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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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2017-11-09 Europe

Full circle: The second life of old clothes abroad

Our reporters investigated what happens to old clothes thrown out by Westerners. For several months, our team followed the trail of recycled clothes - from initial collection...

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2017-11-03 Asia-pacific

Exclusive report: Burma in denial over Rohingya crisis

Burma’s northern Rakhine state is on lockdown. In recent weeks, violence has forced hundreds of thousands of minority Muslim Rohingyas to flee to Bangladesh. FRANCE 24’s regional...

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2017-10-27 Middle East

Video: The story of a deadly air strike in Iraq’s Mosul

For more than three years, the US-led coalition has been using air strikes to help Iraqi troops retake territory from Islamic State group jihadists. But some are now tallying the...

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2017-10-20 Asia-pacific

The Dictator's Games: A rare look inside Turkmenistan

As Turkmenistan hosted the Asian Games in the capital Ashgabat, our reporter managed to obtain a visa to cover the event. He brings us a rare look inside one of the world’s most...

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2017-10-13 Europe

Video: Ghosts of 1917 revolution still haunt Russians

What remains of the 1917 October Revolution in Russia? FRANCE 24 brings you a special documentary on how Russians are living with this cumbersome legacy, as the Kremlin keeps a...

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