20 01 20

first_imgLONDON (AP): Kieran Gibbs was Arsenal’s unlikely rescue act after coming off the bench in the north London derby yesterday, scoring his second-ever Premier League goal to recover a 1-1 draw against Tottenham. The defender’s first league goal since March 2012 came in the 77th minute, three minutes after surprisingly replacing forward Joel Campbell with Arsenal trailing. “He gets in good positions,” Arsenal manager Arsene Wenger said. “Maybe he lacks a bit of belief he can score.” The provider was less of a surprise, with Mesut Ozil’s high ball to Gibbs at the back post his 10th assist in 11 league games. “We are struggling with a lot of injuries at the moment so we don’t have a lot of options,” Gibbs said. “(My goals) don’t come often but when they do hopefully it’s enough to help the team. In these games you can never give up.” He canceled out Harry Kane’s first-half opener and denied Tottenham a first win at the Emirates Stadium in five years, despite Spurs dominating much of the game. Arsenal missed a chance to go top, staying behind leaders Manchester City, which were held 0-0 by Aston Villa earlier, due to their inferior goal difference. “We had a great mental response and showed we were determined not to lose,” Wenger said. Tottenham, unbeaten in the league since the opening day, are five points back in fifth and were the more aggressive team throughout the first half, with Erik Lamela shining as he harried the hosts who were bruised by a mid-week loss at Bayern Munich. Arsenal’s defense, as so often, was spongy in the first half and was easily penetrated in the 32nd minute by a resurgent Kane scoring his sixth goal in four games. Danny Rose’s deep ball down the left flank went straight between Per Mertesacker and Laurent Koscielny and Kane slid the ball past goalkeeper Petr Cech, rather than hesitating as he was prone to doing earlier in the season. “It was a great ball between the two centre halves,” Kane said. “I had a little look and I wasn’t offside.” Arsenal appeared transformed in the second half after Mathieu Flamini replaced Santi Cazorla, with Wenger saying the Spain midfielder was dizzy and “not at the races.” Only a diving save by Tottenham goalkeeper Hugo Lloris at full stretch tipped away Campbell’s shot. Although Olivier Giroud was repeatedly left unmarked, the Arsenal forward could not find the target with headers from Ozil deliveries – first hitting the crossbar and then missing from six metres. Finding the net was equally problematic for Tottenham, with midfield dynamo Dele Alli slicing way over after Christian Eriksen’s shot was parried by Cech. Then after Eriksen played through to Kane, the England forward dragged a shot wide. Gibbs ensured the points were shared in the 82nd north London derby but Tottenham manager Mauricio Pochettino wasn’t too downbeat after a grueling spell ahead of the two-week international break. “We played three matches in six days and we have always one day less to recover,” Pochettino said. “We showed great character and personality … it was an unbelievable effort.” MISSED OPPORTUNITYlast_img read more

11 01 20

first_imgAnalysts viewed the minor changes in the Fed’s announcement as a signal that the central bank is not likely to change rates any time soon. “This statement signals no change for awhile,” said David Jones, head of DMJ Advisors, a private forecasting firm. Jones said he still believes the Fed’s next move will be a rate cut, but perhaps only a one quarter-point reduction late in the year after inflation has eased further in response to a weaker job market. The Fed’s last rate change occurred nearly a year ago – on June 29, 2006 – when the funds rate was increased for a 17th straight time. That capped a two-year period in which the central bank pushed the funds rate up from a 46-year low of 1 percent in an effort to slow the economy enough to restrain rising inflation pressures without pushing the country into a recession. The latest decision, which was announced after the Fed’s regular closed-door discussions, meant that the prime rate, the benchmark for millions of consumer and business loans, will remain unchanged at 8.25 percent. So far, the Fed’s plan seems to be working to slow economic growth and lower inflation pressures. But the steep slide in the once-booming housing sector has raised concerns among some economists that the slowdown could worsen into a more severe downturn. The Fed made only small changes in its brief statement commenting on current economic conditions. It stated that “economic growth slowed in the first part of this year” rather than saying that economic conditions were mixed, the way it had described the economy at its March meeting. But it continued to signal that its major concern was inflation, restating previous wording that the Fed’s “predominant policy concern remains the risk that inflation will fail to moderate as expected.” Economic growth, as measured by the gross domestic product, slowed in the January-March quarter to an annual rate of 1.3 percent, the weakest performance in four years, while the jobless rate inched up to 4.5 percent in April as businesses created just 88,000 new jobs. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WASHINGTON – The Federal Reserve left a key interest rate unchanged on Wednesday as the economy signaled that it was on track for a soft landing in which growth slows enough to restrain inflation. Fed Chairman Ben Bernanke and his colleagues voted to keep the federal funds rate, the interest that banks charge each other, at 5.25 percent. It marked the seventh straight meeting at which the Fed has kept rates steady. The decision had been widely expected, but some Wall Street investors were still disappointed that the Fed did not modify its worries about inflation given recent data showing price pressures have eased a bit. The Dow Jones industrial average, which had spiked right before the announcement, at first dropped on the announcement but then made up the lost ground. It closed up 53.80 at a record 13,362.87. It is the index’s 21st record close this year. last_img read more