Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 186 claims in Economy with evidence either way, 91% held up.
Showing 1161-1180 of 1595 claims
Flannery Associates has been buying large plots of land 60 miles northeast of San Francisco
Moritz and others dreamed of transforming tens of thousands of acres into a bustling metropolis that could generate thousands of jobs and be as walkable as Paris or the West Village in New York
The site was in a corner of the San Francisco Bay Area where land was cheap
In 2017 Michael Moritz sent a note about investing in a new California city
Brian Brokaw said the investor group was made up of Californians who believe Solano County's and California's best days are ahead
It was unclear how much each investor invested
Andreessen Horowitz is also a backer
Investors include Moritz Reid Hoffman Marc Andreessen Chris Dixon Patrick and John Collison Laurene Powell Jobs Nat Friedman and Daniel Gross
A mysterious company spent $800 million to buy thousands of acres of San Francisco Bay Area land
Treasury Department accused cartel of providing material support to Tren de Aragua Sinaloa Cartel in Mexico which it said in turn were threatening t
The founders hope it will serve as an engine of innovation spurring new startups educational partnerships and community development long term
Atmos founded by Evan Lipofsky is one of the first companies to join Proto-Town
With his guidance they secured the ranch that would become Proto-Town’s home
In Lockhart they met John Cyrier who shared their enthusiasm for bringing advanced hardware jobs to the area
Eden Technologies founded by Hunter Manz is another company
ScoutLabs founded in 2022 which specializes in camera-based pest monitoring traps is also joining the community
They converted a school bus into a mobile pitch deck filled with prototypes from startups to promote their vision
The idea was born from experiences of founders Josh Farahzad and Merle Nye
SpaceX has explained little about its plans for the new city beyond its intention to have Starbase take over some functions such as managing utilities and roads
Some local residents said there had been talk of connecting the city to a local water system
Recently analyzed in Economy
Some price increases stemmed from tariffs other factors like housing and food costs played a larger role
June inflation highest since February Trump's tariffs increased prices
Prices are rising because of tariffs
Risk is that investors begin to doubt United States will pay back its debts and start demanding higher interest rates
The New York Times
Country is still on track to borrow an alarming amount of money in coming years
The New York Times