This year was the 85th presentation of the Academy Awards, the “academy” being the Academy of Motion Picture Arts and Sciences. Beginning with this past Sunday’s presentation the awards presentation officially changed its name to The Oscars.  According to a special report in today’s Newsbusted via Anchor Jodi Miller (see video below), we learn the name change did not have the expected result of bringing in the younger, more hip audience so the Academy announced it will be changing its name once again.  The two top contenders are “We Love Barack Obama” and “The Wealthiest 1%.” There is no word when a final decision will be made.

Other news items covered in the latest installment of Newsbusted the weekly faux news feature from (embedded below) include; how the British discovered there was horse meat in their food,  Congressional reaction to the first grader who created a gaming app, the California doctor’s shortage and much, much, more

Please make sure you watch the video below because something bad always happens to the people who don’t. Last week Jennifer Lawrence forgot to press play and she had a big fall at the Oscars. So if you don’t want to trip up (or down) you better press play.

Oh and if you cannot see the video player below please click here.