Time Table For The 2016 #NobelPrize Announcements

Physiology or Medicine:
Monday 3 October, 11:30 a.m. at the earliest

Physics:
Tuesday 4 October, 11:45 a.m. at the earliest

Chemistry:
Wednesday 5 October, 11:45 a.m. at the earliest

Peace:
Friday 7 October, 11:00 a.m.

Prize in Economic Sciences:
Monday 10 October, 11:45 a.m. at the earliest

Literature:
The date will be set later

http://www.todaynewsreview.com/p/1594/time-table-for-the-2016-nobelprize-announcements

Yoshinori Ohsumi Wins 2016 Nobel Prize In Physiology Or Medicine

The 2016 Nobel Prize in Physiology or Medicine to Yoshinori Ohsumi ”for his discoveries of mechanisms for autophagy”

This year’s Nobel Laureate discovered and elucidated mechanisms underlying autophagy, a fundamental process for degrading and recycling cellular components.

The word autophagy originates from the Greek words auto-, meaning “self”, and phagein, meaning “to eat”. Thus, autophagy denotes “self eating”. This concept emerged during the 1960’s, when researchers first observed that the cell could destroy its own contents by enclosing it in membranes, forming sack-like vesicles that were transported to a recycling compartment, called the lysosome, for degradation. Difficulties in studying the phenomenon meant that little was known until, in a series of brilliant experiments in the early 1990’s, Yoshinori Ohsumi used baker’s yeast to identify genes essential for autophagy. He then went on to elucidate the underlying mechanisms for autophagy in yeast and showed that similar sophisticated machinery is used in our cells.

Ohsumi’s discoveries led to a new paradigm in our understanding of how the cell recycles its content. His discoveries opened the path to understanding the fundamental importance of autophagy in many physiological processes, such as in the adaptation to starvation or response to infection. Mutations in autophagy genes can cause disease, and the autophagic process is involved in several conditions including cancer and neurological disease.

Yoshinori Ohsumi is a professor at the Tokyo Institute of Technology since 2009.

More here: http://www.todaynewsreview.com/p/1593/breaking-news-yoshinori-ohsumi-wins-2016-nobel-prize-in-phys

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The 2016 Nobel Prize In Physics Is Awarded To David Thouless, Duncan Haldane And Michael Kosterlitz
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Physics 2016 with one half to

David J. Thouless
University of Washington, Seattle, WA, USA

and the other half to

F. Duncan M. Haldane
Princeton University, NJ, USA

and

J. Michael Kosterlitz
Brown University, Providence, RI, USA

”for theoretical discoveries of topological phase transitions and topological phases of matter”

They revealed the secrets of exotic matter

This year’s Laureates opened the door on an unknown world where matter can assume strange states. They have used advanced mathematical methods to study unusual phases, or states, of matter, such as superconductors, superfluids or thin magnetic films. Thanks to their pioneering work, the hunt is now on for new and exotic phases of matter. Many people are hopeful of future applications in both materials science and electronics.

The three Laureates’ use of topological concepts in physics was decisive for their discoveries. Topology is a branch of mathematics that describes properties that only change step-wise. Using topology as a tool, they were able to astound the experts. In the early 1970s, Michael Kosterlitz and David Thouless overturned the then current theory that superconductivity or suprafluidity could not occur in thin layers. They demonstrated that superconductivity could occur at low temperatures and also explained the mechanism, phase transition, that makes superconductivity disappear at higher temperatures.

In the 1980s, Thouless was able to explain a previous experiment with very thin electrically conducting layers in which conductance was precisely measured as integer steps. He showed that these integers were topological in their nature. At around the same time, Duncan Haldane discovered how topological concepts can be used to understand the properties of chains of small magnets found in some materials.

We now know of many topological phases, not only in thin layers and threads, but also in ordinary three-dimensional materials. Over the last decade, this area has boosted frontline research in condensed matter physics, not least because of the hope that topological materials could be used in new generations of electronics and superconductors, or in future quantum computers. Current research is revealing the secrets of matter in the exotic worlds discovered by this year’s Nobel Laureates.
Read more about this year's prize

David J. Thouless, born 1934 in Bearsden, UK. Ph.D. 1958 from Cornell University, Ithaca, NY, USA. Emeritus Professor at the University of Washington, Seattle, WA, USA.

F. Duncan M. Haldane, born 1951 in London, UK. Ph.D. 1978 from Cambridge University, UK. Eugene Higgins Professor of Physics at Princeton University, NJ, USA.

J. Michael Kosterlitz, born 1942 in Aberdeen, UK. Ph.D. 1969 from Oxford University, UK. Harrison E. Farnsworth Professor of Physics at Brown University, Providence, RI, USA.

Prize amount: 8 million Swedish krona, with one half to David Thouless and the other half to be shared between Duncan Haldane and Michael Kosterlitz.

http://www.todaynewsreview.com/p/1608/breaking-news-the-2016-nobel-prize-in-physics-is-awarded-to

Nice one.....

Cc: lalasticlala

The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2016 to

Jean-Pierre Sauvage
University of Strasbourg, France

Sir J. Fraser Stoddart
Northwestern University, Evanston, IL, USA

and

Bernard L. Feringa
University of Groningen, the Netherlands

"for the design and synthesis of molecular machines"


They developed the world's smallest machines

A tiny lift, artificial muscles and miniscule motors. The Nobel Prize in Chemistry 2016 is awarded to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Feringa for their design and production of molecular machines. They have developed molecules with controllable movements, which can perform a task when energy is added.

The development of computing demonstrates how the miniaturisation of technology can lead to a revolution. The 2016 Nobel Laureates in Chemistry have miniaturised machines and taken chemistry to a new dimension.

The first step towards a molecular machine was taken by Jean-Pierre Sauvage in 1983, when he succeeded in linking two ring-shaped molecules together to form a chain, called a catenane. Normally, molecules are joined by strong covalent bonds in which the atoms share electrons, but in the chain they were instead linked by a freer mechanical bond. For a machine to be able to perform a task it must consist of parts that can move relative to each other. The two interlocked rings fulfilled exactly this requirement.

The second step was taken by Fraser Stoddart in 1991, when he developed a rotaxane. He threaded a molecular ring onto a thin molecular axle and demonstrated that the ring was able to move along the axle. Among his developments based on rotaxanes are a molecular lift, a molecular muscle and a molecule-based computer chip.

Bernard Feringa was the first person to develop a molecular motor; in 1999 he got a molecular rotor blade to spin continually in the same direction. Using molecular motors, he has rotated a glass cylinder that is 10,000 times bigger than the motor and also designed a nanocar.

2016's Nobel Laureates in Chemistry have taken molecular systems out of equilibrium's stalemate and into energy-filled states in which their movements can be controlled. In terms of development, the molecular motor is at the same stage as the electric motor was in the 1830s, when scientists displayed various spinning cranks and wheels, unaware that they would lead to washing machines, fans and food processors. Molecular machines will most likely be used in the development of things such as new materials, sensors and energy storage systems.

Jean-Pierre Sauvage, born 1944 in Paris, France. Ph.D. 1971 from the University of Strasbourg, France. Professor Emeritus at the University of Strasbourg and Director of Research Emeritus at the National Center for Scientific Research (CNRS), France.

Sir J. Fraser Stoddart, born 1942 in Edinburgh, UK. Ph.D. 1966 from Edinburgh University, UK. Board of Trustees Professor of Chemistry at Northwestern University, Evanston, IL, USA.


Bernard L. Feringa, born 1951 in Barger-Compascuum, the Netherlands. Ph.D.1978 from the University of Groningen, the Netherlands. Professor in Organic Chemistry at the University of Groningen, the Netherlands.

Prize amount: 8 million Swedish krona, to be shared equally between the Laureates.

More here: http://www.todaynewsreview.com/p/1642/the-2016-nobel-prize-in-chemistry-is-awarded-jointly-to-jean

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Colombian President Juan Manuel Santos Wins 2016 Nobel Peace Prize

The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2016 to Colombian President Juan Manuel Santos for his resolute efforts to bring the country’s more than 50-year-long civil war to an end, a war that has cost the lives of at least 220 000 Colombians and displaced close to six million people. The award should also be seen as a tribute to the Colombian people who, despite great hardships and abuses, have not given up hope of a just peace, and to all the parties who have contributed to the peace process. This tribute is paid, not least, to the representatives of the countless victims of the civil war.

By awarding this year’s Peace Prize to President Juan Manuel Santos, the Norwegian Nobel Committee wishes to encourage all those who are striving to achieve peace, reconciliation and justice in Colombia.

More here: http://www.todaynewsreview.com/p/1661/breaking-news-colombian-president-juan-manuel-santos-wins-20

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The 2016 Nobel Prize In In Economic Sciences Is Awarded To Oliver Hart And Bengt Holmström

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to

Oliver Hart
Harvard University, Cambridge, MA, USA

and

Bengt Holmström
Massachusetts Institute of Technology, Cambridge, MA, USA

“for their contributions to contract theory”


The long and the short of contracts

Modern economies are held together by innumerable contracts. The new theoretical tools created by Hart and Holmström are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design.

Society’s many contractual relationships include those between shareholders and top executive management, an insurance company and car owners, or a public authority and its suppliers. As such relationships typically entail conflicts of interest, contracts must be properly designed to ensure that the parties take mutually beneficial decisions. This year’s laureates have developed contract theory, a comprehensive framework for analysing many diverse issues in contractual design, like performance-based pay for top executives, deductibles and co-pays in insurance, and the privatisation of public-sector activities.

In the late 1970s, Bengt Holmström demonstrated how a principal (e.g., a company’s shareholders) should design an optimal contract for an agent (the company’s CEO), whose action is partly unobserved by the principal. Holmström’s informativeness principle stated precisely how this contract should link the agent’s pay to performance-relevant information. Using the basic principal-agent model, he showed how the optimal contract carefully weighs risks against incentives. In later work, Holmström generalised these results to more realistic settings, namely: when employees are not only rewarded with pay, but also with potential promotion; when agents expend effort on many tasks, while principals observe only some dimensions of performance; and when individual members of a team can free-ride on the efforts of others.

In the mid-1980s, Oliver Hart made fundamental contri-butions to a new branch of contract theory that deals with the important case of incomplete contracts. Because it is impossible for a contract to specify every eventuality, this branch of the theory spells out optimal allocations of control rights: which party to the contract should be entitled to make decisions in which circumstances? Hart’s findings on incomplete contracts have shed new light on the ownership and control of businesses and have had a vast impact on several fields of economics, as well as political science and law. His research provides us with new theoretical tools for studying questions such as which kinds of companies should merge, the proper mix of debt and equity financing, and when institutions such as schools or prisons ought to be privately or publicly owned.

Through their initial contributions, Hart and Holmström launched contract theory as a fertile field of basic research. Over the last few decades, they have also explored many of its applications. Their analysis of optimal contractual arrangements lays an intellectual foundation for designing policies and institutions in many areas, from bankruptcy legislation to political constitutions.

Oliver Hart, born 1948 in London, UK. Ph.D. 1974 from Princeton University, NJ, USA. Andrew E. Furer Professor of Economics at Harvard University, Cambridge, MA, USA.


Bengt Holmström, born 1949 in Helsinki, Finland. Ph.D. 1978 from Stanford University, CA, USA. Paul A. Samuelson Professor of Economics, and Professor of Economics and Management at Massachusetts Institute of Technology, Cambridge, MA, USA.

The Prize amount: 8 million Swedish krona, to be shared equally between the Laureates.

More here: http://www.todaynewsreview.com/p/1707/the-2016-nobel-prize-in-in-economic-sciences-is-awarded-to-o

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Insightful

No African among the winners. Why? Is Africa a failed continent?

The 2016 ‪Nobel Prize‬ in Literature is awarded to

Bob Dylan

“for having created new poetic expressions within the great American song tradition”.

Age: 75
Born: May 24, 1941 in Duluth, Minnesota, USA

More here: http://www.todaynewsreview.com/p/1772/the-2016-nobel-prize-in-literature-is-awarded-to-bob-dylan

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