From CNN.com:
High court OKs personal property seizures
Majority: Local officials know how best to help cities
WASHINGTON (AP) -- -- The Supreme Court on Thursday ruled that local governments may seize people's homes and businesses -- even against their will -- for private economic development.
It was a decision fraught with huge implications for a country with many areas, particularly the rapidly growing urban and suburban areas, facing countervailing pressures of development and property ownership rights.
The 5-4 ruling represented a defeat for some Connecticut residents whose homes are slated for destruction to make room for an office complex. They argued that cities have no right to take their land except for projects with a clear public use, such as roads or schools, or to revitalize blighted areas.
They completely ignored the "public use" requirement for eminent domain in the 5th Amendment. I'm so ANGRY right now! Private property rights have just been eliminated in the USA. Now the govenrment can take your house and give it to private developers if they think they'll get more tax revenue otu of it that way.
This is one dangerous ruling for any property owner. 
