The IRS recently released 2009 tax data, it takes $343,927 in household income to make it into the top 1%; $154,643 to make the top 5%.
So, annualizing the 9-month salaries reported by the AACSB , a business school prof of any rank is top 5% … and full profs with working spouses are likely top 1%.
Hmmm
Don’t tell the Wall Street Occupiers…
P.S. Teaching profs rake in about $8.75 per hour … safely in the “99%”.
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TakeAway: Malls and shopping centers are countering lower traffic and closings of traditional brick and mortar stores by turning to unique shops and services to draw revenues.
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Excerpt from WSJ: “New Tricks for Old Malls”
Mall giant Simon Property Group opened an aquarium at its Grapevine Mills mall. Real-estate brokerage Jones Lang LaSalle put a fencing academy in a former Old Navy store, and a community theater on the lower level of a former Boscov’s store.
Perhaps the most unusual use of a former big-box store is William James’s Arms Room gun shop and shooting range, which opened last year in a former Circuit City store.
Rising retail vacancies, and loosening rent demands from landlords at struggling shopping centers, are creating opportunity for tenants previously housed in community centers, industrial parks and home basements.
“In the past, we’ve typically been in industrial parks because of the [low] cost per square foot,” said Howard Picker, founder of Speed Raceway. But retail landlords “are coming down on price and more willing to work with tenants like us,” he said.
The proliferation of “nonretail” tenants comes as traditional stores cede ground in U.S. shopping centers because of constrained consumer spending and decades of retail overbuilding in the U.S.
Landlords are embracing unusual tenants as a way to continue drawing visitors to their shopping centers, even if those patrons aren’t necessarily coming to shop.
A little extra traffic generated by a gym or a trampoline center is better than an empty storefront that draws no one, they say.
Edit by ARK
The Homa Files 