You are here

United States

Sam Zell Predicts Recession Next Year: "I'm Being Realistic, Not Pessimistic"

Despite the proclamations from any and every Federal Reserve talking-head, Sam Zell appears to be willing to 'peddle some fiction' about the less than awesome reality in America. Having correctly called the top of the last commercial real-estate cycle, Zell is predicting global problems will likely push the U.S. into a recession in the next year...

"I’m not being pessimistic, I’m being realistic,” he said last week at a real-estate conference in New York. The U.S. economy is now “in the ninth inning,” he said.

The High Price of ‘Reassuring’ Despotic Clients

William Hartung chides the Obama administration for trying to buy Saudi goodwill with weapons:

One justification that has been put forward for the continued flow of weaponry from the United States to Saudi Arabia is that it provides reassurance to the kingdom’s leadership that Washington won’t tilt toward the Iranians in the wake of the deal reached last year over Iran’s nuclear program. But if demonstrating a commitment to the Saudi government entails supporting deadly and reckless initiatives, like the war in Yemen, the policy is not worth the price.

Largest U.S. Health Insurer Is Done With Obamacare: UnitedHealth To Exit Most State Exchanges

As conclusion to our article yesterday reporting on the largest U.S. health insurer's accelerating exodus from various Obamacare markets (it had already announced it was out of Georgie, Arkansas, Michigan and Oklahoma) we said that UnitedHealth "will likely announce more defections in the coming days."

Pages