Fri08282015

News

Enchanté plaza remains open to the public

Enchanté plaza remains open to the public

Alicia Castro/Town Crier
The plaza area at Enchanté Boutique Hotel now serves drinks and small plates.

The Los Altos City Council Aug. 25 voted unanimously in favor of Enchanté Boutique Hotel serving beverages and small plates to the public on t...

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Schools

Mountain View High launches Bring Your Own Device program

Mountain View High launches Bring Your Own Device program


Megan V. Winslow/Town Crier
Mountain View High School staff distribute Chromebooks to students last week. The school is rolling out the Bring Your Own Device program this year, which gives students and teachers around-the-clock access to laptops.

Mo...

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Community

'Rock Back the Clock': End of an era, beginning of new one

'Rock Back the Clock': End of an era, beginning of new one


Town Crier File Photo
Time has run out for “Rock Back the Clock,” the 1950s-themed dance party at Rancho Shopping Center.

After 25 successful years, the “Rock Back the Clock” Committee has decided to end the annual 1950s-themed event held at R...

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Sports

Dean of the badminton court

Dean of the badminton court


Courtesy of the Tan family
Los Altos resident Dean Tan and mixed- doubles partner Jenny Gai stand on the podium shortly after winning the gold at the 2015 Pan Am Junior Badminton Championships earlier this month in Tijuana, Mexico.

Dean Tan began pl...

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Comment

Warning: Useless flood basin ahead

Our water and fire agencies receive much attention (and scrutiny) during the hot, dry days of summer – water for the lack of it and fire for its widespread destruction. During this extreme drought year, we are deluged with water conservation ma...

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Special Sections

A tale of two Los Altos love stories: Country club classic


Photos Courtesy of Kelly Boitano Photography
Lindsey Murray and Christof Wessbecher tie the knot in Los Altos.

Lindsey Murray and Christof Wessbecher grew up in parallel Los Altos orbits, never meeting – he went to St. Francis High School, sh...

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Business

Five thoughts on the current market correction

The 531-point drop in the Dow Jones industrial average Friday (Aug. 21) was certainly headline grabbing in its magnitude. It represented a one-day 3.1 percent drop in the index and resulted in a 10 percent correction from its high in May.

It’s compl...

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People

BRUCE CHARLES MEYER

BRUCE CHARLES MEYER

Bruce Charles Meyer, 81, died Wednesday, August 5th at his home in Carmel, California. He leaves his wife Valda Cotsworth and her daughter Katie Roos; his sons, Bruce and Joseph Meyer from his first marriage and his brother Gordon Meyer; four grand...

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Travel

Carmel Valley Ranch unveils upgrades

Carmel Valley Ranch unveils upgrades


Courtesy of Carmel Valley Ranch
Carmel Valley Ranch recently upgraded its Vineyard Oak suites, which feature sweeping views, rocking chairs and private outdoor tubs for soaking under the stars.

Things are heating up at Carmel Valley Ranch, with 30 n...

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Stepping Out

Open 'House'

Open 'House'


Kevin Berne/Special to the Town Crier
Anna Patterson (played by Kimberly King) accepts a drink from Michael Astor (Jason Kuykendall) in “The Country House.”

TheaterWorks Silicon Valley’s regional premiere of “The Country House” is scheduled to r...

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Spiritual Life

Los Altos native combines Judaism, social justice, advocacy

Los Altos native combines Judaism, social justice, advocacy


Los Altos native Gabriel Lehrman’s passion for Judaism, social justice and advocacy brought him to Washington, D.C., this summer for the Machon Kaplan Summer Social Action Internship program at the Religious Action Center of Reform Judaism.

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Inside Mountain View

MV actress/playwright Garvin wins NY festival award for

MV actress/playwright Garvin wins NY festival award for "Corners Grove"


Courtesy of Undiscovered Countries
Kaela Mei-Shing Garvin received a New York arts festival award for a featured role in “Corners Grove,” a play she wrote.

New York recognized that one of Mountain View’s own can “make it there” when the Planet C...

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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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