You don't OWN land...

Well, that's what this can be thought of. Link to CNN. They pretty much ruled that a local government can take your house/business against your will for private economic development.

I'm pretty sure the only time a local government could even come close to doing that was for a public use; such as roads, schools, etc. I suppose America's economy is getting bad and they expect remedy it by granting themselves this sort of power. Hey, the former USSR had complete control over their economy and you saw how that turned out. Their success was especially evident when the Russian economy imploded in on itself.