Here's the mission of the group behind the engineering conference:
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With the mission to increase the number of culturally responsible African-American engineers who excel academically, succeed professionally and positively impact the community, the group will celebrate the successes of their members as well as support and promote the aspirations of professionals, students and pre-college students.
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Everyone should encourage that sort of activity, IMHO.
The white-only party, on the other hand, is guaranteed to be a bunch of cracker jackasses. If you think the two are comparable, more power to you.