Sat04302016

News

Loyola Corners economics, traffic rise to top of planning concerns

Loyola Corners economics, traffic rise to top of planning concerns

Alicia Castro/Town Crier
Loyola Bridge construction parallel to the Fremont Avenue frontage may lead officials to alter circulation plans for the area.

Loyola Corners stakeholders last week mulled the issues that will likely shape the area&rsquo...

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Schools

LAHS Green Team commemorates Earth Week

LAHS Green Team commemorates Earth Week


Traci Newell/Town Crier
Los Altos High School Green Team members, above, quiz their classmates about water conservation. The club distributed plants as prizes during the club’s Earth Week activities.

Members of the Los Altos High School Green...

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Community

Local pianist, 11, slated to perform Saturday at statewide competition

Local pianist, 11, slated to perform Saturday at statewide competition


Courtesy of the Cha family
Spencer Cha plays piano at a Santa Clara University recital. The sixth-grader also enjoys soccer, tennis, golf and skiing.

Spencer Cha has come a long way since he first sat down at the piano at age 2.

“I remem...

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Sports

Spartans net second place, eye top prize next season

Spartans net second place, eye top prize next season


Megan V. Winslow/Town Crier
Jeremy Hsu, Mountain View High’s top singles player, competes against Pinewood Thursday. The Spartans won the match 7-0.

With freshmen playing the top three spots in singles, the future of the Mountain View High boy...

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Comment

Los Altos at a leadership crossroads: Editorial

Don’t look now, but there could be some major changes ahead regarding how the Los Altos city government is run.

The current city council has the opportunity to hire a new city manager in the wake of Marcia Somers’ recent resignation. Fur...

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Special Sections

How to personalize the wedding bar

How to personalize the wedding bar


Christine Moore/Special to the Town Crier
A seasonal signature cocktail adds interest beyond the standard wedding bar’s spirits and mixers. Focus on one set of fresh ingredients, such as blueberries, blackberries and mint for a dose of budget...

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Business

Farmers prepare to market season's bounty

Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the gree...

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People

BUOL JOANNE DOUGHERTY

BUOL JOANNE DOUGHERTY

1930-2016

Heaven gained a beautiful angel today. Our beloved mother’s blessed life ended in her Los Altos home surrounded by her loving family on April 18, 2016.

Buol Joanne Dougherty was born Sept. 28, 1930 in Chicago. At the age of two, M...

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Stepping Out

'Catch' comes to conclusion LA Stage Co. comedy  ends run this weekend

'Catch' comes to conclusion LA Stage Co. comedy ends run this weekend


Richard Mayer/Special to the Town Crier
Bryan Moriarty, left, stars as Yossarian and John Stephen King plays the Psychiatrist in Los Altos Stage Company’s “Catch-22.”

Los Altos Stage Company’s presentation of “Catch...

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Spiritual Life

2004 was a decent year for investors with Dow Jones Industrials up

Since this is the last stock report for 2004, it appears Santa is providing a nice rally for all of us before the end of the year. Frankly, it feels like the market meandered most of the year, but if you look at the major indexes, it was actually a decent year for stocks.

As of Dec. 22, the Dow Jones industrials are up 3.45 percent since Jan. 1, and the Nasdaq composite is up 7.69 percent. The Town Crier index of 50 stocks is up 7.75 percent. Compared to previous years, most investors are happy.

While technology stocks have not done as well as other sectors, homebuilders, mining, energy stocks and commodities have done well because of unusual factors like low interest rates and the demand from China for

commodities.

Stock issues in 2004 had to be selected cautiously because there was no leadership except for energy, where we had surging crude oil prices and higher global demand. Energy stocks like Exxon Mobile and Chevron increased more than 20 percent and utilities more than 15

percent.

General Electric did well, benefiting from an expanding global economy and the weak dollar. In the meantime, the health-care industry was the biggest loser because of the

problems with Vioxx and Celebrex.

Semiconductors had a bad year. The index for semiconductors was down more than 15

percent and leader Intel Corp. was down 26.23 for the year.

Apple Computer was up more than 200 percent, which made the Town Crier index look good. Other companies that showed good increases are Adobe, Coherent, eBay, Heritage Bank, Network Appliance, McAfee

Inc, Symantec and Verisign.

In another vein, the stock-option programs that created legions of millionaires in Silicon Valley took a serious blow when the nation's accounting rule makers decided companies would have to start deducting the value of options from their profit beginning next year.

Shareholders calling for more detailed disclosures on corporate financial statements welcomed the rule.

Stock options are perks given to employees that allow them to buy shares of their company's stock in the future at a set price.

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