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
10:07 pm
Wed April 2, 2014

Globalization - 4/3/14

There are many among us who do not view globalization favorably.  As pointed out by writer Eduardo Porter, globalization is now often perceived as a leading driver of rampant inequality and wage stagnation.  This view is hardly universal despite the fact that in an American context globalization may have contributed to a stalling of middle class incomes and a surge of income growth among the top 1 percent.  If the world were viewed as a single nation, income inequality has in fact declined and middle class incomes have expanded more rapidly than those at the top.  

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The Morning Economic Report
10:10 pm
Tue April 1, 2014

Economic Recovery - 4/2/14

The U.S. economy officially emerged from recession in June 2009.  That means that in just three months, America will commence its sixth year of economic recovery.  But a survey conducted last week by NBC News and the Wall Street Journal found that 57 percent of respondents still think that the economy is in recession. 

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The Morning Economic Report
9:53 pm
Tue April 1, 2014

Long-Term Unempolyment - 4/1/14

A new paper authored by three Princeton economists, including Alan B. Krueger, the former chairman of President Obama’s Council of Economic Advisors, indicates that long-term unemployment is even more problematic than conventional wisdom suggests.  According to the paper, the long-term unemployed are "an unlucky subset of the unemployed." 

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The Morning Economic Report
5:30 am
Mon March 31, 2014

Economic Indicators and International Students - 3/31/14

Economists love leading economic indicators.  As many people are aware, economists do not have a great reputation for forecasting accuracy.  So we are always on the hunt for leading indicators that might help to improve our record.  Here’s a prediction. 

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The Morning Economic Report
5:30 am
Fri March 28, 2014

Dynamics of Federal Lending - 3/28/14

A recent Wall Street Journal article highlights some very interesting dynamics in the world of federal lending to small businesses.  For instance, in 2008, African-American owned businesses received 11 percent of all Small Business Administration loans.  Last year, that share was down to just 2.3 percent of the federal agency’s approximately 54,000 loans. 

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The Morning Economic Report
5:30 am
Thu March 27, 2014

Funding for High Tech Industries - 3/27/14

Most observers seem to agree that for America to fulfill its economic potential, it must continue to dominate emerging high tech industries.  For that to happen, America must continue to fund basic scientific research.  But in recent years, federal funding for basic research has declined.  Labs are being shuttered.  Scientists are being dislocated and research projects are being postponed or simply abandoned. 

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The Morning Economic Report
5:30 am
Wed March 26, 2014

Market Share of Income - 3/26/14

A recently released International Monetary Fund paper indicates that "In the United States, the share of market income captured by the richest 10 percent surged from around 30 percent in 1980 to 48 percent by 2012."  The paper also points out that the income share of the richest 1 percent increased from 8 percent to 19 percent over that period, but that even more striking was the fact that the income share of the richest 0.1 percent went from 2.6 percent to 10.4 percent. 

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The Morning Economic Report
5:30 am
Tue March 25, 2014

Impact of Income Levels - 3/25/14

A recent New York Times article highlighted the incredible impact of different income levels in different communities.  The two communities of focus were Fairfax County, Virginia, one of America’s most affluent counties, and McDowell County, West Virginia about 350 miles away.

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The Morning Economic Report
5:30 am
Mon March 24, 2014

Income Inequality Historically - 3/24/14

There was a time when conventional wisdom suggested that as economies developed, income inequality would decline largely through the formation of larger middle classes.  Some of this wisdom was set forth by Belorussian-born American economist Simon Kuznets. 

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The Morning Economic Report
9:28 am
Sat March 22, 2014

Household Wealth - 3/21/14

According to the Federal Reserve’s latest quarter report regarding U.S. finances, household wealth expanded 13.8 percent last year, the fastest rate of growth in American wealth since 2004.  Rising equity and home prices contributed heavily.  The value of stocks and mutual funds held by individuals rose by more than 30 percent, which according to Moody’s Analytics represents the largest dollar increase in history.  Homeowners’ equity grew 29 percent, with gains on part with those registered during the boom times of the previous decade.

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