Tuesday, June 12, 2012

Nobel prize money cut

  • The last time the Nobel Foundation reduced its prize money was in 1949. The group steadily increased the amount until 2001 and has left the prize at 10 million Swedish kronor ($1.4 million) until now.
  • (Los Angeles Times)
  • STOCKHOLM, Sweden -- The Nobel Foundation has decided to reduce the prize money of each of the six Nobel awards by 20 percent this year to 8 million kronor ($1.1 million) to help safeguard its long-term capital prospects.
  • (Huffington Post)
  • (click to enlarge) You see that the period that the BoJ (the Bank of Japan) engaged in quantitative easing, between 2001 and 2006, it hasnt produced any uptick in lending and therefore it had no notable effect even on broader money aggregates like M2.
  • (Seekingalpha.com)
  • "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.
  • (Local)
  • Still, there is that Nobel Prize he won for economics the American economy as social and entitlement programs are cut.
  • (YAHOO!)
  • Nobel Prize-winning economist Joseph Stiglitz said the election "Providing more liquidity doesn't force them to lend," he said. The U.S.
  • (MSN Money)

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