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"President Barack Obama has been named Time Magazine&amp;#039;s Person of the Year-the second time he received the honor since the historical 2008 election. Time explains that the two-time honoree received the title four years ago for winning against the odds to become the first black president of the United States. This time he was chosen for his role as both a political and a cultural figure. &amp;quot;There has been much talk of the coalition of the ascendant-young people, minorities, Hispanics, college-educated women-and in winning re-election, Obama showed that these fast-growing groups are not only the future but also the present,&amp;quot; blogged Time&amp;#039;s managing editor Richard Stengel. &amp;quot;If his win in 2008 was extraordinary, then his 2012 victory is a confirmation that demographic change is here to stay.&amp;quot; Michael Scherer, White House correspondent for the magazine and author of the Person of the Year piece on the president, described the change as &amp;quot;the Obama effect.&amp;quot; He said that Obama&amp;#039;s successes, from &amp;quot;industries saved&amp;quot; to &amp;quot;the health-care system reimagined,&amp;quot; are quantifiers of the country&amp;#039;s progression under the president. The magazine&amp;#039;s editors collectively wrote of the president: &amp;quot;For finding a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is TIME&amp;#039;s 2012 Person of the Year.&amp;quot; The title was created in 1927 (formerly known as Man of the Year) to honor the person or thing that has most influenced the events of the year, for better or worse. Last year it was &amp;quot;The Protester,&amp;quot; and this year, other nominees included the Pakistani teenager and education rights activist Malala Yousafzai, Apple CEO Tim Cook, Egyptian President Mohamed Morsi, Italian physicist Fabiola Gianotti and Bill and Hillary Clinton.  To learn more about Time&amp;#039;s Person of the Year, click here. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.womansday.com/life/news/a46689/president-barack-obama-named-time-magazines-person-of-the-year/>