| THURSDAY 9 OCTOBER 22.30 BST - BBC TWO BY KIRSTY WARK Hello to viewers global and local, COUNCILS The world is turning on its head, and the fallout is far from over. Locally - council after council are revealing that they have investments in Icelandic banks - totalling hundreds of millions of pounds - and it is not clear if the Government bail out extends to them. Globally - what will be the new financial order that will emerge from the ashes? World finance ministers are heading to Washington for the G7 and IMF meetings. Will Bretton Woods be replaced by a twenty first century version - a "Phoenix" accord? We'll be speaking to James Parnell the minister for Work and Pensions about the impact of all this on jobs, services and pensions. BANKS The government's decision to take a stake in our major banks to restore confidence and reboot interbank lending certainly has not achieved the latter yet. Why not? Will the US have to adopt the same strategy before interbank lending trades at a reasonable rate of interest and is thus restored? At the moment we are in the midst of casting a senior panel of bankers from around the globe to discuss all this. CARBON CAPTURE Carbon capture and storage is one of the mechanisms by which climate change can be kept at bay, but our Science Editor Susan Watts reveals a radical new plan designed to stop climate change. It involves sucking carbon dioxide out of the atmosphere with the help of artificial trees or algae - it's a Tomorrows World moment, don't miss it! Kirsty Missed Newsnight? Click here to watch online Newsnight Blog Add your comments to our correspondents' blogs: CLICK HERE | 
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