Friday, 10th October, 2008
Here's Emily Maitlis and John Wilson with more details of tonight's Newsnight and Newsnight Review:
'The singular feature of the great crash of '29 was that the worst continued to worsen.'
Yes, we know things look pretty awful today, but tonight - as we bring you the day's events on NEWSNIGHT - we're going BIG with the Newsnight Editors' take on the global economic crisis. This evening we're asking how much has fundamentally been changed in our lives by everything that's happened over the past weeks.
Our Economics Editor will be analysing whether we're on the brink of a system-wide meltdown of the world economy. And, for once, the answer could actually be yes.
Our Political Editor will be analysing why the words - and indeed many of the policies - of the political class now seem remote and out of date.
And our Diplomatic Editor will be looking at the geo-political aftershocks that are likely to arise as a result of what we're seeing this autumn. His defence contacts now tell him 'all options are on the table'.
The Black Swan
Here in the studio I'll be talking to Nassim Nicholas Taleb, author of The Black Swan. He made money in the 1987 stock market crash, and eventually walked away from Wall Street and hedge funds and turned into an aggressively no-nonsense philosopher. The predictions he makes in his 2006 book are actually coming true right now. And his theory? Throw away the market models. The really big stuff - whether it's war, weather, terrorism or economic crisis - is impossible to predict. I'll let him explain it better. His world view is pretty extraordinary. As one critic wrote of him:
"Had Nassim Taleb been born in any other period, he would have certainly been put to death."
He'll be joined by Harvard economist, Kenneth Rogoff, and global economic expert, Linda Yueh.
We'll have all the latest on the day's developments too, but tonight the programme hopes to ask whether things will ever, truly, get back to normal.
I do hope you join us. You may need a glass in your hand.
Germaine Greer, John Harris and Paul Morley joined me for a team outing to Chelsea yesterday. King's Road used to be the stomping ground of beatniks and punk rockers, but these days the pavements are filled with WAGs and shoppers in search of the latest to-die-for names. And the hottest brand on the block? Saatchi! The ad-man turned art-collector, Charles Saatchi, has spent millions converting a former Georgian army barracks into his new gallery. After flogging off most of his collection of Brit Art - including Damien Hirst's shark - he's been buying abroad and young Chinese artists (YCAs, anyone?) are the latest to benefit from his patronage. But are they any good?
NO MAN'S LAND
We've also been to the theatre to see David Walliams swap Little Britain for Harold Pinter's No Man's Land. Walliams plays Foster, a besuited minder to Michael Gambon's booze-soaked writer Hirst. David Bradley is Spooner, who - invited for a drink or ten at Hirst's large house - engages in a game of wits with his host. Bleak, menacing and very, very funny, No Man's Land is classic Pinter. The writer himself applauded the performance on opening night - will the Review team share his enthusiasm?
Gomorrah is a new Italian-language film about the Neapolitan mafia, which controls everything from toxic waste dumping to haute couture tailoring in the Campania region. It's a dense film, shot like a documentary, but has already scooped a prize at Cannes and is nominated as Italy's entry for the foreign language Oscar.
Oasis are back with their seventh studio album, Dig Out Your Soul. Noel Gallagher has promised a more experimental record, one less reliant on the old verse-chorus-bridge formula. But has he finally shaken off his Beatles obsession? Of course not!
We've got John, Paul, Germaine and Ringo on the show (ok, not Ringo) - find out if they're mad for it, as Liam Gallagher would say.
Join us at 11,