"Ben Bernanke has been approved to serve a second four-year term as chairman of the US Federal Reserve, the country's powerful central bank."
The news elements of timeliness and prominence are dominant in the news lead from this BBC News story on the re-appointment of Federal Reserve Chairman Ben Bernanke. The lead is fairly detailed, including Bernanke's full name, the proper title of the U.S. central bank, the length of the appointment term, and an allusion to the bank's power. This is a straightforward hard-news lead, including exclusively the "what", "who", and "when" of the story. 'Where" is omitted from the lead because it is not vitally important, and because proximity is not a prominent news value for this story.