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...literature and peace prizes regularly inspire controversy. Jean-Paul Sartre rejected his 1964 prize in literature, though his family tried to claim the award money after his death. Pablo Neruda wanted a Nobel Prize so much that he reportedly wined and dined Swedish writers and academics at his seaside villa; he finally won one in 1971. Bob Dylan has been nominated six times, Jerry Lewis once. In 2004, the literature prize went to Austrian feminist Elfriede Jelinek, a move so controversial that one assembly member resigned in protest. Henry Kissinger and Le Duc Tho shared a 1973 Peace Prize...

Author: /time Magazine | Title: The Nobel Prize | 12/11/2008 | See Source »

...shares entitle the government to a 5% dividend, which would be an annual payment of $8 billion on its current investment but could rise to nearly $15 billion. "In theory, if the government wanted to sell [today], it would not get 100 cents on the dollars it invested," says Jean-Francois Tremblay, who follows financial institutions at bond-rating agency Moody's. "But the government can just hold on to its investment and wait until it gets paid back...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...Canadian parliament shut down abruptly on Dec. 4 when the embattled Prime Minister Stephen J. Harper of the Conservative Party convinced Governor-General Michaëlle Jean to prorogue, or suspend, the body until January. Harper’s move came ahead of a planned no-confidence vote that had been scheduled...

Author: By Yuying Luo, CONTRIBUTING WRITER | Title: Ignatieff Will Lead Canadian Party | 12/11/2008 | See Source »

...Binney, Andrew K. Chan, Charles Chen, Allen Cheng, Patrick R. Chesnut, Lin Cong, David P. Daniels, Thomas B.S. Dolinger, Connemara Doran, Philippa G. Eccles, Christine A. Eckhardt, Hannah K. Frank, Roger R. Fu, Jamie R. Fuld, James E. Goldschmidt, Ruwan Gunaratne, Kyle Q. Haddad-Fonda, Mitchell C. Hunter, Jean A. Junior, Jesse M. Kaplan, Russell P. Kelley, Christopher B. Lacaria, Nadira Lalji, Alice N. Lee, John D. Lesieutre, Tracy Li, Eric I. Lu, Maxwell S. Mishkin, Charles G. Nathanson, Garrett G.D. Nelson, Won H. Park, Julia L. Renaud, Charles H. Rhodes, Keller C. Rinaudo, Jacob N. Sanders, Adam R. Singerman...

Author: By Emma R. Carron, CONTRIBUTING WRITER | Title: Phi Beta Kappa Accepts 48 | 12/8/2008 | See Source »

...just the size of the cut, but the message it sends about the central bank's thinking. Though the ECB remains more optimistic about the economic outlook than many economists, it seems finally to be coming to terms with economic reality. Just a few weeks ago, ECB president Jean-Claude Trichet justified the central bank's moderation in cutting rates by warning about continued high inflation. But speaking to reporters in Brussels, his emphasis was altogether different. "Overall, since our last meeting, evidence that inflation pressures are diminishing has increased," Trichet said. "Inflation rates are expected to be in line...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

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