The latest news on Job Creation, Banking Reform, Tea Party Convention, Haiti, Bombings-Pakistan & Iraq, Afghanistan, Iraq, and Select Op-Eds.

Bank of America Charged with Fraud. Bank of America and two of its former bosses have been charged with fraud for allegedly misleading shareholders during the takeover of Merrill Lynch.

Obama & Dalai Lama. The sudden deterioration in US-Chinese relations is set to accelerate after the White House confirmed today that Barack Obama will meet the Dalai Lama in Washington later this month in defiance of Beijing.

Unemployment. The United States economy shed 20,000 jobs in January, the government said Friday, deepening concern that relief from the deepest economic downturn in a generation would be slow to come. But even as the economy struggled to start creating jobs again, the unemployment rate fell to 9.7 percent from 10 percent in December.

Quote of the Day. "Like polar bears, these high-elevation butterflies were already living in extreme environments, and now they don't have any options … Their environment is changing so quickly that they just can't cope.” Matthew Forister, a biologist at the University of Nevada-Reno who led a study of beleaguered butterflies in California. (USA Today)

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