Tue06302015

News

LAH council approves  Page Mill Road expansion

LAH council approves Page Mill Road expansion


Megan V. Winslow/Town Crier
The Los Altos Hills City Council endorsed a plan to widen the congested Page Mill Road to six lanes between the Interstate 280 interchange and Foothill Expressway.

Infamously congested Page Mill Road should be widened to ...

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Schools

Local muralist tells a story of young Los Altos at two schools

Local muralist tells a story of young Los Altos at two schools


Eliza Ridgeway/Town Crier
Los Altos muralist Morgan Bricca, above, created a work at Covington School commissioned by the Class of 2015.

Just as school ended this year, new color bloomed on two Los Altos campuses – public art projects commissi...

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Community

Los Altos girl out to 'squash' inequality: 10-year-old raises funds for female players with motto Equal pay for play

Los Altos girl out to 'squash' inequality: 10-year-old raises funds for female players with motto Equal pay for play


Courtesy of Lisa Bardin
Mika Bardin displays a certificate of participation she received at the 2015 U.S. Junior Squash Championships. Although Mika is not competing in the upcoming NetSuite Open Squash Championships, she is helping other female pl...

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Sports

Hurdling adversity

Hurdling adversity


courtesy of Nicole Goodwin
Ella Goodwin, hurdling, above, has come a long way since her early-childhood battle with leukemia.

While Nicole Goodwin is proud of daughter Ella’s athletic achievements, it’s not her skills on the soccer field...

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Comment

No confidence in civic center proposals: Editorial

Few Los Altos issues have become more convoluted than the development of the 18-acre Hillview civic center property. Most agree that the area, as currently configured, needs improvement. But nothing has happened in the nearly 10 years since serious d...

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Special Sections

Star-spangled manor: Orange Avenue home boasts Americana theme

Star-spangled manor: Orange Avenue home boasts Americana theme


Megan V. WInslow/Town Crier
Los Altos resident Pinky Whelan’s Orange Avenue home features a patriotic theme, evident in her living room decor, her historical collections and displays and her welcoming entrance.

Let’s hear it for the red...

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Business

Thai Silks shutters Los Altos store this month

Thai Silks shutters Los Altos store this month


Megan V. Winslow/Town Crier
After more than 50 years in business in downtown Los Altos, Thai Silks is closing up shop at 252 State St. by the end of the month. The store will continue to offer its inventory online and via phone.

A longtime downtown ...

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Books

People

ALAN FRAZIER KREMEN, MD, PHD

ALAN FRAZIER KREMEN, MD, PHD

Alan Frazier Kremen, MD, PhD, aged 68, loving father & surgeon, of Stockton peacefully passed away on June 13th, 2015.

Born in Minneapolis on December 17, 1946, he received a BA from Stanford University, 1968, a PhD in Philosophy from the Univ...

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Travel

Venetian spa offers ways to de-stress

Venetian spa offers ways to de-stress


Courtesy of The VEnetian
The HydroSpa in the Canyon Ranch SpaClub at The Venetian in Las Vegas offers a muscle-relaxing bath and radiant lounge chairs.

Vegas cab drivers usually ask if you won or lost as soon as you get in their vehicles. They assum...

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Stepping Out

'Town' closes down

'Town' closes down


Chris Peoples/Special to the Town Crier
Hope Cladwell (played by Krista Joy Serpa) and Bobby Strong (Lewis Rawlinson) get romantic during their duet in “Urinetown: The Musical.”

The Los Altos Stage Company production of “Urinetown: The Musical” ...

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Spiritual Life

Magazine

Living it up Older adults aim to age in place

Living it up Older adults aim to age in place


Megan V. Winslow/Town Crier
Local enthusiasts flock to the Los Altos Senior Center to play bocce ball. The center hosts informal games four days a week and occasional tournaments.

As baby boomers in Los Altos, Los Altos Hills and Mountain View nose...

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Inside Mountain View

Carrying the torch

Carrying the torch


Members of the Mountain View Police Department carry the Special Olympics torch as they run along El Camino Real between Sunnyvale and Palo Alto June 18. Members of the department participate in the relay annually to show their support for Spec...

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Stock market suffers June swoon

The stock market continues to struggle in June, with investors fearing that the Federal Reserve could begin scaling back its aggressive stimulus program. Compounding the anxiety, consumer sentiment is on the wane.

Many investors ignore three key variables when evaluating the health of a bull market: earnings, interest rates and valuations. All three are beginning to look negative.

The bearish view carries some weight. The sudden jump in 10-year Treasury bond yields to 2.2 percent – up from 1.6 percent in early May – has surprised investors and put pressure on defensive stocks with bondlike returns in light of the economy’s strength. In addition, a surprise hike in mortgage rates (4.15 percent last week) threatens to slow a refinancing boom that delivered strong profits for banks over the past few years.

The market’s continued upward climb is likely to become narrower and choppier in the second half of 2013, but stocks still look better than cash or bonds. While it could be harder to make money in U.S. stocks in the second half of the year, many analysts think it is still too early to sell.

It is worth noting that many analysts consider the full-year targets for the Dow and the S&P comparably bearish, and predict a 15 percent decline from current levels to 12,969 and 1348, respectively.

Two Town Crier “50” stocks made the news last week.

• Safeway Inc. (SWY; $24.24) announced last week that it plans to sell its Canadian Safeway operations to food retailer Sobeys for $5.8 billion. The deal includes 213 Safeway markets, 52 fuel stations, 10 liquor stores and four distribution centers.

Safeway plans to use the money to repay $2 billion of its debt. The company will use the bulk of the remainder to purchase shares.

Zacks Equity Research reports that Safeway will be left with $0.8 billion of authorization to buy back shares, and shareholders should anticipate attractive returns in the near future.

The Pleasanton-based company operates stores under its own name as well as the Vons chain in Southern California and Tom Thumb in Texas. Locally, a new super Safeway recently opened at The Village at San Antonio Center in Mountain View, and a new podium-style store in Los Altos is scheduled for construction this summer.

Safeway’s upgrade and downgrade history has not been ideal for investors, with most analysts calling the stock “underweight” and recommending a hold. The mean target price is $24.07, with a high of $30.

• Hewlett-Packard Co. (HPQ; $25.13) reported an increase in share price last week, even as the Dow declined.

In a CNBC segment June 12, CEO Meg Whitman reported that the company’s turnaround is proceeding ahead of schedule. While admitting that HP has a long way to go before digging itself entirely out of the hole, Whitman said revenue growth is possible this year. Since December, the company’s growth has added more than $20 billion in value to shareholders.

HP faces the challenge of identifying growth opportunities when consumers appear less inclined to purchase its computers and printers. Sales of all product lines declined last quarter, but the company is building up non-PC divisions such as cloud computing and servers.

Among Forbes Magazine analysts, one deems HP stock a buy, with five others recommending that investors sell their shares. Other analysts suggest holding the stock.

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