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Now Playing: 06-04-12 Marketplace

Just a few weeks ago, the American economy seemed to be on an upswing, but now people are starting to throw the R-word around again. Meanwhile, the European Union seems to be on the verge of collapse. Kai Ryssdal talks to the New York Times' Paul Krugman about the possibility of global recession. Some are arguing England's Diamond Jubilee celebration for Queen Elizabeth II is inappropriate considering the country's budget woes. And our series Food for 9 Billion continues with a look at Africa and its needs for good, quality dirt.