From the Desk of A Teaching Economist: A Primer on Sovereign Wealth Funds
Michael G. Ellis, Department of Economics, NMSU
What are these funds held by other nations? How did they get them and what are they doing with them? The U.S. Treasury defines sovereign wealth funds as government investment funds that are funded by foreign currency reserves, but managed separately from official currency reserves. All countries that trade keep official currency reserves.
When What You are Thinking can be as Important as What You are Saying: The Role of Subjective Intent in International Contracts for the Sale of Goods
Roger J. Johns and Mark S. Blodgett
Traditionally, contract law in the United States, which is mostly state law, has relied almost completely on external, objective manifestations of the parties’ intent, to determine the existence and terms of a contract. This was true, even though the fundamental assumptions about what was required for a contract to come into existence, and, assuming its existence, what terms the parties had agreed to, differed depending upon whether the contract was governed by the common law or the Uniform Commercial Code.
Christopher A. Erickson and James Libbin
Complete Article: Talking Points