Inflation has been on the rise since 2021, raising food prices nearly 25% since the COVID-19 pandemic. And Coachella Valley shoppers are feeling the weight, with many cutting back on holiday spending due to high sticker prices. Robert Vasquez is retired in Palm Desert and says inflation has limited him and his wife’s ability to
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The Coachella Valley Economic Partnership is focusing on some big issues like affordability and health care in preparing for the future. CVEP presented its 19th annual economic report today in Indian Wells. “A 50-Year Plan is how you transform a valley from something that it is into something that would be clearly better and more
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By KEVIN FREKING and JOSH FUNK WASHINGTON (AP) — The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had devastating consequences for the nation’s economy. The Senate passed a bill to bind rail companies and workers to a proposed settlement that was reached between
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Riverside County government’s “short-term” financial position is secure thanks to expanding reserves, but the long view is “uncertain” as inflation and other potential economic drags cloud the horizon, the county’s chief executive officer told the Board of Supervisors on Tuesday. “Our short-term projection is positive,” CEO Jeff Van Wagenen said during a presentation on the
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News Channel 3 is supporting FirstBank and Desert Community Foundation in the launch of the first Coachella Valley Giving Day. Coachella Valley Giving Day, set for March 1, 2023, will be a 24-hour online giving event. The goal is to support local nonprofit organizations in the Coachella Valley. There is no cost for nonprofits to
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Despite gains in employment over the past two years, the 2022 Greater Palm Springs economic report shows other challenges still affecting the Coachella Valley, including income inequality. However – the report says the possibility of a recession in the near future is unlikely. Experts presented the findings today at a summit organized by the Coachella Valley
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WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue. Thursday’s better-than-expected estimate from the Commerce Department showed that the
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Wednesday night the La Quinta city council voted to nix the controversial Coral Mountain Resort project. You can read the full story here. Today we’re hearing reaction from the community to the council’s decision after a long battle over this project. Alena Callimanis is one of the original members of the La Quinta Residents for
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By DON THOMPSON SACRAMENTO, Calif. (AP) — California, which has a economy larger than all but four countries and where much of the world’s technological innovation is born, on Wednesday became the first state to formally begin examining how to broadly adapt to cryptocurrency and related innovations. Following a path laid out by President Joe
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The city of Indio is looking at a strategic plan for 2022 through 2024. The city held a special meeting about it Tuesday evening. Several topics are areas of focus, including public safety, business and job growth, community infrastructure, and beautification. Each topic has several actions items. A few noteworthy ones are replacing the body-worn
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The supply chain crisis is jacking up prices and slowing down economic recovery from the pandemic and experts say it’s about to get worse leading into the holidays. News Channel 3’s Peter Daut is taking an in-depth look at the issue, what’s being done about it, and how it’s affecting valley businesses. Hear from several
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Some sectors of Riverside County’s economy are contending with ongoing hardships and may not return to prosperity in the months ahead because of the lingering impacts of the yearlong coronavirus lockdowns, officials told the Board of Supervisors today. “We have some industries that are really continuing to struggle,” said Lou Monville, head of the county’s
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Open tables at restaurants and available rooms at hotels in Palm Springs and elsewhere in the valley could soon be harder to find. At least that’s the aim of new campaigns now being launched by state and local agencies tasked with promoting tourism. “We’ve been working very closely with Visit California throughout the past year
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Tank truck drivers who deliver gas like those delivering to a station in Thousand Palms are in short supply. That’s why industry experts say we could see shortages at pumps in some locations this summer. putting upward pressure on prices. “It impacts my wallet. It costs me more every time I travel somewhere,” said motorist
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The stage is quiet. The tables are empty, and so is the bar at the Purple Room on Palm Canyon Drive in Palm Springs. Having hosted stars in the past, the place has been closed for 13 months because of state restrictions ordered in response to Covid-19. “There are no answers right now. As I’ve
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Architectural renderings show the sleek new $250 million Coachella Valley Arena, a sports and entertainment complex set to break ground in May on land near the Classic Club. “Great economic benefits are promised. The central is concern is that the project doesn’t impose costs that overwhelm the benefits,” said Palm Desert Mayor Kathleen Kelly. The
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Bear Simerson was on the stage at the Mary Pickford Theater in Cathedral City Wednesday, giving the winning presentation about his Palm Desert-based venture, 3C Health. “To present to that panel of judges who were very versed in business and in healthcare, it was a huge validation for the work we put in, it was
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“I think the world is better off without this guy. He has no family and no friends. I imagine no one will attend his funeral,” said Palm Springs resident Gregg Felsen, while talking about the death of Bernie Madoff. Felsen doesn’t have anything good to say about about the disgraced financier, who died in prison
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Liz Wong is a nurse anesthetist at Desert Regional Medical Center in Palm Springs who has invented a patented medical device, which decreases surgical site infections and catheter-related bloodstream infections. “So what we have done is we have invented an intravenous port and syringe system that is completely encased in a sterile chamber,” said Wong.
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Prospective home buyers from Sacramento home check out a home up for sale in south Palm Desert. They’re shopping in a valley market unlike any seen in the past. “The whole desert area has been on my mind without exaggeration for 25 years, and now for the first time we are seriously considering it which
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