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The Nobel Prize has reduced its actual prize


Via New York Times:

Even the prestigious Nobel Prize is not immune to global economic struggles. The Nobel Foundation announced Monday that it is reducing the size of its prizes by 20 percent, to about $1.1 million from $1.4 million (8 million Swedish kronor from 10 million Swedish kronor). The decision to make the first nominal cut in the prize since 1963 is a result of recent financial difficulties.

And we thought the Prize couldn't get any lower after Al Gore received one.

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