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.

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Planet Money
2:27 am
Thu January 10, 2013

The North Dakota Town Where A One-Bedroom Apartment Rents For $2,100 A Month

Yours, for $2,100 a month
Josh Marston

Originally published on Thu January 10, 2013 2:04 pm

A plain, one-bedroom apartment in Williston, N.D., rents for $2,100 a month. For this price, you could rent a one-bedroom apartment in New York City.

Williston is not New York City. There are 30,000 residents and one department store. The nearest city is two hours away.

Rents are so high in Williston because the town is in the middle of an oil boom. Unemployment is below 1 percent, and workers are flooding into town.

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Planet Money
11:28 am
Fri December 28, 2012

What A Former FBI Hostage Negotiator Can Teach Us About The Fiscal Cliff

Drew Angerer Getty Images

Originally published on Fri December 28, 2012 12:27 pm

The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game.

To shed some light on the kinds of negotiation techniques that members of Congress might be using during the talks, we asked two negotiators to walk us through their tactics with examples from their everyday lives.

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Planet Money
2:24 am
Fri December 14, 2012

Why A Principal Created His Own Currency

David Kestenbaum NPR

Originally published on Fri December 14, 2012 1:43 pm

Shawn Rux took over as principal of MS 53, a New York City middle school, last year. At the time, 50 or 60 kids were absent every day. You could understand why they stayed away: The school was chaos.

Twenty-two teachers had quit, the entire office staff had quit, and hundreds of kids had been suspended. The school was given a grade of F from the city's department of education.

"It was in a bad place," Rux says.

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Planet Money
6:48 am
Sat November 17, 2012

A Sequester Is A 'Jelly-Like Mass,' And Other Notes On Fiscal-Cliff Jargon

Charles Dharapak AP

Here's a quick rundown on three of the most impenetrable terms related to the fiscal cliff. For more, see our post, The Fiscal Cliff In Three And A Half Graphics.

1. Sequester

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Planet Money
3:04 am
Thu November 15, 2012

Why Coke Cost A Nickel For 70 Years

An oilcloth sign advertising Coca-Cola from 1905.
The Coca-Cola Company

Originally published on Mon November 19, 2012 1:04 pm

Prices change; that's fundamental to how economies work.

And yet: In 1886, a bottle of Coke cost a nickel. It was also a nickel in 1900, 1915 and 1930. In fact, 70 years after the first Coke was sold, you could still buy a bottle for a nickel.

Three wars, the Great Depression, hundreds of competitors — none of it made any difference for the price of Coke. Why not?

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Planet Money
3:16 pm
Tue November 6, 2012

A Hidden Safety Net, Made Visible By The Storm

Shopping carts full of food damaged by Sandy await disposal at Fairway.
Seth Wenig AP

Originally published on Thu November 8, 2012 3:54 pm

The Fairway supermarket in Red Hook, Brooklyn is the sort of place New Yorkers, accustomed to cramped spaces, talk about with amazement. It's an actual, full-size supermarket, right at the edge of New York Harbor.

It's a beautiful setting, but one that was diastrous last week, when Sandy came through.

"There were five feet of water throughout the store," Bill Sanford, the president of the company told me. "Everything was submerged."

They had to throw out dumpsters worth of food. Chicken, fish, vegetables.

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Planet Money
3:19 am
Fri October 26, 2012

Energy Independence Wouldn't Make Gasoline Any Cheaper

Friedemann Vogel Getty Images

Originally published on Fri October 26, 2012 3:05 pm

Just about every president since Richard Nixon has set energy independence as a goal, and both major candidates have brought it up the current campaign.

As it turns out, there is a place, not so far from here, that has achieved energy independence: Canada.

Canada produces far more oil than it consumes. They're not dependent on the Middle East! They've got all the oil they need!

I called Stephen Gordon, a professor of economics at Université Laval in Quebec City, to ask him about what energy independence means for his nation.

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Planet Money
2:19 pm
Thu October 4, 2012

The Accountant Who Changed The World

A page from Pacioli's math encyclopedia, Summa de Arithmetica, Geometria, Proportioni et Proportionalita.
via Jane Gleeson-White

Originally published on Fri October 5, 2012 3:04 pm

The story of the birth of accounting begins with numbers. In the 1400s, much of Europe was still using Roman numerals, and finding it really hard to easily add or subtract. (Try adding MCVI to XCIV.)

But fortunately, Arabic numerals (1, 2, 3, 4, etc.) started catching on, and with those numbers, merchants in Venice developed a revolutionary system we now call "double-entry" bookkeeping. This is how it works:

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Planet Money
2:25 am
Fri September 28, 2012

He Won't Tell You His Name, But He'll Help You Hide Your Money

Meet Adam Wolf*, your asset protection adviser. (*Not his real name.)
via Global Wealth Protection

Originally published on Sat September 29, 2012 6:11 pm

We set up our shell companies. Then we wondered: What do people actually do with shell companies?

One popular use, it turns out, is what professionals call "asset protection." Ordinary people call this "hiding money."

Maybe you're a surgeon worried a patient might sue you and take everything you have. Or you want to hide money from your ex (or your soon-to-be ex).

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Planet Money
2:32 am
Thu September 20, 2012

Insurance Companies Send Out Rebate Checks; Economists Get Nervous

iStockphoto.com

Originally published on Thu September 20, 2012 4:41 pm

Nearly 13 million Americans have gotten, or will soon be getting, rebates from their health insurance companies. This is because of a provision in the Affordable Care Act (aka Obamacare) that's supposed to force insurance companies to run better.

But while the idea of getting a check from your health insurance company may sound great, some economists worry this rule could actually make health insurance more expensive.

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