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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

2015-04-30 Syria

Syria: On the trail of looted antiquities

As the war in Syria enters its fifth year, the trafficking of looted antiquities is adding a new dimension to the tragic conflict. Many Syrian artefacts are smuggled across the...

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2015-04-24 World War I

Saving French soldiers' WWI trench carvings

In 1914, a former underground quarry in Picardy in northern France is requisitioned by the French army. For almost four years, hundreds of soldiers were stationed there. Many...

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2015-04-17 Armenia

Turkey’s hidden Armenians search for stolen identity

In 1915, during World War I, the Ottoman Empire ordered the extermination of the Armenian people. One and a half million were killed in the first genocide of the 20th century....

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2015-04-10 Burkina Faso

Burkina Faso: Generation Sankara

Six months after the ouster of Blaise Compaoré, Burkina Faso is attempting to organise its first democratic elections, set for October. Fears of a coup still loom. But from...

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2015-04-03 Islam

Inside the French Islamic Organisation

Ever since the January terror attacks in Paris, debate has focussed on how well integrated France's Muslim community is. One organisation that has come under the spotlight in...

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