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CEO: County’s ‘Short-Term’ Financial Position Good, Long-Term ‘Uncertain’

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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2022 Greater Palm Springs Economic Report highlights local economy

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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US economy returned to growth last quarter, expanding 2.6%

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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Coachella Valley shoppers and businesses impacted by supply chain havoc. And it’s expected to get worse as holidays arrive.

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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Palm Desert city leaders seek public input while raising concerns over Coachella Valley Arena project

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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Fast Pitch competition offers thousands of dollars in prize money for winning Riverside County entrepreneur

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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