Friday, October 16, 2009

How Noble is that Nobel Peace Prize?

Not very.

It's all about party politics. Here, read:-


Three of the five members of the Norwegian Nobel Committee had objections to the Nobel Peace Prize being awarded to US President Barack Obama, the Norwegian tabloid Verdens Gang (VG) reported Thursday.

...The committee, appointed by the Norwegian parliament, honoured Obama for "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." "The committee was unanimous," its influential secretary Geir Lundestad told AFP on Friday.

But Inger-Marie Ytterhorn, who represented the right-wing populist Progress Party on the committee, led the way in objecting to the choice of Obama because she questioned his ability to keep his promises, the newspaper said.

It also said the representative of the Conservative Party, Kaci Kullmann Five, and Aagot Valle, the representative of the Socialist Left, had objections.

The choice for Obama was however strongly supported by committee chairman Thorbjoern Jagland and Sissel Roenbeck, both representatives of the Labour Party.

The members of the committee represent their parties but do not sit in Norway's parliament.

3 comments:

Anonymous said...

Yisrael,

If three objected (a majority) how the heck did he end up gettig the prize?

Michael

Jose Martinez said...

Obama's Nobel funds should be donated to the U.S. government to pay for his two Air Force 1 Scandanavian trips (Copenhagen - failed plug for Chicago Olympics) and Oslo - to pick up his $ 1.4 million peace prize. Each Air Force One trip cost the tax payer about $ 920,0000.

And there is the issue of how the tainted Nobel foundation funds invested in Swedish armament industry and in weapons of mass destruction.

1. Originally the directive from Alfred Nobel was to place the funds in real estate or similar safe investments, however since 1953 the foundation was allowed by the Swedish government to invest in shares, which stopped the hither to depletion of the funds.

2. The funds are at the moment approx US$ 500 million in total (it shrunk approx 20% last year).

3. The management is not done by the foundation itself, it is split across several (about ten) portfolios managed by different asset managers in Sweden and other countri es, the spread across countries and by asset type can be found here: http://nobelprize.org/nobelfoundation/finan-manag.html

4. As late as 2005, there is an explicit admission from the foundation that there are NO ethical guidelines issued to the asset managers:

www.dagsavisen.no/innenriks/article256458.ece?service=articlePrint - in Norwegian)

5.There have been several 'scandals' surrounding the asset management, presumably deriving from the lack of ethical guidelines from the Nobel foundation

- In 1998, the Observer made an investigation into the investments and found that many of the world largest arms manufactureres (including Boeing, British Aerospace, GKN och Smiths Industries) were in the Nobel foundation portfolios

- in 2005, a Norwegian organization 'Norwatch' looked specifically into the portfolio handled by a US firm group called T Rowe Price who in their general portfolios have manufacturers of both cluster bombs and atomic bombs (Lockheed Martin). The Nobel foundation did not exclude the possibility that their funds were invested in such shares

6. it is probable that such investments are held in the the Bofor group, which has a high level chemical plant in Ifshahan, Iran, which manufactures TNT, and quite likely sophisticated chemical precursors used to help create nuclear enriched uranium.

However, dynamite and related products was the original invention and=2 0business which gave Alfred Nobel the means to set up the prize in the first place, and he was the owner of Bofors from 1894-96, during which he "had the key role in reshaping the iron manufacturer to a modern cannon manufacturer (...)" : http://en.wikipedia.org/wiki/Bofors

No doubt the prestige of the prize to a large degree derives from the large sums involved, but is therefore also stained by the way the money was and is procured.

But the prestige also derives from Alfred Nobels testamentary wish to promote peace and international understanding.

The paradox the funds for the Nobel Prize are invested and retained in funds related to armament productions and weapons of mass destruction and many people are unaware of this situation.

YMedad said...

Anon.: How? I guess they knuckled under.

Jose: thanks for info.