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An in-depth report by our senior reporters and team of correspondents from around the world. Every Saturday at 9.10 pm Paris time. Or you can catch it online from Friday.

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

2017-07-21 Asia-pacific

Video: Afghans live in fear as kidnappings soar

Last year, more than 300 people were kidnapped in Afghanistan. Although abductions of foreigners by the Taliban tend to make the headlines, more than 90% of the victims are in...

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2017-07-14 Asia-pacific

China dreams of superpower status on the football pitch

China has been redrawing the world's football map in recent months. Thanks to virtually unlimited funds, players and coaches from some of the best European clubs are flocking to...

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2017-07-13 Middle East

Exclusive: Storming Raqqa, IS group's cursed capital in Syria

The city of Raqqa in northern Syria has been held by the Islamic State group since early 2014. But the terror group's Syrian headquarters is on the verge of liberation. Snipers...

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2017-07-07 European Union

Poland’s love-hate relationship with the EU

Jaroslaw Kaczynski, leader of Poland’s ruling Law and Justice party, is a maverick. On civil rights, justice and the environment, Poland is increasingly breaking away from EU...

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2017-06-30 Saudi Arabia

Women in Saudi Arabia: A long road to equality

In Saudi Arabia, women are considered second-class citizens. They cannot drive or travel without the authorisation of a male guardian: a brother, father, cousin or even a son....

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