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Wednesday, Nov. 4, 2009

Issue of the Week, Jerk and Hero of the Week

The Milwaukee Common Council has backed off the city’s attempt to lease the Milwaukee Water Works to a private corporation as a way to generate revenue for the cash-strapped but water-rich city. Earlier this year, Milwaukee Comptroller Wally Morics had estimated that a 99-year lease would add $30 million to the city’s coffers every year. Not bad, when you consider that the city is facing an eye-popping $90 million deficit next year. But that’s what the city government would have gained if a deal had gone through...