time person of the year On Monday, TIME magazine's managing editor announced the short list for 2009's Person of the Year, including Jamaican sprinter Usain Bolt. Bolt was recently honored by the IAAF as the male Athlete of the Year. Bolt set three world records at the 2008 Beijing Olympics and then went on to break his records in the 100 and 200 meters at the world championships in Berlin this August.
Federal Reserve Chairman Ben Bernanke was named Person of the Year by Time magazine on Wednesday, a highly visible show of support at a time he seeks to beat back proposals that would erode the central bank's authority and independence. Time credited Bernanke with creative leadership that ensured 2009 would be a year of recovery, however weak, rather than a catastrophic second Great Depression.
"The recession was the story of the year. Without Ben Bernanke ... it would have been a lot worse," Time managing editor Richard Stengel said in a statement. "We've rarely had such a perfect revision of the cliche that those who do not learn from history are doomed to repeat it. Bernanke didn't just learn from history; he wrote it himself and was damned if he was going to repeat it."
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