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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 Cyril VANIER , Willy BRACCIANO

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Archives

2018-06-15 Africa

Video: Fishing far from home, from Senegal to Brittany

In the western French region of Brittany, Senegalese fishermen board trawlers in the early morning to catch fish for the local markets of Guilvinec and Lorient. They have come to...

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2018-06-08 Europe

Video: Meeting Russia’s World Cup volunteers

More than 35,000 people will work without pay for FIFA during the 2018 World Cup in Russia. These volunteers will welcome guests in the 11 host cities, help translate, handle...

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2018-05-25 Florence GAILLARD

'We heard there might be a civil war': May 68 seen from abroad

In France, May 1968 has become a symbol of young people and workers in revolt. But how were the events viewed outside the country? FRANCE 24 looks back at the international...

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2018-05-18 Middle East

Beyond the conflict: Reporter's notebook in modern-day Israel

Israel regularly makes headlines, but there is more to the country than the conflict with the Palestinians. FRANCE 24 reports from a young but highly developed nation, a holy...

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2018-05-11 Middle East

Video: Stateless in Palestine

What does life in the West Bank look like under Israeli occupation? Our reporters travelled to Area C, to meet the women and men who live on lands coveted by Israeli settlers....

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