In tonight's programme

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	WEDNESDAY 22ND OCTOBER 22.30 BST - BBC TWO FROM PROGRAMME PRODUCER DAN KELLY Hello, Economy Today the Prime Minister followed up last night's admission from the Governor of the Bank of England. He conceded that Britain might well already be in recession. Is it possible that the emerging economies could be the key to ensuring that the downturn is not prolonged, and not worldwide? Tonight we investigate how the emerging powerhouse economies of Brazil, India and China are coping with the global downturn, and whether their fate could seal ours. Conservatives "If you sleep with dogs, you will get fleas", was Lord Tebbit's response to the claims that Shadow Chancellor George Osborne discussed the possibility of a donation from a Russian oligarch. It's not quite the image David Cameron wanted to portray. We'll ask another Lord - Lord Heseltine - whether the sight of Tories "palling around" with the super rich may damage the meritocratic modern Tory brand. US elections And we have the third in our series from the Newsnight Editors in America. Every night they have been giving their considered take on what post- Bush America might look like. Tonight our Political Editor, Michael Crick, considers whether Obama or McCain can ever really change Washington, as both of them have promised. Missed Newsnight? Click here to watch online Newsnight Blog Add your comments to our correspondents' blogs: CLICK HERE
	LAST NIGHT'S HIGHLIGHT Osborne denies Russian cash claim David Grossman on claims shadow chancellor George Osborne sought donations from a Russian billionaire while visiting his yacht. Watch the item
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