Newsnight 7th November 2008
Here is Gavin Esler with details of tonight's programme.
Quote for the Day
"As you can probably guess, I'm not so much a lame duck now as a dead duck" -
Robert Tuttle, US Ambassador to London.
Obama.....It's the economy....
In fact some of us are hoping the new ambassador might be Oprah Winfrey, though I doubt if we will hear any news on that key appointment for a while. What we are expecting is Barack Obama's first news conference since being elected President and it is the economy that is expected to dominate. There was more evidence today that the US is in recession. The unemployment rate has reached a 14 year high and the car giant, General Motors, has said it may run out of cash next year. We're hoping to speak to a key member of Obama's transition team.
The banks have finally agreed to pass on yesterday's rate cut, so have they given into government pressure, or are they just responding to a welcome fall in the Libor rate?
Labour held on to their seat in Glenrothes dealing a big blow to the hopes of the Scottish National Party. Does this mean Gordon Brown is bouncing back? And do the circumstances of Scotland - where the threat to Labour is the SNP - replicate themselves in the rest of the country, where the main threat of course is the Conservatives?
Georgia vs Russia
After Tim Whewell's exclusive report from South Ossetia, Tim now has an extraordinary follow up. One of the former OSCE staff in Tbilisi says that Georgia did launch an indiscriminate attack on the town of Tskhinvali, and claims that he tried to warn his organisation that Georgia was building up forces in the area. So why was he apparently ignored? I'll interview the Chairman in Office of the OSCE.
And finally my thanks to Newsnight viewer Sean Naylor for the following Joke Fit For a Recession.
Q: What is the definition of optimism?
A: A banker ironing five shirts on a Monday morning?
Newsnight - with plenty of freshly ironed shirts - is at 10.30pm on BBC 2