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.

Pages

The Morning Economic Report
5:30 am
Wed April 30, 2014

Consumer Spending on Healthcare - 4/30/14

After several years of decelerating healthcare spending, consumer spending on healthcare is beginning to climb rapidly again.  According to the US Commerce Department, consumer spending on healthcare climbed by $20.4 billion at an inflation-adjusted annualized rate in February.  About $13 billion of that increase was associated with outlays on health services spurred by the Patient Protection and Affordable Care Act of 2010.  

Read more
The Morning Economic Report
9:18 pm
Mon April 28, 2014

Venture Funding - 4/29/14

In a positive sign for both the U.S. economy and the diffusion of new technologies, investors placed $9.5 billion in venture funding during the initial three months of 2014.  That represents the highest quarterly total since the second quarter of 2001 and was up 57 percent from the same quarter one year prior.  Venture capital enables emerging companies to expand more rapidly through many mechanisms, including through marketing, distribution, and produce refinement.

Read more
The Morning Economic Report
9:11 am
Mon April 28, 2014

Raising Minumum Wage - 4/28/14

There are many reasons for the growing interest in raising minimum wages and establishing living wages across the nation.  Rising income inequality, slow wage growth and a desire to bolster consumer spending are among the most prominent considerations.

Read more
The Morning Economic Report
5:30 am
Fri April 25, 2014

Whistleblowers - 4/25/14

You may remember when you were in school, someone, perhaps your parents, advised you not to be a tattle-tail.  That advice should be reconsidered.  The Internal Revenue Service paid $53 million in awards to whistleblowers in fiscal year 2013 and collected $367 million based on information provided by tipsters. 

Read more
The Morning Economic Report
5:30 am
Thu April 24, 2014

Household Wealth and Spending - 4/24/14

American households have collectively experienced a surge in wealth that totals more than $25 trillion since early 2009 due to a combination of rising stock and housing values.  According to Michael Feroli, chief U.S.

Read more
The Morning Economic Report
5:30 am
Wed April 23, 2014

Tax Rates for the Wealthy - 4/23/14

If you make between half a million and ten million dollars per year, today’s installment may prove pretty upsetting.  You may find yourself gripping the wheel of your Mercedes a bit tighter than usual. 

Read more
The Morning Economic Report
5:30 am
Tue April 22, 2014

Wage Growth - 4/22/14

Even as the nation’s unemployment rate has edged lower, wage growth in America has remained sluggish after nearly 5 full years of economic recovery.  Over the last 12 months, nominal hourly wages are up by a modest 2.1 percent, which works out to about 1 percent when one adjusts for inflation.  As reported in the New York Times, during the second half of the 1990s, when employment fell to as low as 4 percent, competition for workers helped to drive real wages higher. 

Read more
The Morning Economic Report
5:30 am
Mon April 21, 2014

Job Growth in Oil and Gas - 4/21/14

One of the industries that has been adding jobs rapidly in recent years is the oil and gas industry.  The oil and gas industry has added roughly 270,000 jobs between 2003 and 2012.  This represents an increase of roughly 92 percent compared to an increase of 3 percent in all jobs during the same period. 

Read more
The Morning Economic Report
11:19 am
Fri April 18, 2014

Technology and the Workforce - 4/18/14

There is a feeling among many that technological progress threatens the well-being of the workforce.  After all, back in the 19th century, steam power and machinery destroyed many traditional jobs, but also created new ones.  This time, the culprits are computers, more powerful software, robots and other manifestations of progress.  These technologies have replaced manufacturing and service workers alike. 

Read more
The Morning Economic Report
5:30 am
Thu April 17, 2014

Population Growth - 4/17/14

Economists do not have a great reputation for forecasting accuracy.  Arguably, among the worst records is that of Thomas Malthus, the pessimistic Englishman who two centuries ago wrote, “The power of population is so superior to the power in the earth to produce subsistence for man that premature death must in some shape or other visit the human race." 

Read more

Pages