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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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2017-06-23 Culture

The birth of a film industry: Hollywood and World War I

As we mark the centenary of the United States entering World War I, FRANCE 24 brings you a documentary on the birth of Hollywood. Our journalist Florence Gaillard sheds new light...

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2013-04-26 Bashar al-Assad

Syria: Aleppo’s tales of war

Two years into the revolution, Aleppo’s resistance shows no sign of letting up. France 24 brings you a portrait of the rebels who refuse to abandon their city to Bashar al-Assad....

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2017-06-16 Europe

Modern-day slaves: Europe's fruit pickers

Every year in southern Europe, five million tonnes of fruit and vegetables are harvested for supermarket shelves. But those supermarkets are seeking ever lower prices, and are...

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2017-06-08 Asia-pacific

Video: Millions of single Chinese men desperately seeking a wife

In China, the one-child policy has wreaked havoc. By encouraging the birth of boys rather than girls, an imbalance of the sexes has emerged. China now counts far more men than...

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2017-06-01 Americas

Exclusive: The war for Brazil’s superhighway of drugs

Manaus, the capital of Brazil’s northern Amazonas state, has increasingly become the scene of violent confrontations between gangs. Located near the Colombian border, the city...

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