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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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2016-04-28 USA

The vicious cycle of student debt in the US

Student debt in the United States now stands at over a trillion dollars. And it’s going up, to the tune of 2,700 dollars per second. FRANCE 24 reporters Philip Crowther and...

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2016-04-22 Syria

Exclusive: Interethnic coalition takes on the IS group in Syria

FRANCE 24 brings you a rare documentary filmed inside Syria. Our reporters gained exclusive access to the Syrian Democratic Forces, a coalition of Kurdish and Arab militias, as...

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2016-04-14 Turkey

The forgotten shipwrecked migrants of the Aegean Sea

The Aegean Sea, between Turkey and Greece, is a transit point for refugees fleeing the war in Syria or the Taliban in Afghanistan and trying to reach Europe. But their makeshift...

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2016-04-07 Corsica

Corsican nationalism: The test of power

Last December, Corsican nationalists won a historic and unexpected victory in France’s regional elections. After decades of violence, they now have two years to prove themselves...

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2016-04-01 mafia

Video: Vast mafia network on trial in Rome

In November 2015, the trial of a vast mafia network opened in Rome, with 46 people in the dock. They stand accused of extortion, corruption and misappropriation of public funds....

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