- Man transitioning to woman killed herself in Cape City Jail in June; news comes from architect's pitch in Kansas (2/15/18)2
- Cape Girardeau businessman proposes redevelopment project; seeks taxing district to fund improvements (2/17/18)16
- Charges filed in Sunday murder; suspects in custody (2/14/18)2
- TJ's Burgers, Wings & Pizza expands with dining area in Fruitland (2/16/18)
- University Foundation to honor Talberts as Friends of the University (2/13/18)2
- Pence gets it right in response to attack on Christian faith (2/17/18)5
- Lovebirds for 80 years give advice: Trust, patience and 'Tell 'em you love 'em' (2/14/18)2
- Jackson schools to install artificial turf on football, soccer fields (2/14/18)
- Major case squad activated to investigate shooting death in Cape (2/13/18)
- Jackson schools purchased former orchard land, will lease for farming for now (2/15/18)
No increase for Nobel Prizes; still worth $970,000
STOCKHOLM, Sweden -- This year's Nobel Prizes will be worth $970,000, the same amount as last year, the foundation that administers them said on Friday.
The Nobel Foundation said it had increased the prize money by such a large amount last year -- about $100,000 -- it decided to keep the sum level for the 2002 awards.
"As we increased it quite substantially last year, by 11 percent, we thought it could be there for a year or two," foundation executive director Michael Sohlman said.
The annual prizes, created in the will of Alfred Nobel -- the Swedish industrialist and the inventor of dynamite, were first awarded in 1901 and celebrated their centennial last year.
The foundation also announced the market value of its invested capital in 2001 was $359 million. Its stock portfolio amounted to $246 million at year's end, down 5.6 percent from the year before.
The Nobel Prizes, which include gold medals and diplomas, are always presented on Dec. 10, the anniversary of Nobel's death in 1896. The prizes in literature, physics, chemistry and the prize in physiology or medicine are awarded in the Swedish capital, while the peace prize is awarded in Oslo, Norway.
The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel was established separately in 1968 but is awarded in Stockholm with the other awards and is worth the same amount.
Sohlman said he wasn't worried the winners would be disappointed with the amount when the awards are announced in the fall.
"I've never heard them complain," he said.