Clinton 'Man of the Year'

NEW YORK (AP) - President-elect Bill Clinton, stepping into office at what Time calls a 'radically unstable moment in history', is the magazine's 'Man of the Year' for 1992. In an interview accompanying the cover story, Mr Clinton cites global instability as one of his main concerns. 'We are seeing the flip side of the wonder of the end of Cold War,' he said.

Time annually recognises the person, people or object considered to have had the greatest impact on world events. It said: 'The election has made the Arkansan the most powerful man in the world - and therefore the most important - at a radically unstable moment in history, with the Cold War ended, the world economy in trouble and dangerous, heavily armed nationalisms rising around the globe.'