Word: kronor
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After Alfred Nobel's death in 1896, his executors discovered that the inventor of dynamite had secretly set aside about 35 million Swedish kronor (about $225 million today) for the creation of five annual prizes to honor those who bestowed the "greatest benefit on mankind" in science, literature and diplomacy. On Oct. 9, President Barack Obama won the most coveted and controversial of them all: the Nobel Peace Prize...
...quite a surprise. "It took five years to get the prizes started, because everyone had to figure it all out," says Hans Jornvall, secretary of the Nobel Committee at the Karolinska Institute in Sweden - the group that chooses the Nobel Prize in Medicine. Nobel initially donated 35 million Swedish kronor (about $225 million today); the prizes come from the fortune's annual interest...
...into SoFo on Södermalm, on the capital's south island in the Baltic Sea, and you'll see why: once a working-class district, these days the streets south of Folkungagatan (hence SoFo) attract a young, creative crowd who come here to relax, refuel and spend their kronor in an eclectic array of shops. As the word spreads, more tourists are showing up to make a beeline for the neighborhood's retro home-furnishing stores, vintage-clothes boutiques and characterful cafés and bars. Set aside at least half a day and prepare for a retail smorgasbord...
...lucky handful of scientists who walk away with medals, life will never be the same. The first year, German physicist Wilhelm Roentgen collected 150,800 Swedish kronor (about $15,420 today) for the discovery of X rays. This year's prizes, given for what will almost certainly be more obscure achievements, will total more than $920,000 each. And that's not counting the market value of the gold medallion or the expenses-paid trip to Stockholm. After the ceremony, formerly impecunious researchers will find themselves awash in funding, showered with speaking gigs and offered their pick of jobs. Their...
...three winners will share a cash award of 2.5 million kronor, or about $390,000, which they will receive at an awards ceremony...