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
2:07 am
Fri March 29, 2013

The Trick To Selling Fancy Wine From New Jersey: Don't Say It's From New Jersey

Credit Courtesy Amalthea Cellars
A sign outside Lou Caracciolo's winery, Amalthea Cellars

Originally published on Fri March 29, 2013 10:14 am

Halfway between the New Jersey Turnpike and the Atlantic City casinos is a little slice of France: Amalthea Cellars. There's an old farmhouse, and a field full of grapevines.

Lou Caracciolo, who founded Amalthea, is walking through the field. "Here's something I put in the ground in 1976," he says. "You have to have a feel for it, and after 30 years I have a pretty good feel for it."

Caracciolo calls himself a hopeless romantic. And, really, you have to be a romantic to try to make a $33 bottle of cabernet sauvignon blend in New Jersey.

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Planet Money
2:46 am
Fri February 22, 2013

Inside An Amish Trade Show

Credit Robert Smith / NPR

Originally published on Fri February 22, 2013 8:59 pm

The Buckeye Tool Expo in Dalton, Ohio, is held in a massive hall filled with bearded men in black hats and women in white bonnets. A few horses and buggies are tied up outside.

The Amish have chosen to forgo many of the delights of the modern world, but they still need to drill, sand and cut wood. This trade expo shows off all the loopholes that let the Amish get their hands on power tools.

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Planet Money
3:18 pm
Fri February 15, 2013

Should The U.S. Import More Doctors?

Credit iStockphoto.com

Originally published on Fri February 15, 2013 3:52 pm

People around the world want the same thing from their doctors. First, do no harm. Second, take a look at this weird bump and tell me if I should get worried.

The job is basically the same in many countries around the world. But the pay is wildly different. The median salary for U.S. doctors is about $250,000 a year. In Western Europe, it's less than half that. In developing countries, the salaries are even lower.

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Planet Money
10:43 am
Mon February 4, 2013

A Union Vote For Chinese Workers Who Asemble iPhones

Credit AFP / AFP/Getty Images
Workers at a Foxconn plant in Shenzhen, China, in 2010.

Originally published on Mon February 4, 2013 11:12 am

The Chinese workers who assemble iPhones, iPads and tons of other electronic devices may soon be able to elect their own union representatives, the FT reports.

Labor unions technically do exist in Chinese factories, but they're typically controlled by management and the government. So a union run by democratic vote of the workers would be a huge shift.

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Planet Money
2:28 am
Thu December 13, 2012

Will A $1.9 Billion Settlement Be Enough To Change Banks' Behavior?

Credit Ben Stansall / AFP/Getty Images

Originally published on Thu December 13, 2012 10:55 am

If a kid does something bad and you want to discipline him — give him a timeout, say, or take away a toy — there are some basic principles that seem to work.

The punishment needs to happen quickly after the bad behavior. And it needs to be significant enough to get noticed. Those rules aren't just for kids; they need to hold true for any type of punishment to be effective.

But if you're a federal regulator punishing a bank, it can be tough to be swift enough and to levee a penalty that's severe enough to make a difference.

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Planet Money
1:53 am
Fri October 19, 2012

The Candidate Is Fake; The Consultants Are Real

Credit iStockphoto.com
One consultant's vision for our political ad: "I see a horse."

Originally published on Wed October 24, 2012 11:31 am

When our series began yesterday, we brought together five economists from across the political spectrum and had them create a platform for their dream presidential candidate. It's a platform — Get rid of a tax deduction for homeowners!

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Planet Money
5:35 am
Wed October 3, 2012

Why New York Is A Hub In The Global Trinket Trade

Credit Lam Thuy Vo / NPR

Originally published on Thu October 4, 2012 10:07 am

For more on the junk economy, see this slideshow.

There's a neighborhood in New York City that has always been a mystery to us. Smack dab in the middle of Manhattan, around 29th street, is the wholesale district. There you can find rows of narrow storefronts packed to the ceiling with trinkets. Racks and racks of fake gold chains. Acres of souvenir lighters and walls of belt buckles. Plastic, plastic, plastic toys.

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Planet Money
6:31 am
Thu September 13, 2012

The Fed's Other Big Power

Credit Alex Brandon / AP
Give us a sign.

Originally published on Fri September 14, 2012 1:06 pm

We think of the power of the Federal Reserve as the power of money. After all, the Fed is the one institution that can create U.S. dollars out of thin air.

But recently, Ben Bernanke has argued that the Fed has another, critical power: the power of words. And when you're the chairman of the Fed, a few words can go a long way.

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Planet Money
1:40 pm
Fri August 10, 2012

How A Pasta Factory Got People To Show Up For Work

Credit Robert Smith / NPR

Originally published on Mon August 13, 2012 9:06 am

Zoe Chace and Robert Smith are reporting from European borders this week. This story is about the unofficial border within one country — the border that divides northern and southern Italy. This is the fourth story in a four-part series.

A decade ago, the Barilla pasta factory in Foggia, Italy, had a big problem with people skipping work. The absentee rate was around 10 percent.

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Planet Money
1:59 am
Fri August 10, 2012

Why Don't More Unemployed Spaniards Get Jobs In Germany?

Credit iStockphoto.com
Jobs ahead.

Originally published on Mon August 13, 2012 10:22 am

Zoe Chace and Robert Smith are reporting from European borders this week. This is the third story in a four-part series.

The eurozone was supposed to create one big labor market by making it easy to cross borders for work.

But Gerhard Wiegelmann, a CEO in Stuttgart, Germany, can't find enough workers to staff his company — even with unemployment in Spain over 20 percent. He's had to turn down projects because he can't hire enough people.

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