An essential element of Greece’s recovery plan has been to collect more taxes from a population that has long engaged in tax avoidance. The government is owed 45 billion euros in back taxes, tax officials in Athens said, only a fraction of which will ever be recovered.

To understand the difficulty, just talk to Nikos Maitos, a longtime official in Greece’s financial crimes investigation unit.

When he and a team of inspectors recently prowled the recession-hit island of Naxos for tax evaders, a local radio station broadcast his license plate number to warn residents.

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“Germany should reflect quickly but deeply, and act,” Italian Prime Minister Mario Monti said late last week.

Few Germans, however, share that sense of urgency. With German unemployment at a 20-year low and falling, and the country’s economy continuing to grow despite the debt crisis, not many Germans see the crisis as a threat to their way of life.

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Faced with slowing growth in its advertising business, Facebook is considering throwing open its social network to children, in the hope that their parents will pay for games and other content on the site.

The plan is also designed to limit the company’s legal risk over the already-widespread use of the site by minors, millions of whom might be on Facebook after lying about their age.

News that chief executive Mark Zuckerberg, pictured, is considering legitimising and expanding the use of the site by children comes as Facebook shares fall further below their flotation price. The stock slipped below $27 in early trading in New York yesterday, compared to the $38 at which they were sold to new investors two-and-a-half weeks ago, as investors continued to fret about slowing advertising income from its website and the even narrower options for monetising traffic on its mobile site.

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“I voted for [Walker] in 2010 because I realized we have to do something about the deficit. I voted for him in the recall because I don’t believe recall elections are meant for what they’re doing with it,” said Katy Tomlanovich, who teaches at Northeast Wisconsin Technical College. She said recall elections should be reserved for politicians who commit gross malfeasance, not for those who make unpopular decisions.

Tomlanovich said she plans to vote for Obama in November but cast a ballot for the Republican on Tuesday. “Scott Walker is actually doing something about [spending], and I think he should be allowed to serve the rest of his term.”

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Everyone seems to have an opinion on what the vote in Wisconsin means for national politics.

But beyond the issue of whether Scott Walker’s survival puts Wisconsin in play in November, his victory represents an example of the way politicians in our most pressed states are sorting themselves as they confront this long fiscal downturn. Increasingly they fall into two camps: those willing to undertake tough reforms in the face of severe fiscal restraints that don’t appear likely to improve anytime soon, and those who continue to put off the difficult decisions even as their states’ balance sheets deteriorate and investors grow wary of their budget instability.

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Scott Walker became the nation’s first governor ever to survive a recall election ”“ and it was not as close as many predicted. With over 99-percent of the vote counted, the Republican Walker led Democrat Tom Barrett 53-to-46 percent, with Brookfield kidney specialist Hari Trivedi getting the other one-percent.

Walker’s victory margin was slightly bigger than when he first defeated Barrett in 2010.

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Exactly 30 minutes into the problem-solving the researchers interrupted each group. They entered the room bearing a plate of cookies. Four cookies. The team consisted of three people, but there were these four cookies. Every team member obviously got one cookie, but that left a fourth cookie, just sitting there. It should have been awkward. But it wasn’t. With incredible consistency the person arbitrarily appointed leader of the group grabbed the fourth cookie, and ate it. Not only ate it, but ate it with gusto: lips smacking, mouth open, drool at the corners of their mouths. In the end all that was left of the extra cookie were crumbs on the leader’s shirt.

This leader had performed no special task. He had no special virtue. He’d been chosen at random, 30 minutes earlier. His status was nothing but luck. But it still left him with the sense that the cookie should be his.

This experiment helps to explain Wall Street bonuses and CEO pay, and I’m sure lots of other human behavior. But it also is relevant to new graduates of Princeton University.

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From mid-1987 until the Great Recession, the employment-to-population ratio of 25- to 54-year-olds usually ranged from 78.5% to 80%. It never fell below 78.2% even during the 1990-91 and 2001 slumps.

But now, three years after the recession ended in June 2009, that ratio stands at just 75.7%.

“This is probably a better measure than the unemployment rate,” said James Sherk, senior policy analyst in labor economics at the conservative Heritage Foundation. “There are so many people dropping out of the job market and the unemployment rate, bad as it is, doesn’t pick that up. The ratio gives a better idea of employment opportunities.”

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Europe is at the abyss ”” again. Its turmoil is rattling global stock markets and stoking fear and bewilderment. The obvious question is, what’s the solution? The answer is, there is no solution. Europe faces choices, some bad and others worse. Unfortunately, it’s unclear which are which. The best that can be imagined is that Europe lurches from crisis to crisis and that its slumping economy weakens the already fragile global recovery. The worst is a massive flight from the euro and an economic free fall that resurrects the dark days of 2008 and 2009.

Can anyone doubt that the euro’s creation in 1999 was a huge blunder? It aimed to promote European prosperity and unity, but it’s doing just the opposite. The very belief in its early success reduced interest rates in Europe’s periphery (Greece, Portugal, Spain, Ireland, Italy). Low rates fed credit booms and housing bubbles that, once burst, caused recessions and swollen budget deficits.

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Watch it all–if it doesn’t bring tears to your eyes, something is wrong.

….starting today we’ll notify users in mainland China when they enter a keyword that may cause connection issues. By prompting people to revise their queries, we hope to reduce these disruptions and improve our user experience from mainland China. Of course, if users want to press ahead with their original queries they can carry on.

In order to figure out which keywords are causing problems, a team of engineers in the U.S. reviewed the 350,000 most popular search queries in China. In their research, they looked at multiple signals to identify the disruptive queries, and from there they identified specific terms at the root of the issue.

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Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday.

“We are at an inflection point. After the expiration of the three months’ window, the markets will continue to demand more but the authorities will not be able to meet their demands,” he warned in a speech at the Festival of Economics in Trento, Italy. (Read the text of his speech.)

The European Union is “like a bubble” ”“ not a financial bubble but a political bubble — that could pop as a result of the euro -zone crisis, Soros said.

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…the universalization of a Facebook-powered world is also worrisome. For all the good that comes when we take control of our Facebook accounts and use them for proactive outreach and connection, just as much damage occurs when we allow our accounts to control us, pulling us further apart from the people who are very close by.

For me, and most others of my generation, Facebook strengthened my ability to forge countless “weak ties” at the expense of fewer, but stronger, relationships. Posting regular updates coached me to write rapidly for a faceless mass audience and craft my publicly promoted identity as if it were a brand.

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On consecutive days last week, two of the most powerful figures in Europe ”” Mario Draghi, president of the European Central Bank, and Olli Rehn, the most senior economic official in Brussels ”” warned that the future of the euro zone was in doubt. In the words of Mr. Rehn, the union might well disintegrate unless policy makers took steps to bind the euro’s 17 nations closer together.

Coming as they did from two men at the very soul of the European project, the reprimands were a stark reminder of just how much the Spanish financial meltdown had shaken the confidence of the European brain trust, to say nothing of investors from New York to Beijing.

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The PACHA resolution states that only programs with the best scientific information be funded, and that the government should uphold the rights of young people to have access to information in order to make healthy and responsible decisions about their sexual health.

The UCC officials issued objections in their Friday endorsement, however, specifically $5 million in abstinence-only-until-marriage programs.

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Job growth was weak in May. Just as bad: the type of jobs the economy did manage to add….

…the job growth is coming entirely from workers getting part-time jobs. The number of Americans working full-time fell by 266,000 in May, erasing all the gains of the past three months. The total employment figure only rose because 618,000 more people got part-time jobs. Many of those people would rather be working full-time: The number of people classified as “part time for economic reasons” ”” meaning they’re working part-time because they can’t find a full-time job ”” rose by 245,000 to 8.1 million.

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…the diversity of the Washington economy is an illusion, for each of its business sectors is to some degree a creature of the region’s single great industry–the federal government. According to a 2007 report by the Tax Foundation, for every dollar in taxes Washington sends to the federal government, it receives five in return. Fuller says that over the past 30 years, the federal government has spent $860 billion in the D.C. region, two-thirds of that since 9/11.

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The recession ended and the recovery began in June, 2009. It’s an ugly third birthday for the labor market

More than 7 million U.S. jobs disappeared during the recession. Fewer than 3 million have been added in the recovery. And the rate of job growth has been falling lately; in May, the economy added just 69,000 jobs. That’s not even enough to keep up with population growth.

Read it all and look at all the visual displays.

The euro faces ‘disintegration’ unless European governments do much more to work together, the European Commission has warned.

Olli Rehn, the economics commissioner, gave the warning as Mario Draghi, the head of the European Central Bank, criticised national leaders for a “lack of action” to help the single currency out of its crisis.

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The United States economy gained a net 69,000 jobs in May, the Labor Department said Friday, a dismal showing that reflected mounting evidence of a global slowdown. The unemployment rate rose to 8.2 percent from 8.1 percent in April, but largely because more people began looking for work.

The report, which came in at less than half what analysts had expected and was the lowest number of net jobs created in a year, was potentially devastating for President Obama as he faces reelection and creates increased pressure on the Federal Reserve to expand its stimulus campaign.

As the third disappointing performance by the job market in three months, for many it served as confirmation that the economic recovery has once again lost momentum.

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Speaking to the BBC’s Newsnight, Dr Rowan Williams raised concerns about the gap between rich and poor and the lack of cultural cohesion in the UK….

“There have been moments in the last decade and more when, perhaps, we might have been able to take a different line,” he said.

He was referring to the way the British think and feel as a society and told Newsnight’s Stephen Smith that British society had “put up the shutters” and retreated into “corporate paranoia” in the wake of terrorist threats.

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Demand remains for people with complex skills, like software engineering or the ability to read X-rays. There is also demand for people to take jobs that require less skill, like cleaning and waiting tables. It’s the jobs in the middle that are being squeezed ”“ sales, administration, assembly positions, for example.

Economists have a term for this phenomenon: labor polarization.

“What’s happening is we’re getting jobs at both ends of the spectrum,” says Howard Rosen, a research fellow at the Peterson Institute for International Economics.

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In the 1990s, the term “digital divide” emerged to describe technology’s haves and have-nots. It inspired many efforts to get the latest computing tools into the hands of all Americans, particularly low-income families.

Those efforts have indeed shrunk the divide. But they have created an unintended side effect, one that is surprising and troubling to researchers and policy makers and that the government now wants to fix.

As access to devices has spread, children in poorer families are spending considerably more time than children from more well-off families using their television and gadgets to watch shows and videos, play games and connect on social networking sites, studies show.

This growing time-wasting gap, policy makers and researchers say, is more a reflection of the ability of parents to monitor and limit how children use technology than of access to it.

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As Uganda gears up for the 50th independence jubilee, bishops from the Catholic, Anglican and Orthodox faiths have called on spiritual leaders and politicians to advocate for unity and love to promote peaceful coexistence among Ugandans.

The bishops under Uganda Joint Christian Council (UJCC) came together for a prayer pilgrimage at the Catholic and Anglican shrines in Namugongo Wednesday ahead of Uganda Martyrs’ Day due June 3rd.

The historic day is marked in memory of the 45 Catholic and Anglican martyrs who were murdered on the orders of Kabaka Mwanga of Buganda for refusing to forsake their faith between 1885 and 1886.

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For many Americans, [Dick Meyer, author of the 2008 book Why We Hate Us: American Discontent in the New Millennium]…says, the challenge of near total life freedom …has been that shedding old ties and traditions turns out to be easier than finding meaningful new ones; forming a modern ‘lifestyle’ often ends being narcissistic and consumerist.”

This choice overload, Meyer says, “has proven to be spiritually hollow. We’ve found nothing to replace community, hard morality, religion and vocational pride to guide us through life. We’re existentially in the dark.”

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The euro crisis drags on and on. Spanish yields on ten-year debt hit 6.6% on May 30th, just ten basis points lower than last November’s nadir, as the costs of sorting out Spain’s banks sink in. With ten-year US Treasuries now at a 60-year low, investors are heading across the Atlantic for the perceived safety of the world’s second-largest debt market. According to The Economist’s credit-crunch index, credit is now tighter in the euro area than it was at the height of the financial crisis

Read it all and make sure to see that chart on the top left.

All eyes were fixed Wednesday on Spain, as the country’s borrowing costs showed no signs of slowing their climb amid nervousness about the health of the banking sector and the possibility of the crisis spreading to other euro countries.

Europe’s economic stagnation and continuing financial turmoil in the euro zone have weighed on confidence, the European Commission said Wednesday. The commission’s indicator of business sentiment in the 17-nation euro zone fell in May to 90.6 from April’s revised 92.9. The decline, it said, “was driven by falling confidence in all business sectors, especially in industry and retail trade.”

Jonathan Loynes, an economist in London with Capital Economics, noted that the sentiment data showed “acute weakness across the peripheral economies,” but that the Dutch, French and Germans were also less optimistic. He described it as “overall, an unambiguously weak picture which only looks likely to get worse as the debt crisis continues,” and predicted that euro zone gross domestic product would decline by 1 percent this year, with 2013 “likely to be much worse.”

Read it all. Also, if you want a single picture to keep an eye on, it is the Spanish German 10 year spread which you may see there (yes, that is correct, it is at all all time high).

The American Dream is a crucial thread in this country’s tapestry, woven through politics, music and culture.

Though the phrase has different meanings to different people, it suggests an underlying belief that hard work pays off and that the next generation will have a better life than the previous generation.

But three years after the worst recession in almost a century, the American Dream now feels in jeopardy to many….

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The number of Americans and Canadians being cremated upon their deaths is rising sharply, according to data collected by the Cremation Association of North America. Both countries lag far behind Britain, where funeral directors confronted the shift decades ago.

Americans are more conservative and religious in their attitudes towards the final disposition of their loved ones than Britons, death care industry experts say.

Evidence for that can be seen in the regional breakdown: Cremation is least prevalent in the so-called “Bible belt” states of the South-East….

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”¢ NCA currently maintains approximately 3.1 million gravesites at 131 national cemeteries in 39 states and Puerto Rico, as well as in 33 soldiers’ lots and monument sites.

Ӣ Approximately 380,000 full-casket gravesites, 112,000 in-ground gravesites for cremated remains, and 130,000 columbarium niches are available in already developed acreage in our 131 national cemeteries.

”¢ There are approximately 20,000 acres within established installations in NCA. Nearly 60 percent are undeveloped and ”“ along with available gravesites in developed acreage ”“ have the potential to provide approximately 5.6 million gravesites.

Ӣ Of the 131 national cemeteries, 72 are open to all interments; 18 can accommodate cremated remains and the remains of family members for interment in the same gravesite as a previously deceased family member; and 41 will perform only interments of family members in the same gravesite as a previously deceased family member.

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