Fri07252014

News

Downtown green park pops up again in August

Downtown green park pops up again in August


Ellie Van Houtte/Town Crier
The Third Street Green debuts Aug. 3 on the 300 block of State Street in downtown Los Altos.

Another temporary park is poised to pop up in downtown Los Altos this summer.

According to Brooke Ray Smith, community devel...

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Schools

MVLA rolls out laptop integration this fall

MVLA rolls out laptop integration this fall


Town Crier File Photo
Starting in the fall, daily use of laptops in the classroom will be standard operating procedure for students at Los Altos and Mountain View high schools as the Mountain View Los Altos Union High School District launches a pil...

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Community

Generations blend behind the scenes at 'Wizard of Oz'

Generations blend behind the scenes at 'Wizard of Oz'


Altos Youth Theatre and Los Altos Stage Company rehearse a scene from “The Wizard of Oz.” ELIZA RIDGEWAY/ TOWN CRIER

A massive troupe of young people and grownups gathered in Los Altos this summer to stage the latest iteration of a childhood sta...

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Sports

Football in July

Football in July


Town Crier file photo
Mountain View High’s Anthony Avery is among the nine local players slated to play in tonight’s Silicon Valley Youth Classic.

Tonight’s 40th annual Silicon Valley Youth Classic – also known as the Charlie...

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Comment

Pools should be included: Editorial

Los Altos residents should be receiving calls this week from city representatives conducting a survey to determine priorities for a revamped Hillview Community Center.

Notice that we did not say “civic center” – chastened by a lack of public support...

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Special Sections

Looking for life without lows, local diabetic tests artificial pancreas

Looking for life without lows, local diabetic tests artificial pancreas


Photo by Ellie Van Houtte/Town Crier
Dr. Trang Ly, left, reviews blood sugar readings on a smartphone with Los Altos resident Tia Geri, right, and fellow participant Noa Simon during a closed-loop artificial pancreas study for Type 1 diabetics.
...

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Business

Palo Alto law firm coming to 400 Main

Palo Alto law firm coming to 400 Main


Ellie Van Houtte/ Town Crier
Longtime Palo Alto law firm Thoits, Love, Hershberger & McClean plans to open an office at 400 Main St. in Los Altos after construction is complete in November.

A longtime Palo Alto law firm plans to expand int...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

RICHARD PATRICK BRENNAN

RICHARD PATRICK BRENNAN

Resident of Palo Alto

Richard Patrick Brennan, journalist, editor, author, adventurer, died at his Palo Alto home on July 4, 2014 at age 92. He led a full life, professionally and personally. He was born and raised in San Francisco, joined the Arm...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

PYT stages 'Shrek'

PYT stages 'Shrek'


Lyn Healy/Spotlight Moments Photography
Dana Cullinane plays Fiona in Peninsula Youth Theatre’s “Shrek The Musical.”

Peninsula Youth Theatre presents “Shrek The Musical” Saturday through Aug. 3 at the Mountain View Center for the Performing Arts...

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Spiritual Life

Foothills Congregational: 100 years and counting

Foothills Congregational: 100 years and counting


Courtesy of Carolyn Barnes
The newly built Los Altos church in 1914 featured a bell tower and an arched front window. Both continue as elements of the building as it stands today.

Foothills Congregational Church – the oldest church building in L...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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Uncle Art grapples with Social Security

Sound Advice

Nobody was getting in the car. Each member of the family had one last thing to do. Meanwhile we were going to be late to the holiday Nutcracker performance. As the phone rang, I was the only one available to answer.

Me: Hi Uncle Art. I am going to have to call you back. We are on our way out the door.

Uncle Art: This can't wait Buddy-Boy. It is a matter of Social Security.

Me: You mean National Security, don't you?

Uncle Art: Well in the big picture it's National Security. But we are talking about the state of Social Security reform.

Me: That's a big topic. Can I call you back later?

Uncle Art: Sure Buddy-Boy. Call me from your car when you get rolling.

Me: I was thinking about tomorrow!

Uncle Art: I think this should be today. Did I tell you that Aunt Beatrice is circling the house in a Ford Bronco with a gun to her head because of this?

Me: Uncle Art, if you're pulling my leg on this you're getting no Christmas present from me this year.

Uncle Art: What were you going to give me? Oh never mind. I was just kidding. But call me from the car.

Me: OK, Uncle Art, we are on the road. What is the big brouhaha about?

Uncle Art: Your cousin Roger is on a tear about future social security benefits. He got up on a chair last Sunday at the family dinner and proclaimed that he wanted his social security payments to go into Internet stocks or Russian bonds, something with potential.

He was shouting that if something wasn't done soon the whole program will be bankrupt before the middle of the next century.

Me: Wow! Did Roger have too much of the holiday spirits?

Uncle Art: Heck no, Roger doesn't partake. He doesn't need it. I don't think he could get much looser. But anyway, when he said Russian bonds and social security in the same breath, Aunt Beatrice fainted.

Me: When did she get in the Bronco?

Uncle Art: OK, I said I was kidding about that. When Beatrice woke up, she said she didn't want her social security in the risky stock market either because it might go down.

Me: Was Beatrice up in time for dessert?

Uncle Art: Don't get cute. The discussion was getting serious. Uncle Buford said what could be more risky than going broke? Buford said for long term investing treasury bonds are inferior investments. He said that government officials have bungled the job and that we should take over our own investing.

Me: What happened next?

Uncle Art: Beatrice gasped that she didn't know enough about investing to have a chance at doing it right. Then I popped up and asked Buford if someone did everything wrong and had no money would they just be out of luck. When Roger yelled "survival of the fittest," Beatrice passed out again.

Me: I hope you have a video tape you can send me. This sounds better than the X-Files.

Uncle Art: OK Mr. Yuppie! The only way I could break it up was to invoke your name. I said I would call you for the inside word. Then everybody calmed down. So what should I tell them?

Me: Social Security is like a number of programs that came out of Washington a half century ago that are in sore need of revising.

You recall that Congress and the President got together on a welfare reform bill in the last few years that radically updated that system. Social Security affects practically everyone and has a much higher profile than many programs.

Uncle Art: Roger says he will be working until the day he dies, if something isn't done.

Me: I didn't know Roger was working now.

Uncle Art: Well, he is in sort of semi-retirement now, at age 47.

Me: Actually Roger is at the age when it is thought the social security system will crash and burn. But anyway, there are about three proposals floating around to fix the problem. One would divert a portion, about 10 percent, of the current payroll tax to an individual retirement account. This account would be directed by you, or Beatrice in her case. This would give you the opportunity to invest in longer-term assets with higher returns, like stocks, mutual funds, and corporate bonds.

Uncle Art: Sounds good to me and Buford would be thrilled.

Me: One problem is that the reduced revenue may impact the current system. You see, most of the current benefits are paid by today's workers. Also, returns could vary widely.

Uncle Art: Wait, you mean my payroll tax is not in some type of savings plan for the future? It just goes out in payments to retirees?

Me: That's mostly right. Another proposal is to have government trustees invest in assets other than treasury bonds for higher returns.

A third plan would raise the tax rate. But this is seen as hurting lower wage and younger workers.

Uncle Art: Your cousin Buford asked why should we give government bureaucrats more money when they can't handle what they have?

Me: It's a good question. But to be fair, the Congress dictates most of the operation of the fund. The last proposal is to raise the age a person can retire and receive benefits.

Rick Glaze is owner of Glaze Capital Management in Los Altos. You may contact him at 947-9690. Messages can be left for Uncle Art.

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