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Planet Money
6:58 am
Fri March 15, 2013

A Surprisingly Uncontroversial Program That Gives Money To Poor People

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
5:55 am
Fri March 15, 2013

More Problems Aboard Carnival Cruise Ships

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

Originally published on Fri March 15, 2013 10:53 am

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
5:53 am
Fri March 15, 2013

Gasoline Pushed Consumer Prices Up Sharply In February

Handles on a gas pump in Brooklyn.
Jonathan Fickies Landov

Originally published on Fri March 15, 2013 7:05 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
5:06 am
Fri March 15, 2013

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

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

Originally published on Fri March 15, 2013 10:40 am

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
4:45 am
Fri March 15, 2013

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

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

Originally published on Fri March 15, 2013 6:56 am

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

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