Thu12182014

News

Council seeks more options for community center

Council seeks more options for community center


Town Crier File Photo
The Los Altos City Council approved an appropriation to examine options for a new community center to replace the aging Hillview facility.

The Los Altos City Council last week voted narrowly in favor of examining further opti...

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Schools

Local schools participate in  national Hour of Code activities

Local schools participate in national Hour of Code activities


Ellie Van HOutte/Town Crier
Himan Shu Raj, a volunteer from Microsoft, advises Los Altos High ninth-graders, from left, Serhat Suzer, Jamie Bennett and Chris Yang as they participate in the school’s Hour of Code Showcase.

Local schools participa...

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Community

Rotary marks 25th anniversary of AIDS project

Rotary marks 25th anniversary of AIDS project


John Hammerschmidt/Special to the Town Crier
Celebrating the anniversary of the Los Altos Rotary AIDS Project are, from left, front row: Greg Hoblit, Dude Angius, Mary Prochnow and Robin Young. Back: Greg Betts, Joe Renati, Roy Lave, Bob Berka, Dic...

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Sports

Pinewood poised for another title run

Pinewood poised for another title run


Ellie Van Houtte/Town Crier
Pinewood’s girls basketball team is receiving contributions from several new players, including freshman Stella Kailahi, above.

Complacency shouldn’t be a problem for the defending Division V state champion Pinewood S...

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Comment

Letters to the Editor

Ticket motorists for U-turns on Main Street

As I was walking downtown on Main Street recently, something came to me out of the blue. The town of Los Altos is missing out on a huge revenue stream. I realized that if all the cars – there were th...

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Special Sections

Looking Ahead

Looking Ahead


s in line to be mayor of Mountain View in 2015.

Mountain View anticipates the following changes in 2015:

• Beginning Jan. 1, Mountain View City Councilmembers will receive a raise to $1,000 per month as a result of the passage of Measure A in...

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Business

Your 2015 stock market game plan

It’s been a maddening month because of oil and gas, especially in stocks and bonds. Then, consumer spending pushed stocks higher Thursday, easing investors’ jitters about the global economy and prompting them to consider how to invest in ...

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Books

Gawande's

Gawande's "Being Mortal" proves an important book on aging


Books about death and dying are usually not on my list of “must reads.”

I couldn’t resist, however, the best-selling “Being Mortal: Medicine and What Matters in the End” (Metropolitan Books, 2014) by Atul Gawande.

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People

SANGEETA SACHDEVA

SANGEETA SACHDEVA

Sangeeta Sachdeva, 55, wife of Subhash Sachdeva and mother to Natasha and Tanya, died at 8:54pm, Sunday, December 7, 2014 from respiratory failure.

Sangeeta was born on October 18, 1959 in Delhi, India. She was born to Moti Sagar and Raj Kapoor an...

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Travel

South Tahoe renovations enhance off-mountain seasonal fun

As any enthusiast knows well, there is more to the enjoyment of winter sports than skiing or snowboarding.

While many winter resorts make minor upgrades each season, the off-mountain attractions and amenities can be as enticing as the activities on ...

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Stepping Out

Aurora Singers to emit 'Musical Glow' Friday

Aurora Singers to emit 'Musical Glow' Friday


courtesy of Aurora Singers
The Aurora Singers are scheduled to perform a seasonal concert Friday night in Palo Alto.

The Aurora Singers’ “Winter’s Musical Glow” holiday concert is set for 7 p.m. Friday at the Unitarian Universalist Church of Pal...

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Spiritual Life

Enter the superhero: Finding the God who loves you

In my life-coaching practice, I see a lot of pain. Much of it stems from fear and guilt, often expressed as low self-esteem, anxiety, a lack of forgiveness both for oneself and others, anger – and so on.

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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El Camino Hospital receives bond-rating upgrade


Photo By: courtesy of El Camino Hospital
Photo Courtesy Of El Camino Hospital

El Camino Hospital recently received an A1 bond-rating upgrade from Moody’s Investors Service.

Moody’s Investors Service last week upgraded El Camino Hospital’s revenue bond rating from A2 to A1, following a review of the hospital’s progress since Moody’s issued its last rating in 2010.

According to Moody’s, the rating upgrade affects $186.9 million of outstanding fixed and variable rate demand revenue bonds issued by the Santa Clara Financing Authority.

“Hospital leadership has worked with the hospital board to expand the governance structure to include community leaders with significant subject-matter expertise, hired nationally known industry leaders to fill the CFO and COO roles, and produced a strategic plan to position us for health reform to effectively meet the needs of our community,” said El Camino Hospital President and CEO Tomi Ryba. “Recognition of the relevance of these improvements by Moody’s is gratifying.”

The report highlighted a number of the hospital’s strengths:

• It is a sizable community hospital located in a geographically favorable area with an operating revenue base of $664 million in fiscal year 2012.

• Its fiscal year 2013 outlook shows another year of strong profitability and operating cash-flow generation, as well as double-digit cash-flow margins.

• It shows steady growth in unrestricted cash and investments to $490 million as of Dec. 31.

• It carries a low debt load.

• Its facilities in Mountain View and Los Gatos are 95 percent seismic compliant through 2030, with the final 5 percent being 2030-compliant upon completion of minor voluntary upgrades, in accordance with approved extensions, by Jan. 1, 2015.

“We are extremely pleased that Moody’s recognized the hard work the hospital has undertaken in the last two years to stabilize and strengthen this valuable community hospital,” said John Zoglin, chairman of the El Camino Hospital Board of Directors. “To receive an upgraded rating at a time when so many other hospitals and hospital systems nationwide are struggling further reinforces that we have the right management team, an enhanced governance structure and long-term strategies in place that will enable us to make the necessary investments to care for the community.”

Moody’s issued a “stable outlook” for the hospital but also acknowledged several challenges it currently faces. Among other things, the Moody’s report cited a highly competitive marketplace in the Bay Area for services; its historical dependence on the Palo Alto Medical Foundation (now affiliated with Sutter Health), which has been responsible for approximately 50 percent of El Camino Hospital’s admissions; and the current uncertainty around Measure M, which caps executive salaries at no more than double the salary of the California governor.

Still, the report noted that it expects El Camino Hospital to “continue to produce strong operating cash flow given its favorable market presence and location and its continued focus on operating efficiencies, in order to support future capital plans, maintain solid liquidity and leverage measures and offset any future reimbursement declines and new competitive pressures.

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