(Bloomberg) -- Alphabet Inc.’s ambitious dream to create a city of the future on Toronto’s waterfront is over. Millions of dollars and years of lobbying weren’t enough, and the tech giant’s urban planning unit, Sidewalk Labs, officially shuttered the project on Thursday.The stated reason was the coronavirus pandemic’s effect on real estate prices. Without the ability to profitably sell office space and homes in the development, the project wasn’t viable, Sidewalk Labs Chief Executive Officer Dan Doctoroff said in a blog post.But even before the virus swept over the world, Sidewalk’s Toronto ambitions had been scaled back significantly. Years of opposition from privacy activists and urbanists, as well as pushback from prominent members of Canada’s tech industry had relegated Alphabet to a 12-acre plot of land that would essentially only have room for a handful of residential and commercial buildings.Sidewalk Labs’ failure signals how much attitudes toward big technology companies and...
Digging into the details of why this precious metal is likely to continue climbing, even from hereGold is going to $1,790 (that's from UBS) …Gold is going to $1,900 (from TD Securities) …InvestorPlace - Stock Market News, Stock Advice & Trading TipsGold is going to $3,000 (from Bank of America) …Though the price-targets vary, nearly all the big-bank analysts agree on one thing today …Gold is headed higher.Now, a skeptical investor might say "wait, oil prices have plummeted. Consumers have been locked inside not spending money. Even when we re-open the economy, it will be a staged comeback, which means half-speed. All of that is deflationary. And isn't deflation bad for gold prices?"To that, another investor might say, "deflation? The Fed just threw $6 trillion in new dollars at the economy! We're about to suffer hyperinflation so these gold price targets are way too low!"Both investors have a point.Today, let's discuss...
