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There was also a King who was radical." Younger black activists say they prefer the pointed, more forceful King to the Nobel Prize-winning pacifist who preached love over hate as he led nonviolent marches across the segregated South. They like the fact that the urgency in King's demand for equality in the years just before his assassination in 1968 is in keeping with the tenacious nature of today's Black Lives Matter rallying cry. "Then as now, it was about promises not translating into substantive transformation," said Princeton University professor Imani Perry. "The questions young people are asking and the way they're challenging the status quo are important. If we don't have that kind of vision, we end the possibility for change before we even have the conversation. In that sense, they really are carrying the torch." Fifty years ago this month, King retreated to the Caribbean with his wife, Coretta, and a few friends to write his final book, "Where Do We Go From Here: Chaos or Community?" In the book, published in June 1967, King argued for racial equality for black Americans through the wholesale embrace of social and economic reform. During the book's promotional tour, King spoke out against the Vietnam War and criticized U.S. leaders for allowing slum conditions to persist in the cities. "Everyone is worrying about the long hot summer with its threat of riots.
You will now receive the Pursuits newsletter Game Plan The school, work and life hacks you need to get ahead. You will now receive the Game Plan newsletter Rural residents were hurt the most because they use cash almost exclusively, from buying clothes or food to ชุดแต่งงานราคาถูก facebook paying for weddings.As many as 600 million Indians probably dont have bank accounts, central bank data show, and a disproportionate number of them live in more than 600,000 small villages earning daily wages in cash. Those communities, dependent mostly on agriculture, account for about 60 percent of Indias jewelry purchases. Golds prospects in India may only get worse this year, said Shekhar Bhandari, head of global transaction services and precious metals at Kotak Mahindra Bank in Mumbai. While the reforms will aid the domestic banking system, investors probably will put money in other wealth-management products rather than bullion, he said. Prolonged Slump The India Bullion & Jewellers Association Ltd. estimates it may take at least six months for the market to get back to normal, though demand usually slows in the monsoon months from June to August. That means purchases may not pick up until the end of the year, during the festival season. People have reduced their spending power, and they are more concerned with having enough money to buy essential items, Ketan Shroff, joint secretary at the association, said by telephone from Mumbais Zaveri Bazaar. Modis reforms may further erode demand by discouraging investors who used gold to keep their wealth off the governments radar. One of golds qualities that attracted so many consumers in India is its lack of traceability, Simona Gambarini,a commodities economist in London at Capital Economics Ltd., said by e-mail from London.
For the original version including any supplementary images or video, visit https://www.bloomberg.com/news/articles/2017-01-16/cash-crunch-leaves-india-gold-lovers-no-way-to-buy-wedding-rings
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