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
4:56 am
Thu March 22, 2012

From Abe Lincoln To Donald Duck: History Of The Income Tax

U.S. Treasury Department/Walt Disney

Originally published on Fri March 23, 2012 9:02 am

The story of how the U.S. wound up with the income tax is the story of two wars, a Supreme Court justice on his death bed, and Donald Duck.

It's also the story of how the government overcame three obstacles.

Obstacle No. 1: Logistics

How do you make sure people pay?

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Planet Money
12:01 am
Thu March 15, 2012

China's Giant Pool Of Dollars

There is an advantage to strengthening the currency for people in China: It makes their imports cheaper. A clerk counts bank notes in a bank in Nantong, east China's Jiangsu Province.
Xinhua /Landov

Originally published on Thu March 15, 2012 11:08 am

China's central bank is sitting on a giant pool of U.S. dollars. It's the world's biggest holder of foreign reserves, worth over $3 trillion at last count.

All that money has piled up because every year, China exports more than it imports; it runs a trade surplus.

There are lots of reasons for China's trade surplus. In the past few decades, China has built an amazing manufacturing ecosystem. It's become the factory to the world.

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Planet Money
3:38 pm
Mon February 27, 2012

From Cell Phones To Cigarettes: The Long Arm Of The Chinese Government

How many government-owned businesses do you see in this picture?
Ed Jones AFP/Getty Images

The streets of Beijing and Shanghai feel like an entrepreneurial free-for-all, full of mom-and-pop stores and street vendors selling snacks and cheap toys.

But when you pull back the curtain, you see a different picture: a country where the government still controls huge swaths of the economy.

When you're in China, there's a good chance you're doing business with the government every time you:

  • make a call on your cellphone (the government owns the country's biggest cellphone network)
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Planet Money
12:00 pm
Thu February 16, 2012

Is China An Economic Miracle, Or A Bubble Waiting To Pop?

This can't go on forever.
Jacob Goldstein NPR

Originally published on Fri February 17, 2012 12:18 pm

China's economy sailed through the financial crisis unscathed — at least in the short run.

When the global crisis hit, the country's government-owned banks started lending out lots more money. The money came largely from the savings accounts of ordinary Chinese people. It went largely to finance big construction projects, which helped keep China's economy growing.

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