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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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2016-08-26 DR Congo

Getting away with murder in DR Congo

For more than a year and a half, a series of massacres - which have never been claimed - have been committed in the Beni region in the east of the Democratic Republic of Congo....

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2016-08-04 Afghanistan

Afghanistan's Kunduz, a city under Taliban threat

The northern Afghan city of Kunduz is being slowly rebuilt after it briefly fell to the Taliban last year, and a hospital was destroyed by US air strikes supporting Afghan ground...

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2016-07-29 2016 Olympics

Video: Olympic refugee team goes for gold

Of all the athletes competing at the Olympics in Rio, there are ten in particular who stand out. They are all refugees who have fled war, terror and violence. Fleeing DR Congo,...

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2016-07-08 history

Video: The trial of Chad's ex-dictator Habré, an inconvenient ally

In May, former Chadian president Hissène Habré, who ruled his country with an iron fist between 1982 and 1990, was sentenced to life in prison for "crimes against humanity,...

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2016-07-01 agriculture

Video: FRANCE 24 speaks to French farmers in crisis

France is the EU's largest agricultural producer, but its farmers are faced with administrative constraints, falling sales prices and debt. Many are pushed into depression and...

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