Anirban Basu http://wypr.org en Inversion Deals - 7/23/14 http://wypr.org/post/inversion-deals-72314 <p>America has among the highest corporate income taxes in the world and a growing number of domestic firms are merging with foreign companies in order to reduce their tax burdens.&nbsp;</p><p> Wed, 23 Jul 2014 23:29:03 +0000 Anirban Basu 502611 at http://wypr.org Air Passenger Traffic on the Rise - 7/22/14 http://wypr.org/post/air-passenger-traffic-rise-72214 <p>Global air passenger traffic is doubling every 15 years, bringing more people to already congested airports and airplanes.&nbsp; Over the past two decades, the average number of seats per flight has increased by 32 percent according to Airbus.&nbsp; Flying can be uncomfortable, but certain airlines are taking steps to make their customers more comfortable, at least those that can afford a higher quality of service.&nbsp;</p> Tue, 22 Jul 2014 02:02:40 +0000 Anirban Basu 502482 at http://wypr.org Large Cities and Wealthy Nations - 7/21/14 http://wypr.org/post/large-cities-and-wealthy-nations-72114 <p></p><p>There was a time when the largest cities of the world were primarily in wealthy nations.&nbsp; Those cities were associated with plentiful job opportunities, drawing people to them.&nbsp; In 1950, 20 of the world’s 30 largest cities were in nations deemed to be high income by the World Bank.&nbsp; Back then, New York represented the largest urban area on the planet with 12.3 million residents.&nbsp; Tokyo, with 11.3 million people, was second, and New York and Tokyo were the only areas with more than 10 million people.&nbsp;</p><p> Mon, 21 Jul 2014 23:28:50 +0000 Anirban Basu 502481 at http://wypr.org Vacation Time - 7/18/14 http://wypr.org/post/vacation-time-71814 <p>America stands alone among developed countries of the world by not mandating vacation time.&nbsp; According to a 2014 Oxford Economics analysis, of those who do get vacation time, 4 in 10 Americans stockpile them, failing to take all the days they’re offered.&nbsp; Those stay-at-work Americans leave an average of 8.1 days unused.&nbsp; That translates into about 429 million unused days per year.&nbsp;</p><p> Fri, 18 Jul 2014 09:30:00 +0000 Anirban Basu 502261 at http://wypr.org Homeownership of Young Adults - 7/17/14 http://wypr.org/post/homeownership-young-adults-71714 <p>Homeownership has been falling over the last few years in much of the United States, but the decline among younger adults has been particularly striking.&nbsp; The homeownership rate in the 25 to 34 age group fell by nearly 8 percentage points from 2004 to 2013 according to a recent report from Harvard University’s Joint Center for Housing Studies.&nbsp; As pointed out by writer Lisa Prevost, over the same period, student debt surged by more than 400 percent to top $1 trillion, a run-up that dwarfs the surge in mortgage debt during the housing bubble.&nbsp; The connection between student debt and declining homeownership appears unassailable based on these data.&nbsp;</p><p> Thu, 17 Jul 2014 09:30:00 +0000 Anirban Basu 502259 at http://wypr.org Consumer Spending - 7/16/14 http://wypr.org/post/consumer-spending-71614 <p>One of the driving forces behind the current U.S. economic recovery has been consumer spending.&nbsp; Consumers have been dishing out money on any number of items, including merchandise sold on the Internet, automobiles and vacations.&nbsp; They have also been spending at the nation’s malls, which is inducing shopping center owners to increase rents as retailers now in expansion mode jockey for dwindling available space according to the Wall Street Journal.&nbsp;</p><p> Wed, 16 Jul 2014 12:35:48 +0000 Anirban Basu 502231 at http://wypr.org Unemployment Rate - 7/15/14 http://wypr.org/post/unemployment-rate-71514 <p>The nation’s unemployment rate is precisely where it was in the fall of 2008, but according to writer Binyamin Appelbaum, the labor market remains much weaker today than it was then.&nbsp; For instance, 3 percent of America’s adult population reports that they are working part-time because they can’t find full-time jobs.&nbsp; This figure remains far above the December 2007 level of about 1.8 percent.&nbsp; In fact, part time jobs accounted for two thirds of all new jobs added in June, which suggests that many of these new jobs related to summertime consumer spending.&nbsp; Those are the types of jobs that may not last into the fall and are unlikely to pay significantly while they last.</p><p> Tue, 15 Jul 2014 12:31:32 +0000 Anirban Basu 502170 at http://wypr.org June's Job Numbers - 7/14/14 http://wypr.org/post/junes-job-numbers-71414 <p>Less than a week ago, the U.S. Labor Department announced that the nation added 288,000 jobs in June – that was far better than the 215,000 jobs economists had predicted.&nbsp; The nation’s unemployment rate dipped to 6.1 percent last month, its lowest level since September 2008 when investment bank Lehman Brothers collapsed, setting off the full-blown global financial crisis.</p> Tue, 15 Jul 2014 12:25:33 +0000 Anirban Basu 502169 at http://wypr.org Economic Good News - 7/11/14 http://wypr.org/post/economic-good-news-71114 <p></p><p>There is much about the U.S. economy with which to be pleased.&nbsp; Real gross domestic product appears to be tracking above 3 percent during the current quarter.&nbsp; Job gains have accelerated.&nbsp;</p> Fri, 11 Jul 2014 14:03:25 +0000 Anirban Basu 502019 at http://wypr.org Economic Impact of Student Loans - 7/10/14 http://wypr.org/post/economic-impact-student-loans-71014 <p>Most people would agree that large volumes of student debt are holding the economy back.&nbsp; Just a decade ago, there were only about $300 billion in student loans outstanding.&nbsp; Today, that figure is in the range of $1.1 trillion.&nbsp; While that total is dwarfed by total mortgage debt in the U.S., $8.2 trillion, student debt is concentrated among a smaller group of people – many of them in their 20s and 30s.&nbsp; These people often serve as the engine of economic activity, including with respect to the housing market.&nbsp;</p> Thu, 10 Jul 2014 13:29:13 +0000 Anirban Basu 501951 at http://wypr.org