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
8:17 am
Fri February 27, 2015

Gaming Markets - 2/27/15

Retail sales figures for both December and January were disappointing.  This has surprised many economists since logic dictates that consumers would have spent more freely over the last couple of months due to the combination of an improving labor market and low gasoline prices.  Some economists have suggested that consumers are spending more, but not on retailed items. 

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The Morning Economic Report
8:15 am
Thu February 26, 2015

Improving U.S. Labor Market - 2/26/15

The U.S. Labor Department recently reported that the number of available jobs posted by U.S. employers expanded in December to its highest level in 14 years.  The implication is that job growth will continue to be brisk.  Employers also have been filling more available jobs as more people jump back into the labor force, and more people are also quitting their jobs, another indication of an improving U.S. labor market. 

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The Morning Economic Report
8:11 am
Wed February 25, 2015

Job Market in High Gear - 2/25/15

The U.S. job market is now in high gear.  During the three month period beginning November first of last year, employers hired more than one million net new workers, the best performance over a three-month period since 1997.

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The Morning Economic Report
8:17 am
Tue February 24, 2015

Different Approach to Attract Business - 2/24/15

Economic development strategies often recommend that communities target key industries in which the community has apparent or potential competitive advantage.  In Maryland, focus has often been placed on industries like the life sciences, cyber security and government contracting.  The recent experience of New York City suggests there is an alternative approach – simply offer an attractive and interesting place in which to conduct business, and job growth and opportunity will follow. 

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The Morning Economic Report
10:12 am
Mon February 23, 2015

Economic Factors in the Educational Achievement Gap - 2/23/15

Innumerable studies collectively indicate the presence of a chasm-like educational achievement gap between America’s richest and poorest children.  For years, educators, policymakers and others have sought to close that gap, in part to promote greater social justice.  Researchers at the Washington Center for Equitable Growth went one step further, and estimated how much the education gap costs America in terms of economic expansion and tax revenues. 

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The Morning Economic Report
9:08 am
Fri February 20, 2015

Affordable Care Act Tax Penalty - 2/20/15

According to the U.S. Treasury Department, between 3 and 6 million Americans will have to pay an Affordable Care Act tax penalty for not having health insurance last year.  The penalty for failing to have health insurance in 2014 is $95, or 1 percent above a certain income threshold, which means that some people will end up owing quite a bit of money. 

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The Morning Economic Report
8:33 am
Thu February 19, 2015

Home Remodeling Market - 2/19/15

Despite faster employment growth, including in middle-wage industries like manufacturing, and incredibly low mortgage rates, the overall U.S. owner-occupied housing market is still struggling to gain substantial momentum.  However, as indicated by a recent report released by Harvard University’s Joint Center for Housing Studies, the home remodeling market continues to flourish. 

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The Morning Economic Report
8:29 am
Wed February 18, 2015

Oil Production - 2/18/15

Though lower oil prices are generally viewed favorably by many economic actors, this is less likely to be the case in oil producing states like Texas and North Dakota.  For several months, oil industry and other analysts have been predicting major reductions in investment related to oil production.  Those predictions may turn out to be true, but to date there is little evidence that oil-related investment is collapsing according to Bloomberg. 

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The Morning Economic Report
8:44 am
Tue February 17, 2015

Economic Growth - 2/17/15

According to Moody’s Analytics, economic growth is now evident across most of the country.  On a handful of small metropolitan areas is in recession, and each of them is constrained by a unique feature such as an extremely intense reliance upon federal spending or a single product.  Income growth continues to be strongest in the West, where expanding technology industries pay high wages. 

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The Morning Economic Report
6:12 pm
Mon February 16, 2015

Economic Recovery and the One Percent - 2/16/15

Emmanuel Saez, the economics professor from the University of California-Berkeley best known for analyzing IRS numbers that help characterize income inequality, recently released his preliminary estimates for 2013. 

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