Free Republic

JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the government may need to seize private property to advance clean energy initiatives. Dimon discussed the need to quickly begin investing in solar projects and other green initiatives and suggested that the government should use eminent domain to seize property for those projects. “At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke [sic] eminent domain – we simply are not getting the adequate investments fast enough for grid, solar,...

Congress, States Slow to Confront Kelo December 9, 2005 | | On June 23, the U.S. Supreme Court sent shock waves through the ranks of the nation’s homeowners and small businesses when it ruled 5 to 4 that government could seize property and transfer it to another private owner if the change in ownership might enhance the community through “economic development.” The case pitted the City of New London, Conn., against Susette Kelo, who fought the city for seven years to keep her home from being seized to make room for a major commercial development. Because the decision alerted families...

"Nassau officials Tuesday declared the end of free parking for the 73 worst ticket scofflaws in the county. The people on the list, who owe a combined $452,500 in fines, could lose their vehicles, their wages, even their homes as Nassau uses an old law in a new way to seize property and get its money..." > Snip "...But Nassau County Executive Thomas Suozzi and other officials Tuesday said the scofflaws had more than fair warning, and under a recent amnesty could have paid off their tickets with a 50-percent discount. The tactic involves county officials going to district court,...