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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

2018-02-16 Africa

Video: Girls in Malawi victims of 'sexual cleansing' ritual

In the remote southern regions of Malawi, a violent tradition is practised on young women. Girls who reach puberty are forced to have sex with a "hyena", a man chosen by their...

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2018-02-09 China

Video: The victims of China’s forced disappearances

In China, the authorities go to great lengths to control civil society, even resorting to forced disappearances. Since President Xi Jinping came to power in 2013, political...

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2018-02-02 Europe

Video: Crossing the Alps with Guinean migrants on a perilous journey

Since last summer, more migrants have been trying to cross the frozen plains of the Col de l'Échelle mountain pass in the Alps in a bid to reach France from Italy. In 2016 only a...

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2018-01-26 France

Video: French Guiana battles with migrant influx, drug trafficking

In Saint-Laurent-du-Maroni, French Guiana's second-largest city, one in three residents is foreign and often there illegally. To reach this South American region of overseas...

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2018-01-19 Iraq

Exclusive: On the frontline with Shiite militias in Iraq

In December 2017, the Iraqi government announced with great fanfare the "official end of the war against the Islamic State group". The announcement marked the end of three years...

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