Last updateWed, 07 Dec 2016 3pm

LAVA looks for new path forward

Megan Winslow/Town Crier
LAVA’s Nancy Dunaway enters her farewell party at Enchanté Boutique Hotel Friday.

As the Los Altos Village Association plans its next steps after the resignation of longtime executive director Nancy Dunaway, it will have to make some short-term sacrifices. LAVA’s Promotions Committee July 22 postponed the mid-September Wine Walk.

“The Wine Walk has been dropped off the 2016 event schedule,” said Frederic Sischka, president of LAVA, citing the low response in merchant participation. “The board also felt that it was the right decision for this year in light of our focus on replacing Nancy Dunaway.”

Pet's Delight in peril

Megan Winslow/Town Crier
Pet’s Delight employee Lindsey Archer feeds LuLu, the store’s blue-and-yellow macaw. Store owner Tatiana Boulankina is looking for someone to assume ownership of the State Street shop.

While some retailers are struggling because of slow sales, Pet’s Delight faces a different plight. The locally owned pet store in downtown Los Altos may close unless a new owner purchases the business.

One of history's worst mutual funds teaches investors a wealth of lessons

Investors holding mutual funds in 2008 that dropped 30 percent or more may think the funds were among the worst funds anyone has ever owned. Think again. There is one fund that many agree qualifies as the worst ever (not counting outright frauds like Bernie Madoff’s) – the Steadman Technology & Growth Fund.

The Steadman family of funds started in 1939, but it recently came to my attention through a June article in ValueWalk.com. According to the article, ever since Charles Steadman assumed personal management of the funds in the early 1960s, they were always at the bottom of the performance charts.

Maybe think twice before extending that warranty

I was in an electronics store the other day and at checkout they asked – doing their best “Would you like some fries with that?” routine – if I would like to purchase a warranty.

I never buy a service contract. Most good products come with a decent warranty, and if I shop at Costco, it tends to extend that warranty by an extra year.

Planner says density is not always bad

According to Don Weden, density does not have to be scary. The longtime principal planner in Santa Clara County told a meeting of the Silicon Valley Association of Realtors that as long as density is well planned and communities are open to change, density can work in suburban areas.

For both San Mateo and Santa Clara counties, he believes the solution is transitioning from what he termed the 2.0 suburban era to the 3.0 urban/suburban era.

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