For the past 86 years TIME's Person of the Year has been bestowed on the person or persons who most affected the news and our lives, for good or ill, and embodied what was important about the year. Time magazine on Wednesday named the recently re-elected U.S. President Barack Obama as its person of the year for 2012 -- the second time it has accorded him this honour. Graphic shows person of the year and selected awards since 1927.
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