By Hindustan Times
Time magazine on Wednesday named the recently re-elected US President Barack Obama as its person of the year for 2012 -- the second time it has accorded him this honor.
The venerable American news magazine said the United States is in the midst of huge cultural and demographic changes and Obama is "both the symbol and in some ways the architect of this new America."
The magazine noted that Obama was the first president since Franklin Delano Roosevelt to win more than 50 percent of the vote in two straight elections and the first since 1940 to be re-elected despite a jobless rate above 7.5 percent.
Obama beat Republican Mitt Romney soundly in November's election to win a second four year term.
"In 2012, he found and forged a new majority, turned weakness into