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Public Use for Profit

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The Supreme Court, in the case of Kelo v. The City of New London (Top 25 cases, #12 in Unit 5), ruled in June 2005 that local governments may force property owners to sell out and make way for private economic development when officials decide it would benefit the public, even if the property is not blighted and the new project's success is not guaranteed. The 5 to 4 ruling provided the strong affirmation that state and local governments had sought for their increasing use of eminent domain for urban revitalization, especially in the Northeast, where many city centers have decayed and the suburban land supply was dwindling.

Discuss the relevancy of this case to the charge of the adverse impact caused by activist judges on the American political system. You might want to read the dissent opinion by former Justice Sandra Day O'Connor and you may address the aftermath (city council elections/Pfizer abandons site/etc.).

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Kelo vs. City of New London (2005)

The issue here is a real estate developer seizing land, in New London, CT, for the sake of new construction (urban renewal). The city, in other words, just took this property and gave it over to new development. The question here is the 5th amendment, which says that a citizen cannot be deprived of life, liberty, or property, without due process of law, nor shall private property be taken for public use, without just compensation.

Kelo claimed that the real estate developer's ideas might be good, but are not for public use in the traditional sense of the word. Of course, she's right, so the court redefined the entire concept. It's kind of a big deal.

Benefits that a town enjoys from urban renewal are greater than property rights. The activism here is a ...

Solution Summary

The expert examines the public use for profits.The relevancy of this case to the charge of the adverse impact causes by activist judges on the American political system is determined.

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Financial Statement Analysis for U.S Public Company

Financial Statement Analysis

Our purpose this week: learning how to measure the performance of companies by analyzing their financial statements. Show us that you have read and understood the required readings, links and attached files - quote them where appropriate.

Assignment:

You are the assistant to the CEO of a major company. Your CEO keeps an eye on the competition, and asks you to do the following. Using ratio analysis, compare two major competitors in the same industry.

Instructions:

Pick any two U.S. public companies in the same industry. ( I WANT TO USE DELTA AIRLINES AND SOUTHWEST AIRLINES)

One of your two companies can be the same company you used in Week 2.

Select the 10 most important financial ratios for your two companies and calculate each for the last 2 fiscal years using Excel.

Follow the same format as in the examples posted in the file attached in the Week 3 Conference for the Drugstore Chains example. Use the "Compare" worksheet. The "W", "C", "Profiles" and "Z Score" worksheets are not required, and nor is the Dupont Analysis.

Create a single Excel file for your entire assignment.

You may obtain financial information and the companies' latest annual reports on the web directly from MSN Money or Yahoo Finance or Morningstar. For additional information, look for the SEC Form10-K link from one of the MSN Money, or Morningstar, or Yahoo Finance financial sites.

You should calculate, and comment upon, all 10 financial ratios for the last 2 fiscal years. (YEAR 2014 AND 2013)

All calculations should be shown, and all answers should be thoroughly explained.

It is useful to compare financial ratios for a company with financial ratios of its industry. Industry financial ratios can be found on Morningstar.com, Yahoo Finance and MSN Money.

When using balance sheet items to calculate ratios, for each year be sure to average the beginning-of-year and end-of-year amounts to get the average for that year.

What can you tell from your analysis? What are the strengths and weaknesses of each company? Which is the stronger competitor? Give your reasons.

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