10192017Thu
Last updateWed, 18 Oct 2017 10am

Despite high salaries, Santa Clara County ranks low nationally in discretionary income

Trove Technologies Inc. recently released a study revealing that California ranks third worst among states in discretionary income, despite boasting the fourth highest salaries.

Santa Clara County, along with five other California cities – San Francisco, Sacramento, Riverside, Los Angeles and San Diego – ranks among the bottom 10 major areas nationwide for discretionary income.

Former Los Altos hedge fund manager collects major settlement from employer


To this day, Sangeeth Peruri doesn’t know why he was fired.

“You’re going to work every day, then you stop going to work,” said the Los Altos resident last month. “How do you explain to your kids why you don’t have a job anymore?”

Protecting your online assets

Much has been written about the recent Equifax data breach. While I will share ways to keep credit data safe, I also will emphasize other common-sense precautions to keep online data safe.

A few weeks ago, an especially concerning security breach affecting 143 million Americans took place when Equifax, a leading online aggregator of consumer spending, personal and financial data, was hacked.

LARC prepares Matrix launch


Elizabeth Barcelos/Town Crier
Los Altos Research Center plans to open its doors next month to introduce the Matrix, a new data-sharing program that seeks to take on and eventually replace the internet.

While Peet’s Coffee & Tea on State Street bustles with customers, things are much quieter next door at Los Altos Research Center.

The storefront is usually empty and easy to walk past without noticing. You have to ring a doorbell to gain entry, if you’re lucky enough to score an invite.

Picking winning stocks can be a losing strategy

Here’s a simple question: Which has had better historical returns, stocks or one-month U.S. Treasury bills?

The answer is pretty much of a no-brainer. Since 1926, Treasury bills have returned a paltry 3.5 percent annually on average, versus more than 10 percent for the Standard & Poor’s 500 index. But that’s the average return for all large-company stocks.

Affordable housing shortage impacts Los Altos

Los Altos Mayor Mary Prochnow and Community Development Director Jon Biggs underscored the effects of the affordable housing shortage crisis on the community at the September meeting of the Silicon Valley Association of Realtors Los Altos-Mountain View District.

Although both Prochnow and Biggs touched on a number of issues, the shortage of affordable homes was the focus of their presentation.


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