Maybe Time Magazine is looking for some financial favors (bailout money) in exchange for helping Bernanke win another four-year term? If Time Magazine's financial picture is anything like the horror of The New York Times Company’s self-inflicted insolvency1, I imagine they need an influx of big Bux.
Remember at the close of 2008, Time chose President-elect Barack Obama to grace the cover as Man of the Year? Afterwards, the magazine's Washington bureau chief, Jay Carney, leaves his post to become Joe Biden's director of communication.2
Well, here it is at the close of 2009. Bernanke's first term as Fed chief expires on January 31. Obama nominated Bernanke for a second four-year term in August, and the Senate Banking Committee is due to vote on the nomination on Thursday, although the full Senate is not expected to act until sometime next month.
Time's Person of the Year selection, widely watched in U.S. media, is a distinction that analysts said would probably help Bernanke.3 So, I speculate that if Bernanke wins a second term, Time will somehow get some bail-out money and it will continue to be business as usual between the corrupt and incompetents.
Just my take on it, fwiw. :)
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1
ref: _http://www.marketoracle.co.uk/Article15296.html
_http://www.lewrockwell.com/englund/englund51.html
2
ref: _http://www.foxnews.com/story/0,2933,469365,00.html
3
ref: _http://news.yahoo.com/s/nm/20091216/ts_nm/us_time_bernanke