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
9:03 am
Mon June 15, 2015

Declining Funding for Scientific Research - 6/15/15

In recent years, federal funding for scientific research has been declining.  For instance, budgets at the National Institutes of Health are nearly twenty percent smaller than they were a decade ago.  In order to persuade Congress that investment in research is valuable, scientists have begun to publish economic statistics regarding the efficacy of R&D. 

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The Morning Economic Report
8:15 am
Fri June 12, 2015

Gloomy Economic Forecast - 6/12/15

Given how badly the U.S. economy performed during the first three months of the year, few economists still believe that American output will climb more than three percent this year.  Many forecasters are maintaining a forecast between two and three percent for twenty fifteen, which is essentially the pace of expansion that the U.S. economy has registered since the recession ended in mid-two thousand and nine. 

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The Morning Economic Report
8:27 am
Thu June 11, 2015

Job Cuts Caused by Low Oil Prices - 6/11/15

A number of states that had enjoyed booming economies due to growing oil production are now feeling the sting of cheaper oil.  Oil prices fell from roughly one hundred and ten dollars a barrel last June to around sixty dollars more recently.  In Oklahoma, employment in the state’s mining and logging sector, which mostly encompasses oil and gas drilling, declined for a fifth consecutive month in April. 

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The Morning Economic Report
5:30 am
Wed June 10, 2015

Super Companies and Income Inequality - 6/10/15

When people consider income inequality, they might fixate on CEO compensation.  After all, in 1978, CEOs at large U.S. companies made about thirty times the average worker.  Today, they make nearly three hundred times as much.  Conventional wisdom holds that certain CEOs are permitted to earn vast amounts of money because they supply prestigious and lucrative positions to their board members, who in turn rubber stamp their pay packages. 

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The Morning Economic Report
9:03 am
Tue June 9, 2015

Defining the Middle Class - 6/9/15

One thing that many Americans seem to agree upon is that the nation’s middle class is shrinking.  But not many people can actually define who is and who is not a member of the middle class.  A recent review by CNNMoney uncovered several ways that federal agencies, economists and others define middle class.  It is common for people to look first and foremost at one’s income. 

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