Obama: ‘Person Of The Year’

Time Magazine has named U.S. President-elect Barack Obama as the 2008 “Person of the Year.” Micahael Elliot, editor of Time International, discusses the magazine’s decision. Time said Obama earned its award “for having the confidence to sketch an ambitious future in a gloomy hour.” He showed “the competence that makes Americans hopeful he might pull it off.”

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The magazine named four runners-up: Treasury Secretary Henry Paulson; French and current European Union President Nicholas Sarkozy; former Republican vice-presidential candidate and Alaska Gov. Sarah Palin; and Zhang Yimou, who organized the opening ceremonies of the Olympic Games in Beijing.

Last year’s winner was Russian Prime Minister Vladimir Putin.

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