Don't miss

Replay


LATEST SHOWS

THE DEBATE

'Entente cordiale', but at what cost on the road to Brexit?

Read more

MEDIAWATCH

Bye-EU Tapestry is not to all tastes

Read more

THE POLITICAL BRIEF

Maverick Mélenchon: French far-left launches its own web TV

Read more

FOCUS

Rise of sandstorms plagues Middle East

Read more

PEOPLE & PROFIT

Superjumbo travel: Discussing the future of the A380

Read more

ACCESS ASIA

Fighting unemployment: Millions of Indians face layoffs amid shrinking job market

Read more

FRENCH CONNECTIONS

Deneuve vs. #MeToo: Exploring feminism 'à la française'

Read more

ENCORE!

Meryl Streep on gender equality: 'Something has cracked wide open'

Read more

INSIDE THE AMERICAS

Trump's presidency, one year in: 365 days of outrageous tweets and blunders

Read more

REPORTERS

An in-depth report by our senior reporters and team of correspondents from around the world. Every Saturday at 9.10 pm Paris time. Or you can catch it online from Friday.

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

COMMENT(S)

Archives

2018-01-11 Americas

Video: Inside the deadly US opioid crisis

Opioids kill more people than they cure. Every day in the United States, some 140 people die from taking opioids - addictive opiate-based drugs. They’ve become the leading cause...

Read more

2017-12-20 Africa

Egypt's Coptic Christians live in fear of Islamist attacks

Egypt’s Coptic Christians have been the target of unprecedented attacks since the 2011 Arab Spring uprising. The election of the Muslim Brotherhood in 2012 saw an upsurge with...

Read more

2017-12-15 Africa

Exclusive video: South Sudan, a cursed land

For the past four years South Sudan has been torn apart by civil war – and the situation in the country is desperate. Famine rages across all conflict zones and the first victims...

Read more

2017-12-08 Libya

Video: Trapped in Libya, migrants face torture and slavery

In the past few months, the number of migrants attempting to cross the Mediterranean has shrunk drastically on the back of new migrant policies in Libya and Italy alike. Instead,...

Read more

2017-11-30 Americas

Video: Barbuda, an island paradise wiped out by Hurricane Irma

Three months ago, life on the Caribbean island of Barbuda, in the French West Indies, morphed into nothing short of a nightmare as Hurricane Irma swept in over its shores,...

Read more