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When he returned, Black attended Roosevelt University in Chicago and received a degree in sociology in 1952. He received a master's degree from the University of Chicago in 1954 and later taught at the City Colleges of Chicago. He inserted himself into the fight for equality barely a year later, after seeing a young Martin Luther King Jr. preach on television in December 1955 about the bus boycott in Montgomery, Alabama. "That was it for me," Black wrote in his 2019 autobiography, "Sacred Ground." "I jumped on a plane and flew down to Montgomery. I was so enthralled that I wanted to be a part of it." During the late 1950s and early 1960s, Black commuted between Alabama and Chicago to help build a network of support for King's movement. The men developed a good relationship. King referred to him as "TD" or "Brother Black." And Black called King "Doc." "I was older, and he treated me as an older brother; his attitude was respectful, and I felt kinship and honor," Black said in his book. In the early '60s, Black became a fierce labor organizer. He served as the president of the Chicago chapter of the Negro American Labor Council, founded by labor leader A. Philip Randolph.https://www.usatoday.com/story/news/nation/2021/10/13/civil-rights-activist-timuel-black-jr-dies-at-102/8441335002/
The 25 basis point rate hike marks the start of a tightening cycle that had been expected to begin in August, but was delayed after an outbreak of the coronavirus Delta variant and a lockdown that is continuing in its biggest city Auckland. The increase in the cash rate to 0.50% by the Reserve Bank of New Zealand (RBNZ) had been forecast by all 20 economists polled by Reuters. The New Zealand dollar briefly rose after the announcement but fell back to $0.6930, in line with broader market moves. "It was pretty much in line with what everyone was picking," said Jason Wong, senior you could try here market strategist at BNZ in Wellington. "We're on a path towards a series of rate hikes and the market is well priced for that." Announcing its decision, the RBNZ said further removal of monetary policy stimulus was expected, with future moves depending on the medium-term outlook for inflation and employment. The rate hike puts New Zealand ahead of most other developed economy nations as central banks look to wind back emergency-level borrowing costs, although countries including Norway , the Czech Republic and South Korea have already raised rates. In neighbouring Australia, the central bank held interest rates at a record low 0.1% for an 11th straight month on Tuesday. Economists expect the benchmark rate to reach 1.50% by the end of next year and 1.75% by the end of 2023, the Reuters poll showed. The South Pacific nation has enjoyed a rapid economic recovery since a COVID-driven recession last year, partly because it eliminated coronavirus and reopened its economy before others. But with its borders still shut, labour and goods shortages are pushing up inflation, as well as contributing to a surging property market, which has been driven by ultra-low interest rates.https://www.reuters.com/world/asia-pacific/new-zealand-raises-interest-rates-more-tightening-come-2021-10-06/