Anirban Basu | WYPR

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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Next time you go to the mall, you should probably give it a big hug and wish it luck. A new report from Credit Suisse predicts that between 20 and 25 percent of American malls will close within five years. As reported by CNNMoney, that level of dislocation would be unprecedented in the nation’s history.  

Anirban has more. 


Retirement Savings

Jun 15, 2017
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The data regarding how few Americans are ready for retirement are simply staggering. According to a report from the Economic Policy Institute, nearly half of families have no retirement account savings at all.  The median retirement savings figure among all working age families in the United States is just $5,000.

Karine Clessia/flickr

Remember when we used phones primarily to make phone calls. Now we text, tweet, Snap, bank, shop, order food and transportation on our devices. We also play a lot of games. For the first time ever, revenue from computer games exceeded $100 billion globally in a single year. The gamer capital of the world is China, which has overtaken the U.S. in terms of market size.

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It is well known that less educated workers tend to make less money than those with more education.  Recent data indicate that that’s hardly where the differences end. The Federal Reserve Bank’s latest Survey of Household Economics and Decision making, a treasure trove of workforce data derived from the survey responses of more than 600 respondents, indicates that less educated workers also suffer irregular, unpredictable work schedules. 

Rising Wages

Jun 12, 2017
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Economists have been debating one of the economy’s central mysteries for months – with unemployment rates so low, why are wages rising barely faster than the pace of inflation.  As workers become more difficult to recruit, the notion is that compensation should be bid higher, but that isn’t happening at the pace one might expect... 

Glenn Carstens-Peters/Unsplash

You may have noticed that the stock market has been on quite a tear recently. However, volatility may be on the way back. Recently, the Dow Jones Industrial Average plunged by more than 370 points, or by 1.8 percent during a single day due to political turmoil in Washington, D.C. But that was just one day and the stock market quickly recovered.

Anirban has more. 


There was a time after last year’s elections that many experts were predicting a sharp bounce in economic growth in the U.S. As indicated by writer Nelson Schwartz, that sharp bounce is beginning to look more like a small bump. It is not that the economy is necessarily weakening or that a recession is imminent. Rather, it appears that the pace of growth this year won’t be much more than it was last year or the year before that.  

Anirban has more. 


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While there has been a considerable volume of discussion recently regarding the curtailment of immigration in America, recent data indicate that through 2016, the foreign born share of the labor force continued to expand. According to U.S. Labor Department data, last year, there were 27 million foreign born people in the U.S. Labor Force. That translates into nearly 17 percent of the workforce. 

Anirban has more.

Rural Poverty

Jun 7, 2017
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When people consider the presence concentrations of poverty in America, they may envision the conditions frequently associated with inner cities. Indeed, beginning at some point during the 1980s, the nation’s most challenging communities were often found in cities, where a combination of crime and suburban flight rendered large cities less economically vibrant.

Anirban has more. 


Ricardo/flickr

Despite forecasts suggesting that 2017 would be better for the global economy than 2016, economic growth during 2017’s initial quarter in developed economies slowed sharply. The Organization for Economic Cooperation and Development recently indicated that the combined economic output of its 35 members expanded just 0.4 percent during the first quarter.  

Anirban has more. 


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