The Morning Economic Report

Monday-Friday at 7:33 am

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. 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.

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The Morning Economic Report
9:10 am
Thu October 30, 2014

Younger Workers - 10/30/14

One of the conventional wisdoms regarding the U.S. labor market is that, on average, younger workers don’t stick around in any one job for very long.  Indeed, according to a report from the Bureau of Labor Statistics, the median tenure of workers ages 25 to 34 is only three years, less than a third of the tenure among people ages 55 to 64 years old.  As reported by CNBC, one of the reasons for this is that younger workers tend to prioritize work that feels meaningful over salary, which may help prompt higher turnover.  Given the emergence of freelancers, the current generation of young people is likely to work for more employers than any other. 

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The Morning Economic Report
9:09 am
Wed October 29, 2014

Black Tuesday - 10/29/14

Eighty-five years ago today, the world changed.  That day was known as Black Tuesday.  Investors traded more than 16.4 million shares on the New York Stock Exchange during a single day, a massive tally at the time.  Billions of dollars in paper wealth were lost, wiping out thousands of investors.  In the aftermath of Black Tuesday, America and the balance of the industrialized world spiraled downward into the Great Depression. 

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The Morning Economic Report
8:10 pm
Mon October 27, 2014

Poverty in America - 10/28/14

Poverty is declining in America.  According to the Census Bureau’s annual report on income and poverty, the official U.S. poverty rate declined in 2013 for the first time since 2006, falling from 15 percent to 14.5 percent.  Better full-time employment opportunities helped lift many out of poverty according to analyst Ilir Hysa. 

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The Morning Economic Report
9:17 am
Mon October 27, 2014

Wage Pressures - 10/27/14

One of the biggest questions facing the economy in 2015 is whether for the first time in many years we’ll observe large-scale wage pressures in America.  As many know, wages have not expanded rapidly in recent years and most measures of labor compensation from the Bureau of Labor Statistics indicate that wage growth remains stuck at around 2 percent per annum. 

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The Morning Economic Report
8:31 am
Fri October 24, 2014

Unpredictable Consumer Behahior - 10/24/14

Economics would be much easier if it didn’t involve the study of people.  While economic theory often revolves around the critical assumption that people are rational economic actors, the fact of the matter is that people are incredibly unpredictable. 

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The Morning Economic Report
9:02 am
Thu October 23, 2014

Global Optimism - 10/23/14

Over the course of roughly the past two hundred years, millions of people have come to America in the hopes of building better, safer lives.  But something remarkable seems to have happened in recent decades – people in many developing nations are now more optimistic than the people of the United States. 

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The Morning Economic Report
9:15 am
Wed October 22, 2014

Minimum Wage in Local Government - 10/22/14

The lack of significant wage growth in recent years is prompting more state and local governments to take matters into their own hands by raising minimum wages.  There is a federal minimum wage, of course, but Congress is not presently poised to consent to an increase in this $7 dollar 25 cent minimum wage.  So mayors and governors are taking matters into their own hands. 

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The Morning Economic Report
9:08 am
Tue October 21, 2014

Unemployment and Wage Increases - 10/21/14

Economists refer to it as a puzzle – why are wages not rising faster given recent declines in unemployment.  Hourly wages in the U.S. private sector actually fell by a penny in September and they’ve expanded at only a 2% rate over the past year.  Some economists believe that official unemployment rate measures do not accurately capture how much slack in the labor force. 

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The Morning Economic Report
8:26 am
Mon October 20, 2014

Alaska's Economy - 10/20/14

Many of the most rapidly expanding state economies are those that are rich in natural resources.  Look at a list of the states with the lowest rates of unemployment, and it will include North Dakota, Nebraska, Texas, Colorado and several other states that produce oil, natural gas, and/or other natural resource-derived products.  Given that, one might think that Alaska’s economy would be booming.  It’s not.

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The Morning Economic Report
9:07 am
Fri October 17, 2014

Declining National Debt - 10/17/14

There are many of us who fret about the nation’s financial future.  We are right to be concerned.  The accumulated national debt is racing toward the $18 trillion mark and there are unfunded liabilities beyond that, including future Social Security and Medicare expenditures. 

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