Bernanke named 'Person of the Year'

Time magazine names the Federal Reserve Chairman as its 2009 Person of the Year.

    Bernanke has been praised and criticised for
    his handling of the recession [AFP]

    The saviour?

    "The recession was the story of the year. Without Ben Bernanke ... it would have been a lot worse," Richard Stengel, Time magazine's managing editor, said in a statement on Wednesday.

    special report

      We look at the implications of the world economic crisis
      Counting The Cost: Watch Al Jazeera's weekly business show
      Fault Lines: The Colour of Recession

    "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," he said.

    The magazine also considered the first woman Speaker of the US House of Representatives, Nancy Pelosi, and Nato's Commander in Afghanistan, General Stanley McCrystal, for the award.

    Other previous title-holders have included U2 frontman Bono, former US President George Bush, and Amazon.com CEO and founder, Jeff Bezos.

    Bernanke was sworn in as Federal Reserve chairman in February 2006.

    He is a former Princeton University professor and an expert on the Great Depression.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.