The Norwegian Nobel Committee has picked the 2004 Peace Prize winner but the winner will not be announced until October 8. USA Today is reporting that the International Atomic Energy Agency and its director * Mohamed ElBaradei is the odds-on favorite* followed by former UN weapons inspector Hans Blix. USA Today said odds-makers estimate the chance of nominees President Bush or British Prime Minister Tony Blair winning the peace prize as 1,000–1, roughly the same odds of as former Yugoslavian president Slobadan Milosevic who’s on trial for war crimes.