US economists Paul Milgrom, Robert Wilson win Nobel Prize in Economics

Agencies
October 12, 2020

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Stockholm, Oct 12: US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize on Monday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.

The duo was honoured "for improvements to auction theory and inventions of new auction formats," the jury said.

The Royal Swedish Academy of Sciences noted that the discoveries by Milgrom, 72, and Wilson, 83, "have benefitted sellers, buyers and taxpayers around the world," it said in a statement.

The winners will share the prize sum of 10 million Swedish kronor (about $1.1 million, 950,000 euros).

Last year the honour went to French-American Esther Duflo, Indian-born Abhijit Banerjee of the US, and American Michael Kremer for their experimental work on alleviating poverty.

Even if it might be the most prestigious prize an economist can hope to receive, the economics prize has not reached the same status as those originally chosen by Alfred Nobel in his will, which included medicine, physics, chemistry, literature and peace.

It was instead created through a donation from the Swedish central bank and detractors have thus dubbed it "a false Nobel."

The prize closes the 2020 Nobel season which so far has seen the peace prize awarded to the UN's World Food Programme.

Women have been more prevalent than usual this year, with American poet Louise Gluck winning the literature prize.

And Frenchwoman Emmanuelle Charpentier and American Jennifer Doudna became the first all-female duo to win a scientific Nobel on Wednesday, clinching the chemistry award for their discovery of the CRISPR-Cas9 DNA snipping "scissors."

Winners would normally receive their Nobel from King Carl XVI Gustaf at a formal ceremony in Stockholm on December 10, but the pandemic means it has been replaced by a televised ceremony showing the laureates receiving their awards in their home countries.

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News Network
April 30,2024

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Gaza civil defense agency has warned of a looming health disaster in the besieged Strip as the decomposition of dead bodies under the rubble of buildings destroyed by the relentless Israeli bombings accelerates.

The agency pointed on Tuesday to the risk of diseases and epidemics associated with the public decomposition of thousands of bodies due to rising temperature.

“The continued accumulation of thousands of bodies under the rubble has begun to cause the spread of disease and epidemics, especially with the onset of summer and the rise in temperatures, which accelerates the process of decomposition,” it said in a statement.

Seven months into the war, the Geneva-based Euro-Mediterranean Human Rights Monitor warned earlier that the decomposition of dead bodies for long periods leads to the transmission of serious diseases, including blood-borne viruses and tuberculosis.

"Gastrointestinal infections like cholera can also be easily spread through direct contact with dead bodies leaking excrement, soiled clothing, or contaminated tools or vehicles," it added.

In another report last week, Euro-Med Monitor also warned that thousands of corpses left in the streets or beneath house debris are rotting and being consumed by cats and dogs, which is an additional factor contributing to the spread of infectious diseases.

"The spread threatens the environment and public health in the Strip, and health authorities in the Strip have detected about one million cases of infectious diseases," the report added.

The Global Nutrition Group also estimates that at least 90 percent of the Gaza Strip’s children under the age of five are affected by one or more infectious diseases and that 70 percent have had diarrhea in the past two weeks—a 23-fold increase compared with the 2022 baseline.

Unexpected blistering temperatures across Gaza have also added to the daily misery faced by the enclave’s people and sparked new fears of disease outbreaks amid a lack of sufficient clean water and waste disposal, the UN Relief and Works Agency for Palestine Refugees in the Near East, also known as UNRWA said on Thursday.

This comes as the death toll from Israel's genocidal campaign against Gaza rose to 34,535. Among the dead are more than 14,500 children and 9,500 women.

Since the war began on October 7, nearly 85 percent of Gaza's 2.3 million people have been displaced.

Vast swathes of the besieged territory are in ruins as Israel continues its onslaught, dropping at least 75,000 tons of explosives on Gaza, according to the Gaza Media Office.

Earlier this month, UNRWA, said 62 percent of all houses in the besieged territory have been damaged or destroyed.

Gaza Media Office recently reported that nearly 90,000 housing units have been destroyed while nearly 300,000 units have been damaged by the Israeli air and ground offensive.

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) reported on Monday that nearly 37.5 million tons of conflict-generated debris are estimated to be present throughout Gaza, based on assessments by UN bodies.

The world’s hunger watchdog, known as the Integrated Food-Security Phase Classification (IPC), said in a report published on March 18 that about 1.1 million Palestinians in Gaza are living through catastrophic food insecurity, warning that famine is likely to strike by May in northern Gaza and can spread across the territory by July.

Francesca Albanese, the UN special rapporteur on the occupied Palestinian territory, said in a report published in late March that there were clear indications that Israel has violated three of the five acts listed under the UN Genocide Convention.

These acts Albanese said were “killing members of the group; causing serious bodily or mental harm to the group’s members; and deliberately inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part.”

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News Network
April 28,2024

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Bengaluru: JD(S) leader H D Kumaraswamy on Sunday said he would like to wait for the facts to come out of the investigation into an alleged sex scandal involving his nephew and Hassan MP Prajwal Revanna, but asserted that there is no question of forgiving anyone who has committed a crime as per law.

The former chief minister said he has nothing to do with Prajwal Revanna reportedly leaving the country, and it is the responsibility of the Special Investigation Team (SIT) to get him back if required.

The 33-year-old Prajwal Revanna is the son of former prime minister and JD(S) patriarch H D Deve Gowda's elder son H D Revanna, who is an MLA and former minister.

Some explicit video clips allegedly involving Prajwal Revanna had started making the rounds in Hassan in recent days.

Prajwal Revanna is the BJP-JD(S) alliance's candidate from Hassan, which went to polls on Friday.

Kumaraswamy said, "I have noticed that the chief minister has ordered an SIT probe. Whether it is me or Deve Gowda (his father), we have always conducted ourselves respectfully towards women and have responded positively when anyone came with any sufferings. We have tried to address them."

Speaking to reporters here, he said, "The Hassan related issue that started during elections, let the facts come out through a probe. Whoever it is, who has committed the mistake as per the law of the land...there is no question of forgiving anyone who has committed the mistake. So let the facts come out from the probe, after that I will react."

To a question on Prajwal Revanna going to a foreign country, Kumaraswamy said, "It is not related to me. SIT probe has been ordered, officials have been put to work. If he has gone to a foreign country, getting him back is their responsibility. What should I say, if I'm asked. They (SIT) will get him, don't worry."

Chief Minister Siddaramaiah announced the decision to constitute a SIT to probe the alleged sex scandal involving the MP.

Meanwhile, the police have information that Prajwal has left the country, according to a statement issued by the Chief Minister’s office.

"Prajwal Revanna’s explicit video clips are being circulated in Hassan and it appears prime facie that women were sexually assaulted,' the statement said, adding that the government decided to form an SIT based on a petition by the chief of the Karnataka State Commission for Women.

The Commission's chairperson Dr Nagalakshmi Chaudhary on Thursday wrote to Siddaramaiah and state police chief Alok Mohan, seeking a probe into the videos that are in circulation in Hassan.

Prajwal has through his election agent lodged a complaint with the authorities that the videos are "doctored" and being circulated to tarnish his image ahead of elections.

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News Network
May 3,2024

Bengaluru: In a shocking revelation, a former member of Hassan Zilla Panchayat (ZP) has accused incumbent JD(S) MP Prajwal Revanna of raping her multiple times over three years and videographing the alleged crime.

A case was registered by the Criminal Investigation Department (CID) based on the statement by the 44-year-old survivor on Wednesday, May 1.

According to the First Information Report (FIR), the woman claimed that when she was a ZP member she used to visit the MLAs and MPs for various development works.

In one such instance in 2021, she met Prajwal seeking his help to get hostel seats for some female students at a local college. The woman, in her statement, said that since the MP was busy, she was asked to meet him the next day.

“The following day I visited the MP at his office and the MP's quarters in Hassan. The staff present there told me to wait on the first floor as there were many others in the hall. Prajwal spoke to some of the women waiting there, spoke with them and sent them off until I was the only one left,” the woman alleged.

As per the survivor, the MP then called her inside a room and she obliged.

“He held my hand, pulled me inside and locked the door. When I asked him why was he closing the door, he told me nothing would happen and made me sit on the bed. He said my husband should talk less and warned me of the consequences. He also said that because of my husband, his mother, Bhavani Revanna, missed the MLA ticket. He told me that if my husband wants to grow politically, I should listen to him [Prajwal],” the woman alleged.

Next, Prajwal allegedly told the woman to lie down on the bed and undress. When the woman refused and said that she would shout, Prajwal allegedly threatened her that he had a gun and warned of dire consequences for her and her husband.

The woman alleged that Prajwal took out his mobile phone and then raped her.

“He raped me and sexually assaulted me and recorded the act on his mobile phone,” the woman alleged. “He threatened to leak the video if I ever spoke about it and told me to be there whenever he wanted. After that, he used to video call me frequently, ask me to be naked during the call and raped me in multiple instances.”

The woman claimed that she was scared and did not make the incident public and chose to come forward after she learnt of the Special Investigation Team (SIT) set up by the Karnataka government to probe the alleged Hassan sex scandal.

A case was registered under Sections 376(2)(n) (commits rape repeatedly on the same woman), 506 (criminal intimidation), 354A(1)(physical contact and advances involving unwelcome and explicit sexual overtures), 354B (assault or use of criminal force to woman with intent to disrobe) and 354C (voyeurism) of the Indian Penal Code (IPC) and 66E (violation of privacy) of the Information Technology (IT) Act.

Prajwal is also accused in a sexual harassment case along with his father, Holenarasipur MLA HD Revanna, registered at the Holenarasipur police station in Hassan on April 28. 

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