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Obama named 'Person of the Year' Obama named 'Person of the Year'
(10 minutes later)
Time magazine has given its annual Person of the Year honour to US President-elect Barack Obama. Time magazine has given its annual Person of the Year award to US President-elect Barack Obama.
Mr Obama was awarded the title "for having the confidence to sketch an ambitious future in a gloomy hour," said the US-based magazine.Mr Obama was awarded the title "for having the confidence to sketch an ambitious future in a gloomy hour," said the US-based magazine.
It said he showed "the competence that makes Americans hopeful he might pull it off".It said he showed "the competence that makes Americans hopeful he might pull it off".
Recent winners have included Russian Prime Minister Vladimir Putin, the American soldier and the public.Recent winners have included Russian Prime Minister Vladimir Putin, the American soldier and the public.
Four runners-up were also announced, as well as 17 "people who mattered".Four runners-up were also announced, as well as 17 "people who mattered".
The runners-up were US Secretary of the Treasury Henry Paulson, French and current EU President Nicholas Sarkozy, Republican vice-presidential candidate and Alaskan governor Sarah Palin and Zhang Yimou, creative director of August's Olympic opening ceremony in Beijing.The runners-up were US Secretary of the Treasury Henry Paulson, French and current EU President Nicholas Sarkozy, Republican vice-presidential candidate and Alaskan governor Sarah Palin and Zhang Yimou, creative director of August's Olympic opening ceremony in Beijing.
"We would have had to have had some pretty compelling reasons to not chose President-elect Barack Obama," Michael Elliot, Time's international editor, told CNN.
"His is an extraordinary story which has captured the imagination of people from Jakarta to Dublin to Iowa to New Hampshire.
"There is a degree of excitement surrounding Barack Obama which we tried to capture in our choice," Mr Elliot said.
The BBC's Andy Gallacher in Washington says receiving the accolade is usually considered an honour.
But is has also been awarded to Adolf Hitler and Joseph Stalin in the past, for very different reasons.