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Obama: TIME's Person of the Year

US President Barack Obama was elected as TIME's Person of the Year for 2012, quoting his notable re-election last month as symbolic of the nation's varying demographics amid the setting of high redundancy and other challenges.

TIME editor Rick Stengel publicizes the choice on a program on Wednesday. "He's chiefly the beneficiary and the novelist of a brand new America and a new demographic, a new civilizing America that he is now the mark of," he said.

"He won re-election in spite of a higher unemployment rate than anybody's had to mug in essentially in 70 years. He's the first Democrat to truly win two successive terms with over 50 percent of the vote. That's a little we haven't seen since Franklin Delano Roosevelt," Stengel said, quoting the president who served through the Great Depression and World War Two.

Obama rimmed out Malala Yousufzai, a Pakistani girl shot in the skull by the Taliban for advocating girls' teaching, for the honor, Stengel said.

Other finalists incorporated Apple Chief Executive Tim Cook, Egyptian President Mohamed Morsi and scientist Fabiola Gianotti, he added.

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