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
8:27 am
Tue August 25, 2015

Condominium Market Lacking Momentum - 8/25/15

The housing market is now in its fourth year of recovery.  Construction of single family homes and multifamily rentals has been rebounding.  But for a variety of reasons, the nation’s condominium market is having difficulty regaining momentum.  During the first quarter of twenty fifteen, condominium construction accounted for only five point five percent of all multifamily development in the U.S. 

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The Morning Economic Report
12:35 pm
Mon August 24, 2015

Too Many Tourists - 8/24/15

Many cities around the world strive to attract tourists by supporting hotel development, financing sporting venues, building convention centers and funding marketing organizations.  But there are some cities that actually work to keep visitors away.  As reported in Bloomberg, the mayor of Barcelona has advocated for a cap on the number of tourists in the city, the world’s eleventh largest destination for overnight visitors last year. 

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The Morning Economic Report
9:28 am
Fri August 21, 2015

Rental Burden Continues to Increase - 8/21/15

Apartment rents continue to climb in America.  According to a new report by Zillow, renters can expect to pay thirty point two percent of their income on rent.  That is the highest percentage on record according to Zillow, which possesses data tracing back to nineteen seventy nine.  The number is significant in part because it indicates that rental burdens have now crept past the thirty percent threshold, which many economists consider an affordable portion of income. 

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The Morning Economic Report
8:16 am
Thu August 20, 2015

How Long Can the Economic Recovery Last? - 8/20/15

The U.S. economic recovery, now in its seventy fourth month, is set to continue.  There have been longer periods of consistent growth in America’s economic history, but not many.  Therefore, it might be reasonable to start wondering when the next downturn will arrive.  According to Moody’s Analytics, the current economic expansion still has a few more birthdays to celebrate. 

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The Morning Economic Report
8:21 am
Wed August 19, 2015

Silicon Valley's Diversity Record - 8/19/15

The recent elevation of Indian-born Sundar Pichai to CEO of Google represents another instance of someone from a minority group rising to the top in Silicon Valley.  People of Indian origin also serve as CEOs at companies like Microsoft and Adobe Systems.  But despite the presence of these very visible tech stars, Silicon Valley has actually had a relatively poor diversity record. 

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