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Facts – How does the Nobel Peace Prize work? by Reuters

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© Reuters. FILE PHOTO: A replica of the Nobel Prize medal is displayed inside the Norwegian Nobel Institute in Oslo, Norway, September 19, 2022. REUTERS/Victoria Kleste

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Written by Gwladys Fouche

Oslo (Reuters) – The winner of the 2022 Nobel Peace Prize will be announced on October 7 in Oslo. Here’s a look at how the award works:

Who can win?

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The prize should go to the person “who has done his best or best to advance the fellowship among nations, abolish or reduce standing armies, and establish and strengthen peace congresses,” according to the will of Swedish industrialist Alfred Nobel, inventor of dynamite and founder of the prizes.

Thousands of people can propose names: members of governments and parliaments; current heads of state; university professors of history, social sciences, law and philosophy; and former Nobel Peace Prize laureates, among others.

This year, there are 343 nominees, although the full slate will remain locked in a vault for 50 years.

Among the favorites of this year’s controversy makers are the independent Kyiv newspaper, Ukrainian President Volodymyr Zelensky and the United Nations High Commissioner for Refugees.

who decides?

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The Norwegian Nobel Committee, consisting of five individuals appointed by the Norwegian Parliament. Members are often retired politicians, but not always. The current committee is headed by a lawyer and includes an academic.

They have all been put forward by Norwegian political parties and their appointments reflect the balance of power in the Norwegian Parliament.

How do they decide?

Nominations close on January 31. Committee members can submit their own nominations no later than the committee’s first meeting in February.

They discuss all nominations, then shortlist them. Each candidate is then evaluated and examined by a group of permanent advisors and other experts.

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The committee meets approximately once a month to discuss the nominations. They usually make their decision at the final meeting of the committee, which is at the beginning of October.

The Committee seeks consensus on its selection. If not, the decision is reached by a majority vote.

The last time a member resigned in protest was in 1994, when Palestinian leader Yasser Arafat shared the award with Israelis Shimon Peres and Yitzhak Rabin.

Who was nominated?

While the full list of nominations is kept confidential, candidates are free to disclose it.

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In recent years, Norwegian lawmakers have tended to reveal the names of their candidates in advance, with a string of successes: Seven of the other nine winners appeared on those lists.

This year, according to a Reuters survey of Norwegian lawmakers who revealed their nominees, the Swedish list includes Greta Thunberg and Fridays for Future, Belarusian dissidents Svyatlana Tsykhanoskaya, Maria Kolesnikova and Veronika Tsypkalo.

They also nominated Russian Alexei Navalny, Pope Francis, British nature broadcaster David Attenborough, Tuvalu Foreign Minister Simon Coffey, and the World Health Organization.

What does laureate get?

A medal, a diploma, ten million Swedish kronor ($900,000) – and immediate global attention.

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South African Archbishop Desmond Tutu, winner of the 1984 prize, said being awarded the Nobel Prize is a double-edged sword. He was quoted as saying in his certified autobiography: “One day no one was listening. And the next day, I was a revelation.”

When are the announcements and ceremonies?

The announcement will be made at 1100 CET (0900 GMT) on Friday at the Norwegian Nobel Institute in Oslo by the chair of the Norwegian Nobel Committee, Berit Reiss-Andersen.

The ceremony will take place at Oslo City Hall on December 10, in memory of Alfred Nobel’s death.

(1 dollar = 11.1081 Swedish krona)

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.