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Planet Money
8:58 am
Fri March 15, 2013

A Surprisingly Uncontroversial Program That Gives Money To Poor People

Credit William Thomas Cain / Getty Images

Last year, a federal program called the Earned Income Tax Credit took about $60 billion from wealthier Americans and gave it to the working poor. And here's the surprising thing: This redistribution of wealth has been embraced by every president from Ronald Reagan to Barack Obama.

"This program worked," says Richard Burkhauser, an economist at Cornell University and the American Enterprise Institute. "And there's not a hell of a lot of these programs where you can see the tremendous change in the behavior of people in exactly the way that all of us hoped it would happen."

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The Two-Way
7:53 am
Fri March 15, 2013

Gasoline Pushed Consumer Prices Up Sharply In February

Credit Jonathan Fickies / Landov
Handles on a gas pump in Brooklyn.

Originally published on Fri March 15, 2013 9:05 am

Consumer prices jumped 0.7 percent in February from January, the Bureau of Labor Statistics reports. The increase was fueled by a 9.1 percent surge in gasoline prices. Gas prices alone accounted for about two-thirds of the overall rise, MarketWatch says.

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The Two-Way
7:37 am
Fri March 15, 2013

More Problems Aboard Carnival Cruise Ships

Credit Andy Newman / AP
The Carnival Dream docked in St. Thomas, U.S. Virgin Islands, in December 2010.

Originally published on Fri March 15, 2013 12:53 pm

For the past month, management at Carnival Cruise Lines has been in a nearly constant state of damage control.

In the past week alone, three of the cruise line's giant floating playgrounds have experienced embarrassing malfunctions that have at least inconvenienced, if not angered, many passengers.

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The Two-Way
7:06 am
Fri March 15, 2013

Son's Coming Out Leads Sen. Portman To Reverse On Same-Sex Marriage

Credit Justin Lane / EPA /Landov
Sen. Rob Portman, R-Ohio.

Originally published on Fri March 15, 2013 12:40 pm

Saying that he has reconsidered the issue in the two years since learning that his son is gay, Republican Sen. Rob Portman of Ohio announced Thursday that he no longer opposes same-sex marriage.

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The Two-Way
6:43 am
Fri March 15, 2013

Book News: Geithner Writing 'Behind The Scenes' Story Of The Financial Crisis

Credit Win McNamee / Getty Images
Former Treasury Secretary Timothy Geithner's new book promises to give us the inside dope about reaction to the financial crisis.

Originally published on Fri March 15, 2013 8:56 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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The Two-Way
6:28 am
Fri March 15, 2013

'Over A Year Or So' Before Iran Could Develop Nuclear Weapon, Obama Says

Credit Aude Guerrucci / DPA /LANDOV
President Obama on Wednesday at the Organizing for Action dinner in Washington, D.C.

Originally published on Fri March 15, 2013 6:36 am

Putting a more specific estimate that he has in the past on the issue of how long it might take Iran to develop a nuclear weapon, President Obama has told Israel's Channel 2 TV that it could happen in "over a year or so" if efforts to dissuade Iran do not succeed.

The president also said that while he wants to resolve the issue diplomatically, he is keeping "all options on the table."

For its part, Iran has long said its nuclear program is only aimed a peaceful uses for that energy source.

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Author Interviews
5:50 am
Fri March 15, 2013

'Bankers' New Clothes' Leave Too Little Skin In The Game

At a hearing in Washington on March 6, Attorney General Eric Holder admitted to senators why it has been hard to go after big bank executives:

"It does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."

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World
4:44 am
Fri March 15, 2013

Vladimir Putin Hobknobs With ... Steven Seagal

Originally published on Fri March 15, 2013 5:44 am

First, Russian President Vladimir Putin granted citizenship to French actor Gerard Depardieu. Now, Putin is hobnobbing with the actor Steven Seagal. The star of Under Siege toured a new sports facility with Putin, who used the occasion to call for reviving a Soviet-era fitness program in which kids threw javelins, learned to ski and fired guns.

NPR Story
4:41 am
Fri March 15, 2013

106-Year-Old Woman Finally Gets Her High School Diploma

Originally published on Fri March 15, 2013 5:42 am

Reba Williams of Columbus, Ohio, finished her last class back in 1925. But the 106-year-old didn't receive her high school diploma until Wednesday. Her daughter told the Mansfield News-Journal that young Reba, who was a good student for all 12 years, was headstrong. She refused to read a book assigned by her teacher that she'd already read and didn't like.

Energy
4:12 am
Fri March 15, 2013

Could Tapping Undersea Methane Lead To A New Gas Boom?

Originally published on Fri March 15, 2013 9:38 am

The new boom in natural gas from shale has changed the energy economy of the United States. But there's another giant reservoir of natural gas that lies under the ocean floor that, theoretically, could dwarf the shale boom.

No one had tapped this gas from the seabed until this week, when Japanese engineers pulled some up through a well from under the Pacific. The gas at issue here is called methane hydrate. Methane is natural gas; hydrate means there's water in it. In this case, the molecules of gas are trapped inside a sort of cage of water molecules.

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