Must Read Money Stories for Tuesday, April 26

by April 25, 2016

MRMSCable bundle. Charter Communications is one step closer to taking over Time Warner Cable and Bright House Networks. The Department of Justice had been looking into the deals, worth a combined $88 billion, for possible antitrust issues. But the LA Times reports the DOJ now says it won’t stand in the way of the deal. The chairman of the Federal Communications Commission also wants to see the Time Warner Cable acquisition go through, with some added provisions. Four other FCC commissioners still have to sign off on the deal, according to the LA Times.

Amazon and race. Bloomberg analyzed the availability of Amazon’s same day delivery services in major U.S. cities and found some big differences in availability based on race. Bloomberg reports the service is less-likely to be available in majority black neighborhoods in a number of cities. Some of these same neighborhoods are marked by high poverty and low availability of good products at affordable prices. That’s where Amazon’s delivery service can have a huge impact, says Bloomberg. But customers in those neighborhoods may have to wait longer than folks on the other side of town.

Rice settlement. The city of Cleveland will pay about $6 million to the family of Tamir Rice, a 12-year-old boy shot by city police officers in 2014. The Cleveland Plain Dealer reports the officers involved in the shooting were not held criminally liable. But the city will pay to settle the family’s federal lawsuit in civil court. The Washington Post reports the settlement is similar in size to the one New York paid for the death of Eric Garner, and the one Baltimore paid for the death of Freddie Gray

Educational inequality.¬†Fewer college graduates come from modest means these days. The Atlantic looks at the growing gap in college completion between kids from high-income families versus low income families. More than half of today’s college graduates come from families with a household income higher than $100,000. And since so many jobs require a college degree, this gap could lead to even more inequality in the future.

Catalogo 2006 – 01” by flickr user “strike” CC license CC By-NC-ND 2.0