David Kestenbaum

David Kestenbaum is a correspondent for NPR, covering science, energy issues and, most recently, the global economy for NPR's multimedia project Planet Money. David has been a science correspondent for NPR since 1999. He came to journalism the usual way — by getting a Ph.D. in physics first.

In his years at NPR, David has covered science's discoveries and its darker side, including the Northeast blackout, the anthrax attacks and the collapse of the New Orleans levees. He has also reported on energy issues, particularly nuclear and climate change.

David has won awards from the American Association for the Advancement of Science, the American Physical Society and the Institute of Electrical and Electronics Engineers.

David worked briefly on the show This American Life, and set up a radio journalism program in Cambodia on a Fulbright fellowship. He also teaches a journalism class at Johns Hopkins University.

David holds a bachelor's of science degree in physics from Yale University and a doctorate in physics from Harvard University.

Pages

10:55am

Fri January 20, 2012
Planet Money

The Secret Document That Transformed China

Originally published on Fri January 20, 2012 8:03 pm

Yen Jingchang was one of the signers of the secret document.
Jacob Goldstein NPR

In 1978, the farmers in a small Chinese village called Xiaogang gathered in a mud hut to sign a secret contract. They thought it might get them executed. Instead, it wound up transforming China's economy in ways that are still reverberating today.

The contract was so risky — and such a big deal — because it was created at the height of communism in China. Everyone worked on the village's collective farm; there was no personal property.

"Back then, even one straw belonged to the group," says Yen Jingchang, who was a farmer in Xiaogang in 1978. "No one owned anything."

Read more

3:01pm

Mon January 9, 2012
Planet Money

People Want More Coins, That's A Good Sign For The Economy

Originally published on Wed January 11, 2012 4:40 pm

Demand for quarter, dimes, nickels, and pennies was up this year.
AP

All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.

"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.

According the the Mint's annual report, they sold 45.2 million ounces of gold and silver coins in 2011.

Read more

11:01pm

Sun November 20, 2011
Planet Money

Why A New York Cheese Buyer Hangs On The Euro's Fate

Aaron Foster, with cheese.
David Kestenbaum NPR

Among the chilly aisles at Murray's Cheese Shop in Manhattan, the entire continent of Europe is represented. Something like 60 percent of the cheese in Murray's comes from the continent, according to Aaron Foster, a cheese buyer at the store.

For all the talk about how the European debt crisis is effecting the global economy, it can be hard to connect it with daily life here in the U.S. Here's one link: Aaron Foster's bonus depends on how cheaply he can buy cheese from Europe. And the price of that cheese is driven largely by the strength (or weakness) of the euro.

Read more

1:44pm

Thu November 10, 2011
Planet Money

Leaving The Euro Is Hard To Do

Originally published on Thu November 10, 2011 6:32 pm

A one-crown note from the Austro-Hungarian empire.
Wikimedia Commons

"I don't want the euro to fall apart," says Simon Wolfson.

Lots of people don't want the euro to fall apart. But Wolfson feels compelled to say so because he's offering a $400,000 prize for figuring out how to dismantle the euro.

Wolfson — aka Lord Wolfson of Aspley Guise — is the CEO of a big retailer called NEXT. He has argued against the UK joining the euro, but his company has stores all around the euro zone.

Read more

11:59am

Thu October 20, 2011
Planet Money

What If We Paid Off The Debt? The Secret Government Report

Originally published on Fri October 21, 2011 8:14 pm

This Feb. 1, 2010, file photo shows the National Debt Clock in New York.

Mark Lennihan AP

Planet Money has obtained a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt.

It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system.

We recently obtained the report through a Freedom of Information Act Request. You can read the whole thing here. (It's a PDF.)

Read more

Pages