For the second time, President Barack Obama has been named Time’s Person of the Year. Announced on the Today show, the president was chosen amongst a shortlist that included Malala Yousafzai, a Pakistani teen advocate for education, who was shot by the Taliban; Egyptian president Mohamed Morsi, who took office after last year’s Arab Spring protests; and even Bill and Hillary Clinton. Time’s White House correspondent, Michael Scherer, shed light on the decision, noting the quantifiable “Obama effect.” “It could be measured – in wars stopped and started; industries saved, restructured or reregulated; tax cuts extended; debt levels inflated; terrorists killed; the health-insurance system reimagined; and gay service members who could walk in uniform with their partners,” he explained in an essay. The Obama effect has gone even further as Michelle Obama has made a splash since they first hit the campaign trail. Publications the world over have taken note of her every sartorial step, especially after launching Jason Wu’s career into the stratosphere at Obama’s inauguration in 2008. Needless to say, we’re sure to feel their collective influence for the next four years!