The Morning Economic Report | WYPR

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.

A recent report from the National Academies of Sciences, Engineering and Medicine analyzes the economic and fiscal implications of immigration to the U.S.  Between the mid-nineteen nineties and twenty fourteen, the number of immigrants living in America increased by more than seventy percent, from fewer than twenty five million in nineteen ninety five to more than forty two million by twenty fourteen. 

Refugees - 10/10/16

Oct 11, 2016

There is a raging debate regarding whether America should be welcoming to refugees.  There are many considerations ranging from national security to humanitarian.  A new study by Harvard University’s George Borjas and the Center for Monetary and Financial Studies’ Joan Moras analyzes evidence from four earlier refugee surges and reminds us that there are important economic considerations as well. 

If you are a high school senior, you may be thinking long and hard about the institutions of higher education you may want to attend.  By now, you should have figured out that while money isn’t everything, it is an unavoidable aspect of our shared human existence. 

The Census Bureau recently released results of its twenty fifteen American Community Survey.  Among other things, the survey allows for comparisons of incomes city by city.  These data indicate that incomes are presently expanding most rapidly in the American south. 

One of the many policy debates regarding the functioning of the U.S. labor market is the question of how generous unemployment insurance benefits should be.  Those who favor generous benefits point out that the more money households are able to spend after losing a job, the more stable is macroeconomic activity, including during periods of recession. 

Americans don’t seem to agree upon much these days from the perspective of economic policymaking, whether the subject is taxes, regulation, interest rates, free trade or immigration.  But one area of growing consensus is infrastructure. 

Some have heaped praise on Russian President Vladimir Putin recently.  But while America is experiencing a period of accelerating income growth and low inflation, the Russian government is running out of cash. 

Median household income in the U.S. rose to around fifty six thousand five hundred dollars last year.  According to Census Bureau data, incomes rose among African American families, Hispanic families, Asian Americans and Caucasians.  As indicated by writer Neil Irwin, it also increased for young people and among households headed by middle aged adults and older people. 

Earlier this month, the Census Bureau supplied some long anticipated good news for America’s working class – incomes for the typical household increased by a robust five point two percent last year.  What was perhaps most interesting was that average incomes expanded the most among families earning the least. 

The number of studies pertaining to the potential impacts of global warming continues to expand.  Many focus on damage to property or to key industries like agriculture and tourism.  But the impacts go well beyond that. 

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