President Obama Jokes About Being a Bad Bowler: 'It's Like the Special Olympics'  —  The first appearance by a sitting president on “The Tonight Show” may well end up being the last.  —  President Obama, in his taping with Jay Leno Thursday afternoon, attempted to yuk it up with the funnyman, and ended up insulting the disabled.

Geithner: Treasury pushed for bonus loophole  —  (CNN) — Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.

Palin rejecting federal stimulus money  —  From Sean Cockerham in Juneau -  —  Gov. Sarah Palin just told reporters that she's accepting only 55 percent of the federal economic stimulus money being offered to Alaska.  The governor said that she will accept only about $514 million of the $930 million headed to the state.

Gordon Brown is frustrated by ‘Psycho’ in No 10  —  While not exactly a film buff, Gordon Brown was touched when Barack Obama gave him a set of 25 classic American movies - including Psycho, starring Anthony Perkins on his recent visit to Washington.  —  Alas, when the PM settled …

Obamas to Plant White House Vegetable Garden  —  WASHINGTON — On Friday, Michelle Obama will begin digging up a patch of White House lawn to plant a vegetable garden, the first since Eleanor Roosevelt's victory garden in World War II.  There will be no beets (the president doesn't like them) but arugula will make the cut.

A message to Iran  —  Featured Topics: - Barack Obama - Presidential Transition  —  Here's some unusual direct diplomacy: A video message to the people of Iran on the Iranian new year.  —  “I would like to speak directly to the people and leaders of the Islamic Republic of Iran,” Obama says, before addressing the government.

NKorea reportedly detains 2 US journalists  —  SEOUL, South Korea (AP) — Two American journalists were missing Friday after they reportedly were detained by North Korea for ignoring warnings to stop shooting footage of the reclusive country.  —  Journalists Laura Ling and Euna Lee …

Carol Baum: Welfare CEOs are Just Like John Galt  —  Bloomberg columnist Carol Baum puts together a baffling analogy: … Atlas Shrugged is a stupid book, Ayn Rand is a stupid woman, and John Galt's ideas are stupid.  That said, none of them are nearly this stupid.

AUDIO: Arnold on Obama: ‘Beautiful’  —  LOS ANGELES - “When have you ever seen a president be that out there?”  —  That was a mesmerized Arnold Schwarzenegger after Obama's town hall meeting.  —  “I've never seen that,” Schwarzenegger said to a couple reporters as he and his wife, Maria Shriver, tried to make an exit.

Why President Obama skipped ‘Meet the Press’  —  Moderator David Gregory, center, of “Meet the Press,” hasn't lived up to the Tim Russert legacy.  (Getty Images)  —  THE SHOW “Meet the Press,” hosted by David Gregory.  —  REASON TO WATCH That is the question, and one President Barack …

Obama returns to campaign-style tactics for budget  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Turning to his vast political network for the first time since the November election, President Barack Obama is asking his supporters to use election-style tactics …

A.I.G. Sues U.S. for Return of $306 Million in Tax Payments  —  While the American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore tax havens.

Madoff Employee Breaks Silence  —  The Shocking Teen Rape Double Standard by Constantino Diaz-Duran  —  Blogs and Stories  —  In a Daily Beast exclusive, one of the fraudster's employees tells Lucinda Franks that the supposedly legitimate brokerage operations were in fact just money-losing fronts for the fraudster's scheme.

Report: Energy contributing to birds' decline  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Energy production of all types — wind, ethanol and mountaintop coal mining — is contributing to steep drops in bird populations, a new government report says.

Who Doesn't Love The JournoList?  —  How great is the JournoList, that off-the-record electronic salon where liberal journalists and policy gurus can exchange views, and which is emphatically *not* an echo chamber?  —  Let's see - Matt Yglesias of JL on the AIG furor - it's a distraction:

FRANKENSTEIN  —  I had heard this AIG bonus bill described as being more or less narrowly tailored to claw back AIG's bonuses.  That in fact was why some people were saying it might amount to some sort of unconstitutional action since it focused on a narrow class of individuals.