Trump's Hidden Fed Agenda

Trump's latest moves show he's preparing to reshape the Federal Reserve - and the value of the U.S. dollar. With key appointees already in place, the coming monetary reset could send gold soaring like it did in the 1970s, when it climbed 24X in under a decade.

Georgia case over railroad's use of eminent domain could have property law implications

JEFF AMY
November 27, 2023

ATLANTA (AP) -- It's a fight over land in one of rural Georgia's poorest areas, but it could have implications for property law across the state and nation.

A hearing is scheduled to begin Monday to help determine whether a railroad can legally condemn property to build a rail line 4.5 miles (7.25 kilometers) long that would serve a rock quarry and possibly other industries.

A hearing officer will take up to three days of testimony, making a recommendation to the five elected members of the Georgia Public Service Commission, who will ultimately decide.

The line would be built by the Sandersville Railroad, which is owned by an influential Georgia family. It would connect to the CSX railroad at Sparta, allowing products to be shipped widely. Sparta is about 85 miles (135 kilometers) southeast of Atlanta.

People in the rural neighborhood don't want a train track passing through or near their property, in part because they think it would enable expansion at a quarry owned by Heidelberg Materials, a publicly traded German firm.

Some residents already dislike the quarry because it generates noise, dust and truck traffic. Supporters say if the railroad is built, the quarry will move its operation farther from houses, trains will reduce trucks on roads and the railroad will build berms to shield residents.

But owners say losing a 200-foot (60-meter) wide strip of property to the railroad would spoil land they treasure for its peace and quiet, hunting, fishing and family heritage.

"Sandersville Railroad does not care about the destruction of my family's property or our way of life," Donald Garret Sr., one of the owners, said in written testimony in August. "They just care about their own plans for my property, which won't serve the public, but will just help them expand their business and the quarry's business."

Opponents have high-powered allies, including the Institute for Justice, which hopes to use the case to chip away at eminent domain, the government power to legally take private land while paying fair compensation.

The Libertarian-leaning legal group was on the losing side of a landmark 2005 case allowing the city of New London, Connecticut, to take land from one private owner and transfer it to another private owner in the name of economic development. The decision set off a widespread reaction, including more than 20 states passing laws to restrict eminent domain.

Railroads have long had the power of eminent domain, but Georgia law says such land seizures must be for "public use." Opponents targeted the project by saying it would only benefit the quarry and doesn't meet the definition of public use.

"This is not a taking of necessity from private property owners to serve truly public interests and the public as a whole. Rather, this is a naked wealth transfer," Daniel Kochan, a law professor at Virginia's George Mason University, testified for opponents.

The Sandersville Railroad says there are other users, including a company co-located with the quarry that blends gravel and asphalt for paving. Several companies have said they would truck products from the Sandersville area and load them onto the short line, noting they want access to CSX, but opponents question whether that business will materialize.

The case matters because private entities need to condemn private land not only to build railroads, but also to build other facilities such as pipelines and electric transmission lines. There's a particular need to build additional electric transmission lines in Georgia and other states to transmit electricity from new solar and wind generation.

Sandersville Railroad President Ben Tarbutton III said in testimony that the Institute for Justice is engaged in "transparent efforts to change federal and state constitutional law regarding condemnation."

Others who live nearby, organized as the No Railroad In Our Community Coalition, are represented by the Southern Poverty Law Center. Janet Paige Smith, a leader of the group, testified the railroad would further burden a neighborhood with many Black retirees on fixed incomes.

"We already suffer from traffic, air pollution, noise, debris, trash, and more from the Heidelberg Quarry, but this project would make everything worse," Smith testified.

Continue Reading...

Popular

South Sudan resumes oil exports after drone attack in neighboring Sudan

JUBA, South Sudan (AP) — South Sudan has resumed transporting and exporting crude oil after drone attacks on two key oil installations in neighboring Sudan forced an emergency shutdown of cross-border operations, a senior official said Wednesday.

North Korean Missile Test Sparks US Pushback and Warning

North Korea warns escalation after U.S. carrier docks in South Korea, following missile test, sanctions, joint drills, and alliance coordination.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Weekend roundup: Trump's China tariff shift, $17T investment claim, Dalio warns of market melt-up, shutdown hits GDP, Schiff weighs in on Supreme Court review.

Crypto Set to Skyrocket? (Do This Now!) - Ad

Biden-era crackdowns failed. Under Trump, crypto is entrenched with a Strategic Bitcoin Reserve, a pro-crypto SEC chair, and lawsuits dropped. Bitcoin, Ethereum, Ripple, and Solana have surged. A new law could open a $19T crypto boom, with ways to benefit without buying coins.

Preliminary tests find germ that causes botulism in ByHeart baby formula

Preliminary tests showed that ByHeart baby formula contained the type of bacteria that produces the toxin linked to , California health officials said.

Nvidia, Netflix, Lockheed Martin And A Basic Materials Stock On CNBC's 'Final Trades'

On CNBC's Halftime Report Final Trades, Joshua Brown of Ritholtz Wealth Management liked Netflix's stock price action. Malcolm Ethridge picked NVIDIA ahead of earnings. Lockheed Martin, based on the F-35, is the best jet in air.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

IRS Direct File won't be available next year. Here's what that means for taxpayers

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

Denny's to be acquired and taken private in a deal valued at $620 million

Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Palantir Weighs On Wall Street, Bitcoin Slumps 5%: What's Moving Markets Tuesday?

Risk appetite cooled on Tuesday as investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.

Wall Street Enters Its Strongest Month: These 7 Stocks Often Crush It

November is historically Wall Street's strongest month. These 7 stocks often delivered standout gains in recent decades.

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

Elon Musk Tells Joe Rogan: 'Trump Actually Is Not Perfect, but He's Not Evil'

In a Friday appearance on The Joe Rogan Podcast, Elon Musk defended President Donald Trump, stating that while Trump is "not perfect," he is also "not evil."

Trump White House Clamps Down on Press Access

White House restricts reporter access to West Wing Room 140; NSC cites sensitive material, echoing Pentagon curbs, raising press concerns.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rules

WASHINGTON (AP) — Republicans and Democrats remained at a stalemate on the over the weekend as it headed into its sixth week, with for millions of Americans and President Donald Trump pushing GOP leaders to change Senate rules to end it.

Boeing may face its first civil trial seeking damages for deadly Ethiopia crash

More than six years after a jetliner crashed in Ethiopia, the first civil trial stemming from the disaster that killed all 157 people on board appears poised to move forward.

Trump Orders New Wealth Fund for America - Ad

"We're going to monetize the most valuable asset of the United States." What did Trump's Treasury Secretary mean when he said this? As you'll see, Trump could soon unleash a massive new boom in America. One that could dwarf the rise of crypto and NVIDIA, combined.

UPS distribution hub in Louisville has 300 flights per day. What to know

LOUISVILLE, Ky. (AP) — A at a Louisville, Kentucky airport where the company operates its largest package delivery hub.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Consumer Tech News (Oct 27-31): Nvidia Surpasses $5T Market Cap, Trump-Xi Meeting Concludes, Big Tech Report Earnings & More

Apple, Amazon, Microsoft, and Alphabet beat Q3 estimates with revenue and earnings growth. Trump and Xi conclude high-stakes meeting with trade, soybean, and resource agreements, potentially impacting U.S.-China economic relations and global markets.

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

PARIS (AP) — French authorities have warned they may block access to after it emerged that the online fast fashion giant had been selling sex dolls with a childlike appearance.

Trump's Hidden Fed Agenda - Ad

Trump's latest moves show he's preparing to reshape the Federal Reserve - and the value of the U.S. dollar. With key appointees already in place, the coming monetary reset could send gold soaring like it did in the 1970s, when it climbed 24X in under a decade.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining Inc. (CDE) announced acquisition of New Gold Inc. (NGD) in all-stock deal valued at $7 billion.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Crypto Set to Skyrocket? (Do This Now!) - Ad

Biden-era crackdowns failed. Under Trump, crypto is entrenched with a Strategic Bitcoin Reserve, a pro-crypto SEC chair, and lawsuits dropped. Bitcoin, Ethereum, Ripple, and Solana have surged. A new law could open a $19T crypto boom, with ways to benefit without buying coins.

Buy Now Pay Later Can Torpedo Mortgage Chances

BNPL services like Affirm, Klarna, Afterpay, and PayPal Pay Later are popular but can hurt mortgage approval. Lenders scrutinize bank statements and debt-to-income ratio, and new credit models include BNPL data. Loan officers warn of multiple plans inflating DTI.

Bill Ackman's Amazon Trade Reverses Course – Now Up $119 Million And Counting In Third Quarter

Amazon.com was one of the biggest bets by Bill Ackman in the second quarter. After Q3 earnings, the position is now up since the end of Q2.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

LOUISVILLE, Ky. (AP) — A large UPS cargo plane with three people aboard crashed Tuesday while taking off from an airport in Louisville, Kentucky, igniting an explosion and massive fire that left a thick plume of black smoke over the area.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service