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Latest update : 2009-10-21

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.

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.

 

By Willy BRACCIANO , Cyril VANIER

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Archives

2014-10-17 Uruguay

Uruguay: President Mujica’s social revolution

By legalising both gay marriage and abortion, and decriminalising cannabis, Uruguay has become a real-life social laboratory in Latin America over recent years. The architect of...

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2014-10-10 Haiti

Haiti: Injustice in a time of Cholera

FRANCE 24 reports on the UN’s role in the worst cholera outbreak in modern times. We shine a light on the lack of compassion shown towards the victims of Haiti’s cholera epidemic...

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2014-09-30 Syria

Video: Syrian student risks her life to film IS group stronghold

FRANCE 24 has obtained rare footage secretly shot by a female student in the northern Syrian city of Raqqa, the stronghold of the Islamic State group in Syria.

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2014-09-26 Russia

Video: Crimea's 'Russification' in full swing

Changing nationalities isn’t always easy. Six months ago, in Crimea, people voted overwhelmingly to join Russia, in a referendum that Western powers deemed illegal. Now, the...

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2014-09-19 Algeria

From Sarajevo to Guantanamo, the journey of the Algerian Six

The day after the 9/11 attacks, six Algerian nationals were arrested in Bosnia-Herzegovina. They were accused of being terrorists and plotting fresh attacks against the United...

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