Latest update: 21/10/2009 

- financial crisis - New York - unemployment - US economy - USA


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.

By Cyril VANIER / Willy BRACCIANO

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.

 

The faces of French poverty
03/02/2012 - REPORTERS

The faces of French poverty

According to a recent survey, almost a quarter of French people have little or nothing left to live on at the end of the month. These "nouveaux poor" are students, single parents, casual workers and the elderly. Our reporter went to meet them.
Egypt’s Salafist surge
27/01/2012 - REPORTERS

Egypt’s Salafist surge

In a matter of months, Egypt’s ultra-conservative Salafists have beaten a path from marginalised religious sect to major political force. But what do we know about them, aside from their heavily religious roots? France 24’s Chris Moore and Noreddine Bezziou travelled to Egypt to find out.
France's lost football talent
20/01/2012 - REPORTERS

France's lost football talent

They could have been future French champions. But like many young footballers with dual nationality who were trained in France, Cheik and Mohamed have chosen to leave the country to play for their nationality of origin. How can these talented young players be persuaded to stay in France?
A Burmese spring
18/01/2012 - REPORTERS

A Burmese spring

After half a century of military dictatorship, there are signs of growing democratic openness in Burma. After freeing Aung San Suu Kyi from house arrest in 2010, the regime has now released political prisoners and opened a dialogue with separatist guerrillas. Our reporters travelled across the country to find out why one of the most repressive dictatorships in the world is suddenly opening up.
Guantanamo prison, through Cuban eyes
13/01/2012 - REPORTERS

Guantanamo prison, through Cuban eyes

Despite US President Barack Obama’s promise to close the prison at Guantanamo Bay, 171 men are still locked up there. Our reporters went to the two villages closest to the barbed wire surrounding the military base and met the Cubans living beside these awkward neighbours. It is a sensitive zone, just a few metres from the American watchtowers.

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