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Following a week of racially charged protests in Baltimore, U.S. President Barack Obama on Monday said that the residual effects of racism have built up over time and created inequality. Speaking on one of the final episodes of the Late Show with David Letterman, Obama said the effects of slavery, Jim Crow laws and discrimination in American history have left minority communities at a disadvantage. Earlier in the day, Obama spoke at Lehman College in the Bronx where he announced the launch of My Brother's Keeper Alliance, a nonprofit organization that is a spinoff of a White House initiative to increase opportunities for young minority men. Obama said black and Latino men feel disadvantaged, and he credited their sense of frustration about their lives and opportunities for the intensity of recent protests around the country.