Persia, Visited

We spend this afternoon with Darius and Liz celebrating the Iranian New Year. Their son, Cyrus, (pictured, center, with Joe and Eitan) is Eitan's school pal and a maths genius (says Eitan). The Iranian custom, I learn, to welcome the New Year visiting family and friends from oldest to youngest. The women prepare food anticipating 30 guests for lunch and dinner. Darius moved to London at age-16 in 1978; his family from Esfahan in the center of the country where they were farmers and landowners - "As a child, we would get on our horses and ride for days hunting or visiting friends. Nobody worried about us. If tired we would find a house and they would celebrate our arrival - they were my father's servants." By '78, Darius had passed his exams with honours and on his way to University - "we thought we would be in the UK for a couple of months then return home. After a year, my father said we had to get on with our education." This meant entering a school and getting a job - his first: transporting equipment for a famous American celebrity photographer ("all we did was party") while his older brother found the casinos and eventually gambled away their inheritance. Today Darius tells me that visiting Iran sees tension with his peers and elders who accuse of of failing Iran during the war with Iraq - "some people are very angry but I would be one more statistic. Many people died and some cities just emptied."

The Iran-Iraq war, also known as the Imposed War and Holy Defense, began when Iraq invaded Iran in September 1980 following a long history of border disputes and fears of Shia insurgency among Iraq's long-suppressed Shia majority influenced by the Iranian Revolution. Iraq aimed to replace Iran as the dominant Persian Gulf state. Iraq hoped to take advantage of Iran's revolutionary chaos and attacked without warning - Iraq made limited progress over several months then repelled by the Iranians who regained almost all lost territory by 1982. For the next six years, Iran was on the offensive. Hostilities ended in 1988 and the last prisoners of war exchanged in 2003.

The toll massive: a half a million Iraqi and Iranian soldiers and civilians dead with many more maimed or injured. The war's tactics compared to WWI, including trench warfare, manned machine-gun posts, bayonet charges, use of barbed wire across trenches, human wave attacks across no-mans land and use of chemical weapons like mustard gas against Iranian troops and civilians and Iraqi Kurds. The UN Security Council condemned the use of chemical weapons but Iraq never mentioned by name; consequently there is a lingering belief that the US prevented the UN from condemning Iraq. (Abrahamian, Ervand, "A History of Modern Iran," Cambridge)

Madeleine stuck on her homework.

Sonnet: "Tell us what you did at the British Museum?"

Me: "I saw some stuff."

Sonnet: "Tell me some more, a bit more articulately."

Madeleine: "We saw some stuff."

Sonnet: "Can you think of three or four specific things?"

Madeleine: "We saw Ginger [the carrot top mummy]. The Rosetta Stone. And lunch. We also went to Rome, but we were lost and thought it was Egypt."

Sunday Homework

Eitan: "Mum, I am really bored with this homework. The school homework is too easy."

Sonnet: "Well, how about your tutor's assignments? Those are a bit more challenging."

Eitan: "Yes, but I still have to do the other stuff."

Sonnet: "Well, do the tutor first and finish up your school work before bedtime."

Me: "What is your homework?"

Eitan: "I have to think up a disaster. In a sweets factory."

Me: "That sounds pretty interesting. How about a bunch of you are in the sweets factory listening to Manchester United on the radio and they lose?"

Eitan: "That is not funny, Dad."

Me: "Well, a year ago that would have been a calamity. Remember when we watched ManU lose to Barcelona in the UEFA Cup final? (which we watched at The Red Lion in Greenwich Village,NY). You were, like, sobbing afterwards. All the men thought I pinched you or beat you up or something."

Eitan: "Yeah .. "

Sonnet: "Don't get distracted. I am sure you can think of a good idea."

Eitan: "Maybe I can just say a bomb blew up the factory. Then at least I would be done."

Frog Spawn

Madeleine mills about the backyard on the first spring-like day on the first day of spring: "Dad! Come quick! Frog spawn!" she shouts. Eitan drops his rake and we run over to the pond: indeed, a batch of eggs. How unexpected. A frog darts below. The goldfish, too, re-appear after a long cold winter which froze the pond water -- I thought for sure they were dead but apparently they hang out on the pond's bottom where it is warmer. Eitan and Madeleine both familiar with frog spawn which is a Year 2 project. Madeleine goes to work: Tupperware - check. A few stones - check. Some seaweed and algae. Double check. She uses a soup ladle to scoop about a hundred eggs which now rest on the kitchen counter. Assuming Madeleine can keep her hands out and Sonnet allows it in the kitchen, we may have tadpoles. Fun!

The kids have an over-night with Aggie and Sonnet and I attend Sophie's bat mitzvah (Sophie's father Todd and I met through Brown; he is a senior partner and COO of investment firm KKR). Sophie does a magnificent job and the celebration at Madame Tussauds which we have all to ourselves. I chat with a party coordinator who tells me the museum receives over 10,000 people a day during tourist season. We are greeted with open bars, a Disco floor and DJ and the greatest mix of historical figures in our time: Michael Jackson and Barack Obama. Richard Branson and the Spice Girls. There is Churchill .. and JFK next to Twiggy. David and Victoria Beckham chat conspiratorially .. forevermore. We are served martini cocktails and mohitos before dinner and dance until late into the evening. Sonnet looks wonderful as she always does and we have the house all to ourselves for afterwards. How romantic. How strange.

Madeleine: "How do I get the broom?"

Me: "You can figure that out."

Madeleine: "I hate it when you do that."

Love Your Vagina . Com

The pictured ad, I submit, a new one for the underground. In this case, my photo from Waterloo Station. And no matter how you feel about one's "dangly bits" the simple message positive and consistent with the facts: this week's ICM survey of 3,000 British women reveals ages 18 to 24 had, on average, 5.6 partners between 2000 and last year. Gals in the 1960s (the "sexual revolution") averaged 1.7 partners; the 1970s, 3.7; and the 1990s - just under five. 8% of today's women have slept with more than ten partners by their mid-20s. As long as protection involved, I am all for it. Make love, not war.

Unfortunately, Figures from Cancer Research UK found that, despite better screening methods, rates of cervical cancer in women under-25 have not fallen. Although the number of older women diagnosed with the disease has decreased sharply, diagnoses in women in their mid-20s have not followed this trend. The NHS screens from age-25 but it should be much lower.

Separately re protection, today's Times reports that the UK government will send 42-million condoms to South Africa for the World Cup (no John Terry jokes please). Since 2007, Britain has been the largest country-donor of condoms to the developing world. Whenever the US preaches abstinence, the British quietly up their shipments of rubbers. This has likely saved millions of lives. Says Prof. Alan Whiteside, one of the world's leading HIV experts since the early 1980s, in the Times: "Britain's excellent track record on condoms is born of two things: realism and consistency. Britain has a pragmatic view of the world and public health. This has made the difference." And makes me proud.

Oh, so of course I check out loveyourvagina.com which is selling some kind of vaginal douche:

"We think it [a vagina] deserves some love, especially when you think how much love and attention you lavish on your hair, nails, teeth and skin."

And: "That's why we've created an alternative type of sanitary protection that's attracting more and more women every year. It's called Mooncup ... "

That, dear reader, is as far as I go.

So Chav

Madeleine this morning before school. The kids allowed to dress however they wish this Friday so Madeleine goes for the black track-suit. I am loving it.

The Queen

Sonnet at Buckingham Palace yesterday to prepare for a British clothing industry reception. That evening, she meets Queen Elizabeth and Prince Phillip, here pictured with Sophie Dahl in a red dress (photo from the BBC). Sonnet tells me the Queen and she chatted: "this group of young students is very talented" said her Royal Highness. The Queen also commented how sad that one of the designers working for Alexander McQueen -"That must be very difficult." Prince Philip, being Philip, flirted with the younger talent and grumbled to Sonnet: "well, I hope you are at least British" probably wondering about the Pakis or "slitty-eyes" which is how he once described the Chinese. The Queen's living quarters upstairs while the reception somewhere below her, so Elizabeth may breeze downstairs and greet her guests. She has 300 staff, at various households, who ensure things run smoothly and kept tidy (Sonnet notes there is a Coutts ATM in the palace - this England's most prestigious bank). Sonnet meets Frank, who lives on the palace grounds, and has been a part of the Royal Family's entourage for 28 years, visiting over 40 countries on his savings. Unmarried, Frank does not pay for his residency nor utilities and probably not board either. A bachelor's life in a glamorous pad -- imagine him bringing a date home. Budda bing. Sonnet sees a father walk his daughter from the palace to school. In all, while the palace the largest residential space in Central London with an enormous grounds, it provides a working backdrop for the pageantry of the Monarch. "A stage set" Sonnet remarks. How nice to be invited now and again.

During a Royal visit to China in 1986, Prince Philip described Peking as "ghastly" and told British students: "If you stay here much longer you'll all be slittey-eyed."

Sarcophagus - Queen - Taxes

This photo of Sonnet taken, I am guessing here, when she was ten though perhaps Stan or Silver can provide some detail. Madeleine keeps the picture with her valuables - she holds it dear - so I pinch it for now to scan and blog. Tomorrow, Madeleine's class will visit the British Museum as they study ancient Egypt. Eitan did the tour last year and took the family back for the highlights including "Ginny," a petrified mummy with a carrot-top hairdo pasted to her ghostly skull. 5,000 years look'n back atcha.

Sonnet at Buckingham Palace for a one-day exhibition showcasing the work of the British clothing industry from the fashion designers to their manufactures, the High Street and the press. This evening she will meet the Queen. Or, at least, the Queen will be present in a small gathering of the Good And The Great. Usually I beg to join these things but tonight no chance - security a maximum given her Royal Highness.

I have lunch with Lars. Since it is a glorious spring day we sit outside and discuss .. taxes. Yes, this a popular subject with ex-pats and rich people (we are not one) as the UK removes non-domicile status (or charges £30K for the privilege) and introduces a 50% tax-rate from April. So far there has not been an exodus but I am concerned when many (most) of my friends talk about leaving London. One could easily set up house in Geneva and pay a 27% tax rate or Hong Kong - 19%. Americans have more difficulty relocating away their burden since Uncle Sam takes his cut from no-matter-where but for my non-US pals: Britain at what price?

Moe corrects my yesterday blog: the piano in my parent's living room a Baby Grand Baldwin.

Pied Piper

London a great city for many reasons but my favorite: who knows what pleasure around the next bend? In this case, pictured, I poke my head into St James's cathedral at 11AM to find this wonderful, serious, trio warming up for a noon-time performance. I have them all to myself for about 20 minutes allowing me to reflect upon the the piano with some mild regret - I never paid attention despite my mom's best efforts (my grandparent's imposing Steinway in my parent's living room). The last thing I and Tom Sawyer wanted to do on a summer's afternoon was practice the piano. As life repeats, I feel momentary pangs of guilt that ours not more exposed to music (and I do, dear reader, include the trumpet). There is a balance between structured activities and a kid's freedom and, for now, the kids fairly loaded up. Exhibit A: this blog. We cannot do everything so let us hope we at least do things the Shakespeares sometimes enjoy.

Esher Colts & Crystal Palace

Eitan and I out the door by 8AM for his double-header at Esher in Surrey - to retain KPR's top-of-the-league a double win needed but instead we get a split winning the first and tying the second match in a wild 4-4 thrilla. Eitan scores a go-ahead left footed shot moments before the first-half ends but Esher come back firing and soon up 3-2; KPR ties then Esher 4-3. With a minute to go, Eitan scores the equaliser and our side erupts in joy. It is a cracker, too, spreading two defenders and a gentle tap into the net. His a safe pair of boots the dads comment. 

Eitan's team-mates pound him and he ducks their affection with a charming bashfulness. But wait - the game not over! Esher races down the pitch while our boys distracted and their striker, a strong kid with wavy hair, hits a drifting shot that sails above our defenders towards the top goalpost for a certain goal .. we watch .. Maxime, our splendid goalie, somehow gets a hand on the ball and forces it over the top. Whoopee! Today Maxime the hero as the boys smother him with love before lining up to shake hands with the other side. (Eitan: "In every picture you take of me my hair is messy or untidy.")

From Esher we drive to Crystal Palace so Eitan can swim in the British Gas County Championships which are held at the National Athletic Center. I am so used to grody London pools that a well-designed 50-meter indoor pool, even if dated, catches me by surprise.  Our frogger in two relays and begins by leading off the 4X50 medley relay - backstroke not his best stroke yet he gives his all, coming in last of eight. Later, his 4X50 freestyle team wins their heat - I get a big thumbs up and happy grin as he looks up for me in the stands - but his squad disqualified for an early start. What ref would do this to the 9-10 year olds? For Pete's sake. Eitan is sanguine: "we still won anyway."

Sonnet spends her Mother's Day with Madeleine, who is up late last night making a card: "you are a very good cook" she notes lovingly.

Trampoline

Our neighbours Helen and Martin have a bouncer in their backyard, pictured, which receives a joyous whoop! from the Shakespeares. They are invited to give it a test-run. Eitan says, looking at the photo, "I think it was really fun and big. Uhhhh" (his contented sigh similar, dear reader, to an extra serving of desert and I raise an eyebrow). Martin meanwhile an electrical engineer and I admire the wiring which he did on his own. In the dining room, for instance, a master control connects 16 switches to each ceiling light - or, as Martin says, "to confuse everybody." Me, I think it is genus. It reminds me of Arthur. Their house has all sorts of fun peculiarities like the fold-down stools in the kitchen or the bunson burner like stove. They also have a wonderful border collie, my favorite dog ever, and a pet rat (Madeleine notes that the cage a good one - she should know ). Helen and Martin's daughter engaged yesterday - bravo.

Carnaby Street

I am on Carnaby Street (parallel to Regent Street and South of Oxford Street) and walk by American Apparel - pictured. What's up with the porno? Carnaby once London's fashion and all that - 1958 saw the first boutique, His Clothes, followed by I Was Lord Kitchener's Vale, Mr Fish and Cecil Gee (each had bespoke tailor's shops), Kelptomian, Mates, Ravel and on and so on. By the '60s, Carnaby popular with Mod and hippie styles while designers Mary Quant, Marion Foal and Sally Tuffin set up their stall; there were underground music bars like Roaring Twenties - here, The Beatles, The Who and Rolling Stones jammed into the morning hours (the legendary Marquee Club just around the corner on Wardour Street) and shopped and socialised - it became Swinging London's coolest destination which eventually stormed North America when Time Magazine noted in its cover story: "Perhaps nothing illustrates the new swinging London better than narrow, three-block-long Carnaby Street which is crammed with a cluster of "gear" boutiques where the girls and boys buy each other clothing."

Today Carnaby a rag tag of its formal self. No doubt it is crowded with shoppers spilling from Liberty's or nearby Asquascutum but it lacks the jazziness that made it famous. There is a good shop for trainers and a vintage clothing store or two and a few fashion bazaars but overall it can be done in fifteen minutes - thankfully, no Starbucks but neither Vivian Westwood nor Ossie Clark. Surrounding us is Soho which retains its cool maze of back streets connecting high-end boutiques to "adult entertainment." Looking up, the architecture amazing - I see Victorian and Art Deco against modern chic and awful 1960s. It is a fascinating area to meander even if the '60s' crown jewel has faded from its once glory.

Image from American Apparel website.

Miss Trunchbull

Madeleine's Year 3 afternoon honour Roald Dahl, who the kids have been studying, with performance and song. Here, our hero plays Miss Trunchbull. Recall Trunchbull from Dahl's "Matilda": When Matilda's teacher appeals for Matilda to be moved up in school, the cold and bitter headmistress (pictured) refuses. Miss Trunchbull's treatment of her students border-line child abuse, tossing youngsters out of windows and locking wrongdoers in a closet lined with spikes, called "The Chokey." Trunchbull gets away with it because the stories of her abuse sound too far-fetched for parents to believe. She also tries to exploit students' weaknesses, forcing an overweight Bruce Bogtrotter to eat a gigantic, multi-layered chocolate confection before the entire school - he succeeds, much to her annoyance. Miss Trunchbull stops short of physically beating the children only because it is illegal - she is often frustrated by this. To make matters worse for Matilda, Miss Trunchbull has bought a defective used car from Matilda's father and because of this has developed an irrational hatred for for Matilda.

Madeleine for her part plays a good role (She: "On a scale of one to ten, I was ten nervous") and Sonnet and I in the first row lending our encouragement. Between us and the stage, the other classes march in and we spot Eitan and Eitan's hair: it strikes me that he looks like a stoner. Long and feathered, covering his eyes and uncombed, he slouches alongside his friends and suddenly I have a different view of my growing up boy. Soon he will be dating, as did classmate Charlie Fox who went on a double-date to the movies, chaperoned by Charlie's nanny. Charlie only two years older. Sonnet and I agree: a brave new world awaits.

"Psst! My idea of a perfect school is one in which there are no children... at all."

--Agatha Trunchbull

Rock Slide

Sonnet and I have travelled this road in Glenwood Canyon, pictured, on several occasions visiting her family in Colorado (thank you, Silver). Happily they are fixing the thing before we arrive this summer. It reminds me of the KKH but I guess this the state of US infrastructure nowadays. I recall Sonnet reading "The Red Badge Of Courage" while the kids slept passing this spot on the highway. She was in the passenger's seat.

Christmas Cake

Photo of Toky by Munar Kumar (via David). I do not otherwise know Munar but understand that he is a successful hedge fund manager and travels to Japan. His image captures the strangeness of the world's largest metropolitan economy with 35 million people (source: PricewaterhouseCoopers). NYC, by contrast, has 17 million. To put Tokyo's size into perspective, London the largest city in the world from the 18th century to 1952 when Tokyo surpassed us becoming the world's second city with over two million.

My love affair with Japan formed in the second or third grade when we had a wonderful nanny Taka (my mom remained in contact with Taka until recently). Taka was a gentle soul who patiently taught me some Japanese and was always Katie's and my confidant. Then it seemed perfectly normal to have her in our house, though how strange in reality - this was the 1970s, after all, and being a single Japanese woman in America .. unusual. Taka a member of our family and the real gift she gave me was Godzilla. For several years I dreamed of the green, fire breathing lizard and his pals/enemies King Kong, Mothra, Destoroyan and Rodan, who had claws like Alexander McQueen. The movies strictly pulp but how I loved them. Mandatory trips to San Francisco's Japan-town followed where yours truly spent his allowance on Japanese action figures and comics, all words in Japanese, but so what? There were fabulous photographs of dudes dressed up in monster suits doing battle on top of miniature cities which all seemed very real to me. This my Harry Potter or Manchester United moment.

I have not visited Japan yet I am fascinated by their culture so one day I will. Most Westerners suggest Tokyo a difficult city for outsiders: no English and citizens unhelpful if not racist. Of course I love Bill Murray's "Lost In Translation" but Tokyo only a hint of the film's intended disorientation; really that was about Scarlett and Bill longing for something, mainly each other. Allow me: final exams, junior year at Brown in springtime. I am studying in a deserted brownstone next to Sayles Hall on the main campus. The hours unusual since, well, cramming. I meet a woman doing the same and we hang out for three days and nights, mostly studying but also talking and smoking and looking inside. Nothing physical but oh, the possibility - yes, to be 20 years old. I never saw her again after that. This is what I think when I see this photo of Tokyo city.

Madeleine knocks on the door. Me: "Who is it?"

Madeleine: "Me!"

Me: "What's the secret password?"

Madeleine: "Let me in."

I open the door for her and Sonnet.

Madeleine: "Can you believe I got it the first guess?"

Tuesday Any Day

A quick report: breakfast at The Wolseley with a quant guy on the UBS trading desk. Coffee with Joseph at Starbucks; bus ride home and some work. A bunch of phone calls. It is cold and grey (go figure). Tonight I will go to Emirates to see Arsenal vs. Porto in the Champions League quarter-final with Jueren, whose son plays for KPR. Eitan jealous but sometimes those are the breaks.

On Being An Entrepreneur In England

Desperado the mouse - I know how he feels. Being an entrepreneur difficult anywhere but just try starting something in the UK. Oy vey. In Europe in 2009 in my business 136 funds raised $74 billion, or half by number and capital then 2008. This represents about 30% of all capital raised in '09. European buyout funds raised $37 billion or about half of all funds raised in '09. Real estate accounted for 18% and - here's the rub - venture capital raised $5 billion or 7% of the total, according to industry expert preqin.

In the US, venture fundraising about twice that of Europe or $15 billion in 2009 - levels equal to 1992 levels or way down. So .. less money going to private equity and less to the VC subset, though the US still sponsors many more GPs.

This trickles down to the start-up communities who are, at best, under-valued in Europe. A bad thing given the impact of venture on the economy: According to the NVCA, in the US in 2008 venture capital-backed companies employed over 12 million people while generating $3 trillion in revenue. This is 11% of private sector employment and equal to 21% of US GDP. These datas do not include the "ripple effect," ie, hospitals and corporates better run thanks to email and IT. And so on and so forth.

So back to me: it is no good to dream of starting a company if there is no love. It does not help if exits (IPOs or m and a) far and between+high capital gains taxes which further erodes returns. In short, the Great and the Good (which is not me, dear reader) who do go out on the plank must have the potential of getting rich. Unfortunately in England I have found skepticism, jealousy and regulation - not to mention lousy weather and poor communication. Not surprising I have also found a depressed entrepreneurial spirit. At my age, some or many of my (MBA) peer group should exploit its experiences and networks - if not now, when? By failing to do so, our society loses the limited venture capital to China or India nor releases its best talents. We must choose between being Disney World or a modern world and the first step from up top.

"Let the work of change begin."

--PM Gordon Brown

You've Got The Love

Eitan reads an American book "A Diary Of A Wimpy Kid": "Dear Auntie Lorreta, thank you so much for the awesome pants. How did you know I wanted pants for Christmas? I love the way they look on my legs." Eitan cracks up ("pants," dear reader, is underwear in Britain. And: "All my friends will be so jealous when they learn that I have my very own pants."

Sonnet up and out the door at the crack of dawn, setting the alarm for 8AM in case this "lazy lunker" (as Madeleine would say), moi, is not out of bed. Sonnet, as many of you may know, is taking a five-month work-leave from the V&A to spend time with the kids and me and, most importantly, herself. The museum has been a ten year effort and before that, the Courdault Art Institute which brought us to England in '97. Our transition not easy - me knowing not one person nor suited for the climate - but her strength and guidance has brought us to a wonderful place which educates our children and allows us to live if not thrive. She is deserving of her time.

Me: "Madeleine do you have anything to say for my blog?"

Madeleine: "No."

Me: "How about something better."

Madeleine: "Dad."