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Posts Tagged ‘Michael Grunwald’

Time Names Bernanke Person Of The Year

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Time magazine’s managing editor Richard Stengel was on the “Today” show this morning to (finally) announce the magazine’s Person of the Year: Federal Reserve Chairman Ben Bernanke.

personoftheyear.jpgThe Person of the Year issue, due on newsstands on Friday, features the first full, on-the-record print interview with Bernanke since he was named chairman of the Fed. Said Stengel of the cover and cover story: “It’s a throwback cover. It’s like a Person of the Year cover from the 1940′s or 50′s. It’s a great, great story by our senior correspondent Michael Grunwald. And it’s basically about who is influencing how the economy operates.”

Adds Grunwald in the magazine:

“The main reason Ben Shalom Bernanke is Time‘s Person of the Year for 2009 is that he is the most important player guiding the world’s most important economy. His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future.”

The Person of the Year package also includes interviews with the Person of the Year runners-up: Nancy Pelosi, General Stanley McChrystal, Usain Bolt and “the Chinese worker,” — represented by five factory workers in China.

Read more: Person of the Year 2009Time

Previously: Gearing Up For Time‘s Person Of The Year Announcement

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Time Mag to California: Swoon, You’re So Awesome

1101030818_400.jpgMichael Grunwald at Time pens a fawning piece about how great California is:

Ignore the California whinery. It’s still a dream state. In fact, the pioneering megastate that gave us microchips, freeways, blue jeans, tax revolts, extreme sports, energy efficiency, health clubs, Google searches, Craigslist, iPhones and the Hollywood vision of success is still the cutting edge of the American future – economically, environmentally, demographically, culturally and maybe politically. It’s the greenest and most diverse state, the most globalized in general and most Asia-oriented in particular at a time when the world is heading in all those directions. It’s also an unparalleled engine of innovation, the mecca of high tech, biotech and now clean tech.

Shut up. We would like our home prices to go down a little more before the word gets out about this place. Have some decency.