Committee Lowers Nobel Prize Award 178
Snirt writes "The Nobel Committee has chosen to lower this year's Nobel prize winnings by two million kronor ($283,030) due to turbulence in the current economic climate.
The prize now stands at 8 million kronor, down from the 10 million of 2011.
'The reason behind this
decision is that the financial
markets are really unstable and there are reasons to suspect that this turbulence will continue for a while still,' said Lars Heikensten, head of the Nobel Committee, to the TT
news agency. 'Long term, we aim to raise the figure, even though we think that the Nobel Prize's value should lie in the prize
itself and not the prize money,' he said. While Heikensten admits that it was a 'tough decision' to cut the prize money, he told the news agency that it's not the first time the prize sum has been altered, adding that it has been lowered and raised several times over the past few years."
To republicans maybe (Score:3, Interesting)
Care to explain how Krugman's predictions on how the crisis would pan out have been so accurate if he doesn't understand any economics? Care also to explain where the inflation, long predicted by the likes of senator Paul and other epigones of Hayek, has been hiding?
As for the nobel peace prize awarded to Obama: that was political indeed, but how could the peace prize not be?
Re:Already tainted (Score:1, Interesting)
It's always easy to spot the ignorant little kiddies. They're the ones who bitch about Obama's prize and never seem to mention Kissinger's.
The prize wasn't for Obama. (Score:0, Interesting)
It was an attempt to reward the American people for belatedly rejecting the globally-loathed politics of Bush. You have no concept of how grateful the rest of the world was that the US wasn't completely batshit crazy. That there were moments of clarity. This prize was Norway's attempt at positive reinforcement. Forgive them their misguided enthusiasm. For it turned out you really are batshit crazy.