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News

Police stress need for low speed in school zones

Police stress need for low speed in school zones


Town Crier File Photo
After two recent accidents involving cyclists and motorists, police urge caution – on both sides.

After two recent incidents of vehicles striking student bicyclists, Los Altos Police urge residents to exercise caution whe...

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Schools

Gardner Bullis School debuts new Grizzly Student Center

Gardner Bullis School debuts new Grizzly Student Center


Photo by Ellie Van Houtte/Town Crier
Students line up to check books out of the library in the new Grizzly Student Center at Gardner Bullis School.

Gardner Bullis School opened its new Grizzly Student Center earlier this month, introducing a lea...

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Community

Home improvement workshop scheduled Wednesday (Oct. 29)

The County of Santa Clara is hosting a free informational workshop on 6:30 p.m. Wednesday at Los Altos Hills Town Hall, 26379 Fremont Road.

The workshop will offer ways single-family homeowners can increase their homes’ energy efficiency. Eligible i...

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Comment

Off the fence: TC recommends 'yes' on N

The Town Crier initially offered no position on the controversial $150 million Measure N bond on Tuesday’s ballot. But some of the reasons we gave in our Oct. 15 editorial were, on reflection, overly critical and based on inaccurate information.

We ...

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Special Sections

Long-term solutions emerge as water conservation goes mainstream

Long-term solutions emerge as water conservation goes mainstream


Ellie Van Houtte/Town Crier
Forrest Linebarger, right, installed greywater and rainwater harvesting systems at his Los Altos Hills home.

With more brown than green visible in her Los Altos backyard, Kacey Fitzpatrick admits that she’s a little e...

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Business

Local realtors scare up money for charity

Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raise...

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Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

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People

DAVID S. NIVISON

DAVID S. NIVISON

David S. Nivison, 91 years old, and a resident of Los Altos, California since 1952, died Oct. 16, 2014 at home.  His neighbors had recently honored him as the “Mayor of Russell Ave., in recognition of 62 years of distinguished living” on that ...

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Travel

Falling leaves: Four places in California to see autumn colors

Falling leaves: Four places in California to see autumn colors


Courtesy of Castello di Amorosa
Castello di Amorosa in Calistoga, above, boasts a beautiful setting for viewing fall’s colors – and sampling the vineyard’s wines.

Yes, Virginia, there is fall in California.

The colors pop out in...

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Stepping Out

ECYS opens season Sunday

ECYS opens season Sunday


Ramya Krishna/Special to the Town Crier
The El Camino Youth Symphony rehearses for Sunday’s concert, above.

The El Camino Youth Symphony – under new conductor Jindong Cai – is scheduled to perform its season-opening concert 4 p.m....

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Spiritual Life

Christian Science Reading Room hosts webinar on prayer and healing

Christian Science practitioner and teacher Evan Mehlenbacher is scheduled to present a live Internet webinar lecture, “Prayer That Heals,” 7:30 p.m. Nov. 14 in the Christian Science Reading Room, 60 Main St., Los Altos.

Those interested ...

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Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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Fed action boosts stock market

With the economy showing signs of improvement, the Federal Reserve started its stimulus pullback and Wall Street investors went crazy, pushing up the Dow Jones industrial average nearly 300 points Dec. 18.

The Fed will trim its $85 billion monthly bond purchases by $10 billion beginning in January and keep long-term rates down. By keeping rates down, the Fed indicates its support of stocks that pay a much larger yield than bonds, including utilities and telecoms.

The stock market has enjoyed a wonderful 2013, fueled by the Fed’s low rate policy. Keeping rates low through bond purchases helps maintain low interest rates, which encourages borrowing and spending.

In his recent press conference, Fed Chairman Ben Bernanke said he could foresee the bond-purchasing program coming to an end altogether by late next year. However, we are hopeful the economy will continue to show progress. In an effort to keep market rates stable, the Fed will be in no hurry to raise short-term interest rates.

Two Town Crier “50” stocks made news recently.

• Intel Corp. (INTC; $25.18) was included in Barron’s “10 Favorite Stocks for 2014.” Barron’s reasoned that the chip giant could surprise Wall Street next year as concerns about personal computers begin to fade.

There are signs the PC market is bottoming, and Intel is moving aggressively into tablets and smartphone chips. Its manufacturing shift might pay off with chips that have faster processing speeds and lower power needs.

At $24, Intel stock trades for 13 times projected 2014 earnings of $1.90 a share and yields a dividend of 3.7 percent. Numerous analysts view Intel as a buy. Credit Suisse analyst John Pitzer sees Intel earning $2.50 in a few years, with a $30 price target.

• Safeway Inc. (SWY; $32.86) will get competition from Amazon, as the world’s largest online retailer plans to expand its grocery delivery business in Safeway’s backyard.

Safeway – a Fortune 100 company and one of the largest food and drug retailers in North America based on sales – operated 1,406 stores in the U.S. with annual sales of $37.5 billion in 2012.

Earlier this year, Safeway announced its decision to exit the Chicago market and redouble its efforts in operating areas where business is stronger. In November, Safeway reported that the company had completed the sale of assets of Canada Safeway to a wholly owned subsidiary of Empire Co. Ltd.

The Pleasanton-based company’s board of directors met recently and declared a regular cash dividend of 20 cents per share payable Jan. 9 for stockholders who owned the stock Dec. 19.

Deutsche Bank in September upgraded Safeway stock to a buy after a prior hold. The majority of analysts suggest a hold. The median target price for Safeway stock is $35, with a high of $45.

Clyde Noel is a Los Altos Hills resident and longtime investor in stocks.

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