Wednesday Must Read

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Stories you shouldn’t miss:

1. The City of Oakland laid off eighty police officers last night after eleventh-hour negotiations between the cops’ union and city officials failed to produce a settlement agreement, the Chron and Trib report. The cops’ union rejected a final proposal from the city council that would have spread out police pension contributions over three years. The union said it wanted a guarantee of no layoffs until 2013 tied to the pension proposal. But council members said they could only agree to a one-year layoff moratorium because the city’s projected deficit for 2011-12 is worse than this year’s.