FINANCIAL TIMES CHIEF DECLARES ‘NEW WORLD ORDER’ AS POWER SHIFTS TO CHINA AT G20 MEETING

DURING TONIGHT’S LIVE BROADCAST OF CNBC WORLD’S ‘SQUAWK BOX EUROPE,’ FINANCIAL TIMES EDITOR LIONEL BARBER DECLARED THAT WE ARE NOW LIVING IN A ‘NEW WORLD ORDER’ WHERE THE ‘GROUP OF 20′ (G20) COUNTRIES WILL BE MAINLY FOCUSED ON WHAT CHINA WILL DO, INSTEAD OF THE UNITED STATES, IN SOLVING THIS FINANCIAL CRISIS. HE OFFERED THE IDEA THAT THE G20 OUGHT TO BE REFERRED TO AS THE G2 WITH THE U.S. AND CHINA BEING THE TWO HEGEMONIC POWERS…

FT Editor Lionel Barber interviews China’s Premier Hu Jintao

TEN-THOUSANDS PROTEST IN START OF ‘SUMMER OF RAGE…”

OBAMA MEETS BROWN FOR TALKS (VIDEO)…

OBAMA PREACHES GLOBAL ‘UNITY’ IN INTERVIEW WITH FT…

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HUNDREDS OF PROTESTERS THROWN OUT OF IOWA PUBLIC HEARING (Audio)

“This is the most atrocious thing I’ve seen in the history of the 15 years I’ve been a lobbyist. Pat Murphy has acted like a jack-booted Nazi,” said Ed Failor Jr., president of Iowans for Tax Relief, a conservative taxpayers’ rights group from Muscatine with 50,000 members…

AUDIO…

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REPORT: BONUSES TO CONGRESSIONAL AIDES JUMPED 17% IN 2008

PAPER: While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash — also courtesy of taxpayers.

Capitol Hill bonuses in 2008 were among the highest in years, according to LegiStorm, an organization that tracks payroll data. The average House aide earned 17% more in the fourth quarter of the year, when the bonuses were paid, than in previous quarters, according to the data. That was the highest jump in the eight years LegiStorm has compiled payroll information…

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