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Best Photos of the Year, 2008: The American Economy: Down and Out

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By TIME

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

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