Things to know about the Nobel Prizes

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Things to know about the Nobel Prizes
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It’s that time of the year in Scandinavia when the wind turns colder, the days get shorter and academics in Stockholm and Oslo grab the world spotlight as they announce the winners of the Nobel Prizes.

FILE - US President Nixon's National Security Adviser Henry A. Kissinger, left, and Le Duc Tho, member of Hanoi's Politburo, are photographed outside a suburban house at Gif Sur Yvette in Paris, Wednesday, June 13, 1973. Most winners are proud and humbled by joining the pantheon of Nobel laureates from Albert Einstein to Mother Teresa.

The first Nobel Prizes were presented in 1901, five years after his death. In 1968, a sixth prize was created, for economics, by Sweden’s central bank. Though Nobel purists stress that the economics prize is technically not a Nobel Prize, it’s always presented together with the others.For reasons that are not entirely clear, Nobel decided that the peace prize should be awarded in Norway and the other prizes in Sweden.

won the peace prize in 2010, Beijing responded by freezing trade talks with Norway. It took years for Norway-China relations to be restored.One reason the prizes are so famous is they come with a generous amount of cash. The Nobel Foundation, which administers the awards, raised the prize money by 10% this year to 11 million kronor . In addition to the money, the winners receive an 18-carat gold medal and diploma when they collect their Nobel Prizes at the award ceremonies in December.

To date, 60 women have won Nobel Prizes, including 25 in the scientific categories. Only four women have won the Nobel Prize in physics and just two have won the economics prize.

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