Donald Trump: ‘I Called the Recession First, Okay?’

FINANCE
• IPOs might be in a deep freeze, but buyout shop KKR is going to go public on the New York Stock Exchange sometime in the fourth quarter. The offering could value the company for as much as $15 billion. [NYP]
• "I was the first to call the recession two years ago on CNN and NBC," Donald Trump says, "and everyone said I was kidding." Fine! You win! Except nobody really wins. Because it's a recession. Jerk. [Telegraph]
• Greenlight Capital's David Einhorn, who bet that shares of Lehman Brothers would drop, isn't investing in distressed debt yet — he thinks the prices have further to fall. [FT]
• UBS suspended fixed-income head David Shulman in the wake of the investigations surrounding the bank's sales of auction-rate securities. [DealBook/NYT]

MEDIA
Vogue's Anna Wintour is meddling in the business that her glossy magazine reports: She extinguished the fire between Bill Blass fashion label and its star designer Peter Som. [NYP, Cut]
• Nina Garcia, now the fashion director at Marie Claire, has re-upped her contract with Project Runway. Does this mean that Marie Claire will be the reality show's new magazine sponsor? [WWD]
• Steve Jobs calls a New York Times reporter a "slime bucket who gets most of his facts wrong." Is this better or worse than President Clinton's calling a Vanity Fair reporter a "scumbag"? [Gawker]

REAL ESTATE
• Real-estate companies, including Vorando Realty Trust, the Kimco Realty Corporation, and Apollo Real Estate Advisers, have donated hundreds of thousands of dollars to representative Charles Rangel's fund-raising operation since 2004. [NYT]
• The townhouse at 22 East 71st Street, which the Salander-O'Reilly Galleries occupied until last year, when the art institution went under amid fraud accusations, is on the market for $75 million. [NYT]
• Hotel developer Sam Chang sold a 74,000-square-foot Times Square site for $59 million, which is a good return, considering that he paid $13.48 million for the parcel in 2006. [Real Deal]

LAW
Aaron Charney, the young lawyer who sued Sullivan & Cromwell for anti-gay discrimination, will join Clifford Chance next month, even after naysayers said his career in "big law" was over. [Above the Law]
• Former chief judge Charles Brieant, of the Southern District of New York, died from cancer. He was 85. [NYT]
• Three of the firms involved in the Guantánamo pro bono efforts may actually have received payment for their efforts. [Legal Blog Watch]