Adam Davidson

Adam Davidson is co-founder and co-host of Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.

His work has won several major awards including the Peabody, DuPont-Columbia, and the Polk. His radio documentary on the housing crisis, "The Giant Pool of Money," which he co-reported and produced with Alex Blumberg, was named one of the top ten works of journalism of the decade by the Arthur L. Carter of Journalism Institute at New York University. It was widely recognized as the clearest and most entertaining explanation of the roots of the financial crisis in any media.

Davidson and Blumberg took the lessons they learned crafting "The Giant Pool of Money" to create Planet Money. In two weekly podcasts, a blog, and regular features on Morning Edition, All Things Considered and This American Life, Planet Money helps listeners understand how dramatic economic change is impacting their lives. Planet Money also proves, every day, that substantive, intelligent economic reporting can be funny, engaging, and accessible to the non-expert.

Before Planet Money, Davidson was International Business and Economics Correspondent for NPR. He traveled around the world to cover the global economy and pitched in during crises, such as reporting from Indonesia's Banda Aceh just after the tsunami, New Orleans post-Katrina, and Paris during the youth riots.

Prior to coming to NPR, Davidson was Middle East correspondent for PRI's Marketplace. He spent a year in Baghdad, Iraq, from 2003 to 2004, producing award-winning reports on corruption in the US occupation.

Davidson has also written for The Atlantic, Harper's, GQ, Rolling Stone, and many other magazines. He has a degree in the history of religion from the University of Chicago.



And now for our regular primer on global economics, no student loan required. Remember the European economic crisis? Just months ago, there was near panic that the euro zone would collapse, bringing down with it the entire international economy, again. So, how is Europe doing now and what is the overall state of the global economy? Well, one place economists look for answers to those questions is in the exchange rate between dollars and euros.

Robert Siegel talks with Adam Davidson from Planet Money team about this week's cluster of positive data on the health of the U.S. housing market. Davidson says the strength of the housing sector is now irrefutable, even though a broader economic recovery is still years away.

The Senate Judiciary Committee is beginning work Thursday on a proposal to overhaul the nation's immigration laws. Audie Cornish talks with Adam Davidson of the Planet Money team about what academic research says about the economic impact of immigration.

Every week, the Department of Labor issues data detailing the number of people who filed for unemployment benefits in the previous week. According to Thursday's report, 385,000 people filed last week, the third weekly increase in a row, and a higher figure than expected. Robert Siegel talks with Adam Davidson about this week's initial claims report. Davidson says the report can help illuminate the vital question of whether the United States has a cyclical or a structural unemployment problem.

One jobs number gets all the attention: The number of jobs lost or gained in the previous month.

That number is important. But focusing too much on the net change in jobs can be misleading. It gives the impression that a job is like a widget — it's something that gets made in a factory somewhere, and that we hope exists forever.

That's not how it works. Even in good economic times ,new jobs are constantly being created and old jobs are constantly being destroyed. (Of course, you do want the number of jobs created to exceed the number of jobs destroyed.)



This is ALL THINGS CONSIDERED from NPR News . I'm Melissa Block.


And I'm Audie Cornish.

And a record close. That's what we've been hearing both today and yesterday as the Dow Jones industrial average climbs upwards.

BLOCK: That may be an ear-grabbing headline after a recession and years of unimpressive growth. But we begin this hour with a different take from Adam Davidson of NPR's Planet Money. Hey, Adam.




It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.


And I'm Melissa Block.

Is China an economic partner, an adversary, or both? In last night's debate we heard slightly different answers from President Obama and Mitt Romney.


MITT ROMNEY: We can be a partner with China. We don't have to be an adversary in any way, shape or form. We can work with them. We can collaborate with them, if they're willing to be responsible.

Every day, small shop owners from Africa and Latin America fly into New York with wads of cash and empty suitcases. As Robert Smith reports today, their destination is zip code 10001 in Manhattan, home to a cluster of wholesale stores selling a quirky mix of decently made goods at cheap prices.