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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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2016-09-23 Burma

Video: In Burma, ex-political prisoners struggle to return to normal life

During a half-century of dictatorship, nearly 10,000 Burmese citizens were imprisoned for their political views. Almost all of these political prisoners suffered physical and...

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2016-09-15 football

Video: African football players dream of kickstarting career in Asia

Southeast Asia is awash with football fever. New leagues and new teams are springing up everywhere - even in countries where the sport was until recently a minority pastime. To...

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2016-09-08 Niger

Video: Niger’s Agadez, gateway to exile

Agadez, the largest city in central Niger, has become one of the main transit points for illegal migrants from West Africa who dream of Europe. We bring you an exceptional...

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2016-09-02 India

Video: In Indian Ocean, Jarawa tribe risks dying out

For their own protection, you are not allowed to meet them. For tens of thousands of years, the Jarawa have been self-sufficient hunter-gatherers, living in harmony with nature...

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2012-06-14 Colombia

From the archives: Caught in the crossfire in Colombia

On April 28 a team of Colombian commandos set out to destroy a secret drugs lab in the jungle. FRANCE 24 reporter Romeo Langlois joined them to record the mission. The patrol was...

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