The New Talented Tenth

told for the number of judges, engineers, major league coaches, and managers and a whole lot more.

Black buying power in 2008 was $913 billion dollars, and is projected to reach $1 trillion this year.

Black men and women are CEOs of multi-national corpora rations and presidents of major universities and serve as corporate directors and in significant corporate management positions.

We have had two Black national security advisorsm who also served as Secretaries of State. We have served in the Cabinet at HUD, Transportation, Commerce, Labor and as Special Trade Representative.  Three Blacks have been Ambassador to the U.N.  We have had three Blacks on the Federal Reserve Board and two Black men and a Latino woman on the Supreme Court.  We have a Black Attorney General appointed by a Black President.  Almost every door that was once shut to Black Americans is now open.

And yet, in many important ways, these are also the worst of times.

America has endured 13 recessions since the Great Depression.  None of them has had the combination of length, breadth and depth of the current recession.

While all Americans have felt the brunt of the current recession, Blacks have borne a disproportionate share of the job losses and housing foreclosures.  The latest report of the Bureau of Labor Statistics says national unemployment is 8.8 percent.  For Blacks, it is 15.4 percent.

Today, more Black men are in jail than in college.  That’s a relatively new development.  Go back to the 1980 Census and you will find that there were three times as many Black men in college as there were in prison.  By the 2000 Census, it had flipped.  There were 791,600 Black men in prison and 603,032 enrolled in college.

A majority of children in all racial groups, and over 80 percent of Black and Hispanic children in the 4th, 8th and 12th

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