Pete Peterson, Image Expert | If Goldman Sachs wants to redeem its reputation, it would have to donate "at least $1 billion" to charity, says billionaire Pete Peterson. "'Only a donation that size would 'have much resonance in the public,' Peterson, the 83-year-old co-founder of Blackstone Group LP, the world's largest private-equity company, said in an interview in New York yesterday." Fair enough. But we're thinking Peterson might need to rename a concert hall or build a new hospital if he expects us to not immediately think of his fame-obsessed grandson every time we hear the name "Peterson." [Bloomberg]
Social Life editor 
• Sharon Stone is denying reports she was detained by the police after she getting into a fight with a flight attendant on a trip to Salt Lake City. Yes, she says, she did get into an argument, but the cops who met her when her plane landed were just there to protect her from hoardes of "autograph seekers." That makes sense! [
NYC Prep debuts this evening on Bravo and although the schools that the bratty kids attend in real life—Dwight, Nightingale-Bamford, Birch Wathen Lenox, the Ross School, and non-private Stuyvesant—aren't mentioned by name on the program, some administrators at private schools around town are now talking about banning kids from reality TV shows, reports a young Times reporter who knows of what he writes, A.G. Sulzberger. 
Is being rich in NYC the same as being rich in SoCal? And is there a way for a New Yorker to answer this question with a "hell no," without automatically making him sound like he doth protest too much? Based on the evidence in the Wall Street Journal's Speakeasy 
Plenty of reality programs promise to show us how the rich and powerful live their lives. Very few actually end up doing that, of course. The women featured on the Real Housewives of NYC weren't part of the city's social elite before they humiliated themselves on national television—nor were they all housewives either—so they had little to lose in the end. That will change, though, when Bravo's NYC Prep, or the "real-life Gossip Girl," as Bravo has been billing it, debuts on June 23. One of the obnoxious, over-privileged teens featured on the show—the one who comes off in the worst possible light, in fact—hails from one of the city's richest and most respected families. Meet Peter Carey ("PC") Peterson, the grandson of 
Watching your favorite shows on TV is a vital part of life, although it does cut into precious shopping time, right? Bravo to the rescue: Going one step further from lucrative sponsorship tie-ins like Tresemmé for Project Runway, the network will soon be promoting and selling its own specially-manufactured products on its highest-rated shows. So fear not: When you spot the Kooba bags worn by the girls in NYC Prep, the forthcoming reality show about rich Manhattan teens, you'll be instantly prompted to go to Bravo's website and order one for $595; same goes for wine, flowers, and knives featured on Top Chef, the winning outfit on Runway-ripoff The Fashion Show, and so forth. 
