by General Foods and inexplicably named Birds Eye. By the beginning of World War II, Jerpe's had grown to the point where Swanson was known as the "Butter King," one of the four largest creameries in the United States. During the war, production again was diverted, with the firm becoming one of the largest suppliers of poultry, eggs and powdered eggs to the military. At the end of the war, the firm's name was changed to C.A. Swanson & Sons, its major brands being called "Swanson Ever Fresh." With Carl Swanson's death in 1949, management was assumed by sons Gilbert and Clarke, who had been apprenticing for the position for some time. A year later, after considerable experimentation with crust recipes, the company introduced a frozen chicken pot pie using some of Birdseye's techniques. Although some of the story of frozen dinners may be apocryphal, it is simply too good not to repeat. Two ill-fated versions of the idea, the Frigi-Dinner and One-Eye Eskimo, already had been attempted. Then an overpurchase of 500,000 pounds -- 10 refrigerated boxcars -- of turkeys sent the Swansons scrambling for a solution. One of the less probable versions of the incident said that the only way the boxcar refrigeration worked was when the cars were in motion, which necessitated their constant movement from Omaha to the east, then back. Back in Omaha, Gerry Thomas discarded the previous metal trays and perfected an aluminum compartmentalized container with turkey, cornbread dressing and peas, which could be retailed for 98 cents. Because the box design resembled a rectangular television screen, the product was dubbed the TV Dinner. Unsure of the salability, 5,000 were produced and instantly sold in the first year, 1952. The second year, mashed potatoes and cranberry sauce were added and an astounding 10,000,000 were sold. Not resting on the success of the TV Dinner, 1953 also saw the Swansons as one of the nation's largest margarine producers. Despite their success in butter and margarine, both products were discontinued in 1954 to allow the company to concentrate on its main items of canned chicken fricassee, boned chicken and turkey, frozen chickens, drumsticks, chicken pot pies and TV Dinners. In April 1955, Swanson merged its more than 4,000 employees and 20 plants with the Campbell Soup Co., which ultimately dropped the famous TV Dinner label, thinking it limited their market. Still generically thought of as TV dinners, the frozen dinner joins butter brickle ice cream, raisin bran and maybe even the Reuben sandwich as an Omaha original. Historian Jim McKee, who still writes with a fountain pen, invites comments or questions. Write in care of the Journal Star or e-mail jim@leebooksellers.com . SAFER barrier a key player in motorsports safety Dean Sicking of the University of Nebraska-Lincoln's Midwest Roadside Safety Facility examines a SAFER barrier on display at the Smith Collection Museum of American Speed on Friday, Oct. 21, 2011. (ROBERT BECKER/Lincoln Journal Star) Don't turn until you know where to turn. Mac Demere watched the car in front of him lose control and veer left toward the inside of the track. He tried to anticipate the car's next move, not wanting to turn until he knew where the other car was headed next. Don't turn until you know where to turn. He finally swerved far to the track's outside. But as the other car regained traction, it veered sharply to the right, directly toward Demere, and Demere's car smashed into its right side. "I can't tell you what caused him to lose control," Demere said of the 1983 crash at Watkins Glen International in upstate New York. "It happens so fast." Demere, now 57, walked away from that crash, but the other driver suffered a broken ankle. Sometimes, no matter how hard you try, you crash, said Demere, a former racer from South Carolina and longtime motorsports journalist. That certainly seemed to be the lesson at the Las Vegas Motor Speedway a week ago when 15 cars crashed, killing two-time Indianapolis 500 winner Dan Wheldon. He was the first IndyCar driver to die on a track since Paul Dana was killed during a practice run at Homestead-Miami Speedway in 2006. On Oct. 16, two cars went airborne -- Wheldon's and Will Power's. Wheldon hit a catch fence built to protect spectators from crash debris. He died later at a hospital of head injuries. Power hit a barrier designed by the University of Nebraska-Lincoln's Midwest Roadside Safety Facility. He walked away. The tragically different fates of Wheldon and Power have raised concerns about the catch fence at NASCAR and IndyCar tracks and have highlighted the safety performance of the UNL-designed SAFER barrier. Dean Sicking, director of the safety facility at UNL, said the SAFER -- or Steel and Foam Energy Reduction -- barriers now are in place at all NASCAR and IndyCar tracks. There have been no fatalities involving crashes into those barriers since 2004, when all of the barriers were fully installed at NASCAR tracks. Before those barriers were installed, 1 to 1.5 drivers died each year at NASCAR tracks alone, Sicking said. In an especially cruel span of 10 months in 2000 and 2001, NASCAR crashes claimed the lives of budding stars Adam Petty, Kenny Irwin Jr. and Tony Roper, and one of the sport's legends, Dale Earnhardt. The trapezoidal barriers designed at UNL are made of insulation foam that is waterproof and effective at absorbing the impact of cars going well over 100 mph, Sicking said. Steel tubes serve as a barrier between the foam blocks and track. The SAFER barriers protect drivers from the unforgiving nature of concrete walls. Sicking -- whose office is decorated with a photo of him shaking hands with former President George W. Bush, as well as numerous awards -- related the story of how the UNL center got the contract to design the barriers. In 1998, Tony George, the longtime former IndyCar president and Indianapolis Motor Speedway CEO, wanted a new racetrack barrier. The concrete barriers simply weren't good enough. IndyCar designers had developed a new barrier made of sheets of plastic, but it broke into 50- to 100-pound chunks that littered the speedway when hit too hard. George asked the UNL center to improve the design. "He said, ‘Can you fix this?'" Sicking said. "We never admit we can't do something." Initially, Sicking wasn't convinced it would be worth the extra effort. Then his assistant director, Ron Faller, convinced him it would drive the UNL center to find new solutions to road safety and new materials with which to build them. Sicking agreed and asked George for $1 million. "He said, ‘When can you start?'" It didn't take the UNL center long to figure out the IndyCar plastic barrier would never perform as well as foam, and Sicking worked to convince a skeptical George. Finally, George relented. In 2002, the Indianapolis Motor Speedway installed the SAFER barriers, and, seeing how well they performed, NASCAR CEO Bill France Sr. ordered them installed at all NASCAR speedways by the end of 2004 at a cost of $100 million. The UNL center oversaw installation. "No one can ever put it in right," Sicking said, laughing. The barrier has earned the UNL center numerous awards, including the prestigious 2002 Louis Schwitzer Award, presented in conjunction with the Indianapolis 500. IndyCar senior technical director Phil Casey called SAFER barriers the greatest achievement for safety in automobile racing. The barriers were installed at the New Hampshire Motor Speedway in 2003, and the speedway where both Petty and Irwin Jr. died has had no fatalities or serious injuries since, said speedway spokeswoman Kristen Costa. "It's better on impact. It moves with the vehicle," she said. Costa said the speedway reconfigured its catch fence in 2009 to make it safer as well. Sicking said catch fences at motorsports facilities need to be re-examined. "The catch fence is a difficult safety issue, a tough nut to crack, but I think it can be," he said. Sicking said IndyCar is reluctant to invest the large amount of money required to redesign the catch fence, and NASCAR isn't as interested in redesigning it as its cars rarely go airborne like the open-wheel Indy cars are prone to do. While nothing has been determined, the UNL center could end up leading the investigation into the crash that killed Wheldon, as it did with the 2001 crash that killed Earnhardt, Sicking said. The UNL center has examined nearly 2,000 crashes under federal contract. "Any time you have a big wreck, we normally get to look at it," he said. Demere, the former racer who now is pursuing a master's in journalism from UNL, said it appears Wheldon tried to slow down by lifting his foot off the accelerator and tried to direct his car toward the gearbox of the slowing car in front of him. But his car's nose lifted, and, traveling at more than 200 mph, his car quickly took to the air. With 15 cars involved, it was simply impossible for Wheldon to avoid the carnage, Demere said. He said drivers try not to think about getting seriously injured or killed while they're racing. They simply try to focus on the track and the racers around them. "We all know that it might happen to us," he said. "Quite frankly, I'm surprised that it didn't happen to me." CliffsNotes CliffsNotes study guide for "To Kill a Mockingbird." Before the Internet and Wikipedia, the distinctive yellow-and-black covers of CliffsNotes adorned the bookshelves of many a college and high school student. The series of study guides (which are not to be used as a substitute for reading the actual text, OK?) was launched in Lincoln by Cliff Hillegass and his wife Catherine. From the original 16 Shakespeare titles, CliffsNotes has grown to include hundreds of works and has saved many a student. Crete woman invented today's voting booths The canvas-draped voting booth is still produced in Crete by the Douglas Manufacturing Company. Found in its voting materials catalogue, the booth remains in use in hundreds, if not thousands, of locations across the U.S. Nebraska history shows many inventions have originated in the Cornhusker state, some by women and a few that have lasted for more than a century. One of them that is often overlooked began with a promise and came to be after a dream by a Crete woman. John Quincy Robb’s daughter Elizabeth Jane was born in Washington, Illinois, in 1858, but the family moved to a farm near Tecumseh a short time later. Elizabeth married William Wallace Douglas and moved to Missouri, then to Glenwood, Iowa, before moving to Crete near the beginning of the 20th century. Although both were teachers, William was employed by the Burlington Railroad as a land agent. In 1904, Elizabeth attended a talk by a missionary from Tibet sponsored by a Crete Methodist church and was so taken by his story that she pledged $20,000 to his campaign. Not only was this an incredibly large amount of money, she had no idea where she might come up with it. That night, Elizabeth dreamed of “an old man with a long white beard who told her to make a steel collapsible voting booth,” which would ensure her wealth enough to fulfill her promise and prosper. The concept of voting booths at the time came from the introduction of the Australian balloting system and employed wooden booths. Because of the waste and amount of labor involved in building, then dismantling them, demand for a lightweight, collapsible, reusable booth that could be quickly reassembled by unskilled labor was obvious. The only obstacle was manufacturing a booth with those requirements that also would meet all local and national requirements. The next morning, Elizabeth began to build a prototype with paper, pasteboard and pins. With the idea and working model, the next step was securing a patent. She contacted Albert Litle Johnson, C.C. White’s partner and brother-in-law at Crete Mills, for financial help. Patent 828935A was issued to Johnson and Elizabeth Douglas in August 1906. Dempster Manufacturing in Beatrice then built a small number of booths that were sold locally. In 1909, the Douglas family moved to Los Angeles, where a small factory was built and 1,000 two-stall booths with red, white and blue canvas screens were sold to a local government with William as salesman. Within months, he sold an additional 4,000 booths for $40,000. The family returned to Crete in 1912 and leased property at 1530 Pine St. from the Burlington Railroad, where a factory was established. In less than a decade, a new building had been constructed and employed 10 workers with four salesmen. Elizabeth designed a new booth concept in 1923 resulting in another patent in her name alone the following year. Although William died in 1930, the business prospered until 1945, when the factory burned. A new building was quickly constructed. Elizabeth died in Friend in 1952, but Douglas Manufacturing continued in family ownership. I.B.M. approached the firm in 1970 and subsequently contracted for Douglas to build metal media storage containers. 1980 saw a second fire but the facility was again rebuilt with an expansion. In 1990, the leased land was purchased from Burlington and two years later a third fire was met with yet another expansion, with the firm reporting having 25 employees. Today, Douglas Manufacturing still builds voting booths with as many as five stalls per unit, now using aluminum instead of steel and vinyl attached with Velcro in place of canvas. Elizabeth and William’s great-grandson Roger C. Douglas is now president of the firm, which also produces ballot boxes, election signs, media storage boxes and even flash drive containers. Patents secured through the years for ideas never produced included retractable steps for Pullman railroad cars, a mail cart and shut-off valves for gasoline pumps. Sadly, the company is closing. Douglas broke the news Dec. 30 to the four remaining workers, according to longtime employee Tim Smejdir, who said business had been "very slow, so the decision was made to terminate." Douglas is selling or auctioning equipment and plans to retire, Smejdir said. Douglas Manufacturing was the oldest manufacturer of election equipment in the nation. Interesting, too, is that the election supply company was formed by a woman over a decade before women received the right to vote. Nebraska's connection to the McRib Dr. Roger Mandigo, a University of Nebraska-Lincoln professor of animal science poses with a McRib sandwich inside a meat locker at the UNL Animal Science Complex on Thursday, November 4th, 2010. Mandigo invented a process to bind meat together into different shapes. The technology is often associated with the famous McRib sandwich. Move over, Richie Ashburn and Bob Gibson. Another Nebraskan has made it to the hall of fame. Of course, University of Nebraska-Lincoln meat scientist Roger Mandigo never had Ashburn's ability to hit to all fields or Gibson's ability to back batters off the plate with an inside fastball. His induction Saturday in Scottsdale, Ariz., was into the Meat Industry Hall of Fame. And his biggest claim to fame outside that industry is research that led to the introduction of McDonald's McRib sandwich in 1981. His company is no less exclusive. Among the 10 other honorees were Col. Harland Sanders, founder of Kentucky Fried Chicken; Dave Thomas,founder of Wendy's Old Fashioned Hamburgers; and Ray Kroc, founder of McDonald's. And it just happens that Mandigo's return coincides with what the Wall Street Journal describes as the first nationwide featuring of Mc-Donald's McRib sandwich at 14,000 restaurants, including more than a dozen in Lincoln,in 16 years. Wouldn't this be a great time for a big guy - squeezed into a small, obscure, windowless office during an $18.3 million renovation at the Animal Science Building - to step up, at last, and claim credit for his highprofile work? "I get credit for inventing the McRib fairly often," Mandigo conceded in an interview earlier this week. But taking credit was not something he did back in 1981. And he won't be doing it now, in his 44th year at UNL. That's because, despite common misperception, it's just not true. "We played an important role in the technology to bind pieces of meat to each other.I didn't invent the McRib sandwich," he said. "Mc-Donald's did that." All this is said with the kind of smiling patience that a McDonald's associate is supposed to demonstrate when asked for the 44th time during the lunch rush to hold the pickles. Pickle slices, by the way, are part of the standard preparation of the McRib. As its ravenous fans, including Steve Glass of Walton, know so well, a McRib is a pork patty that's also garnished with raw onions and smothered in barbecue sauce. Glass, 47, had two McRibs on his lunch tray Thursday as he made his way to a table at the McDonald's near the intersection of 10th Street and Cornhusker Highway. That's right, two. "I haven't decided whether to eat the one now or eat it later,"he said. Rapid progress on the first one seemed to leave the choice between one and two very much open to question for a guy who likes "something different - not a burger." Glass is not one to worry about what's under the barbecue sauce."It's like a hotdog," he said. "What's in a hotdog? If it tastes good, go ahead." Decades ago, it was Mandigo who was going ahead with a research initiative launched by the National Pork Producers Council. Its members were looking for another reliable source of demand for pork shoulder. There were never any royalties associated with the results, Nebraska's newest hall of famer said. And to this day, the McRib comes and goes from the McDonald's menu for reasons that have to do with its intense popularity and a national supply of pork trimmings that's typically a lot more limited than the supply of beef trimmings. "If you suddenly start to buy a large amount of that material,"said Mandigo,"the price starts to rise." As the cost to McDonald's rises, the McRib tends to go out of circulation again. And then the same parts of a hog tend to flow back into the processing lines for Spam, Vienna sausages and other specialized products. Anything else that goes into periodic McRib feeding frenzies is not for Mandigo to analyze. "It's a function of a business strategy and that's McDonald's decision, not mine." The official word on that subject comes from Ashlee Yingling at the headquarters of McDonald's USA. The McRib is in something called "a national limited time promotion for the month of November in the U.S.," Yingling said by email. This is only the third time that's happened in the 29 years since it hit the market. The rest of the time, the company has chosen a regional strategy. "To keep it relevant and appealing," Yingling said, "it will continue to be offered as a limited-time promotion on a regional basis." Does Mandigo eat this sandwich that he did NOT invent? "Every chance I get," he said. Harold Edgerton made the invisible visible A bullet from a .22 caliber gun starts to burst from the side of a balloon held by Harold E. Edgerton in his Stroboscopic Light Laboratory at MIT in Cambridge, Mass., in 1959. An electronic photo flash invented by Edgerton stopped the motion of the bullet with a minuscule-of-a-second flash. Flash and camera were operated by sound of explosion picked up by microphone just below the balloon. Virtually no one, anywhere in the world, is unfamiliar with the iconic photos of a drop of milk above a white haloed crown just as the previous drop hits a flat surface, or a bullet as it exits a just-pierced apple. Few outside the state, however, realize that Harold Edgerton is a native son and graduate of the University of Nebraska. Harold Eugene Edgerton was born in Fremont on April 6, 1903. Harold’s father, Frank, was born in Iowa, then graduated from the University of Nebraska in 1900 as president of his senior class. After teaching in the Fremont public schools, he returned to Lincoln on the staff of the then-new Lincoln Star. After earning a law degree from George Washington University, Frank again returned to Lincoln in 1911, becoming the assistant attorney general of Nebraska and prominent in state politics before becoming county attorney in Hamilton County. Harold’s interest in science came early; in 1910, he told of attempting to build a searchlight on the roof of the family home and realizing tin cans were unable to produce a tight beam of light. While attending junior and senior high school in Aurora, he became interested in photography and, with the help of an uncle, set up his own darkroom. In 1921, Harold entered the University of Nebraska and at his father’s suggestion, he earned half of his tuition by wiring Lincoln homes for electricity and working on a line gang for the Nebraska Power & Light Company. It was here that he observed how, in the darkest night, his coworkers became suddenly visible in lightning flashes and just as suddenly again were invisible. As a student, Harold joined Acacia, chose a major in electrical engineering and was active in the annual E-Week open houses. Interestingly, although there is no record of which exhibits Edgerton participated in, one of the demonstrations during his student days involved stop-motion photography that employed either 120 flashes per second or an exposure of 1/50,000ths of a second depending on which report is to be believed. The demonstration featured an electric fan with the letter N painted on the blades. The room was darkened, the “strobe light synchronized to the fan, thus making the N stand still ... people could hardly believe their eyes.” After graduating from Nebraska with a Bachelor of Science degree in 1925, Edgerton moved first to Schenectady, N.Y., then entered MIT. He received his master's degree, having developed the stroboscope, which employed a reusable flash bulb that was linked to a camera. Edgerton married his high school sweetheart, Esther Garrett, in 1927, received his doctorate in 1931 and became an associate professor at MIT. As he further perfected his stop-motion photography, some of his work was shown at the Royal Photographic Society’s convention in London. In the 1930s, Edgerton and two of his students formed Edgerton, Germeshausen & Grier, later becoming simply E.G.&G. Corp., which manufactured Rapatronic cameras, consulted with the U.S. Army during World War II, had contracts to do photographic research surrounding atomic explosions for the Atomic Energy Commission, was instrumental in the establishment of the New England Aquarium in Boston and ultimately had 47 operating divisions with more than 23,000 employees in several countries. Often forgotten is Edgerton’s film “Quicker 'n a Wink,” which won an Academy Award for best short subject in 1941. Myriad awards followed, with perhaps the most prestigious being the Medal of Freedom for his nighttime reconnaissance photos during WWII. In 1947, his photo essay on hummingbirds was published in National Geographic magazine, and in 1953, he began working with Jacques-Yves Cousteau to develop an underwater camera using side-scan sonar technology. These experiments led to discovering the USS Monitor, which sank in 1862, and producing the first real photos of the Titanic in 1986-87. Closer to home, in October 1967, Edgerton donated two strobe lights to be mounted on Nebraska’s State Capitol tower as an aircraft warning meant to be visible for 150 miles when extended to their operational capacity, seemingly to fulfill federal aeronautics regulations. Working with Bob Newell, the Capitol building superintendent, Edgerton had his mother standing by to activate the experiment. The low-power version of the lights on the east and west sides of the building were turned on as she said “let there be light,” as instructed by her son, and almost immediately complaints began to pour in. The experiment lasted only briefly before being abandoned. Ultimately, the strobe light was perfected to the point where the light burst lasted only one-billionth of a second with his stop-motion photos of bullets, hummingbirds, Stonehenge, milk droplets, etc., known worldwide. Edgerton died at MIT on Jan. 4, 1990, and five years later the Edgerton Explorit Center opened as a museum in his honor in Aurora. Reach the writer at nfranklin@journalstar.com or 402-473-7391. On Twitter @NealHFranklin The business news you need Get the latest local business news delivered FREE to your inbox weekly. Business Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.
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As Bigg Boss 18 , hosted by Salman Khan, is nearing its finale, the drama on the show is intensifying. One of the most shocking eliminations this season was that of Splitsvilla fame Digvijay Rathee. In a recent interview, Bigg Boss OTT winner and YouTuber Elvish Yadav discussed the reason behind Rathee's eviction, attributing it to his "acting" on the reality show. Yadav emphasised that Bigg Boss d emands contestants to be authentic and showcase their true selves. He further mocked Rathee, stating, "All that drama won’t work here, it’s not Splitsvilla ." Check out the video below. ‘Don’t Be Like That With Me’: Salman Khan Schools Kashish Kapoor After She Argues With Him Over ‘Flavour’ Drama on ‘Bigg Boss 18’ (Watch Video) . Elvish Yadav Reveals Digvijay's Reason for Elimination in Bigg Boss #ElvishYadav ! #ElvishArmy ! #DigvijayRathee ! #BiggBoss18 ! pic.twitter.com/FFgwu3qM7k — anurag singh (elvish army) (@gamechanger1243) December 27, 2024 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)Xiaomi 16 set to feature a game-changing periscope telephoto lens; Report
Authored by Brandon Smith via Alt-Market.us, It’s been a wild ride. After years of near total leftist control of every significant social and governmental institution in the US and abroad the American people have said enough is enough. The progressives have once again been slapped with the ultimate lesson of our era – Get Woke, Go Broke. This time they’re not just broke; they’re broken. I don’t think I’ve seen such an electoral bloodbath in my lifetime (maybe the Reagan landslide in 1984, but I was only a child). The conservatives control the Oval Office, the Senate, the House and the Supreme Court. Regardless of what you might think of Trump, what’s important is that he ran his campaign on anti-woke and anti-globalism and the US population voted for that agenda en masse. The American people want an end to the madness of the leftist/globalist regime. They want an end to establishment corruption. They want an end to US involvement in foreign conflicts. They want the woke indoctrination of their children to stop. They want an end to open borders. They want an end to perpetual debt spending and inflation. And, they want reassurance that events like the attempted covid coup against our constitutional liberties will never happen again. Over the past several months I have been predicting a Trump election win based on the clear sociopolitical shift in popular sentiment. However, my concern has always been that Trump will not make good on his campaign promises, either because he is being thwarted by Neo-Cons within his own team or because he did not intend to follow through in the first place. We all saw what happened after 2016 – The status quo was mostly maintained. To be fair, in 2016 Trump’s team was mostly chosen for him and that team was comprised of many snakes in the grass. This time around I have a bit more optimism. Trump’s coalition is significantly better than his first term and many of the people involved seem to be dedicated to their particular cause. If this is the case and Trump really means to change things for the better, I have a few ideas on how he can ensure that America never again deviates into the path of globalism. Some of these actions have already been promoted by the Trump Administration in recent days, some of them have not. Obviously none of these changes are easy but they can be done with the proper enthusiasm and pressure from the American people applied to their representatives in the Senate and Congress. Here’s what we can do as a country to keep our society free and prosperous well into the future. The first time Trump tried to appoint his cabinet the amount of Senate interference that took place caused delays of almost 4 months, and that was with appointees that represented no threat to the status quo. This time around it is clear that Neo-Cons within the Senate will work with Democrats to outright reject choices like RFK Jr and Matt Gaetz. They WILL try to sabotage any nominee that presents a legitimate threat to the establishment order. With this is mind, and per the Constitution, Trump has the option to call a recess of the Senate and make his appointments while they are away and without their approval. There is also a little known rule that allows him to force Congress to adjourn. Candidates for the Senate majority leader position all agreed to support recess appointments before they were voted on, which means there should not be any interference to a call of recess from Trump. Multiple presidents have used this emergency option to fill their cabinets. It’s seems like a no-brainer. Every state (except one) that the Democrats won in the 2024 election was a state with no voter ID laws. That’s not a coincidence. Correlation is not always causation, but it’s highly suspicious none-the-less. Many developed nations around the world have strict ID laws when it comes to elections. Why do we not have them in the US? With the advent of electronic ballots and large scale mail in ballots, a voter ID requirement is more important than ever to prevent election fraud. One of Trump’s top concerns after entering office in 2025 is to pass a federal voter ID requirement for all future elections. This cannot be left to flounder for years, it must be done by 2026. One of the key agendas of globalism is the forced establishment of open borders in the western world, along with mass migrations of third-world aliens cor cultural saturation and replacement. The goal is to destroy the west from within and then replace it with am economically Marxist and morally ambiguous civilization. Stopping this scheme will require aggressively enforced border laws and deportation laws. This requires multiple steps... Immediately Establish Texas-Style Border Controls Despite constant interference from the Biden Administration, the state of Texas and governor Greg Abbott have been incredibly effective in stopping illegal border crossings using expanded patrols and razor wire barriers. Encounters with illegals on the Texas border have dropped by 86% through Operation Lone Star in the span of a year. That’s impressive. Texas methods should be used across the entire border. Increased Fines Against Companies Hiring Illegal Immigrants This is a strategy being used by some European nations and it makes sense; a lot of illegals jump the border because they know there’s under the table jobs waiting for them. Trump must make it financially untenable for companies to hire migrants without proper work visas, and greatly increasing fines is the best way to do this. 100% Tariffs On Mexico Until They Secure Their Own Borders The Mexican government is absolutely corrupt and often uses the US border as a pressure valve to get rid of their poor and their criminals. Instead of fixing the problems within their own country they export those problems to America. This needs to stop. End All Asylum Requests From Third World Countries Until the immigration problem is solved the asylum loophole needs to be closed. Save for a few citizens from countries where very real asylum protections are needed (like oppressed dissidents from China or North Korea), there’s no need to take in most of these people and their asylum claims are fraudulent. Increase Efficiency Of Immigrant Worker Visa Program Democrats often argue that America cannot survive without migrant workers. I say this is a lie designed to prevent legitimate immigration reform, but if there really is work that needs to be done in our country and migrants are somehow the only people that can do it, then we can have both. If Trump streamlines the work visa program to speed up the process while vetting applicants, then we can have controlled borders AND migrant workers. To pay for increased efficiency of the program, double the application fee and reduce their legal work period in the US to 1 year or less. Mass Deportations Of Illegals This was a key plank of the Trump campaign and it looks like he plans to make it happen. Starting with ALL the migrants that entered the US illegally in the past four years and all those relocated through Biden’s shady visa program. This can be achieved by cutting off existing subsidies to migrants, fines for companies that hire illegals, citizenship verification for home buying or home rentals, ending federal subsidies to Democrat sanctuary cities, etc. Ultimately, most illegals will leave the country on their own. Globalist NGOs are the primary source of corruption within the US government and our society at large. NGO’s have all the rights of individual citizens with none of the limitations. They can generate billions of dollars for influence campaigns. They can lobby politicians (bribe them) to get legislation put in place. They can use their incredible financial resources to fund activist movements and create civil unrest from thin air. And, they can even fund programs to control education and encourage mass illegal immigration. NGOs should be banned from lobbying. And, any NGO’s caught engaging in the funding of woke propaganda in schools, violent activist groups or illegal immigration efforts should be immediately shut down. Some NGOs feed on government funding (like George Soros’ Open Society Foundation) while others are privately funded (like the Ford Foundation). If they are receiving subsidies, that money should be cut off. Stopping the operations of globalist NGOs is imperative to saving western civilization. Here’s the bottom line – Ukraine is losing the war against Russia. Their eastern front is collapsing due to attrition and in another year or less Russia WILL take the entire country. The war is also being managed by proxy by NATO. We are swiftly plunging into open conflict between the east and the west. This must stop. Even if the situation doesn’t go nuclear, a world war at this time would cause a catastrophic economic collapse, for the US, for Europe and most of the East. Only the globalists want this to happen. Ukraine is an irrelevant territory not worth fighting over. Americans don’t want to fight over it. Europeans don’t want to fight over it and I doubt the average Russian wants to fight over it. Vladimir Zelensky must be forced to accept the loss of the Donbas to Russia. A DMZ must be established and the fighting must end for the sake of the world. There should be an in-depth investigation into the Biden Administration’s handling of the Covid mandates, including the attempted censorship of information contrary to the government narrative. There should be a real investigation into the viral laboratories in Wuhan, China and Anthony Fauci’s involvement with those labs to develop coronaviruses using gain of function research. Americans want answers. In tandem with open borders, globalists at the IMF and BIS have been quietly building a massive global central bank digital currency framework (CBDCs). The erasure of nationally controlled economies and currencies would be required in order to create a globally centralized economy with a single world currency. And, in order to force populations to accept such a system, the globalists need CBDCs. With a cashless economy in place, elites within governments and central banks would have ultimate power to socially engineer public behavior. If they can take away your money any time they please, it’s much harder to rebel against them. If they can program caveats into CBDCs to prevent spending on certain goods (like meat or gas, for example) then they can pressure the populace into accepting carbon controls and other draconian measures. CBDCs are the end of freedom as we know it. I have outlined options for preventing a total economic collapse in previous articles , so I won’t go in-depth here. I will quickly list some of the most important measures that could be taken to revitalize the struggling system. Many of them are designed to bypass the Federal Reserve. End The Income Tax For 99% Of The Population – Tax The 1% End Property Taxes On Single Family Homes – Only Tax Owners With Multiple Properties Remove All Illegal Immigrants From The US – This Will Trigger A Drop In Property Prices And Rent Create Subsidy Incentives For Married Couples With Children – Home Loans, Education Bring Back Technical Apprenticeship Programs – Increase Technical Workers Without College Use Tariffs, But Also Backstop Tariffs With Domestic Production – Focus On High Quality Goods Domestically Manufacture High Quality Goods With Long Life To Help Fight Inflation Issue A Gold/Silver Backed Treasury Bond – Offer Metals Backed Savings Accounts Institute A Moratorium On Debt Ceiling Increases Until Government Deficit Spending And Debt Are Under Control There’s a lot of work that needs to be done to save the economy in the long run but the options above could help to boost the American worker and consumer and stall a breakdown. Currently, the US faces the highest national debt, the highest interest payments and the highest consumer debt in the nation’s history. We are also still in the middle of a stagflationary crisis. Something dramatic must be done soon, before it’s too late. It’s hard to test a person for moral compass but you can at least test intelligence. A candidate should not be prevented from running for office because of low IQ, but I believe the public has a right to know who they’re voting for. If they decide they don’t want a low IQ leader, then that should be up to them. By extension, independent mental acuity testing should be a regular occurrence. As we saw with Joe Biden, the establishment will happily hide the mental decline of a politician if it serves their interests. The people have a right to know. No doubt hundreds of other policy ideas could be added to the list above, but these actions are a solid start. If Trump instituted even half of these solutions the US could be saved from perhaps the worst existential crisis in the nation’s history and globalism would be on the ropes. * * * If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch. Learn more about it HERE .
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