Rents for Rich People Stores Goes Through the Roof

With the “Big Three” begging for money on Capitol Hill like the homeless, uncertainty in the market, and the national worriment of President Bush holding the reigns till noon on January 20th of next year, the economy isn’t likely to rebound anytime soon which could make for a very bad holiday season for the city’s upscale retailers. Especially the ones located on Fifth Avenue aka the “world’s most expensive shopping street,” for the seventh year in a row. |Bloomberg|