Chelsea are ready to offer Arsenal goalkeeper Petr Cech a role with them at the end of the season when he retires from football, Goal understands.The 36-year-old announced that he will hang up his gloves at the end of the season after a glorious career which included 11 years at Chelsea – a period that was the most successful in the club’s history.The decision to bring back Cech would follow their strategy of wanting to recognise the contributions of some of their top former players by offering them roles when their playing careers come to an end. Article continues below Editors’ Picks ‘There is no creativity’ – Can Solskjaer get Man Utd scoring freely again? ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? The Gunners goalkeeper has yet to make a concrete plan over his next step after he leaves the north Londoners, preferring to focus on helping Unai Emery’s side win a trophy in his final season.He could, though, be offered roles ranging from a coach to an executive, or an ambassadorial role.The former Czech Republic international has a personal relationship with Chelsea’s owner Roman Abramovich, with Cech having recently moved house to a location that’s closer to Chelsea’s training ground than Arsenal’s.He would be following a host of ex-Chelsea players in having worked with the club after retirement, with John Terry, Frank Lampard and Jody Morris having all coached the club’s youngsters in recent years.They went onto secure positions with Aston Villa and Derby County, with Lampard having taken the manager’s job at Pride Park.Joe Cole has also returned to the Blues’ Cobham training ground to coach youngsters across all age groups, helping out the likes of Eddie Newton, Paulo Ferreira and Tore Andre Flo.Former Chelsea striker Gianfranco Zola, meanwhile, is part of Maurizio Sarri’s first-team backroom staff, alongside the likes of Carlo Cudicini and Hilario.Andy Myers and Joe Edwards are another two ex-players coaching the club’s younger players this season, while Didier Drogba, Michael Ballack and Michael Essien have all done work for Chelsea in ambassadorial roles.The club’s policy is understood to extend to Ashley Cole, who is currently playing in MLS with LA Galaxy.The Blues hope that their policy of incorporating club legends can help them maintain their identity and avoid a situation similar to Arsenal, who saw former midfielder Patrick Vieira end up in a youth development role at Manchester City.Cech won 13 major trophies at Chelsea including four Premier League titles and the club’s only ever Champions League success back in 2013.The Blues travel to face Arsenal on Saturday but Bernd Leno is likely to start ahead of Cech, after establishing himself as the club’s No.1 goalkeeper.
US trade deficit grows to $42.2B because of fewer exports; deficit with China hits record high by Martin Crutsinger, The Associated Press Posted Dec 11, 2012 9:28 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – The U.S. trade deficit increased in October because exports fell by a larger margin than imports, a sign that slower global growth could weigh on the U.S. economy.The Commerce Department said Tuesday that the trade deficit grew 4.8 per cent in October from September to $42.2 billion.Exports dropped 3.6 per cent to $180.5 billion. Sales of commercial aircraft, autos and farm products all declined.Imports fell 2.1 per cent to $222.8 billion, reflecting fewer shipments of cellphones, autos and machinery.The trade gap with China also increased to a record high, which will keep pressure on the Obama administration. Manufacturers and U.S. lawmakers have complained about China’s use of unfair trade practices.Paul Dales, senior U.S. economist at Capital Economics, said the decline in both exports and imports likely reflected some disruptions from Superstorm Sandy. The storm closed ports in the Northeast for the last few days of October. Exports should rebound in November, although Dales expects the longer-run trend to stay negative.“The bigger issue is that the weak global economy has been taking its toll on exports,” Dales said, predicting that trade would drag slightly on overall U.S. growth in 2013.A wider trade deficit acts as a drag on U.S. growth. It typically means the U.S. is earning less on overseas sales of American-produced goods while spending more on foreign products.Exports rose to a record high in September, which helped lift economic growth in the July-September quarter to annual rate 2.7 per cent. That more than doubled the 1.3 per cent annual growth rate in the April-June quarter. Growth during the summer quarter was also helped by stronger rebuilding of business stockpiles than previously estimated.Most economists say growth is slowing in the current October-December quarter to below 2 per cent. One reason for the weaker growth is the decline in exports. And U.S. companies are probably cutting back on restocking, mostly because of worries about looming tax increases and government spending cuts that will kick in next year without a budget deal before January.There were some hopeful signs in the report.U.S. exports to the 27-nation European Union rose 1.4 per cent in October. Exports to that region have fallen 0.7 per cent from January through October because the debt crisis has pushed many European nations into recession.The U.S. also ran a record $2.6 billion trade surplus in October with the nations of South and Central America. The surplus with Brazil, the largest economy in South America, was $1.8 billion. U.S. exports to that country hit a record $4.1 billion.Still, the U.S. trade deficit with China kept growing in October to a record $29.5 billion.American manufacturers say China has kept the yuan undervalued against the U.S. dollar. A lower valued yuan makes Chinese goods cheaper for U.S. consumers and American products more expensive in China.The Obama administration has lobbied China to move more quickly to allow the yuan to rise in value. But it has refused to cite China as a currency manipulator. That designation would require negotiations between the two nations and could lead to the United States filing a trade case against China before the World Trade Organization.
According to the Libya country team of the UN Office for the Coordination of Humanitarian Affairs (OCHA), more than 331,000 people are in need of assistance, including an estimated 287,000 people who are internally displaced within and around the capital, Tripoli, as well as Benghazi. In addition, another 100,000 people have fled to neighbouring countries amid the continuing violence between rival armed factions in the country. In a press statement released today, OCHA said the main humanitarian priorities outlined in its new appeal are health and food assistance, provision of non-food items and hygiene kits, and mine action activities which would target the internally displaced, migrants, refugees, other vulnerable groups and affected host communities. “Whilst the conflict has obliged the vast majority of the international community present in Libya, including the United Nations, to temporarily withdraw from the country, access is being sought through national and international partners who have presence in the country and through UN agency national staff,” the statement said. It added that humanitarian needs assessments were ongoing “in order to take into account the fluid security situation in the country and identify and target the most vulnerable affected populations and guide the humanitarian response.” Civilian casualties, injuries and large-scale displacement continue to increase in Libya as a result of recent clashes in Tripoli and several other areas of the country. The North African nation has been embroiled in some of the worst fighting since the 2011 uprising that ousted former leader Muammar al-Qadhafi and set the country on a transition to democracy.