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 presidential candidate has proposed a forty five percent tariff on Chinese imports.  As indicated by writer Michael Schuman, the theory is that this would protect American jobs.  However, what’s more likely according to Schuman is that these new tariffs would trigger a cascade of global economic consequences, mostly negative. 

Yes, college is expensive.  But according to new data from the Economic Policy Institute, in nearly half the nation, it’s now more expensive to educate a four year old in preschool than an eighteen year old in college. 

There is a conventional wisdom that suggests that student debt has resulted in delayed economic maturation among millennials.  These young people are so overburdened with debt, they lack the wherewithal to form households, purchase homes, and otherwise engage economic life. 

Many economists have expressed concern regarding the unsatisfactory rates of growth being posted by the U.S.  U.S. economic growth has consistently fallen below the three percent per annum threshold for a decade and twenty sixteen is off to a slow start. 

A recent analysis supplied by the National Partnership for Women & Families analyzed the pay of full time, year round employees in the fifty states.  As reported in the Baltimore Sun, the study determined that women are paid 85 cents for every dollar men earn, representing an annual pay gap exceeding eighty six hundred dollars. 

A recent study published in the Journal of the American Medical Association put a new spin on raging discussions regarding income and wealth inequality in the U.S – the research finds that adults with the lowest incomes die on average as young as people in much poorer nations like Rwanda. 

See that gold ring on your finger or those gold earrings in your rearview mirror – they’re worth more now.  As indicated by CNNMoney, a combination of early year market turmoil, the ongoing erosion of confidence in central banks around the world and a dash of geopolitical chaos helped the price of gold post its best quarter since nineteen eighty six. 

This presidential election cycle has brought enormous attention to the issues of free trade and manufacturing job loss in America.  Some of the focus has been on the North American Free Trade Agreement with Mexico and Canada, which went into effect in 1994.

Many in Silicon Valley and other tech hotspots around the nation speak of the gig economy – a circumstance in which work consists of a series of short-term jobs coordinated through a mobile application.  As pointed out by writer Neil Irwin, while such an economy creates opportunities for companies like Uber among others, it raises significant concerns regarding the nature of work and compensation going forward. 

Many of us refer to today as tax day.  Others might be more likely to refer to April 15th as tax avoidance day.  As reported by the Washington Post, U.S. companies stashed another $200 billion in profits overseas last year, escaping billions of dollars in taxes in the process. 

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