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Tuesday, January 24, 2012

Cheat Sheet - 11 Oscar Snubs and Surprises

The Cheat Sheet

Today: IMF: Europe a Recession Threat, Obama to Push for Tax Reform, FBI Arrests Police for Racial Profiling
The Daily Beast Cheat Sheet: Afternoon

January 24, 2012
NOMINATED

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.

DOWNER

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.

SOTU

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.

SHAMEFUL

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.

COSTA CONCORDIA

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.


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.
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