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President Barack Obama (Photo by Chip Somodevilla/Getty Images) | Gabrielle Douglas (Photo by Ronald Martinez/Getty Images) | Jay-Z (Photo by Peter Macdiarmid/Getty Images)

TIME magazine has released its shortlist for 2012′s Person of the Year and it looks like President Barack Obama has a chance to reclaim his 2008 title.

The annual issue, usually published in December or January, features a person, group or idea editors believe have “most affected the news and our lives, for good or ill, and embodied what was important about the year.”

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