LYCOS RETRIEVER 
Nobel Peace Prize: Nobel Prize
built 655 days ago
The Nobel Peace Prize is one of six awards in the memory of Alfred Nobel, the inventor of Dynamite. Every year the organization gives out six awards for the people "who best benefit mankind through their actions" in one of the six subjects (which include peace, literature, physics, chemistry, economics, and medicine).
Source:
"The candidates eligible for the Nobel Peace Prize are those nominated by qualified persons who have received an invitation from the Nobel Committee to submit names for consideration. No one can nominate himself or herself."
Source:
In its announcement the Nobel Committee states that "the Nobel Peace Prize for 2006, is to be divided into two equal parts, betweenMuhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below ... serves to advance democracy and human rights."
Source:
The Nobel Peace Prize was awarded jointly to Yunus and Grameen Bank of Bangladesh. Yunus, 66, established the bank in 1983, fueled by the belief that credit is a fundamental human right. Since its founding, the bank has made microcredit loans worth $5.72 billion to 6.61 million borrowers, 97 percent of whom are women, with a 99 percent loan recovery rate.
Source:
Unlike the other Nobel Prizes, which recognize completed scientific or literary accomplishment, the Nobel Peace Prize may be awarded to persons or organizations that are in the process of resolving a conflict or creating peace. As some such processes have failed to create lasting peace, some Peace Prizes appear questionable in hindsight. For example, the awards given to Theodore Roosevelt, Shimon Peres, Yitzhak Rabin, Yasser Arafat, Lê Ðức Thọ and Henry Kissinger were particularly controversial and criticized; the Kissinger-Thọ award prompted two dissenting Committee members to resign.[7]
Source:
The Nobel Peace Prize, traditionally awarded to individuals who have made strides toward reducing armed conflicts, has been extended to recipients who champion humanitarian and environmental causes in recent years. Some have argued that the change is political, with recent laureates including former President Jimmy Carter, who won in 2002, and Gore—both of whom are vocal critics of the Bush administration.
Source:
MORE ABOUT
Nobel Prize