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
9:08 am
Fri May 1, 2015

Car Choices in Upscale Zip Codes - 5/1/15

What you drive says a lot about you, at least that’s according to an analysis of data sourced from credit-reporting firm Experian.  The analysts looked at the most popular luxury cars in some of America’s most upscale zip codes.  As reported in the Wall Street Journal and in other media outlets, the analysis reveals some district regional preferences.  For instance, in the 90210 zip code of Beverly Hills, California, car purchasers love their Mercedes, whether the S, E or C Class. 

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The Morning Economic Report
8:54 am
Thu April 30, 2015

Views on Redistribution - 4/30/15

As pointed out by writer Neil Irwin, since the nineteen seventies, middle class incomes have been stagnant in inflation adjusted terms while the wealthy have tended to do much better.  Accordingly, income and wealth inequality have risen.  Despite that, the views of Americans about whether the government should work harder to redistribute income, by taxing the rich more aggressively, for instance, have either remained roughly unchanged or shifted toward greater skepticism regarding the benefits of redistribution.

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The Morning Economic Report
8:53 am
Wed April 29, 2015

The Music Industry in the Digital Age - 4/29/15

The advent of the Internet has disrupted the operations of many industries, including retail trade, newspapers and communications.  One economic segment that stands out in terms of being impacted by the Internet is the music industry, often negatively. 

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The Morning Economic Report
11:18 am
Tue April 28, 2015

The Nation's Top Four Hundred Taxpayers - 4/28/15

According to the most recently available data from the Internal Revenue Service, the average income of the nation’s top four hundred taxpayers in twenty twelve was three hundred and thirty six million dollars.  The top four hundred group, which changes from year to year, enjoyed a much better payday than they did in twenty eleven, when their average adjusted gross income was roughly two hundred and twenty million dollars.

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The Morning Economic Report
8:58 am
Mon April 27, 2015

Quality of Life Around the World - 4/27/15

America is number one is many things, but not in terms of quality of life, at least according to the twenty fifteen Social Progress Index.  The Index was created as a way to rank societies based on how well they meet the needs of their citizens.  The United States ranks sixteenth in the world.  America ranks thirtieth in life expectancy and fifty fifth in women surviving childbirth. 

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The Morning Economic Report
9:03 am
Fri April 24, 2015

Economic Impacts of Medical Breakthroughs - 4/24/15

It is difficult to find economic phenomena that are purely beneficial.  With almost all things, there is good and bad.  Take medical breakthroughs as an example.  One might think that increasingly effective therapies for various conditions could only be a good thing.  But even medical progress can produce some undesirable outcomes. 

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The Morning Economic Report
9:25 am
Thu April 23, 2015

Potential Growth - 4/23/15

Not only did the global rate of growth slump during the economic downturn that lasted from two thousand and seven to two thousand and nine, but according to the International Fund, world’s growth potential also took a big hit.  Potential growth represents the measure of how rapidly economies can expand over time without triggering unacceptably high rates of inflation. 

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The Morning Economic Report
10:38 pm
Tue April 21, 2015

Variation in Economic Data - 4/22/15

After an employment report earlier this month indicated that the U.S. added just one hundred and twenty six thousand jobs in March, the fewest since December of twenty thirteen, some economic observers became concerned that the economic expansion was running out of steam.  But an even more recent Labor Department report indicates that the number of job openings in the U.S. rose three point four percent in the latest month for which data are available to five point one million – that’s a fourteen year high. 

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The Morning Economic Report
9:00 am
Tue April 21, 2015

A Weaker Economy Than Anticipated - 4/21/15

A considerable volume of economic data have collectively indicated a weaker economy than anticipated.  Coming into the year, many economists had predicted that twenty fifteen would be the first year since two thousand and five that U.S. output would climb by more than three percent.  Impressive job growth was supposed to bolster wage growth.  Faster wage growth coupled with lower fuel prices were to accelerate retail spending, which in turn would help increase investment. 

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The Morning Economic Report
2:21 pm
Mon April 20, 2015

Gradual Housing Market Recorvery - 4/20/15

While the rental housing market continues to surge in much of America, the owner-occupied portion of the nation’s housing market continues to recover only gradually.  Multifamily construction, which includes apartments, has fully recovered to pre-recession levels according to Moody’s Analytics.  But sales of new single family homes are still only about two thirds of the pre-housing boom volume. 

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