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
3:41 am
Thu March 28, 2013

When A Famous Hospital Didn't Want An Expensive New Drug

Andrei Tchernov iStockphoto.com

Originally published on Thu March 28, 2013 10:03 am

Last year, a new drug called Zaltrap was approved as a kind of last-chance therapy for patients with colorectal cancer. Studies suggested Zaltrap worked almost exactly as well as an existing drug called Avastin. In fact, the main difference between the two drugs seemed to be the price.

"I was rather stunned," Dr. Leonard Saltz, who specializes in colorectal cancer, told me.

Zaltrap costs about $11,000 per month — about twice as much as Avastin, Saltz said.

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Planet Money
3:05 am
Thu February 21, 2013

Three Ways To Totally Transform U.S. Immigration Policy

Immigrants wait for their citizenship interviews at the U.S. Citizenship and Immigration Services on Jan. 29.
John Moore Getty Images

Originally published on Thu February 21, 2013 10:42 am

With immigration policy in the news again, I asked three economists, "Dream big: If you could create any immigration policy for the U.S., what would it be?" Here's what they said.

1. The Best And The Brightest

Dean Baker of the Center for Economic and Policy Research would give out more visas to highly skilled workers: scientists, engineers, computer programmers and doctors.

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Planet Money
3:34 am
Thu February 7, 2013

'Give Me The Money Or I'll Shoot The Trees'

Pay up, or the bird gets it. (A hoatzin perches on a branch in Yasuni National Park.)
Pablo Cozzaglio AFP/Getty Images

Originally published on Thu February 7, 2013 3:07 pm

Ecuador's Yasuni National Park is one of the most diverse ecosystems on Earth. But there's a complication: The park sits on top of the equivalent of millions of barrels of oil.

This creates a dilemma.

Ecuador prides itself on being pro-environment. Its constitution gives nature special rights. But Ecuador is a relatively poor country that could desperately use the money from the oil.

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Planet Money
6:29 am
Fri February 1, 2013

An International Battle Over One Of The Most Boring Things In Finance

Jeremy O'Donnell Getty Images

Originally published on Tue February 12, 2013 11:26 am

This week saw the end of a years-long, international, multi-billion-dollar battle over one of the most boring things in finance: savings accounts.

At the center of the battle was Iceland, a tiny country where the banks grew into international behemoths during the credit bubble.

The banks got so big partly by convincing foreigners to open up online savings accounts. In particular, lots of people in England and Netherlands opened up "ICESAVE accounts" with a bank called Landsbanki. During the financial crisis, the bank collapsed.

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Planet Money
3:35 am
Thu January 24, 2013

Why Is The Government In The Flood Insurance Business?

Hurricane Betsy hit the Gulf Coast in 1965.
Horace Cort AP

Originally published on Thu January 24, 2013 1:19 pm

There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.

Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.

This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Not flood.

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