Occasionally thoughout this tutorial I've mentioned color when we all know I keep titling each post "B&W: Something or Other." Here lies our last big hurdle between B&W film photography and B&W digital: grey. Film and photographic paper has no problem reproducing a nice true grey. But a printer doesn't print in grey (well, not any printer that we normal people might have). It prints in black on white paper. This has a number of limitations that mostly boil down to the midtones, especially the lower midtones, being too dark and basically looking rather muddy. The opening shot is that exact same picture with all the color stripped away from it. The only difference is that the top one is printed in greyscale (only black ink) while the bottom pic is desaturated and printed in CMYK (Cyan, Magenta, Yellow, and blacK). In picture #1, notice how Kira has been letting Rosie work in the coal mines again.
What happens is, in greyscale, the lighter the shade of grey, the fewer the little specks of black ink, to the point that your printer
can print so little that it's faint. In the darker tones, it's greyness is a measure of how much breathing space is between these crowded little points of blackness, and it's often not enough to really notice.
Remember this:

I want you to download it, and load it into Photoshop or Elements. Print it just as it is (might I recommend rotating it 90 degrees first?). Then convert it to Greyscale (Image--> Mode--> Grayscale). If it asks if you want to throw away your color information, say, "Yeah, what the heck." Print it again. Now compare the two. You'll notice that both look B&W, but the greyscale image will show a reduced number of greys. And the 50% grey border is significantly darker. Only the top 25% of the greys (the light greys) look right. This shows up only after you've printed. The image looked fine on your screen. This same problem will come up when you print your photos.
(A note here: when I say, "you print," this includes when you have someone do the printing for you. I only printed the Rosie the Riveters above so I could scan them in for example.)
So why is the color-printing of B&W better? There are no colors that your printer prints that could combine to make grey. So that isn't it. Remember how when we talked about tonal value, there was the idea of inherant value -- the yellow stripe was light and the blue stripe was dark? A B&W printed in color utilizes that principle. So the darkest grey might be mostly all black, the next grey has black and cyan points, the next increases the cyan and adds magenta, next increases the white spaces, etc until you get to the light shades of grey that the printer can handle fairly well with black alone. And the printer does all of the thinking for you!
So, what can you do about it?
#1: As we discussed earlier, tint the photo and then desaturate it to about 10%. Sure, if you desaturate it all the way to 0%, as long as you keep the image in RGB mode (don't actually work in CMYK), then the printer will manage the colors. But occasionally (read: nearly all the time) this will translate into a sort of noticable cast to your image. Often a weird pink (at least on my printer). If you pick the color that it leans towards, then you've basically picked the color-cast.
#2: You could always do a duotone or tritone. I did a whole write-up on this, but have ditched it because A) Elements can't do this, and B) most printing services that you're likely to use don't support this. Basically, in #1, we were taking advantage of the 4 inks that your printer can use to combine to make/approximate grey, well duotone does the same thing but limits itself to 2 (duotone) or 3 (tritone) inks (black plus something else typically). If you want to fiddle around with it, convert your image to greyscale (Image--> Mode--> Greyscale) Then under mode again, choose Duotone. In the dialog box, click Load. I recommend the Process colors because they are true to a CMYK printer. Play around with it.
#3: Imitate Duotone with RGB channels. Once again, Elements falls short. In RGB mode, Control-M for Curves. At the top you can change the dropdown menu for each color individually. You can then use Curves on each color (like in duotones) to make the colors stronger or weaker at different tonal values. A very brief note about RGB vs CMYK. Printers print in CMYK, but we almost always work in RGB, even if we know we're sending the work to a printer. The reason for this is that while you're working an image on your computer, you're viewing it in RGB (Red-Green-Blue). In digital, that's also how it took the picture. By working RGB, you are dealing with a basic standard for how the image looks
right now. Many printers won't allow you to send them the image in CMYK because they have perfected the algorithm to convert for that specific printer. Converting it yourself, you take a big chance that the image won't look the same as it did on your RGB monitor. So stay in RGB.
You're done. Save that puppy in the lossless format you're using (PSD). Then save it again under a new final name in a format that you will need to share (JPG, TIFF, BMP, not GIF). Most likely it will be JPG. Upload it to the Internet to a webpage or print service, or pop it on your memory card and take it to ye olde Kodak Kiosk.
Now, if you'll excuse me, I'm going to go drown myself in colour. Spelled with a "u".