February 12, 2009 12:00 AM EST
TIME Photographer Anthony Suau wins the prestigious World Press Photo of the Year Award for an image of a family being evicted from their Cleveland home. The picture was part of his essay on the fallout from the financial meltdown
Chicago, Illinois March 28, 2008 At the Chicago Mercantile Exchange, traders watch the open outcry in the S&P 500 pit during a period when markets routinely swung up or down over 100 points a day. Anthony Suau Cleveland, Ohio March 27, 2008 At the City of Cleveland's Division of Workforce Development employment office Johnny Nicholson, 40, looks for work as a welder or auto mechanic. Ashley Ermisch of the Workforce office tries to help him . Though the population of Cleveland has decreased, unemployment is on the rise. Anthony Suau Cleveland, Ohio March 28, 2008 Once said to be the largest mall in the United States, the Randell Park Mall is all but closed due to violence, bad maintenance, poor business, and the current mortgage crisis. The vast cavernous atriums remain dark as only a handfull of people roam the mall. Anthony Suau New York, New York March 14, 2008Outside the New York Stock Exchange on the day Bear Stearns share prices plummeted. Anthony Suau Washington DC, District of Columbia March 17, 2008 Chairman of the Federal Reserve Ben Bernanke and Donald L. Kohn, the Reserve Board's Vice Chairman assess the situation the morning after the Fed intervened to rescue troubled bank Bear Stearns with $30 billion in emergency support and an interest rate cut. Anthony Suau New York, New York March 14, 2008A pedestrian walks outside the New York Stock Exchange on the day Bear Stearns' investors sold en masse, sending the firm share price on a steep decline. Anthony Suau Cleveland, Ohio March 11, 2008 People wait in line for the daily free food distribution at Mount Haven Baptist Church's hunger center in central Cleveland. Anthony Suau East Cleveland, Ohio March 25, 2008 In East Cleveland, some streets are lined with homes abandoned after foreclosures and evictions. Junkies, drug dealers, squatters and the homeless are known to inhabit these buildings and the area has become extremely dangerous. Some residents refer to it as "Mad Max." Anthony Suau Cleveland, Ohio March 26, 2008 Warning and final eviction notices are lined up for the Cuyahoga County Sheriff's Department, which must deliver and enforce them. Anthony Suau Cleveland, Ohio March 25, 2008 Family and friends of Marian Taylor help her move her belongings from her home in Cleveland after her loan was foreclosed on. Anthony Suau World Press Photo of the Year Cleveland, OhioMarch 26, 2008 Detective Robert Kole of the Cuyahoga County Sheriff's Department enters and clears an abandoned foreclosed house. He is checking for squatters. Anthony Suau Cleveland, Ohio March 26, 2008 Michelle Fortson and her husband Reginald go grocery shopping at a discount store that only sells generic brands. Michelle tightly controls the budget and searches for items that total no more then $30. Reginald tries to slip in a couple of flowers in to the cart for his wife but Michelle asks him to put them back before checking out, saying that she knows he loves her. Anthony Suau More Must-Reads from TIME Why Trump’s Message Worked on Latino Men What Trump’s Win Could Mean for Housing The 100 Must-Read Books of 2024 Sleep Doctors Share the 1 Tip That’s Changed Their Lives Column: Let’s Bring Back Romance What It’s Like to Have Long COVID As a Kid FX’s Say Nothing Is the Must-Watch Political Thriller of 2024 Merle Bombardieri Is Helping People Make the Baby Decision