Trump Cowers

In yet another reminder that no one is immune to the global credit crunch, Donald Trump is delaying construction of 500 private homes on his giant Scottish golf resort. The controversial $2 billion resort will also include an 18-hole golf course, a hotel and 36 golf villas—all built on top of protected sand dunes. But with the housing market the way it is, the curiously coiffed mogul has decided to hold up on his plans. “We can’t help but acknowledge the slow-down in the market. We have to sell [the houses], so we’re not going to build anything until it feels right,” said Trump’s lawyer George Sorial. With Trumpian flare, Sorial added that interest in the unbuilt, now-delayed homes has been “overwhelming.”