• Stephen Schwarzman, Lloyd Blankfein, and David Rubenstein got down with Bush, Condi, and friends (including Martin Scorsese?!) at this year's Kennedy Center Honors. [NYP]
• Barron Hilton decided to donate almost his entire $2.3 billion fortune to the family foundation, including the proceeds from the recent sale of Hilton Hotels and Harrah's casinos. Does this mean we'll have to stop calling Paris an heiress? [NYT]
• If private equity is the smart money on Wall Street, then why have Blackstone's shareholders lost so big? The Times gives the easy answer: "What Wall Street is about is smart guys thinking about ways to make money from dumb ones." Good work, Steve Schwarzman! [NYT]
Security guards from Stereo thwarted a mugging of Paris Hilton's brother, Barron Hilton. (And Barbara Walters will get Paris's first post-prison interview.) Biographies of Dina Lohan state that she was a Rockette and Broadway actress, but she is neither. Porn star Savanna Samson backs Giuliani for president. Anna Quindlen is auctioning off naming rights to a character in her upcoming novel. Former Cosby Show star Phylicia Rashad often does not show up to parties she's expected at. Bruce Willis was angry that Ashton Kutcher and Demi Moore were dating until Will Smith gave him a talking-to. Bebe Neuwirth went to a chiropractor.