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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…

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