Saturday, March 7

Diamond Rolex

Rolex DateJust
Surfing I come across this diamond circled Rolex, pictured, on sale for $33,700, used.  I once owned the same watch, given to me by my Grandfather, George Manning, as a gift following a summer visit when I discovered the watch and other treasures in the bedroom suite of his home in Columbus, Ohio (me, age nine). 

George's watch, my Grandmother once told me, acquired in Las Vegas when, in the late hours and in an alleyway off the Strip (the alleyway may be my invention), George was approached to buy the Rolex for $500. Following a negotiation, the watch changed hands at $100.  My Grandmother new it was "hot" or a fake, but my Grandfather couldn't resist.

Well, the watch was a fake, otherwise it would have never been gifted to me. I lost it in the fifth grade on the Longfellow Elementary playground playing kickball. It amuses me to consider somebody found it, there on the cement, and for a moment, thought: "Holy Mackerel! I'm rich!"

Friday, March 6

Outbound

5c
Eitan and I head for Heathrow and a flight to Germany so the boy can participate in the Olympic Development Program training camp. After telling Eitan we have plenty of time and I do these trips every week, we arrive at T5 without my wallet (Fuck!) which necessitates a return home followed by a missed flight (Eitan: "That was kind of stressful.").

We arrive in Frankfurt too late to drive to Bitburg and stay at a airport hotel.  It's 11PM and the hotel parking lot empty so I take a place marked, in German, for some company. I ignore it. Next morning 7AM (still no cars) a woman knocks on the car window as I am pulling out to inform me that I am not allowed to park there. And so, with the sweetest tone I can muster, I tell her that there are so many spaces the only polite thing to do is share and share alike.

Same thing happens again when I leave the car in front of the hotel to load bags with the permission of the front desk only now its the bus driver though I am not blocking his path. Is it me or the Germans ? I certainly couldn't be the problem. Eitan, of course, mortified.

British Passports

American Embassy in London
Here we are, looking like your typical American ex pat family, on our way to renew the kids' passports (Klara takes the photograph). Sonnet, like a territorial bobcat, has her back up as we spy other (perfectly presented) American mums and their (well behaved) children also getting their renewals.  Sonnet notes that she was unable to get an appointment at the Embassy during the recent half-term break when the children out of school and therefore more convenient: She waited 24 hours after the booking window opened six months ago and they were all taken. Somehow it is a victory that the other families here, today, also failed to secure a half-term slot.

American Embassy

24 Grosvenor Square
The American embassy moved to Grosvenor Square (from Great Cumberland Place, Piccadilly, Portland Place and the Grosvenor Gardens) in 1938. During this time, because of the storm clouds over Europe, Grosvenor Square began to accommodate a number of U.S. government offices including General Eisenhower's HQ and the European headquarters of the US Navy. 

The building, pictured, was constructed in the late 50s, opening in 1960,  designed by Finnish American modernist Eero Saarinen. The building is nine storeys, three of which are below ground. A large gilded aluminum blad eagle by Theodore Roszak, with a wingspan of over 35 feet is on the roof.

In October 2009, the building was granted Grade II listed status, which is gonna make it difficult when the developers try to convert the land to a 5* hotel.

In 2008, the Americans announced they will move the Embassy to 9 Elms in Wandsworth (South of the river !) in a secure compound.

When Sonnet and I first arrived in London, we walked right up the steps into the building. Now there are several layers of security and access for a pre arranged appointment takes 30 minutes (at least).

Wednesday, March 4

War On Drugs

Sonnet and I meet in Brixton to see mind blowing band War On Drugs, introduced to me by Christian. The band formed in Philadelphia in 2005.

Lost In Dreams, their third album and my favourite, written and recorded following extensive touring and a period of loneliness and depression for primary songwriter Granduciel, was released in 2014 to critical acclaim and increased exposure. 

The crowd young with some middle-age long hairs who round out the crowd. It's a Monday night and a good vibes mood all around.

Brixton has moved from a blighted neighbourhood (the Eurostar once cut through the village on brick arches) with riots in the 60s to now, a vibrant gentrifying urban community with a mixture of peoples, restaurants and shops. The The high street offers hair salons for black people and halal butchers for the Muslims. In between the yuppies revel in the grittiness of it all. Moving things along, the Underground station, where I meet Sonnet, went through a modern rebuild ten years ago and people spill forward into the night. 

The ten most expensive cities in the world, according to the Economist Intelligence Unit:
1. Singapore
2. Paris
3. Oslo
4. Zurich
5. Sydney
6. Melbourne
7. Geneva
8. Copenhagen
9. Hong Kong
10. Seoul

Nutford Place


Global HQ
Hard to believe it was 15 years ago that I founded eZoka during Web 1.0. In tech years, a lifetime. Our offices on the Edgeware Road, convenient to W9 where Sonnet and I enjoyed our first apartment. I caught the No. 6 bus (red, double-decker) for the 15 minute commute to work. 

When eZoka moved in, Nutford Place was in need of a renovation and we were one of the fresh new companies they were looking to attract (I netted us a substantial rent reduction by introducing other start-ups). Our floor had a prayer room and my first day I interrupted a guy washing his feet in the bathroom sink. Awkward. Halal Fried Chicken across the street and The Beirut Express restaurant next door.

By the end, we took over the top floor with our venture cash and created a substantial open space for working and goofing though no ping pong table nor been bags. It was a serious outfit with an engineering center in Swindon where our CTO located. We had good people, accepting one, with considerable momentum until it ran out. A grand adventure regardless.

Sunday, March 1

The Sleep Of Reason Produces Monsters

Plate 43 of the 'Caprichos' prints, 1797-98.
Originally intended as an introductory self-portrait to a series of 'suenos' ('dreams'), this iconic print was published as part of the celebrated satirical 'Caprichos.' The central figure, surrounded by the swarming owls and bats, accurately symbolises an overarching theme of the 'Caprichos': the rise of monstrous forces when reason is absent. As such, it is emblematic of much of the content of the "Witches and Old Women" album. 
--British Museum, London

"Weird and creepy but I liked it."
--Eitan

Goya

Despite the weekend inertia, I convince (coerce ?) Eitan to join me at the Courtauld Gallery to see Goya: The Witches and Old Women Album . And it is wonderful.

Goya produced some 600 drawings which ended up in eight “albums.” After his death, the albums were disbound and their sheets dispersed. Some have ended up in public collections, others in private collections, and a few have disappeared altogether.

The exhibition assembles all 23 drawings from “Witches and Old Women” (bar one, which is lost) and runs them in their original sequence around the gallery walls. It’s the first time that a full Goya album has been exhibited. Even Eitan entranced.

It's disturbing as hell, to. Goya produced the drawings during a period of convalescence shortly following a near-death illness. Take 'Wicked Woman' depicting an ancient hag about to devour a baby child. In Madness, an old fool appears behind the bars of a prison-like enclosure, pleading at us, seemingly for his freedom. Stuff of nightmares.

Park Run

Madeleine and I compete the weekly Park Run  in Richmond Park so Madeleine can qualify for the London mini-marathon run in April. She is not particularly keen on cross country or longer races preferring, instead, the certainty of the track. She's a 800 runner which, in my opinion, is the most painful distance. Soon the outdoor season starts.

Madeleine bolts leaving me and the dog in her trail (Rusty goes berserk trying to catch her dragging me along. He's like a muscle with claws). I finish in 23:12.

Sonnet at Somerset House to give a talk on Alexander McQueen to a sold out ("packed") audience.

Super Return

Steve Schwarzman made $690m last year
I am in Berlin last week for the Super Return conference, the largest private equity conference in the world which brings together the rich and the very rich. The mood this year is vibrant and upbeat despite Russia and Greece and all the other various crisis that plague our news. How can one be downbeat when interest rates at nought percent and money is free? The deals are flowing. 

Another sign that the industry returning to worrisome levels is fund raising: in 2014, firms raised something like $550bn compared to $640bn in 2007, the peak. Not too far off. Unsurprisingly, acquisitions multiples, relative to EBITDA or free cashflow, now exceed 11X. Once an 8X deal thought high. 

Here is something to ponder: The richest people on Earth got richer in 2014, adding $92 billion to their collective fortune. The net worth of the world’s top 400 billionaires on Monday stood at $4.1 trillion, according to the Bloomberg Billionaires Index, a daily ranking.

As for Steve Schwarzman, he founded Blackstone, one of the most powerful investment firms in the world.  His net worth is $11bn (photo from the web).

Sunday, February 22

Ultra Races, The Lions And Madeleine's Reaction

Eitan pulls it down
I've been doing a spot of running and slowly up to 25 miles or so a week. This morning I connect with Alex for a seven mile loop of Richmond Park. Alex ran the Marathon des Sables in 2013 finishing 9th overall (des Sables is a six-day, 156 mile ultramarathon in the Sahara desert. It is considered the toughest footrace on Earth). We are joined by four other ultra- runners including Zoe who was third in des Sables last year. To join us, Zoe runs 13.5 miles and, I assume, she will run 13.5 miles afterwards to get home. I suppose if you love running, four hours of it is pure pleasure.

The next ultra race these guys will do is the Peak District 100. It ain't level.

The Sheen Lions host The Barnes Eagles on a muddy pitch on a freezing morning and lose 2-1 against a team in the bottom of the league table.  On the bright side, I am writing this from inside.

Me: "Your mother has something to tell you."
Madeleine: "Mom?"
Sonnet: "You go the part in the play!"
Madeleine: "Oh my God! Are you kidding?!"
Sonnet: "No honey."
Madeleine: "I am so happy."
Me: "Congratulations kid. You earned it."
Madeleine: "I can't believe it."

I Am

13 candles
We celebrate belatedly Madeleine's 13th birthday; Eitan bakes a vanilla cake and we watch 'Moonstruck'.  

Both kids meant to run the English National Cross Country Championships, which they have qualified for and representing the Hercules Wimbledon, but neither make it to the start-line: Eitan recovering from his chest cold and Madeleine for lack of racing shoes, which have gone missing.

Instead, Madeleine auditions for the play "I Am" at the Battersea Arts Center. 16 selected out of 40 and our gal makes the grade despite being the youngest by four years. She - and we - could not be more proud. There will be four performances at the end of March.

Wednesday, February 18

On Spider Man

Madeleine: "How much do you think the first Spider Man is worth?"
Me: "'The Amazing Spider Man' or 'Peter Parker the Spectacular Spider Man?'" [Dad's note: my Spider Man collection includes 'Peter Parker the Spectacular Spider Man' in vintage condition from 1-50. I also own 'The Amazing Spider Man' from around #100]
Madeleine: "'Peter Parker.'"
Me: "I don't know. Maybe 75 dollars. .."
Madeleine: "What!? Is that all ?"
Me: "That's a lot considering I paid 25 cents for it."
Madeleine: "I thought it would be worth more."
Me: "How many times is it worth now to when I first bought it?"
Madeleine: "Oh, no, not that !"
Me: "A figure, please."
Madeleine: "Uh, 300?"
Me: "Wow, you're right. That was one hell of a guess. What are the odds on that?"
Madeleine: "Is it right?"
Me: "How did you get 300?"
Madeleine: "It was easy. 25 goes into 75 three times and, um,  I added two zeros to go from 25 cents to dollars."
Me:
Eitan: "What's so funny Dad?"
Madeleine: "It's still right isn't it ?"

We watch a TV add for L'Oreal's "Punky" mascara. Me: "Do you wear it? You're the target audience."
Madeleine: "No. And I'm not the target audience because I don't wear mascara."
Me: "All these ads do is sell junk."
Madeleine: "Wouldn't it be cool if you didn't have to pay for it? What if you could trade for other stuff?"
Me: "That's a great idea. You could call it junk-for-junk dot com."
Madeleine: "I would use it."
Me: "So would I."

Half Term Break

Madeleine and Willoughby
The kids on half term break and Eitan watches four hours of television which really means six. Or 7. In fairness the poor kid is recovering from a cold and he (and Madeleine) have been working hard in school, sports and extracurriculars.  Each have a running schedule to keep them sharp and, yes, there is some homework. Eitan is re reading 'Lonesome Dove' but it has been slow going: after several weeks he's on page 76 of 945. Still, it is not Harry Potter (Thanks God).

Willoughby over for the afternoon. When not hanging out, he designs graphics for different merchandise sold on redbubble.com (he and Madeleine lie on the floor reviewing traffic statistics and listening to music).

We pile into the car to buy another turtle (pre named Alfonzo Smith). Madeleine: "At Sheen Mount we used to get house points for good behaviour."
Willoughby: "At my school, we got to be a Mexican for the day."
Me: "Oh?"
Willoughby: "We were studying the Mexicans or something. We also had a Mexican Of The Year but they just decided to give it to everybody."
Me:
Willoughby: "By being good, you got Mexican points. If you got enough points you got a prize."
Me: "Like a taco?"
Willoughby: "Like your picture with a golden Mexican moustache."
Me: "So did you learn anything about the Mexicans?"
Willoughby: "Um, no. But we got to dress up like them."
Me:
Willoughby: "I guess that's kind of racist. Stereotyping them like that."
Me: "So you did learn something."

St Louis Re Union

David and Moe
David is Moe's sister Joy's oldest child, ie, my cousin.  Both are from St Louis. I saw David last summer in London.

David's special interests include esophageal diseases, colon cancer screening and outcomes in endoscopy (his website bio says). He has has been a member of the OHSU faculty since 1982, and Chief of the GI Division since 1998.

David's research into colon cancer (VA Cooperative Study on Colon Cancer Screening, 1993 to 2002) changed the way colon cancer screened in the US. His work has saved tens of thousands of lives. Famously he gave Katie Couric a colonoscopy live, on air, during the Today Show (Couric's husband died from colon cancer).

David is also a walker and whenever together we try to organise a hike of some sort. Some years ago we marched across London covering the West End to East London. My earliest memories of David from visits to St Louis when I was maybe 4 or five.

Abstract from David's research:

Background Aims: The relative efficacy and effectiveness of different colon screening programs has not been assessed. The purpose of this analysis was to provide a model for comparing several colon screening programs and to determine the key variables that impact program effectiveness. 
Methods:  Five screening programs were compared: annual fecal occult blood test (FOBT) alone, flexible sigmoidoscopy, flexible sigmoidoscopy and FOBT combined, one-time colonoscopy, and air-contrast barium enema. Key variables were adjusted for sensitivity analyses. Cost-effectiveness was defined as the cost per cancer death prevented. 
Results : FOBT alone prevents fewer cancer deaths than the other programs. The addition of flexible sigmoidoscopy to the FOBT increases the rate of cancer prevention. One-time colonoscopy has the greatest impact on colorectal cancer mortality, largely because of assumptions that cancer would be prevented in most patients who undergo polypectomy. FOBT alone is the most cost-effective of the programs, but the cost is sensitive to several key variables.
Conclusions: The model shows key variables that impact the cost-effectiveness of colon screening programs. Compliance is an important determinant of effectiveness of all of the screening programs. Future study should be focused on methods of patient education that improve patient compliance with screening.

Portland

 Shoes
Photos from Sonnet and Madeleine's trip to Portland are coming in - these are from my cousin David, where our gals stay during their visit.  They are visited by Moe, Sloan and Mary and other local and far away friends who lend their love and support of Sonnet.

From Oregon, Madeleine and Moe head for the Bay Area to join Gracie, Maggie and the cat Sweetie Pie in Berkeley while Sonnet in Los Angeles meeting with museum directors.

Sonnet, I am told by someone not Sonnet, forgets her opening-evening gown and has an afternoon find a loaner from a friend.

Her exhibition goes off with a bang! as the opening dinner draws Portland's Good and The Great. Over 400  guests- "as big as London", she notes.

The following day Sonnet presents to 500 people on the  exhibition's opening day, giving "the back story on Italian fashion" Madeleine now says. "It went amazing. And people were lining up to get her autograph."
Grandfather, granddaughter 

Tuesday, February 17

Oasis Or Mirage

What would Bond say?
I return to the land of the weird and the strange. A gold Porsche Carrera greets me at the Abu Dhabi airport along with a third-world scrum.  It is a most inglorious welcome to the wealthiest city in the world (2007), according to Fortune Magazine.

Once outside, the temps are a pleasant 80 degrees in the late evening. In several months, during the daytime, the thermometer will climb above 130 degrees. I think of this as I jog, the only pedestrian for miles. It takes me two hours to stop sweating afterwards and the dude at the gym looks at me as though I have taken a shower in my suit. In fairness, it looks like I have taken a shower in my suit.

Abu Dhabi is under construction, fueling its economy, as buildings compete to reach the highest mark (the Khalif's benevolent terrifying face looks down upon us from twenty painted stories on many building sides). None can compete with Dubai's Burj Khalifa yet my hotel room, on the 37th floor, looks up a further 33 stories.

Next to the four magnificent Etihad towers, where I am staying, is the ugliest building I have ever seen : gold plated, ten story exterior atrium on the middle floors, a Battlestar Galactica design. 60 floors of pure shiet. Towers, it seems, are in such high demand that anyone can build one. I can't imagine that Abu Dhabi's real estate is anywhere near half filled.

Friday, February 13

Tycho

Self portrait XXXXI
Friday. And here we go.

The boy and I are down with the bug. Eitan misses his second day of school and comatose under his duvet where he has been all day and I find him this evening. Whimpering. Me, I power through meetings. Now we watch repeats of Modern Family and Big Bang Theory.

The good news: no plans for the weekend and the kids officially on half term break (do they go to school more than vacation?) and Sonnet returns Sunday afternoon. God bless.

Me: "Eitan how's your state of mind?"
Eitan: "Huh?"
Me: "Your state of mind. For the blog."
Eitan: "Spacey."

Thursday, February 12

Mindfulness

Noontime, Piccadilly Circus
It' is cold and grey in London. Yep, February. And March. And April . . . The British cheer themselves up with red buses, red poste boxes and red phone booths. I like this about Britain.

I spend the afternoon at Oxford with Willem who, as we know, runs The Oxford Mindfulness Center "that works with partners around the world to prevent depression and enhance human potential through the therapeutic use of mindfulness."  Think meditation meets mind control.

Mindfulness is getting a lot of attention these days too.  The UK, for instance, wrote 47m prescriptions for anti-depressant drugs in 2011 - as popular as M&Ms.  OMC research shows that mindfulness reduces the recurrence rate of of depression by 50% over 12 months in patients with three or more previous episodes of depressions. In other words, mindfulness is as effective as the drugs without the side effects. 

It is all very Northern Californian ish.

Monday, February 9

On The UK Deficit


The IMF thinks that the UK will have the largest budget deficit, excluding the effects of the economic cycle, in Europe in 2015 putting Britain's finances in worse shape, in this regard, than Portugal, Italy, Ireland, Greece or Spain. Among the major developed nations only Japan is running a bigger deficit than the UK.

So far, the public sector deficit has not deterred investors from buying UK govt bonds, which have soared to record levels, buoyed by low inflation and a perception that the UK is a safe haven underpinned by an aggressive deficit reduction programme. Since the financial crisis, the UK has effected the seventh-largest fiscal consolidation among 31 advanced economies tracked by the IMF. 

The success of the reduction programme has, however, been blunted by a lopsided economic recovery with falling wages and lower-than expected tax revenues.

The remaining consolidation will therefore likely come in the next parliament via spending cuts. The IFS estimates that public spending, as a share of national income, may fall to its lowest level since 1948 resulting in 900,000 public-sector job losses reducing the government workforce to its lowest point since 1971 (Deloittes).

Enter the May elections: to reach its targets, Conservatives would cut spending by 6.7% from 2015 to 2019; Labour could hit its less demanding goals by cutting 1.4%. According to the Financial Times, this implies that, by 2019-20, Labour will spend £27 billion a year more than the Conservatives.

Get out the vote.