Some 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade.
Now consider the top 400 U.S. income-earners—a far more exclusive club than the top 1 percent. Between 1992 and 2013, 72 percent of the top 400 retained that title for no more than a year. Over 97 percent retained it for no more than a decade.
– Chelsea Follett, High Turnover Among America’s Rich
Larry Johnson: The Ceasefire Is Collapsing as Chaos Breaks Out in Strait of Hormuz
One bad assumption can start a bigger war, and nowhere is that clearer than the Strait of Hormuz. Kyle sits down with Larry Johnson to sort through the morning’s flood of claims and counterclaims: reported Iranian missile and drone attacks, damage to Gulf oil...






























