Time magazine's 'Person of the Year' is Russian president Vladimir Putin! Congrats Vlad! The guy has restored relative economic stability to one of the most fascinating countries of our time and his loose interpretation of term limits and free speech make him a political lightning rod. Over the last several decades, we've come to rely on 'Time' to put someone admirable and fairly easy to digest on the last cover of the year—the Pope, American women, the computer! The last time the magazine chose a less than popular figure, it was Ayatollah Khomeini in 1979; readers were so outraged that many canceled their subscriptions.