The Morning Economic Report

Monday-Friday at 7:33 am

The Morning Economic Report is on hiatus while Anirban Basu serves on the transition team of Governor-elect  Larry Hogan.

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
5:21 pm
Mon November 17, 2014

Fast Food Wages - 11/13/14

Fast food workers in the U.S. are not generally associated with high wages.  But there are parts of the word in which such workers make plenty of money, at least by American standards.  Writers Liz Alderman and Steven Greenhouse point out that in a recent article that they base wage for fast food workers throughout Denmark is equivalent to about $20 an hour, or about 2 and a half times what many fast food workers earn in America. 

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The Morning Economic Report
4:57 pm
Mon November 17, 2014

Helicopter Parents - 11/12/14

One of the terms that has become increasingly popular in our contemporary lexicon is helicopter parent.  These parents loom over their children like a news-chopper hangs over traffic, but instead of reporting outcomes, these parents are trying to shape them.  Like many social phenomenon, the emergence of helicopter parents is firmly rooted in economics.

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The Morning Economic Report
5:30 am
Tue November 11, 2014

American Economic Resiliency - 11/11/14

The American economy is highly resilient, including to global economic dislocations.  As pointed out in a recent article authored by writer Teresa Tritch, during the late 20th century, the world was waylaid by episodes such as the Asian financial crisis, Russian debt default and the collapse of hedge fund Long Term Capital Management.  Through it all, the U.S. economy didn’t falter.  In fact, the U.S. economy boomed toward the tail end of the century. 

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The Morning Economic Report
9:02 am
Mon November 10, 2014

U.S. Energy Production - 11/10/14

Recent declines in oil and gasoline prices represent good news for U.S. consumers and many retailers, but have the potential to diminish U.S. energy production, which has emerged as a foundational element of the current economic recovery.  Through late October, oil prices were down by about 25 percent from early summer and presently stand at around $80 a barrel. 

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The Morning Economic Report
8:35 am
Fri November 7, 2014

Young People Love Cities - 11/7/14

Young people love cities.  Perhaps this is true for most generations, but the current generation of American young people, including highly educated ones, appear to be especially fond of city centers.  According to a recently published report by City Observatory, a new think tank, the number of college-educated people ages 25 to 34 living within 3 miles of city centers has surged – up 37 percent since 2000. 

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The Morning Economic Report
8:29 am
Thu November 6, 2014

New Home Sales Data - 11/6/14

The Commerce Department recently reported that new home sales rose 0.2 percent in September from the prior month.  That’s newsworthy, but the real news comes in the form of the margin of error.  As reported in the Wall Street Journal, that 0.2 percent growth figure came with a margin of error of 15.7 percentage points.  That means that new home sales may have actually risen by 15.9 percent in September, or perhaps they were down by 15.5 percent. 

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The Morning Economic Report
2:24 pm
Wed November 5, 2014

Renting on the Rise - 11/5/14

Since 2008, the year during which investment bank Lehman Brothers faltered and home prices collapsed, there has been a steady increase in the number of people ages 18 to 34 renting instead of buying.  This has unleashed a flurry of apartment construction in many markets, including in both Baltimore and Washington. 

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The Morning Economic Report
8:37 am
Tue November 4, 2014

Psychological Disadvantages of Wealth - 11/4/14

Many of us have thought about what it would be like to really rich – perhaps by winning the lottery or inducing someone to pay too much for our business.  But the age-old refrain of be careful of what you wish for is a useful one since there evidence suggesting that being really rich often serves as a pathway to heartache.

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The Morning Economic Report
8:30 am
Tue November 4, 2014

Wealth to Income Ratio - 11/3/14

According to Credit Suisse, the ratio of wealth to income in America hit a post-World War II record.  Wealth in America has simply skyrocketed in recent years, driven primarily by surging stock prices.  Those surging equity prices mostly benefit the rich, helping them to widen the wealth gap with the balance of the population. 

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The Morning Economic Report
8:24 am
Tue November 4, 2014

Ebola Economics - 10/31/14

The spread of Ebola represents more than just a global medical emergency – it is also an economic event.  As reported by the Economist magazine, the first reported case in the Ebola outbreak presently ravaging West Africa dates back to December of last year in a forested area of Guinea near the border with Liberia and Sierra Leone.  Travelers to the region helped spread the disease – by late March, Liberia reported 8 suspected cases and Sierra Leone six. 

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