President Barack Obama Named Time's Person of the Year

From a shortlist that included a Pakistani teenager, the new leader of Egypt and a former president, Barack Obama has for the second time been named Time magazine's person of the year. In an essay on the weekly decision, Michael Scherer, the magazine's White House correspondent, points to "the Obama effect," and how it can be quantified. "It could be measured — in wars stopped and started; industries saved, restructured or reregulated; tax cuts extended; debt levels inflated; terrorists...Full Story
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