National

Good morning, here are our early stories:

UBS To Pay $1.5 Billion For 'Routine And Widespread' Rate Rigging.

President Obama Is 'Time' Magazine's 'Person Of The Year'.

Some of today's headlines and news about the shootings at an elementary school in Newtown, Conn., last Friday. Twenty children and six adults were killed by the gunman who attacked Sandy Hook Elementary:

Writing that "after four of the most challenging years in the nation's history, his chance to leave office as a great president who was able to face crises and build a new majority coalition remains within reach," Time magazine has named President Obama its "person of the year."

The others on Time's "short list" were:

Swiss banking giant UBS AG has agreed to pay $1.5 billion in fines to regulators in the U.S., Britain and Switzerland for its part in a scheme to manipulate the London interbank offered rate (LIBOR), which is used to set rates on contracts around the world.