Latest update: 21/10/2009 

- financial crisis - New York - unemployment - US economy - USA


New York's slow recovery

New Yorkers are used to working hard. But with unemployment nearly doubling over the last year, many find they’re working harder than ever to keep their job, or just to find one.

By Cyril VANIER / Willy BRACCIANO

A year ago, Lehman Brothers -one of the world’s biggest investment banks- collapsed, accelerating a severe financial crisis. Markets worldwide experienced one of their worst years in decades. Banks stopped lending to each other, slowing down the financial system.

But that’s only half the story: the financial crisis turned into an economic disaster, impacting the lives of millions.

We went to New York, the Ground Zero of finance, where the crisis began, to find out how ordinary people are doing. What we found is a city struggling to recover. It doesn’t show when you’re standing in the middle of Manhattan, but scratch the shiny surface and you’ll see the effects of a weak economy. Lionel, the cab driver in search of customers; Ravinda, the labourer eager for more hours on the factory floor; Amy, the unemployed financial expert forced to create her own job: these are the faces of New York’s economy.

 

In the footsteps of the 'Ndrangheta, the most powerful branch of Italian mafia
17/05/2013 - REPORTERS

In the footsteps of the 'Ndrangheta, the most powerful branch of Italian mafia

In recent years, the 'Ndrangheta has become the largest and most feared of the four criminal organizations in Italy, alongside the Camorra in the Naples area, Cosa Nostra in Sicily and Sacra Corona Unita in Apulia. Specializing in drug trafficking, the 'Ndrangheta has globalized in recent years. Our reporter investigates in Calabria, the organization's heartland.
Middle East: Munib al-Masri, the godfather of Nablus
10/05/2013 - REPORTERS

Middle East: Munib al-Masri, the godfather of Nablus

In the West Bank, everyone calls him "The Godfather". Munib al-Masri, 80, is not only the richest Palestinian in the Palestinian Territories; he is also one of the most influential. In his final years, he is obsessed by two goals: reconciling the Palestinians, and making peace with Israel. Our reporters met him and followed him on the road in the Middle East.
Pakistan: Imran Khan, from the cricket field to politics
03/05/2013 - REPORTERS

Pakistan: Imran Khan, from the cricket field to politics

When Pakistanis go to the polls to choose a new prime minister on May 11th, one candidate could seriously shake up the race. Cricketer-turned-politician Imran Khan, who led the country to victory in its favourite sport, now wants to lead the country. Our reporters followed him on the campaign trail.
Syria: Aleppo’s tales of war
26/04/2013 - REPORTERS

Syria: Aleppo’s tales of war

Two years into the revolution, Aleppo’s resistance shows no sign of letting up. France 24 brings you a portrait of the rebels who refuse to abandon their city to Bashar al-Assad. Their struggle seems desperate, but they are nonetheless resolute and determined, as our reporter Stephan Villeneuve found out.
Mali:  Who controls Kidal?
19/04/2013 - REPORTERS

Mali: Who controls Kidal?

In Kidal, northern Mali, danger is never far away. Neither the Malian government nor its army is anywhere to be seen – neither is welcome here. Tuareg rebels are determined to keep control of the region, which they call Azawad. For now, Franco-Chadian forces maintain an uneasy peace. But the planned withdrawal of French troops could leave the Chadians sitting on a powder keg.

React to the article
Comment this article typing your message in the above text zone. Please note that this is limited to 1500 characters or less.
(0) Reactions
Read more
Close