Tue01272015

Schools

MVLA revisits prospect of ninth-grade PE exemptions

MVLA revisits prospect of ninth-grade PE exemptions


Ellie Van Houtte/Town Crier
The Mountain View Los Altos Union High School District Board of Trustees is scheduled to vote on a proposal to exempt ninth-grade student-athletes from taking PE. Students take part in a physical education class at Mount...

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Community

Midnight Express offers late-night rides from SF

Midnight Express offers late-night rides from SF


From Midnight Express Instagram
A group of millennial-aged Santas celebrating a night on the town prepare for a safe ride from San Francisco to their South Bay homes, courtesy of Cory Althoff’s new Midnight Express shuttle.

It’s no understatemen...

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Comment

More open than ever: Editorial

One of the Los Altos City Council’s objectives for 2015 is implementing an open-government policy. The title of the policy may be somewhat misleading, because it’s not as if the city has had a closed-government policy. But the new proposal goes beyon...

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Business

Cassidy Turley, DTZ plan to combine

Cassidy Turley, DTZ plan to combine


Ellie Van Houtte/Town Crier
Cassidy Turley, which has offices at 339 S. San Antonio Road, is combining with DTZ following its recent acquisition.

Commercial real estate services companies DTZ and Cassidy Turley have joined forces to operate as a sin...

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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

JUDY HOFFMANN

JUDY HOFFMANN

Judy Hoffmann passed away unexpectedly October 17, 2014 in New York City. It was only fitting Judy would be traveling and enjoying special adventures in so many different places until the very end.

Judy has lived since 1969 in Los Altos with her h...

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Travel

Cuban photographer slated to appear at Foothill

Cuban photographer slated to appear at Foothill


Courtesy of Raúl Cañibano
Cuban photographer Raúl Cañibano is set to appear at Foothill College tonight. His work – including the image “Series: Guajira’s Land, Viñales, 2007,” right – is on display at the KCI Gallery t...

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Stepping Out

TheatreWorks launches '2 Pianos' in Mtn. View

TheatreWorks launches '2 Pianos' in Mtn. View


Suellen Fitzsimmons/Special to the Town Crier
Christopher Tocco stars in TheatreWorks’ “2 Pianos 4 Hands,” which opened last week.

TheatreWorks’ production of “2 Pianos 4 Hands” is scheduled to run through Feb. 15 at the Mountain View Center fo...

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Spiritual Life

Start something great by ringing in the new year with prayer

There is a tradition, which I’m told originates in the Midwest, that calls for people to pray in the new year. A few years ago, I was invited to a friend’s house and a number of people stayed up until midnight (approximately two hours pa...

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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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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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