Anirban Basu

Host, Morning Economic Report

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate.  Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland and is routinely asked to contribute to local media, including on his radio show on WTMD, 89.7 FM/Baltimore and here on WYPR's Morning Economic Forecast.  Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992. His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.  He is currently working toward his J.D. at the University of Maryland, Baltimore.

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The Morning Economic Report
9:48 pm
Tue August 19, 2014

Infrastucture - 8/20/14

America’s infrastructure is said to be crumbling.  Our bridges are failing, our water mains are bursting and our electrical grid is leaking.  But the situation is far worse in much of the world – take the Philippines as an example.  As detailed by writer Floyd Whaley, the 2.2 million vehicles that occupy Manila’s crumbling road system cost the Philippines 876 billion pesos per annum, or about $20 billion in lost productivity and wasted energy according to a recent study by the Japan International Cooperation Agency. 

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The Morning Economic Report
8:40 am
Tue August 19, 2014

Teen Hiring - 8/19/14

In May, June and July, employment among 16 to 19 years olds expanded by nearly 1.3 million.  That sounds like a lot of teenagers working, but that was actually down 4.3 percent from the same period in 2013.  While some may hold the economy accountable for slower teen hiring, longer term trends tell a far different story. 

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The Morning Economic Report
8:34 am
Mon August 18, 2014

New City Construction - 8/18/14

For decades, new construction was largely a suburban phenomenon.  Job and population growth tended to be concentrated in leafy subdivisions located away from central cities, which prompted construction of new residential subdivisions and suburban office parks. 

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The Morning Economic Report
5:30 am
Fri August 15, 2014

Regional Hiring - 8/15/14

Improving economic conditions are now apparent in virtually all parts of the nation.  According to Moody’s Analytics, the general pattern of growth stills favors the South and the West, however.  For instance, the West, which encompasses technology hotspots like San Jose and Seattle, is creating the largest share of high wage jobs, defined as those paying more than $80,000 a year. 

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The Morning Economic Report
5:30 am
Thu August 14, 2014

Middle Tier Job Growth - 8/14/14

The most recent jobs reports indicate that there is growing labor market momentum in a number of middle-wage occupational categories.  According to research conducted by JP Morgan Chase, hiring in occupations that require significant skills within manufacturing, sales and construction has risen 2.9 percent since the start of 2013, outpacing overall employment growth. 

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The Morning Economic Report
5:30 am
Wed August 13, 2014

Deleveraging of the American Household - 8/13/14

There has been much talk in recent years about the deleveraging of the American household.  The notion is that the recession had a jarring effect on people’s perceptions of their own economic security, with rising insecurity translating into less debt accumulation and accelerated repayments.  That may be, but America still has a debt problem.  A recent study by the Urban Institute estimates that 1 in 3 adults with a credit history, or about 77 million people, have at least one account in collections.  The study examined non-mortgage debt, including auto loans, medical bills, credit card bal

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The Morning Economic Report
8:47 pm
Mon August 11, 2014

U.S. Labor Market - 8/12/14

That the U.S. labor market’s rate of improvement has accelerated is apparent.  For the last six months, the nation has managed to add more than 200,000 jobs, the longest such winning streak since 1997.  But the quality of jobs being added continues to be mediocre, inducing many people to work more than one job.  For instance, according to the U.S. Department of Labor, 115,000 people in the U.S. who are over the age of 55 are working 3 jobs. 

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The Morning Economic Report
8:00 pm
Sun August 10, 2014

Lower Marriage Rates - 8/11/14

A growing proportion of young Americans is saying "I don’t" to marriage.  As reported by CNN, today’s young adults are on track to sustain the lowest rates of marriage by age 40 relative to any previous generation.  At the current pace, more than 30 percent of Millennial women will remain unmarried by the age of 40, nearly twice the share of their Generation X counterparts according to a recent Urban Institute report. 

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The Morning Economic Report
11:59 am
Fri August 8, 2014

Subprime Auto Loans - 8/8/14

Years ago, there was a subprime mortgage boom.  Banks and other financiers were increasingly offering loans to people with checkered or undeveloped credit histories.  This helped to fuel a housing boom, which ultimately crashed, burned and led the balance of the U.S. economy into what was arguably its deepest post World War II recession. 

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The Morning Economic Report
12:58 pm
Thu August 7, 2014

Median Household Income - 8/7/14

The median American household has become poorer over the past decade despite the complete recovery of many U.S. stock indices and five years of economic recovery.  According to a study financed by the Russell Sage Foundation, the inflation adjusted net worth of the typical American household was around $88,000 in 2003. 

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