Nobel Prize in Economics awarded to 3 US-based economists
Stockholm (AP): This year's Nobel Prize in economic sciences has been awarded to the former chair of the U.S. Federal Reserve, Ben S. Bernanke, and two U.S.-based economists, Douglas W. Diamond and Philip H. Dybvig, for research on banks and financial crises.
The prize was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm.
The committee said their work had shown in their research why avoiding bank collapses is vital.
Nobel prizes carry a cash award of 10 million Swedish kronor (nearly 900,000) and will be handed out on Dec. 10.
Unlike the other prizes, the economics award wasn't established in Alfred Nobel's will of 1895 but by the Swedish central bank in his memory. The first winner was selected in 1969.
Last year, half of the award went to David Card for his research on how the minimum wage, immigration and education affect the labor market. The other half was shared by Joshua Angrist and Guido Imbens for proposing how to study issues that don't easily fit traditional scientific methods.
A week of Nobel Prize announcements kicked off Oct. 3 with Swedish scientist Svante Paabo receiving the award in medicine for unlocking secrets of Neanderthal DNA that provided key insights into our immune system.
Three scientists jointly won the prize in physics Tuesday. Frenchman Alain Aspect, American John F. Clauser and Austrian Anton Zeilinger had shown that tiny particles can retain a connection with each other even when separated, a phenomenon known as quantum entanglement, that can be used for specialized computing and to encrypt information.
The Nobel Prize in chemistry was awarded Wednesday to Americans Carolyn R. Bertozzi and K. Barry Sharpless, and Danish scientist Morten Meldal for developing a way of snapping molecules together that can be used to explore cells, map DNA and design drugs that can target diseases such as cancer more precisely.
French author Annie Ernaux won this year's Nobel Prize in literature Thursday. The panel commended her for blending fiction and autobiography in books that fearlessly mine her experiences as a working-class woman to explore life in France since the 1940s.
The Nobel Peace Prize went to jailed Belarus human rights activist Ales Bialiatski, the Russian group Memorial and the Ukrainian organization Center for Civil Liberties on Friday.
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K'taka Minister Parameshwara distances himself from 'next CM' slogans raised by supporters
Bengaluru (PTI): Karnataka Home Minister G Parameshwara on Thursday distanced himself from slogans raised by his supporters in Tumakuru, projecting him as the next Chief Minister, and asserted that he would not fuel speculation or lobby for the post as any decision rests with the party high command.
Speaking to reporters in Bengaluru, Parameshwara said he had no role in the slogans raised by his followers and reiterated that leadership decisions would be taken at the appropriate time by the party leadership.
“I am not prepared to create any more confusion,” he said, adding that “our High Command will take a decision at the appropriate time.”
Responding to questions about alleged lobbying by party workers and supporters, he said, “I am not going to do any lobbying. Didn’t you hear what I said yesterday? Someone asked me whether I was going to Delhi. I did not go to Delhi. That’s it.”
The minister also said such decisions are left to the Congress high command.
He maintained that while well-wishers may express their feelings, he had discouraged them from doing so.
“Our well-wishers here may be expressing their feelings. How can I tell them not to do that? I have told them not to do it… but in all this, as I said, I am not going to join or encourage this confusion,” he said.
Regarding missing children cases, the Home Minister said the government was taking it seriously.
He also said that instructions had been issued to trace foreigners overstaying their visas.
He also referred to ongoing verification drives in Bengaluru to identify illegal stay and scrutinise identity documents.
Reiterating that recruitment to vacant government posts would continue in a phased manner, Parameshwara said discussions would be held on employment generation and other administrative matters.
