The Horn News

Proudly American, Fiercely Independent

Inflation sky rockets to new 40-year high

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. The Labor Department said Tuesday that its consumer price index jumped 8.5%… Read More

World Bank: Ukraine’s economy to shrink 45% amid war

The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to… Read More

Zuckerberg money won’t be in next round of aid for elections

The nonprofit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 said Monday that it won’t disburse similar donations this year after backlash from conservatives suspicious that the contributions tilted the outcome of the presidential race toward Joe Biden. Instead,… Read More

Once a retail giant, Kmart nears extinction in the U.S.

The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers’ clothes and refrigerators and pretty much everything in between. There’s even a canned recording that begins, “Attention, Kmart shoppers” — except it’s to remind folks about COVID-19 precautions, not… Read More

Watchdog: Feds ignoring asbestos, mold at women’s prison

A government watchdog has found a “substantial likelihood” the federal Bureau of Prisons committed wrongdoing when it ignored complaints and failed to address asbestos and mold contamination at a federal women’s prison in California that has already been under scrutiny for rampant sexual abuse of inmates. The U.S. Office of… Read More

Twitter: Musk won’t join board after proposing changes

Less than a week after announcing that Tesla CEO Elon Musk would join its board of directors, Twitter has reversed course. Twitter CEO Parag Agrawal announced the news, which followed a weekend of Musk tweets suggesting changes to Twitter, including making the site ad-free. Nearly 90% of Twitter’s 2021 revenue… Read More

Mechanic reaps millions from art found in dumpster

A trove of paintings and other artwork found in an abandoned barn has turned out to be worth millions. Notified by a contractor, Waterbury auto mechanic Jared Whipple retrieved the dirt-covered pieces in 2017 from a dumpster containing materials from a barn in Watertown. Whipple later found out they were… Read More

Stacey Abrams rakes in cash for this…

Former Statehouse Democrat Leader Stacey Abrams first ran for Georgia governor in 2018. At that time, she has a net worth of $109,000, and she was still paying a hefty bill from the IRS. Four years later, she’s seen her net worth increase thirtyfold. She’s now worth an eye-popping $3.17… Read More

Russia cuts interest rate as ruble stabilizes despite sanctions

Russia’s central bank has managed to stabilize key aspects of the economy with severe controls, artificially propping up the ruble to allow it to rebound to levels seen before the invasion of Ukraine even as the West piles on more sanctions. That became evident as central bank of Russia said… Read More

Tennis great Boris Becker could face jail for this

Tennis great Boris Becker could face a jail sentence after being found guilty on Friday of illicitly moving thousands of dollars from a bank account after he was declared bankrupt. A jury at London’s Southwark Crown Court convicted Becker on four charges under the Insolvency Act, including removal of property,… Read More