Obama Delivers a Populist Challenge: Shrink Gap between Rich, Poor – My Way   “Obama outlined a vastly different vision for fixing the country than the one pressed by the Republicans confronting him in Congress and fighting to take his job in the November election. He pleaded for an active government that ensures economic fairness for everyone, just as his opponents demand that the government back off and let the free market rule.”

S&P Likely to Declare Greece in Default – Reuters   “Standard & Poor’s will likely downgrade Greece’s ratings to ‘selective default’ when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.”

IMF Chief Lagarde: Economies Outside of Europe Have Troubles Too – MoneyNews   “‘The eurozone is not the only one that needs to face the resolve to address its difficulties. Other places in the world need to also face difficulties. The United States, for instance, has to look at its deficit forecast, it has to change its debt trajectory and has to end this very sterile debate about debt ceiling that produced no significant and longstanding outcome,’ Lagarde tells CNBC.”

Obama the Promise Breaker: 2011 Was No Sputnik Moment, It Was the President’s Solyndra Moment – Washington Times   “Mr. Obama insisted last January that he had the smart plan for winning the future and that we had arrived at ‘our generation’s Sputnik moment.’ By that, he meant his administration would invest taxpayer money in clean-energy technology to protect our planet and create countless new jobs. It turns out 2011 was not a Sputnik moment. Instead, it was Mr. Obama’s Solyndra moment.”

Why China Wants a Piece of the U.S. – CNN   “Chinese entrepreneurs are increasingly looking to the U.S. for a taste of the American Dream.”