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News

Electrical shutdown scheduled today, tomorrow

PG&E is installing new electrical service to the 400 Main St. development project today, which will require the temporary interruption of electric services to several businesses located on First, Main and State streets in downtown Los Altos. PG&a...

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Schools

Community support pays dividends

Community support pays dividends


As a recent cover story in The New York Times Magazine revealed, getting low-income students into college is not enough to close the achievement/income gap. The percentage of low-income students entering college who actually earn a degree lags far ...

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Community

War veteran to visit D.C. memorial on Honor Flight

War veteran to visit D.C. memorial on Honor Flight


Ellie Van Houtte/Town Crier
Los Altos resident and World War II vet Earl Pampeyan is preparing for an Honor Flight trip to Washington, D.C., next month.

Los Altos resident Earl Pampeyan is scheduled to fly to Washington, D.C., next month to vis...

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Sports

Making a splash

Making a splash


Courtesy of Clarke Weatherspoon
Stanford Water Polo Club’s under-14 boys team earned the bronze medal at the Junior Olympics. Front row, from left: Corey Tanis, Larsen Weigle, Nathan Puentes, Walker Seymour, Alan Viollier and Jayden Kunwar. B...

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Comment

Whom can you trust?: Haugh About That?

Waving my pink poodle skirt with all the fervor of a matador preparing to tease a raging bull, I blinked my 20-year-old eyes and gave a come-hither look to indicate, “I’m ready!” Little did I know that the blind trust I had in this ...

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Special Sections

Getting right by eating right: PAMF doctor's book addresses South Asian health risks

Getting right by eating right: PAMF doctor's book addresses South Asian health risks


Ellie Van Houtte/Town Crier
Dr. Ronesh Sinha, a physician at Palo Alto Medical Foundation, promotes healthful living among the South Asian population. His new book, “The South Asian Health Solution,” includes nutritious recipes.

When you think o...

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Business

From Google to First Street: Massage therapist sets up studio in downtown Los Altos

From Google to First Street: Massage therapist sets up studio in downtown Los Altos


Ellie Van Houtte/Town Crier
Upuia Ahkiong is slated to open Kua Body Studios next month at 106 First St. Ahkiong is sharing space with Evolve Classical Pilates.

A massage therapist with ties to Google Inc. is slated to open a new – and shared...

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Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

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People

TIMOTHY WARREN WATSON (TIM)

TIMOTHY WARREN WATSON (TIM)

Born June 2, 1935, died peacefully on August 11, at home in Mountain View, surrounded by his family. He died of complications of Parkinson’s Disease after a courageous 15-year battle.

Tim was the beloved husband of 55 years to his college sweethea...

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Travel

Bergama bound: A visit to newest World Heritage site

Bergama bound: A visit to newest World Heritage site


Photo Eren GÖknar/ Special to the Town Crier
The amphitheater in Turkey’s ancient city of Pergamon, now known as Bergama, overlooks the Bakirçay River valley, left. The city’s ruins also include the Temple of Trajan.

It was 90 F during t...

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Stepping Out

TheatreWorks offers 'Spoonful' of drama beginning this week

TheatreWorks offers 'Spoonful' of drama beginning this week


Kevin Berne/Special to the Town Crier
Three strangers – “Chutes & Ladders” (Anthony J. Haney, left), Odessa (Zilah Mendoza, center) and “Orangutan” (Anna Ishida, right) – come together in an online support group in TheatreWorks’ regional premie...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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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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