Media and Real Estate Reactions

We have a leadership that's anti-business,complained billionaire Sam Zell,Co-Founder and Chairman of Equity Group Investments,who is steeped in his real estate and media conglomerate businesses.You're not gonna get growth unless the business community signs on.The National Labor Relations Board went after Boeing,the biggest exporter in America.I think the whole world is slowing;the world is wondering what's next.High levels of uncertainty are not good for investment.We've moderated our risk.I don't think the office market in the U.S. is in great shape.D.C. is particularly weak.There's very little robust growth in the office market across the country.I think the single family market is different than other real estate.There's an obvious oversupply of housing units,and it's relative to affordability as well.Supply/demand is getting a little better;but the ability of people to qualify for a loan isn't getting better,Mr.Zell noted.Equity Group Investments is a diversified international holding company.Started in 1968,it is one of the largest owners of apartment buildings and manufactured homes.Its portfolio notably includes The Tribune Company,which is a major newspaper publisher and television broadcaster,as well as energy,transport and communications interests. Boeing(BA)