05282017Sun
Last updateTue, 30 May 2017 5pm

Double your money

In Douglas Adams’ best-seller “The Hitchhiker’s Guide to the Galaxy,” the magic number that unlocked the universe’s answers was simple, if opaque: “42.” Adams later said it was a joke and that he picked the number at random, though many tried hard to justify that number as a truly magic number.

When it comes to investing and finance, however, there is a truly magic number: 72. While a spreadsheet or a scientific calculator may be required to calculate compound interest, using the number 72 gives you a simple calculation for when your money can double after compounding over the course of several years.

Fair Housing Month commemorates landmark legislation


Town Crier File Photo
Fair Housing Month is a nationwide celebration of the Fair Housing Act. According to Denise Welsh, president of the Silicon Valley Association or Realtors, local realtors are committed to the “principle that fair housing is an essential part of everything we do.”

Each year in April, realtors join the U.S. Department of Housing and Urban Development and the California Department of Fair Employment and Housing to mark Fair Housing Month.

President Lyndon Johnson signed the landmark U.S. Fair Housing Act, Title VII of the Civil Rights Act, in April 1968, which strives to ensure equal housing opportunity for all and prohibits housing discrimination based on race, color, national origin, religion, sex, disability or family status. In 2012, HUD published new regulations to ensure that its core housing programs are open to all eligible individuals, regardless of their sexual orientation or gender identity.

Have agency, will travel: Keeping up with the Joneses: Couple make mark on industry, community


Megan V. Winslow/Town Crier
Maureen Jones sold her Los Altos travel agency to Frosch in 2016. She now makes travel arrangements from home, alongside her husband, Roy, former Los Altos Chamber of Commerce chairman.

At one time, Maureen and Roy Jones seemed like they were everywhere.

When they weren’t in downtown Los Altos running their All Horizons Travel agency, they were active in the Los Altos Chamber of Commerce, the Los Altos History Museum and the Los Altos Kiwanis and Rotary service clubs.

Residents speak out against Loyola Corners redevelopment


Asher Kohn/Town Crier
The Loyola Corners development moratorium expires in late July, but a joint study session held last month brought the city no closer to modifying the zoning code of the commerical area.

A one-hour study session was not enough to make progress on ending the Loyola Corners moratorium.

The Los Altos City Council and the Planning and Transportation Commission met March 14 – before the regularly scheduled council meeting – to listen to presentations by Jon Biggs, Los Altos’ community development director, and David Shiver, a consultant from BAE Urban Economics. They were joined by 16 public speakers.

The wrong way to evaluate investment performance


The Harvard Crimson ran an editorial last year excoriating the university’s management of its endowment fund. Harvard’s student newspaper was blunt.

“Harvard Management Company announced a $2 billion loss for fiscal year 2016. Let’s not mince words: This is unacceptable,” it said.

Have we lost that Los Altos feeling?


Megan V. Winslow/Town Crier
Los Altos resident Curt Powell suggests that the city embrace as an icon the bespoke lamp posts installed in the 1960s by his father, whose vision of a modern village still has appeal among residents today.

As Los Altos prepares for changes to its downtown triangle, residents have varying opinions on the features and characteristics important to them.

The downtown visioning process will bring scenarios for growth, and two new office buildings – one nearly complete at First Street and San Antonio Road and another on the drawing board for State and First streets – will bring more workers to the streets.


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