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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Cal HC urges EC to dispose of TMC complaint over police observer's meeting with BJP nominee
Kolkata (PTI): The Calcutta High Court has requested the Election Commission to address the TMC's complaint that a police observer in South 24 Parganas district for the assembly polls met a BJP candidate in violation of norms.
The TMC prayed for the removal of the said officer from the role of police observer in four assembly constituencies -- Magrahat Purba, Magrahat Paschim, Diamond Harbour and Falta.
The EC stated before the court that the observer met the candidate in an official capacity at the designated conference room for meetings at a state government-owned tourist lodge in Diamond Harbour, and there was nothing confidential about it as alleged by the petitioner.
Justice Krishna Rao, after hearing the parties in the matter last week, "requested" the Election Commission of India to dispose of the complaint filed by the TMC and to communicate the order to the petitioner.
The TMC alleged in the petition that during his stay at the tourist lodge, the officer held a private and unofficial meeting with the candidate fielded by the BJP from the Magrahat Paschim assembly constituency.
Senior advocate D S Naidu, representing the Election Commission, stated before the court that sub-clause 3 of Clause 3 of the Observer’s Handbook provides that for all purposes, a police observer would act as the eyes and ears of the ECI during the period of election and provide direct input to the commission.
He stated before the court that a police observer has to meet the public as well as the candidates and to submit a report to the Commission.
Naidu further submitted that the TMC's allegation that the police observer in question met with the BJP candidate in a personal manner is baseless, as he met the said candidate in an official capacity along with others.
