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Tuesday, Oct. 13, 2009

At it again: The same Toledo, Ohio, Block Bugler that once chided Jesse Helms for saying "no" to communism is back with another warped classic. A Bugler editorial calls conservatives critical of President Obama being awarded the Nobel Peace Prize "a motley crew," then equates them with the Taliban. So, does the Democratic National Committee text or Twitter its instructions to publisher John Robinson Block's home or office?

Complex mess: A dubious bond deal inked by the Pittsburgh Water and Sewer Authority has come back to haunt. Part of a complex, $414 million debt swap deal lost credit guarantees. The interest rate has nearly doubled at a cost of $230,000 a week. If the authority can secure new guarantees, the rate will drop. But at least one rating agency already has issued a "negative outlook" on the debt. The lesson here -- simpler is better.

Countdown to closure? : The phrase "belly up" is being whispered about the future of Pittsburgh International Airport. Flight and passenger volume is down and costs and fees are rising dramatically. It's a sad object lesson in the fallacy of the public underwriting of US Airways, for which taxpayers built a new airport more than a decade ago.

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