Time magazine has named Bill and Melinda Gates and rock star Bono its ''Persons of the Year,'' citing their charitable work and activism aimed at reducing global poverty and improving world health, reports The Associated Press. ''For being shrewd about doing good, for rewiring politics and reengineering justice, for making mercy smarter and hope strategic and then daring the rest of us to follow, Bill and Melinda Gates and Bono are Time's Persons of the Year,'' the magazine said.
Time praised the Gateses for building the world's largest charity, The Bill and Melinda Gates Foundation, which has a $29 billion endowment, and for ''giving more money away faster than anyone ever has'' this year.
Time said Bono's campaign to make rich countries address the debt of poorer ones has had an equally impressive impact on the world. This year, ''Bono charmed and bullied and morally blackmailed the leaders of the world's richest countries into forgiving $40 billion in debt owed by the poorest,'' the magazine said.
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