Robert Smith

Robert Smith is a correspondent for NPR's Planet Money where he reports on how the global economy is affecting our lives.

If that sounds a little dry, then you've never heard Planet Money. The team specializes in making economic reporting funny, engaging and understandable. Planet Money has been known to set economic indicators to music, use superheroes to explain central banks, and even buy a toxic asset just to figure it out.

Smith admits that he has no special background in finance or math, just a curiosity about how money works. That kind of curiosity has driven Smith for his 20 years in radio.

Before joining Planet Money, Smith was the New York correspondent for NPR. He was responsible for covering all the mayhem and beauty that makes it the greatest city on Earth. Smith reported on the rebuilding of Ground Zero, the stunning landing of US Air flight 1549 in the Hudson River and the dysfunctional world of New York politics. He specialized in features about the overlooked joys of urban living: puddles, billboards, ice cream trucks, street musicians, drunks and obsessives.

When New York was strangely quiet, Smith pitched in covering the big national stories. He traveled with presidential campaigns, tracked the recovery of New Orleans after Hurricane Katrina and reported from the BP oil spill.

Before his New York City gig, Smith worked for public radio stations in Seattle (KUOW), Salt Lake City (KUER) and Portland (KBOO). He's been an editor, a host, a news director and just about any other job you can think of in broadcasting. Smith also lectures on the dark arts of radio at universities and conferences. He trains fellow reporters how to sneak humor and action into even the dullest stories on tight deadlines.

Smith started in broadcasting playing music at KPCW in his hometown of Park City, Utah. Although the low-power radio station at Reed College in Portland, Oregon, likes to claim him as its own.

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Planet Money
2:00 am
Thu April 26, 2012

On The Million-Dollar Trail Of A Mystery SuperPAC Donor

Some superPAC donors are hiding from public scrutiny.
iStockphoto.com

Originally published on Thu April 26, 2012 10:19 am

The superPACs raising money to support presidential candidates have few restrictions. They can accept checks for any amount.

One rule they do have: They have to reveal who donated money.

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Planet Money
11:01 pm
Thu March 1, 2012

What The IRS Could Learn From Mormons

The money Mormons tithe goes to The Church of Jesus Christ of Latter-day Saints headquarters in Salt Lake City, Utah, and then is distributed to congregations around the world.
Douglas C. Pizac AP

Many religious traditions stress the importance of charity. But Mormons are remarkable for the amount and the precision with which they give to their church.

The Church of Jesus Christ of Latter-day Saints teaches that each Mormon in good standing should tithe 10 percent of his or her income. The money goes right to church headquarters in Salt Lake City and then is distributed back to congregations around the world.

"That's written in stone, and preached from the pulpit," says Gordon Dahl, an economist at the University of California, San Diego, who is Mormon.

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Planet Money
4:33 pm
Fri February 3, 2012

Who Killed Lard?

Old school.
Steve Snodgrass Flickr

Originally published on Mon February 6, 2012 10:01 am

Ron Silver, the owner of Bubby's restaurant in Brooklyn, recently put a word on his menu you don't often see anymore: lard. The white, creamy, processed fat from a pig. And he didn't use the word just once.

For a one-night-only "Lard Exoneration Dinner", Silver served up lard fried potatoes. And root vegetables, baked in lard. Fried chicken, fried in lard. Roasted fennel glazed with lard sugar and sea salt. Pies, with lard inside and out. All from lard he made himself in the kitchen.

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Planet Money
3:58 pm
Fri January 27, 2012

Rethinking The Oreo For Chinese Consumers

Kraft Foods has reinvented the Oreo for Chinese consumers. It's latest offering in China: straw-shaped wafers with vanilla-flavored cream filling.
Kraft Foods

Everyone knows what an Oreo cookie is supposed to be like. It's round, black and white, and intensely sweet. Has been for 100 years. But sometimes, in order to succeed in the world, even the most iconic product has to adapt.

In China, that meant totally reconsidering what gives an Oreo its Oreoness.

At first, though, Kraft Foods thought that the Chinese would love the Oreo. Who doesn't? They launched the product there in 1996 as a clone of the American version.

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Election 2012
3:00 am
Wed January 11, 2012

Ron Paul Captures 2nd Place In N.H. Primary

As expected, GOP presidential candidate Mitt Romney won the New Hampshire primary. Texas Rep. Ron Paul clinched second place — ahead of former Utah Governor Jon Huntsman. Paul told a crowd of supporters that he was nibbling at the heels of the front-runner.

Planet Money
3:50 am
Fri December 30, 2011

Coconut Water Companies Sell Image, Not Taste

godutchbaby Flickr

Originally published on Wed January 4, 2012 5:13 pm

A couple of years ago if you wanted to drink coconut water, you had to buy your own coconut, bring it to your kitchen, and start whacking away with a knife.

Today, you can find packaged coconut water in a convenience store, Wal-Mart or your friendly neighborhood yoga studio.

"I think it was a great year for coconut water, " says Alejandra Simon, an assistant manager at the Laughing Lotus yoga studio in New York City. "I can't walk down the street without seeing someone with coconut water in their hands."

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Planet Money
3:28 pm
Wed November 23, 2011

Boom Town, U.S.A.

Brandi and Kaylee plan to open a truck repair shop when they graduate from high school.
Robert Smith NPR

Originally published on Wed November 23, 2011 5:12 pm

In the small-town of Elko, ambition looks like high-heel suede booties on the floor of the auto shop at the local high school.

Brandi and Kaylee look like the Olsen twins. And they're the best auto-shop students at Elko High. The girls have a plan. Everyday out the school window, they see trucks heading up to the gold mines. Day and night. So, the girls figure, why not open a truck repair shop after they graduate?

"In Elko we've been really blessed and really lucky to actually have a good economy," Kaylee says. "We can actually have our hopes and dreams."

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Planet Money
4:10 am
Thu November 3, 2011

When Governments Pay People To Have Babies

More, please.
Chung Sung-Jun Getty Images

How much is a baby worth?

Let's set aside for a moment all those goo-goo feeelings about that big ball of cute chubba-chubba. A baby is also an economic investment.

Businesses get a new worker and a new consumer for products. Parents get someone who will support them in their old age. Governments get a taxpayer — and a guarantee that the country lives on.

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Economy
7:00 am
Sat October 29, 2011

The Income Gap, Explained With Candy Corn

Originally published on Sun October 30, 2011 12:10 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. This week, the Congressional Budget Office released a report showing that the gap between wealthy and poor Americans has become much wider than it once was. We'll have a story on how changes in the tax code may have contributed to this situation, and we'll look at the Occupy Wall Street movement. But first, we turn to NPR's Andrea Seabrook and Robert Smith for a seasonably appropriate analysis of how the income gap has changed over the last 30 years.

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Planet Money
11:01 pm
Thu October 13, 2011

Playing Chicken To Cut The Deficit

U.S. Rep. Dave Camp (R-MI) speaks as Rep. Chris Van Hollen (D-MD) and Rep. Jim Clyburn (D-SC) listen during a hearing before the Joint Deficit Reduction Committee, also known as the supercommittee.

Alex Wong Getty Images

Originally published on Sun October 16, 2011 12:38 pm

If you've ever thought that most of politics is game-playing, you're right. Political scientists often use mathematical game theory to describe how Congress works. And when they look at the current battle over how to handle the deficit, the game that comes to mind is chicken.

Steven Smith is a professor of political science at Washington University, and he says yes, Republicans and Democrats sometimes remind him of two cars driving as fast as they can toward a cliff.

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