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
8:16 am
Fri March 20, 2015

Government Spending on College Students - 3/20/15

As recently reported by Bloomberg, in forty-eight U.S. states, government spending on each college student remains below where it was before the recession that began in December of 2007.  Governors in Wisconsin, Louisiana, Illinois, Arizona, Alaska, West Virginia and Connecticut are each poised to reduce support for colleges and universities in budgets under consideration this year. 

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The Morning Economic Report
8:56 am
Thu March 19, 2015

Job Market for College Graduates - 3/19/15

The job market for recent college graduates continues to improve based on a survey of roughly sixty seven thousand members of the class of 2014.  Preliminary results from the National Association of Colleges and Employers’ First Destination Survey indicate that fifty three percent of bachelor’s degree graduates were employed full-time this winter. 

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The Morning Economic Report
9:10 am
Wed March 18, 2015

Luxury Home Market - 3/18/15

While America’s apartment market continues to boom as homeownership rates fall in America, the owner occupied portion of the housing market continues to recovery slowly.  One exception to this is the market for newly constructed luxury homes.  The expanding wealth of the already rich is impacting the demand for expensive new construction. 

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The Morning Economic Report
9:08 am
Tue March 17, 2015

Plunge In Grain Prices - 3/17/15

While much of the economy is now steadily improving, circumstances for many grain farmers have become deeply problematic.  Across the Midwest and elsewhere, a plunge in grain prices to near four-year lows is making it difficult for tenant farmers to make their rent payments.  As reported by the New York Times, many rent payments, which vary from a few thousand dollars for a tiny farm to millions for a major operation, were due on March first. 

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The Morning Economic Report
9:13 am
Mon March 16, 2015

Wasted Food Around the World - 3/16/15

Americans are said to be wasteful.  We are not alone.  As reported by the U.K-based nonprofit Water and Resources Action Program, the world wastes 400 billion dollars in food each year.  The vast majority of food is wasted in Asia, followed by Europe and North America. 

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The Morning Economic Report
9:29 am
Fri March 13, 2015

Mixed Views on the Economy - 3/13/15

Nearly six years after the end of the Great Recession, the views of Americans regarding the performance of the broader economy and their household finances remains decidedly mixed.  The Pew Charitable Trusts’ recently polled seven thousand US households.  Results of the survey were recently highlighted by the Associated Press.  The survey indicates that fifty-seven percent of Americans don’t consider themselves ready for a sudden financial setback.  Perhaps even more remarkably, fifty-five percent say that they break even or spend more than they make each month. 

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The Morning Economic Report
5:30 am
Thu March 12, 2015

Equality for Women - 3/12/15

Despite calls for equality for women emerging from Hollywood and other corners of the world, the fact of the matter is that American women have been making progress relative to American men along many dimensions in recent decades. 

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The Morning Economic Report
9:14 pm
Tue March 10, 2015

Spending Growth - 3/11/15

America’s consumers have been increasing their spending at a decent pace for several years now, but spending growth has fallen short of prior economic recoveries.  Accordingly to Moody’s Analytics, year-over-year spending gains have averaged four percent over the past four years, well below the five point four percent growth observed coming out of the two thousand and one recession. 

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The Morning Economic Report
8:20 am
Tue March 10, 2015

Economic Impact of Labor Unions - 3/10/15

Very few economic issues are as emotional as those that relate to the impact of labor unions.  Many believe that unions represent a bedrock of America’s middle class, while others believe that they produce economic inefficiency and lost jobs.  Available research supports all sides of the argument. 

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The Morning Economic Report
1:01 pm
Mon March 9, 2015

The Truth About Income Inequality - 3/9/15

There is a conventional view that income inequality has increased without interruption in America.  While it is clear that income inequality remains extremely high from a historical perspective, a new analysis by Stephen J. Rose of George Washington University, which was recently featured in the New York Times, adds a new wrinkle to the story. 

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