I don't find the article racist, but too generalising.
My "hispanic" friend whose parents came from Panama and Costa Rica excelled in college (University of Washington) and graduated with magna cum laude, and is an associate in an architectural firm in the Silicon Valley Area.
His father was an civil engineer who runs his own firm in Seattle, and his mother, who by the way was a very nice person, was an artist.
While my "asian" friend whose family originated from Taiwan, got into Stevens Institute of Technology in New Jersey, dropped out, and is now working in his brother in law's business.
His father was an opthalmologist, and his mother a nurse, both worked at a hospital in Manhattan.
Just goes to show that simple generalisation should be taken with a grain of salt.