Sweep

Yes, that time of year again and the kids look at me balefully: "can't I just do my homework?" Madeleine asks. We all chip in and some several hours later the leaves bagged, pond dredged, trees pruned, cracks sealed .. how did we get to November already?

We have a late dinner with Tony and Susan who are moving to Boston earlier than expected. Tony and Susan have found a flat on the sixth floor of a seven-floor pre-war colonial in Back Bay one block from the Boston Common. I have indicated that I plan to make myself comfortable there whenever in town. Tony has been a friend and mentor from early Trailhead Capital and we share several funds together. He is a self-described "recycled entrepreneur" whose first company, Morris Decision Systems, ranked in the US top-ten for growth during the 1980s before being sold. Today he advises tech companies on strategy and development and serves as an advisor and director to a number of private and public companies including Datanomic and Diamond Wood China, a renewable energy company. He has also invested in a number of the most successful Silicon Valley funds during the golden era of venture capital.

It has been some time since we have lost an important friend to re-location. Four or five years ago many of our dearest American expats returned to the US .. 10 years into "an experimental living" seems to be the make-or-break point on becoming "native." So here we are at 14 - go figure. My dreams of the Pacific or Sierras on hold indefinitely but never say never. Moe once commented: "Not a bad place to be ship wrecked" when I once saw things this way. Now I love London's weather and the excitement of a day trip to a European city, even better if not for work. Or watching Eitan play football and cheering Manchester United or Madeleine's performance class. I am also proud of Sonnet's museum and our friends and so when someone dear departs I am reminded that most things do not last forever.

Errands And Workless

I drag Eitan around on errands - here we are at the lighting store. I am pretty certain this about the last thing he would wish to do but we keep good company anyway. To pass the driving, we hum songs and try to guess the other's choice: Eitan goes with "Purple Rain" and "When Doves Cry" until he gives up with my attempt at Coldplay and Elton John's "Benny and the Jets".

The Times reports that in some parts of Britain one in three households are made of people without jobs. In Liverpool, which tops the table for highest proportion of workless households, all adults in 32% of homes in the city are unemployed. The national average for workless households is 18%. Unemployment during the recession has climbed by 1 million and is forecast to rise again next year to 3 million. But the government has announced that it will slash welfare payments to try to reduce the deficit. People are hurting - will things hold together? Can they ?

At St. Paul's.

Me: "What do you think that giant chimney is for?"

Eitan: "Maybe it's a brewery?"

Eitan, looking at the diagram of an atom: "Dad, I know just looking at this it is something I am never going to understand."

Say, Candy and Ronnie, have you seen them yet
But they're so spaced out, B-B-B-Bennie and the Jets
Oh but they're weird and they're wonderful
Oh Bennie she's really keen
She's got electric boots a mohair suit
You know I read it in a magazine
B-B-B-Bennie and the Jets

--Bennie And The Jets, by Elton John

Saint P

The boy and I check out Colet Court, where Eitan would go for a year if were to attend St Paul's School (which celebrated its 500th anniversary last year). We do the shuffle through various departments (the school grounds on 45 acres. This is twice the size of Columbia Univ with all its undergrads and graduate programs) checking out the science lab (Eitan: "I am waiting to see if they light those bubbles on fire"), arts, computer center and library. My favorite the wood shop - man I could just lose myself here, like, today. Eitan takes it all in and shrugs it away. I don't know if Eitan (or Madeleine) will go to these schools (or if we can afford to send them there) but the level of opportunity tremendous. Certainly on par with Brown.

It is interesting to observe the attending families, who range from scruffy to extremely well groomed (since I am unshaved, I am the former). There is sizable ratio of Range Rovers in the parking area and I like to think my humble Golf keeps it real. 75,000 miles baby. The school staff love their boys and it shows at every touch point. The teachers poetic about their student's accomplishments in academics and sports or the arts. They are proud to be here. The drama department has played professional venues. Authors visit to discuss their books which are on the library shelves. Last year Prince Charles popped by. Before the Head Teacher addresses us, a sixth former performs Aaron Copeland's "The Cat And The Mouse" - it is brilliant. St Paul's a special place and no doubt exclusive - not many kids from state schools here. I have no worries for Eitan whether at St Paul's or somewhere else.

Jackson visits for an over-night. The kids take a break from a Charlie Brown DVD to eat pizza.

Madeleine: "Last year somebody brought a skunk to school. But it had a shot so it did not make any smelly farts. It was really cute with big eyes and we got to hold it."

Jackson: "Woa."

Madeleine: "Have you seen a raccoon?"

Jackson: "Not recently."

Madeleine: "Or a baby deer? In the wild."

Jackson: "I was about this far away from one" (indicates four feet)

Madeleine: "I was about this far" (indicates ten feet or the walls of the kitchen)

Jackson: "They come to our house (in Canada) and knock the doors down."

Madeleine: "If a bear attacks somebody three times, they kill it."

Jackson: "I didn't know that."

Madeleine: "The cut off its head. Then peel its fur and take out its eyeballs. Then they put it back together. It's really creepy."

Jackson: "Have you seen a moose?"

Madeleine: "No, I don't think so. Have you seen a Bald Eagle? Those are really cool."

Me: On a scale of one-to-ten, how much do I embarrass you with ten being the worst?"

Eitan: "Well, about a six. Unless you are singing or something then it is higher."

Me: "How about your mom?"

Eitan: "Three."

Me: "And your sister?"

Eitan: "She does not really embarrass me. She's just Madeleine."

Belle D'Opium

I am at Terminal 4 yesterday morning and far too early for this add. I take my blackberry photo above four women in hajib whose look suggests something between disinterest and smirk. And just where does soft-porn begin? I wonder. Eric's reply: "apparently at Gate 10."

The model BTW is Mélanie Thierry, who began as a teen model in France, then moved into acting. She scored an international crossover hit at age 18 as the love interest of ship-bound Danny Boodman T.D. Lemon 1900 in 'The Legend of 1900.' She also featured in two episodes of the BBC costume drama 'Charles II: The Power and The Passion' where she played the kings french mistress Louise de Kérouaille opposite Rufus Sewell. She made her Hollywood debut in the 2008 film Babylon A.D., as Aurora. Mélanie born in 1981. Kind of a bummer that she has a long-term boyfriend - French singer Raphael Haroche. The add suggest so much more.

I fly to Rotterdam for one meeting and spend the day there. My plans to visit the Edvard Munch collection thwarted as our schedule moved forward one hour. Everything goes well until the end when we learn that the potential investor can do €5 million or €10 less than initially indicated. While this a lot of money, it is peanuts on an €800 million fund-target and not worth the amount of effort to get here. The thing about the money business - you really learn who is hot air. It takes a couple turns but eventually I learn where to apply my time. I end my afternoon with a run along the port river and then a car ride to Amsterdam's Schipol airport and home where Sonnet waits up for me (10PM).

Dog Training

"Rusty" seems to be a clever dog who responds nicely to training, pictured. Madeleine and I at the vets where, for the next four weeks, we spend Wednesday night with three other couples also trying to bring their dog to heel (thank you Silver for your gift !). For a click and a few kibbles, "Rusty" moves into a sitting position. We lavish praise upon him. He lies down. We coo. He makes eye contact. We rub his ears and scrunch his face: well done "Rusty!" He takes a leak on the floor. Silence. The dog learns.

Walk

Prepare thyself for pictures of "Rusty." Madeleine and I take the pooch out, 7AM.

Koyaanisqatsi

There is not much surprise in yesterday's US mid-term elections which usually swing against the prevailing party: President Obama and the Democrats take a thumping including the loss of the Illinois seat once held by Senator Obama. Bunk. Yesterday saw all 435 seats in the House of Representatives and 37 of the 100 seats in the Senate contested along with 38 governorships, many state legislatures, four territorial legislatures and numerous state and local races. The Republicans take control of the House of Representatives but fall just short of winning the Senate. At least unpleasant Meg Whitman and her money do not take California - but Jerry Brown? Oy vey. I listen to the joyous screeches from America's heartland on the BBC and wonder: Another Republican shut down of the US government similar to '95? Surely nobody wants that yet how are we going to compromise on debt and tax reduction? Unlike '95, which seemed like a goof, America's 10%+ unemployed need their unemployment cheques. These buggers are armed too. Plus there is Afghanistan and Pakistan and Iran (oh my). And China's currency policy. Oh, and social security, Medicaid and climate change. Under Clinton's second term, politics returned to some middle ground (many of Gingrich's points in his "Contract With America" implemented BTW including welfare reform) and times were good. Let us hope for a similar best case but somehow I do not see Sarah and the Tea Party having a clue nor care for the country. Drill, baby, drill.

I saw Koyaanisqatsi at the Thayer Street cinema at a midnight showing my Freshman year in '85. The film presents slow motion and time-lapse stock footage of cities and natural landscapes across the United States. The visual tone poem contains no dialogue nor vocalized narration: its tone is set by the juxtaposition of images and music composed by Philip Glass. It is generally very depressing and concludes with the explosion of a rocket whose nose slowly tumbles back to earth, out of control. Says director Godfrey Reggio: "it's not for lack of love of the language that these films have no words. It's because, from my point of view, our language is in a state of vast humiliation. It no longer describes the world in which we live."

"Crazy life, life in turmoil, life out of balance, life disintegrating, a state of life that calls for another way of living."

-- Hopi definition, Koyaanisqatsi

Final Pumpkin

One more photo and Halloween a wrap. Kids back to school tomorrow following half-term break. Sonnet's monthly departmental meeting early Monday and I have to send my %^&*$ computer to Sony for repairs. Oh, and the boiler still not fixed so no heat. Rusty just took an enormous shit on the kitchen floor. But, on the bright side, the kids count their loot and the party a success. We are going to watch a family movie, Tom Hank's "Big," and we have an extra hour thanks to day-light savings. Life is good.

Hallowe'en

I arrive home and everything back to normal - pictured.

And today is Hallowe'en. Eight trick-or-treaters over to our place to raise hell. Sonnet asks me to find some scary music for the party and only one thing will do: the theme song to John Carpenter's "Halloween" in '78 which scared the bejesus out of me. Yes, this the original "slasher" movie. The film set in fictional Haddonfield, Illinois, a perfect American suburb with clean white houses and roads lined with autumnal trees. On Halloween, six-year old Michael Myers murders his older sister with a long knife. Fifteen years later, he escapes from a psychiatric hospital, returns home, and stalks teenager Laurie Strode and her friends. Michael's psychiatrist Dr. Sam Loomis suspects Michael's intentions, and follows him to Haddonfield to try to prevent this from happening. Now de rigeur in today's horrors, there are sexy teens having sex and getting their comeuppance. Unlike now, there is very little violence and heroine baby-sitter Laurie hardly helpless: trapped in a closet, Laurie stabs Michael in the eye with a wire hanger to make her escape. In today's slashers, everybody gore. Sonnet: "Are you scaring the kids?"

Eitan and Madeleine sleep-over at Aggie's and I forget Eitan's football game so we frantically dash to the pitch for the last 20 minutes of KPR's match against the Barne's Eagles (recall this the team KPR played 3X in a pre-season tournament scoring one goal and ending up with three ties. Consider that). So we are not surprised to find the game scoreless. It is raining and muddy as the boy ordered straight onto the pitch without warm-up. And worse: the Eagles score and it looks like curtains as they come close to number-two a moment later. But the lads hang on and Eitan sets up two strikes on a cross and down-field break-away. KPR wins, 3-nil.

Eitan: "I'm not having a bath."

Me: "would you rather have a bath or bugs in your hair?"

Eitan: "Is that a serious question?"

Me: "Yes."

Eitan: "Bugs."

Me: "No choice. Bath now."

Eitan: "Can I do that tomorrow?"

Me: "Are you a procrastinator?"

Eitan: "I don't know. What's that?"

Me: "It is when you do something tomorrow that can be done today."

Eitan: "Well, I'm a do-it-tomorrow kind of guy."

Me:

Eitan: "Well, actually, I do like saving things if it's a good thing."

Madeleine: "Did Auntie Katie make up the the OpEd page?"

Me: "Yes. She is the founder."

Madeleine: "Is it all around the world or just New York?"

Me: "all around the world I suppose."

Madeleine: "Whoa! That's cool."

(Madeleine examines an OpEd page greeting card of eight women)

Madeleine: "How many people do it? By the looks, lots."

260 Fifth Ave.

Katie and I outside her office building in Lower Manhattan.

Empire State

The Empire State Building, all 102 floors of her, taken from Katie's office floor. This baby stood as the world's tallest building for more than 40 years, from its completion in 1931 until construction of the World Trade Center's North Tower in 1972. In 2001, she became New York's tallest building again.

Katie and I have lunch at a nearby diner then stroll to 23rd, Fifth and Broadway so I can take a picture of the Flat Iron building, which anchors the the south (downtown) end of Madison Square. The Flat Iron one of the world's first skyscrapers and, at completion in 1902, was herself the tallest building in New York City. From there, Katie introduces me to the Eaterly Market which offers wonderful indoor food stalls, coffee, fish and cut meats, breads, olives and various candied treats. It is all hussle and bussle as Hermes and Gucci stuff their faces with stinky cheese and sour dough bread. I buy some nugget and chat with the cashier who is proud to be a part of all this; we agree, it is just like the Harrods Food Hall.

Eitan: "Joe's mum (Aisling) told us a funny story."

Me: "Yes?"

Eitan: "Aisling was at a party and her friend has a seven-year old kid. His mum asked him to serve some nibbles and he brought out the dog food. When his mum came in everybody was eating dog food."

Me:

Eitan: "They said it tasted kind of queer."

Katie's Bio

Founder and Director of The OpEd Project, Katie Orenstein has contributed to the op-ed pages of the New York Times, Washington Post and Miami Herald. Her commentaries on women, politics, popular culture, mythology and human rights have been nationally syndicated and appear in anthologies. She has lectured at Harvard and appeared on ABC TV World News, Good Morning America, MSNBC, CNN and NPR All Things Considered. A graduate of Harvard (MA) and Columbia (MA) universities, she is the author of Little Red Riding Hood Uncloaked: Sex, Morality & the Evolution of a Fairy Tale, which explores stories told about women over 500 years across multiple continents, and how they shape our lives today. It has been translated into multiple languages and is under consideration for a television series. Newsweek called it “revelatory,” The Wall Street Journal called it “beguiling,” and feminist author Naomi Wolf called it “laid back, readable brilliance.”

Orenstein has lived and worked around the world and particularly in Haiti, where she traveled as a folklore student and journalist in the 1990s, during a time of political upheaval. As a result of that experience, she has reported extensively on Haiti; organized fact-finding delegations for journalists, scholars and lawmakers; and consulted with the United Nations human rights mission. In 1996 she worked with a team of international human rights lawyers to assist victims of military and paramilitary violence in seeking justice. She investigated tortures, rapes, political assassinations and massacres; interviewed hundreds of victims, witnesses and alleged criminals; and coordinated lawyers’ and victims’ efforts to build cases against their persecutors. She has written about some of these cases and their aftermaths in Haiti and in the United States.

Orenstein has received a Peabody-Gardner Fellowship, Tinker Grant and a Cordier Essay Prize (from Columbia University), and was a finalist for the 2004 Prize for Promise, designed “to identify young women, aged 21-35,of great promise and vision who could... become world leaders in their respective fields.” She is a fellow with The Woodhull Institute for Ethical Leadership, and a fellow of the Echoing Green Foundation, which selected The OpEd Project as one of 19 of the most innovative social enterprises worldwide, out of a pool of 1500 applicants.

--The OpEd Project, 2010

Danielle

Here is Katie's fabulous Operations Director Danielle, pictured. Danielle also runs the Mentor-Editor Program, which includes 17 Pulitzer Prize recipients. In addition to her role at The OpEd Project, she is the treasurer of One Village Planet---a non-profit organization which focuses on sustainable development and agriculture in Haiti and Ghana--and is the founder and President of The One Village Planet-Women's Development Initiative---a non-profit dedicated to ensuring safe working conditions for women in the Tamale region of Ghana, West Africa--who are involved in the shea industry as both harvesters and processors---and empowering them to attain sustainable economic autonomy. Danielle received her MFA in Poetry from Hunter College, in New York City, where she also teaches creative writing and composition to undergraduates (from the Op-Ed website). She is also totally cool as only one can be in New Yawk City.

"I'm in a pickle"

--Katie (a suggestion, she notes, that applies to all women)

Cop

These friendly cops let me take their picture in Times Square. It has been a long time since the counter revolution named them "pigs." Today the NYPD the largest metro police force in the US with 37,838 uniforms and another 10,500 auxiliary police, school safety agents and traffic enforcement wardens. This compares to Scotland Yard: At February 2010, London owned 33,258 sworn officers and 2,988 Special Constables, 14,332 civilian police staff, and 4,520 non-sworn Police Community Support Officers.

In 1989, the year I arrived in NY, the city surpassed 2,000 murders before peaking at 2,245 in 1990 (today the figure 500 or at historical lows). Back then, New York a sinister, exciting, place. One considered transportation between parties or clubs or wherever with safety in mind. The subway menacing. My girlfriend refused to leave my flat unaccompanied and who can blame her? While the chance of being mugged, let alone kilt, in a city of 7 million people fractional, the daily, gory, reportage made it feel out of control. Feeble Mayor Dinkins did not help.

London, by contrast, an odd far-away fairyland with its red phone booths and bobbies who walked their beat sans fire arms. How could a similar urban city, coming through a brutal economic transformation, be so much kinder? For starters, London did not have a crack problem (heroine, yes). Londoners not armed with Saturday Night Specials or other hand guns. The social services removed a desperate edge. In 1990, London's homicide rate 184 (1990 population: 6.7 million).

New York's murder decline well documented and a combination of Mayor Giuliani's focus on petty crime, jail-sentencing and data tracking+the easement of hard drugs and the return of the city's economy reversed the 1980s. Giuliani brought back the street cop, otherwise found behind the wheel, who became friendly with the neighborhood. Graffiti disappeared and crime

dropped dramatically - today's murder rate one quarter of 1990. Police respected and no longer considered the adversary (view: Serpico, The Bad Lieutenant). I do not spot a gum wrapper on the Upper West Side.

Yes, New York City glitters. Manhattan one giant Gap or Banana Republic or Starbucks - each on every corner. Gone is the violence, the grit, the fear - replaced by diners that serve $20 goat cheese omelettes. Nobody smokes. The Yankees have a billion-dollar ballpark. Minorities and artist leave Manhattan for cheaper rent; Greenwich Village no longer gay. Too expensive. Studio 54 long-disappeared and The Palladium now a NYU dormitory. While it may be easy to reminisce of New York's creative, hard, '70s, I was there for the end of that. Nobody wants to revisit 1990.

Sources: US Census, UK Office for National Statistics, London Metropolitan Police, office, NYPD

"When you confront a problem you begin to solve it."
--Rudy Giuliani

Eux Autres

Lead singer Heather (photo from Janine Quaile).

So Is Venture Dead?

Christian at his penthouse flat.

I attend the Industry Ventures general meeting which takes up the morning. It is a good moment to catch up with the team, where I am a Venture Partner, and see investors - I have dinner with two colleagues who manage many billions of alternatives for several Dutch pension funds. They have decided to take a pass on venture for the next two years and we debate whether the venture model broken. Easy to be dispirited, too, when the industry has returned a median 4% on invested capital since '00 (the Dow, by comparison, about the same place but with huge volatility). Investors want a premium for their ten-year cash lock-up and VC ain't doing it. On the bright side, the over-supply of capital working its way through the system and we are near the end, one hopes: 1999-00 vintages done though may receive an extension. Once Industry Ventures bought these tired funds and limited partners but now we focus on 'secondary directs' - focusing on the great company rather then a portfolio and writing off the dogs. No need for the extra-step as deal flow has increased maybe tenfold since I first met Hans and Mike.

So is venture dead? Every day m and a exits net 5-10X cash multiples on smaller, less visible deals; there are 120 tech IPOs filed with the SEC. Many will not get out but, still, there is money to be made. Managers now raise less capital and concentrate on highly specific areas like nano-technology or cancer or whatever. Their companies advanced when they raise institutional support, and less of it. This year Silicon Valley will rake about $14 billion or the same as last year when fundraising at historical lows. Without pensions, fund managers will remain lean - here lies the opportunity.

Giants World Series

The Giants are in the World Series, vs. the TX Rangers, for the first time since 2002 when they played the the Anaheim Angels. Back then, the Giants split the first two games in Anaheim and took two of three at Pac Bell Park. With the Giants leading the series three games to two following a 16–4 blowout win in Game 5, the series shifted back to Anaheim and the momentum with with it. With the Giants leading 5–0 (5 to nil!) in the bottom of the 7th of Game 6, Manager Dusty Baker removed starter Russ Ortiz and handed him the "game" ball as he left the mound. Moments later, Scott Spiezio hit a three-run home run for the Angels off reliever Felix Rodriguez, who then went on to win the game 6–5. The following night, Anaheim won Game 7, 4–1 to claim the Series. We are still smarting from that one. Dusty now Manager of the Cincinnati Reds.

At this writing the Giants up 2-nil and the second game remarkable for the Ranger's pitching collapse allowing a seven run 7th inning including 12 straight balls. I love W watching the game probably eating a potato chip.

Before Game 1, Christian and I walk to Pac Bell ballpark to check out the vibe. Giants fans dress in orange and black with wigs to support opening pitcher Tim Lincecum, known as "the Freak," or black beards for Brian Wilson ("Fear the beard). Christian spots SF mayor Gavin Newsome in civilian fatigues and gets a shout out; the day before he recognised Giant's manager Bruce Bochy, incognito, as we jog by the crowded Ferry Building. I don't know how Christian does it - these guys just don't stand out for me. The evening before I am at a cocktail party for Industry Ventures then Christian and I meet at the Great American Music Hall to hear new band "Best Coast" which we both like. The lead singer a California convert: she sings about mountains and oceans and love. All that. We are six feet from the band. Afterwards we go to excellent restaurant Flour+Water on Harrison Street. The next night I rally for two more bands including Eux Autres. I meet lead singer Heather Larimer who is from Nebraska and, at 18, "got the first bus outta there." Eux Autres channel 60s French pop and I dig it. Heather tells me she will be in London in February.

Madeleine: "Rusty just winked at me."

Me: "Why do you think he did that?"

Madeleine: "Because I was going 'blah la la blah la la' at him."

Eitan: "You mean 'Blah la la la la la'?"

Madeleine: "No, it was 'blah la la blah la la'"
Me:

TLC

Grace and Moe, alive and vibrant. Grace is the operations director of the Link To Children (TLC), a non-profit she founded in 1996 with Katrina Ross and a few others; I recall Katrina from the Montessori School Grace started in the basement of an Oakland church and ran with Katrina in the 1970s and early 1980s (Grace and I went to the church earlier this year and memories from 35 years ago true). TLC's mission statement: to support the healthy emotional development of children 0-5 years of age within a culturally relevant context so that young children will be able to learn to their full potential, even in difficult times and under difficult circumstances by providing early intervention mental health services at child care centers in Alameda County. TLC's two-year multi-lingual, multi-cultural training internship provides post-masters mental health interns with a specialization in culturally competent early childhood mental health.

Today, TLC interns provide up to 3400 hours a year of early intervention services to the families of eleven centers. They collaborate with parents, preschool teachers, administrators, and community agencies in support of the healthy emotional development of young children. TLC has a Clinical Supervision Team who supervise the mental health interns. TLC is one of four agencies funded by Every Child Counts First Five to partner in the development of mental health services for all children five and under in Alameda County. In addition, through the Early Opportunities Learning Act TLC is partnering with Safe Passages of Oakland to provide services to two South Alameda County child development centers. Also, TLC has just opened a new play therapy office at the Alameda County Family Justice Center in Oakland, a one-stop service center for victims of domestic violence and their children.

Grace receives donor support from Kaiser Permanente, The Saperstein Family Fund, the California Endowment, and Target, Inc. along with 25 other foundations, public funding sources and corporate contributions.

Me: "Do the dishes. Take your bath."

Sonnet: "Close the door!"

Eitan: "This is where everyone gets shouty, isn't it?"

Bay Area Morning

I am behind on my weblog following a week in California. Bare with me. My photo of the Bay Area taken from Panaramic Rd in the North Berkeley Hills behind Memorial football stadium. The Golden Gate visible to the immediate left of the tree. I arrive SFO Monday afternoon and up the following morning 4AM. Rather then lay in bed and fight my demons, I pinch my dad's tri-pod and quietly let myself out the front door. This the dead-zone: the only movement a lone, empty bus (the No. 65 which used to be the No. 7 in my day) which cruises up Euclid Avenue. I pass the Cal dorms, Top Dog (a Berkeley fixture since '66), a sciences building and the business school - all locked down. I brought Sonnet to Panaramic during our early courtship and she recalls the night - like now, it was unusually warm and the view unchanged. I make my phone calls and consider the strangeness of looking at this while talking to Helsinki or London. Not possible fifteen years ago.

We have a proper family re-union dinner as Katie in Palo Alto where she signs a partnership with Stanford University. They will provide editorial training for women and minorities.

According to the San Fran Chronicle, the San Francisco Bay Area is one of the wealthiest regions in the U.S thanks to the economic power engines of San Francisco and San Jose. The Bay Area has approximately 123,621 millionaire households. Among medium-sized cities, Pleasanton has the highest household income in the country, and Livermore the third highest. 48% of the Bay's households have annual incomes >$75,000 vs. 26% for the nation. The percentage of households with incomes above $100,000 was double the nationwide percentage. Roughly one third of households had a six figure income, versus less than 16% at the nationwide level.

In June 2003, a study by Stanford University reviewing US Census Bureau statistics determined the median household income in the Bay is roughly 60% above national average. Overall the largest income bracket in the Bay Area were households making between $100,000 and $150,000 annually, who constituted roughly 18% of households. On a national level the largest income bracket were households with incomes between $30,000 and $40,000 who constituted 13% of all households nationwide. Of the 100 highest income counties by per capita income in the United States, six are in the San Francisco Bay Area (Marin, San Mateo, San Francisco, Santa Clara, Contra Costa, Alameda).

According to Forbes Magazine, published in 2005, 12 of the top 50 most expensive Zip Codes are here (Atherton, Ross, Diablo, Belvedere-Tiburon, Nicasio, Portola Valley, Los Altos-Los Altos Hills, Los Gatos-Monte Sereno, the Cow Hollow-Marina District of San Francisco, Alamo, and Burlingame-Hillsborough).Forty-seven Bay Area residents made the Forbes magazine's 400 richest Americans list, published in 2007. Thirteen live within San Francisco proper, placing it seventh among cities in the world. Among the forty-two were several well-known names such as Steve Jobs, George Lucas, and Charles Schwab. The highest-ranking resident is Larry Ellison of Oracle at No. 4. He is worth $19.5 billion. Additionally, a Forbes survey of the super wealthy concluded that the Bay Area had the highest concentration of the super wealthy relative to other locations such as New York City and Dallas. "America's Greediest Cities". (Forbes Magazine) A study by Claritas indicates that in 2004, 5% of all households within the San Francisco and San Jose metropolitan areas held $1 million in investable assets. As of 2007, there were approximately 80 public companies with annual revenues of over $1 billion a year, and 5-10 more private companies. Nearly 2/3 of these are in the Silicon Valley section of the Bay Area.

A May 2009 Fortune Magazine analysis of the US "Fortune 500" companies indicates that the combined San Jose-San Francisco-Oakland metropolitan region ranks second nationally (along with metro Chicago and Houston) with 29 companies. Additionally, when the combined total revenue of the Fortune 500 list companies is considered, the San Jose-San Francisco-Oakland region again ranks second nationally after New York with $884 billion. As of 2010, the San Jose-San Francisco-Oakland region ranks second only to New York City (and ahead of Chicago and Houston) as the number of Fortune 500 companies has increased to 31 companies. (April 2010 Fortune Magazine) (Sources: Inside Bay Area, Stanford University, US 2005 Economic Survey and the San Francisco Chronicle)

Eitan: "Do the Americans know what a 'loo' is?"