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The business of black America

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The National Urban League’s 2014 report on the state of black America released a torrent of negative assessments. “Dismal and getting worse,” read one headline. “Blacks behind whites, Latinos in job market, report says,” read another.

While superficial, these summaries do contain one truth: On measures of economics, health, education, social justice and civic engagements, African-Americans have realized less of the American Dream than have their white and Hispanic peers.

Indeed, the Urban League report notes, 56.5 percent of African-American…

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