NYT: "Mr. Doerr and Mr. Moritz have turned the $11 million to $12 million they each paid in June 1999 for 10 percent states in Google into $3 billion. That translates into a payoff of roughly 250 to 1 in five years. That is good news for all the pension funds, university endowments and rich people who invested money with Kleiner Perkins and Sequoia, but it is especially good news for partners in the two firms. The firms will receive 30 percent of the value of their stakes in Google before distributing shares to their investors. Based on the current worth of Google, that amounts to $900 million for the partners working at each firm.

Of course, not all partners are equal. There are emeritus partners and junior partners and partners who receive only a salary. Six to 10 partners at each firm will split most of the profits: Mr. Doerr and Mr. Moritz are likely to receive at least $100 million each."

NYT:As many global equities markets have languished, the Tehran Stock Exchange has performed magnificently, topping world markets in the last few years and rewarding investors with 125 percent gains in the fiscal year ended March 21 and another 15 percent since.

Arnold at Bush rally in Santa Monica, CA: "'I just want you to know, President Bush, I want you to know how hard I've been working for you here in California,' Schwarzenegger said. 'I've been organizing Republicans for Bush-Cheney. I've been organizing Austrian-born bodybuilders for Bush-Cheney. I have been even organizing girlie men for Bush-Cheney.' "

Fully one-third of President Bush's tax cuts in the last three years have gone to people with the top 1 percent of income, who have earned an average of $1.2 million annually, according to a report by the nonpartisan Congressional Budget Office to be published Friday.
The report calculated that households with incomes in that top 1 percent were receiving an average tax cut of $78,460 this year, while households in the middle 20 percent of earnings - averaging about $57,000 a year - were getting an average cut of only $1,090.

FYI eBay acquires 25% stake in Craig's List.

Read the Google Playboy interview from the SEC filing here -- just do a find for Playboy.

This new Bush ad "Solemn Duty" takes political-wife-as-prop to a new level.

The ad uses classic Karen Hughes "Mom and Dad" language. And Laura is there to really bring it home.

DSBPI believes that buying into the Google IPO is now a contrarian play.