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Monetary sovereignty is the power of the state to exercise exclusive legal control over its currency, broadly defined, by exercise of the following powers: . Legal tender – the exclusive authority to designate the legal tender forms of payment.
Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced, and that the consumer is the best judge of their own welfare. Consumer sovereignty in production is the controlling power of consumers, versus the holders of scarce resources, in what final products should be produced from ...
In international law, sovereignty is the exercise of power by a state. De jure sovereignty refers to the legal right to do so; de facto sovereignty refers to the factual ability to do so. This can become an issue of special concern upon the failure of the usual expectation that de jure and de facto sovereignty exist at the place and time of ...
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.
Congress can, however, limit tribal sovereignty. Unless a treaty or federal statute removes a power, however, the tribe is assumed to possess it. [34] Current federal policy in the United States recognizes this sovereignty and stresses the government-to-government relations between the United States and Federally recognized tribes. [35]
A provision that gave Smith's cabinet the power to bypass the legislature and rewrite laws as it saw fit was deleted. ... The Sovereignty Act was one of the most eye-catching policies Smith ...
In the context of British taxation of its American colonies, the slogan "No taxation without representation" appeared for the first time in a headline of a February 1768 London Magazine printing of Lord Camden's "Speech on the Declaratory Bill of the Sovereignty of Great Britain over the Colonies," which was given in parliament. [2]
Last week, Con Ed announced it was asking state regulators to hike its electric bills by an average of 11.4% and gas bills by 13.3% starting on Jan. 1, 2026, citing the need to raise revenue to ...