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Economist Podcasts

Checks and Balance: Leaving today

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 1 January 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

New York became the epicentre of the pandemic when it first hit America. More than 25,000 New Yorkers have died of covid-19. An estimated 300,000 have left the city as its health infrastructure stretched beyond capacity, schools closed, and crime spiked. The loss of commuters and tourists leaves a huge hole in the city's finances. But the city has bounced back from bankruptcy, and worse, before. Can it recover in 2021?


We speak to funeral director Sal Farenga and Kelley Cabrera, a nurse in The Bronx. Kathryn Wylde of The Partnership for New York City tells us recovery is not guaranteed.


John Prideaux, The Economist's US editor, hosts with New York bureau chief Charlotte Howard, and Jon Fasman, US digital editor.


For access to The Economist’s print, digital and audio editions subscribe: economist.com/2020electionpod 



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Transcript

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0:00.0

By night, Manhattan holds 1.6 million souls.

0:06.7

In the morning, over twice as many Russian like a tide, filling up office blocks, coffee

0:12.0

shops, and spin classes.

0:14.5

In the evening, this tide drains back out over bridges and through tunnels, leaving

0:19.5

just a thin residue of small hours, stopouts, and shift workers.

0:23.8

This ebb and flow is shallower at weekends and in summer, but it's held its rhythm for

0:28.8

more than a century.

0:30.8

In March 2020, it stopped.

0:34.5

When the streets filled again in June, it was to protest against racism and police violence

0:39.0

in the wake of the death of George Floyd.

0:42.0

Build a blasio, the city's mayor, imposed a curfew.

0:46.5

No-where represented the 20th century's love affair with the idea of the city better

0:50.8

than New York.

0:52.4

Ever since it overtook London, the previous top dog, in 1925, it's been the toast of the

0:57.6

world.

0:58.8

With nearly $2 trillion in GDP, it's still the richest city on the planet.

1:04.0

But the city that never sleeps remains heavily sedated as a new year begins.

1:10.9

This is Checks and Balance.

1:13.3

I'm John Prado, the economist's US editor.

1:19.1

Each week we take one big theme, shaping American politics and explore it in depth.

1:25.1

Today, what's the future of New York City?

1:41.5

New York became the epicenter of the pandemic when it first hit America.

...

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