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Stanford economist to speak at UCR

Stanford economist Raj Chetty will deliver a Chancellor’s Distinguished Lecture at UC Riverside. Chetty is scheduled to speak from 1 to 2:30 p.m. Dec. 1 at the University Theatre, according to a statement. The event is free and open to the public. Chetty was one of the youngest tenured professors …

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Hemet names police chief

New Police Chief to Start Work

Rob Webb has been named Hemet’s next police chief. He will replace Scott Brown, who is retiring so he can run for Riverside County Sheriff, according to multiple reports. Webb, 49, began his career in law enforcement with the San Diego Harbor Police. He  joined the Hemet Police Department in …

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New website a trove of economic information

New Business Website hits Inland Empire.001

The UC Riverside School of Business Center for Economic Forecasting and Development has started a new website. The site, UCREconomicForecast.org includes a monthly state employment report, an Inland Empire business activity index, a quarterly Inland Intelligence report and an ongoing series of economic papers. “It’s designed to help everyone,” said …

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State housing affordability falls

State housing affordability slips

Housing affordability in California hit a 10-year low during the third quarter, according to the California Association of Realtors. Twenty eight percent of California households could afford the median price of $555,680 during that period, down one percent from the second quarter and three percent year-over-year, the trade association reported …

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Bank sells eight branch offices

Flagstar Bancorp Inc. has agreed to buy eight branch offices of Desert Community Bank in San Bernardino County. Cost of the transaction was not disclosed, but the eight branch offices combined have an estimated $600 million in deposits and $70 million in loans, according to a statement. The purchase, which …

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OIA expects more holiday traffic

OIA Passenger, Cargo Count Both Up

Ontario International Airport is preparing for an increase in holiday passenger traffic. An estimated 432,000 passengers are expected to use the airport during the Thanksgiving and Christmas travel periods, an increase of 6.2 percent compared with last year, according to a statement. Passenger levels at Thanksgiving – Nov. 18 through …

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