The 2010 Nobel prize in literature was recently awarded to Peruvian writer and politician, Mario Vargas Llosa. Some of his works include "La ciudad y los perros (1962)" (The city and the dogs) and "Conversación en la Catedral (1969)" (Conversation in the Cathedral). The specific reason why he won was described as being for his "mapping of structure of power and scathing portrait of individual resistance, rebellion and defeat." The award itself included about $1.5 million and will actualy be presented on December 10, 2010.
For more information on Mario Vargas Llosa or to see the article, check out the BBC link: http://www.bbc.co.uk/mundo/noticias/2010/10/101007_vargas_llosa_nobel_literatura_aw.shtml