Eminent domain Essay Example | Topics and Well Written Essays - 250 words

Eminent domain - Essay Example The right of the government to seize private property, is for public utility propjets like hospitals, schools, government t office buildings, parks etc. To have just laws is fine. What is important is the interpretation of the law needs to be just and the end use of the acquired land needs to be for just purposes. The wise saying goes, that eternal vigilance is the price of liberty. The implementing authorities may try to abuse eminent domain, but it is for the community to resist such ill-boding moves. When the State Government delegates the power to their political subdivisions, such as cities and counties, the chances of misuse of eminent domain is real. The saving grace for the American citizen is, as the author points out, â€Å"Constitutional rights carry a moral and symbolic power not shared by statutory protections.†(7) According to the 5th Amendment, â€Å"No person shall†¦be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use without just compensation.†(16)Thus the American citizen is protected by the abuse of eminent domain as he gets th e fair market value of the property. The federal and state governments often delegate the power of eminent domain to private corporation that are engaged in quasi-government functions, such as railroad and utility companies and they can acquire property through the process of condemnation. But without the power of eminent domain, no government can initiate large-scale welfare measures and public utility projects. Even before the American Revolution, colonies used the powers of eminent domain for construction of roads and

Capital Market Essay Example | Topics and Well Written Essays - 1500 words

Capital Market - Essay Example Govt. Raises funds for different tenors. These include both long term, as well as, short term papers. The terms, used for short term and long term papers, are different depends upon the definition of the maturity of the paper. On the basis of international standards, the short term paper ranges from 3month, 6months and 12 months maturities. On the other hand, long term paper is referred to as those securities which are issued for a time period more than one year. The short term papers, which are issued by the government, are called Treasury Securities. Similarly, the long term papers by the government are called Treasury Bonds. In the middle of government issued and Private Securities, there are some other securities, which are partially backed by Govt. and private owners. Such kinds of securities are referred to as the Semi Govt. securities. Australian economy is considered as one of the most developed economies of the world. The financial markets are strong. The current inflation rate is around 1.2 %, which is relatively very low as compared to developing markets. The Reserve Bank of Australia is mainly responsible for issuing and purchasing Govt. based long term paper. The Reserve Bank of Australia is the central bank of Australia. The government of Australia raises funds by issuing the Securities named as treasury bonds. The main features of Treasury bonds are as follows Step 1: The reserve bank of Australia offers the primary dealer, which are normally the big banks of the country, to buy the treasury bonds through auctions (Armantier, 2006). The schedule of the auctions is normally published on Reuters and Bloomberg. Pass Through: It refers to the demands of corporate clients in which they can enter into auction via primary dealers based with pre-defined rates. It means if the cut off rate lies in the predefined rate then the bid will be exercise otherwise it will be wasted. Non-Competitive Biddings: The Corporate Clients and