Cheat Sheet - 11 Oscar Snubs and Surprises

Today: IMF: Europe a Recession Threat, Obama to Push for Tax Reform, FBI Arrests Police for Racial Profiling January 24, 2012 NOMINATED 1. 11 Oscar Snubs and Surprises From big names left off the list—Spielberg, DiCaprio—to upset contenders like Bridesmaids’ Melissa McCarthy, The Daily Beast’s Jacob Bernstein runs down the most unexpected news from the nominations. Read it at The Daily Beast DOWNER 2. IMF: Europe a Recession Threat Just as the U.S. starts to see stronger signs of recovery, the International Monetary Fund warns that the global economy isn’t out of the storm yet. The IMF sliced its global growth forecast from 4 percent to 3.3 percent and warned that Europe’s debt crisis continues to threaten a worldwide recession. Economic activity in advanced economies is expected to expand by a sluggish 1.5 percent, not enough to bring down high unemployment rates. Read it at Reuters SOTU 3. Obama to Push for Tax Reform As the country is focused on millionaire Mitt Romney’s very low tax rate, President Obama is preparing to use his State of the Union address to argue for “tax fairness.” On the television circuit Tuesday morning, senior advisor David Plouffe touted the need for reform. "We want to reward wealth and prosperity and success. But if we're going to move forward as a country, reduce our deficit, invest in things like manufacturing and education, how are we going to pay for it?" he said on NBC’s Today show. Obama has called the proposal the “Buffett Rule,” referring to billionaire Warren Buffett’s argument that he should pay a higher tax rate than his secretary. Buffett’s secretary, Debbie Bosanek, will sit in the House gallery during the speech as a guest of the first lady. Read it at Los Angeles Times SHAMEFUL 4. FBI Arrests Police for Racial Profiling The FBI has arrested three police officers and a sergeant in East Haven, Conn., amid widespread allegations that their department treated racial minorities unfairly. The department has been under investigation after myriad accusations that police harassed Hispanic residents with false arrests and predatory traffic stops. The officers were charged with deprivation of rights, conspiracy against rights, and obstruction. The Justice Department said in a report that the officers had deliberately targeted Latinos for harassment and that there were “serious deficiencies” in the way the East Haven department was run. Read it at NBC Connecticut COSTA CONCORDIA 5. 16th Body Found in Shipwreck Italian divers found another body in the wreckage of the submerged cruise ship, the Costa Concordia, on Tuesday, bringing the official death toll up to 16. The body was found on the third-floor deck, and officials did not confirm the reports in Italian media that the body was a woman. Divers found the body as a large platform carrying a crane and other equipment hitched itself to the shipwreck as part of a preliminary operation to remove 500,000 gallons of fuel from the ship’s tank to prevent environmental disaster. Actual pumping of the fuel will begin on Saturday, in tandem with search and rescue operations. Seventeen passengers and crew members have yet to be accounted for. Read it at Associated Press On A Mission Romney Offers $1M for Newt Docs Freddie Mac contracts missing. NEXT OPRAH? WikiLeaks to Launch TV Show Julian Assange to interview “controversial voices.” DEADLY Yosemite Rockslide Kills Park Worker Key route into park closed. FRENEMIES Palin: Christie Made ‘Rookie Mistake’ When he called Gingrich “an embarrassment.” SURPRISE! Pork Can Stop Nosebleeds According to new study. GET The Cheat Sheet A speedy, smart summary of news and must-reads from across the Web. You'll love the featured original stories on politics, entertainment, and more from The Daily Beast's diverse group of contributors. GET The Yes List Weekly cultural recommendations from The Daily Beast. George Soros on the Coming U.S. Class War by John Arlidge The Right Way to Tax Mitt Romney, Part 2 by David Frum 2012 Oscar Noms: Instant Reaction by The Daily Beast

ABOUT US | CONTACT US | SUBSCRIBE Copyright 2011 The Newsweek/Daily Beast Company LLC 555 W. 18th Street , New York NY 10011 Privacy Policy

If you are on a mobile device or cannot view the images in this message, click here to view this email in your Web browser. To ensure delivery of these emails, please add thedailybeast@e2.thedailybeast.com to your address book. If you have changed your mind and no longer wish to receive these emails, or think you have received this message in error, you can safely unsubscribe here.