.Monday Must Read

Stories from today and over the weekend that you shouldn’t miss:

1. Jerry Brown’s attempts to pounce on Meg Whitman’s ties to Goldman Sachs may backfire, because he has some ties of his own. The Los Angeles Times reports that the Brown mayoral administration renegotiated an “interest-rate swap” with Goldman Sachs that is now costing the cash-strapped City of Oakland $5 million a year. Goldman Sachs has come to epitomize Wall Street greed, particularly following the Securities and Exchange Commission’s decision to sue the firm for fraud.

2. The Berkeley school board approved a compromise plan that cuts fewer science teacher positions than previously proposed and uses the money to help struggling students. The compromise plan slashes three teacher positions and saves college prep science labs that had been on the chopping block, the Berkeley Voice reports.

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