Time names Obama 'Person of the Year'

NEW YORK (AP) -December 17, 2008

The magazine has named Treasury Secretary Henry Paulson, French President Nicolas Sarkozy, Gov. Sarah Palin and Chinese director Zhang Yimou as runners-up.

Last year's winner was Russian Prime Minister Vladimir Putin. Previous individual winners have included Bono, President George W. Bush and Amazon.com CEO and founder Jeff Bezos.

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