Week of June 11th, 2012

Greeks are deciding on their next political leaders today – and, not incidentally, the fate of the eurozone. If Greeks reject austerity, many are predicting a worldwide financial panic. Here's what you need to know.

Coming soon to your Internet browsing experience: .beer, .love and .app. Companies have submitted applications for more than 1,400 new top-level domain names. Those are the suffixes that come at the end of a web address, where we have .com and .org now. How will that change your Internet browsing experience? Plus, impressing your friends by buying tastemaker stock.

Happy Father’s Day! We talk to a few fathers about the changing role of men in the family. And forget the politicians and pundits. In pubs across the eurozone, real people are talking about who to blame for the euro crisis. One answer? The banking system. Our man in London walks into a bar. Several, actually. Plus, the simple way one family figured out whether mom or dad would stay home with the kids. And we explore a problem plaguing moms, dads, pretty much all of us: food expiration dates.

This weekend Greece will hold crucial elections that may determine its future in the eurozone, we lay out the possible Monday morning scenarios. A barbershop quartet and the countries of the eurozone have much more in common than you think. Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University. With few regulatory teeth, the new Consumer Financial Protection Bureau continues to carve out a role as the place people go to air financial grievances.

The Obama administration announced today that it’s going to stop deporting young immigrants whose parents brought them to this country illegally as children. This means hundreds of thousands of people could qualify for temporary work status. We get reaction from an undocumented young woman. Father’s Day is this Sunday and you have more to thank your dad for than you probably thought — turns out how well you do in life has a lot to do with how well your dad did. Plus, we look into the costs of raising a child. And reporter Stephen Beard wraps up his A Man Walks Into a Bar series in Greece.

Americans have less economic mobility across generations than those in most other rich developed countries.

Annual disclosure forms show investments, liabilities, and other sources of income. This week's filings were the last before a broader new rule goes into effect.

This weekend Greece will hold crucial elections that may determine its future in the eurozone, we lay out the possible Monday morning scenarios. A barbershop quartet and the countries of the eurozone have much more in common than you think. Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University. With few regulatory teeth, the new Consumer Financial Protection Bureau continues to carve out a role as the place people go to air financial grievances.

A singing group and the countries of the eurozone have much more in common than one might think.

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Jamie Dimon's testimony this week has been sliced and diced in the financial press, and for the most part Dimon got off easy. But his scariest statement – that JP Morgan was planning to make money in a global credit crisis – now seems the most interesting and prescient.

City leaders have gathered in Orlando to discuss the state of the economy from the ground level.

With few regulatory teeth and partisan fighting over its budget, the new Consumer Financial Protection Bureau continues to carve out a role as a place people go to air financial grievances.

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A father tackles the difficult question of how to dole out allowance to his children.

Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University.

Aeralist Nik Wallenda's walk across Niagara Falls is expected to bring tourism dollars to a New York town's struggling economy.

The list of applications for new top level domains has been released. What'll the rush of new web addresses mean to you?

That title would actually go to a Chinese online gaming company.

Reviewing the week's headlines on Wall Street and beyond. This week: The state of Greece and the eurozone and the Jamie Dimon testimony in front of the Senate.

The general election in Greece this weekend could shape the pace of the world economy for months to come. What will we know and what won't we know after the polls close in Greece Sunday?

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An amendment in the current Farm Bill would keep government protection for popcorn crops. Popcorn is a tiny kernel in U.S. agriculture, but without the subsidy prices of your favorite movie snack could rise.

There are a lot of different dates on the food you buy at the grocery store. Learn how to decipher them and how to save food and money.

Spending summers working for no money seems like something students must do to land a job after graduation. But author Ross Perlin says there's more value in flipping burgers during the school break.

Would you investigate the trajectory of a single dollar bill? Let me explain. So you go to the store and buy things, then you pay with a $100 bill. What happens to that note? In a nutshell, my question is: What is the route that a single bill takes? How does it circulate? How far can it travel? Homero, Sacramento, CA

The spotlight is on Greece, where elections could determine its future in the eurozone. How are Greeks feeling about their future?

Fathers around the country share their best Father's Day memories with us.

A scary new survey from the Federal Reserve shows the average U.S. family's wealth plunged during the recession.

Twenty-one-year-old Reyna Wences on why she doesn't think the Obama administration's immigration announcement today goes far enough.

More fathers around the country share their best Father's Day memories with us.

Under a new policy, many illegal immigrants who came to the U.S. as children will be able stay in the country and work.

This weekend Greece will hold crucial elections that may determine its future in the eurozone. The results will test global markets and Germany's pro-austerity resolve.

Next week world leaders will meet for the U.N. Conference on Sustainable Development to figure out how to improve the well-being of people around the world without wrecking the planet in the process.

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The big story today is Europe and the upcoming Greek elections. Analysts are trying to make sense of what the results will mean for other markets around the world.

Top earners are able to spend more, boosting their children's odds for future success.

Coca-Cola is trying to get one step closer to buying the whole world a coke. This morning the company announced plans to re-enter Myanmar for the first time in more than 60 years.

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Anonymous has risen from an obscure collection of pranksters to arguably the most powerful and mysterious computer hacking group operating today. A new book examines the hacking collective, where it came from and where it’s going. Turns out there’s a lot of e-drama and infighting in the group, and the culture is akin to outlaw cowboys in the Wild Wild West. Still, the decentralization gives them a lot of power. Plus, debating pros and cons of owning an original Apple computer.

The World Bank’s outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what’s billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.

The future isn’t looking too bright for the diesel fuel industry — experts from the World Health Organization say that fumes from the fuel can cause lung cancer. Meanwhile, Nokia says it’s going to layoff 10,000 people. Gallup reveals its latest data on what Americans feel about the Affordable Health Care Act. We hear about the enticing scent of money. Reporter Stephen Beard stops into a pub in Berlin, Germany, to check in on the country’s economy. And a new app looks to help manage and fix potholes in the streets of Boston.

A new book examines the hacking collective, where it came from and where it’s going.

The U.S. agency that monitors drugs in sports has filed new doping charges against Lance Armstrong. Philanthropy expert Sandra Miniutti tells us what happens when bad press hits a charity's figurehead.

This week, Bank of America became the latest bank to make a sustainability pledge. The New York Times suggests this a way for Wall Street to restore its image. But, instead, could it just be a savvy investment strategy?

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Germany has been the paymaster during the euro crisis, shoring up its weaker neighbors. Do ordinary Germans support this role?

Starboard Venture has a 5 percent stake in the company. Now it wants three seats on the board of directors.

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The L.A. Kings are celebrating their Stanley Cup victory with a parade in Los Angeles today, and fans are ponying up for team merchandise. But will the Kings actually benefit from the sales?

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Boston has a new app that lets drivers locate bad bumps, and sends pothole fix-it lists to city workers.

I have been paying down my debt using the snowball method. I'm making great headway and have cut my debt load in half in 3 years. I'm at a point where I need to choose between a home-equity loan with a variable rate (currently at 4.24 percent but eligible for tax deductions) and a car loan at 3.5 percent fixed. Which makes more sense to pay down? Scott, Chatham, MI

Does money have a unique smell? We explore the scent of fresh (and not so fresh) dollar bills and how some dogs can recognize the smell of greenbacks.

The Supreme Court is about to hand down its decision on the health care reform bill. Gallup's Frank Newport reveals what Americans think.

The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what's billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.

Any day now, the Supreme Court decision on the Affordable Care Act will come down. Two years since the act was passed, what do American's think of the reforms?

The WHO elevated diesel's status to "known carcinogen" and warned that the fumes are a greater risk for lung cancer than secondhand cigarette smoke.

Commentator Todd Buchholz says we just need to go there on vacation.

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The agency that monitors drugs in sports is bringing formal doping charges against cyclist Lance Armstrong. Armstrong has denied the allegations, but how will the charges affect his charitable organization Livestrong?

Once-dominant Nokia is struggling to shift from cell phones to smartphones. The layoffs come on top of 30,000 job cuts Nokia has announced since 2010.

The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Listen to our full interview with him here.

Ahead of what's billed as a major speech by Barack Obama in Cleveland, democratic strategists want the president to change his message to acknowledge slow growth.

The Group of 20 top economic powers meets this weekend to discuss the eurozone debt crisis. German leader, Angela Merkel, has cautioned the region on overestimating Germany's capacity to fix the crisis.

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If you have an unlimited data plan for your phone through Verizon, you should know that Verizon is trying to put a stop to that. The company announced a plan aimed at families who have multiple phones and tablets connected to data networks. All the calls and text messages you want for up to 10 devices, but limited use of the data network. And as of June 28th, customers who want new phones will have to either go to a limited plan or pay the subsidy that Verizon normally pays, meaning a new iPhone could start at $649.

The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank’s unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy “fast fashion.” Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, “Overdressed.” Verizon Wireless announced it’s scrapping unlimited data plans which could force a change in our web surfing. And the popular ’80s primetime soap, “Dallas,” is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

New York bureau chief Heidi Moore discusses JPMorgan CEO Jamie Dimon’s testimony in front of the Senate Banking Committee today. In the latest installment of Freakonomics, Stephen Dubner talks about how despite convential wisdom, investing in labor can help a company’s bottom line. Colleges are admitting more students from their waitlists — but is that a good thing? Berkshire Hathaway makes what seems like a counter-intuitive move: investing in the private jet business. And Stephen Beard continues his A Man Walks Into a Bar series in Madrid, Spain.

Patrons at a tapas bar in Madrid reflect on their country's economic woes and the multi-billion-dollar bailout that Spanish banks recently received.

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Follow along in real time with today's Senate hearing on JPMorgan's multibillion-dollar bad bet. A collection of photos, Tweets, related reading, and other tantalizing details from the Senate gallery.

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JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.

The organization that assigns Internet addresses releases its list of newly approved web suffixes today, from .doctor to .bank. Many predict the proliferation of these suffixes will touch off a virtual land grab.

As "yield" gets tougher to predict, schools keep their options open.

Sixteen senators from the Senate Banking Committee have taken campaign contributions from JPMorgan's political action committee. We called them for comment.

Bankrupt Swedish carmaker Saab may have found a buyer. There are reports National Electric Vehicles Sweden, a company backed by investors in Japan and Hong Kong, may close a deal.

Chairman and CEO of JPMorgan Jamie Dimon will be grilled on a huge trading loss by the bank's unit in London.

Big Red wants you to go nuts on calls and texts, but keep your data use in check.

Companies that offer higher wages for employees and more money for training turn out to be more profitable.

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What should investors — especially those in their 50s and 60s — do with their already diminished retirement savings?

The popular '80s primetime soap gets remade with the all-important ad demographic of 18- to 35-year-olds in mind. The question is no longer "Who shot JR?" but "How long will JR be on screen?"

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The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.

The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

Commentator Robert Reich says health insurance lobby could unwittingly revive the "public option."

As the costs of running a farm rise, farmers are getting paid less for their milk. That's forcing some farmers to get bigger or auction off their cows.