Home
Friday, August 01, 2008
U.S. Conference of Mayors President Miami Mayor Manny Diaz to Address the National Press Club
Comtex
WASHINGTON, Aug 01, 2008 /PRNewswire-USNewswire via COMTEX/ ----LUNCHEON SPEECH MONDAY, AUGUST 4th, 2008
U.S. Conference of Mayors President Miami Mayor Manny Diaz will address the National Press Club in Washington, D.C. on Monday, August 4th to challenge the next Presidential Administration to invest in solutions to the growing problems that threaten America's cities and metropolitan areas -- the economic engines of the nation, accounting for 86 percent of the Gross Domestic Product.
Mayor Diaz, the newly-elected President of the mayors' organization believes, "National problems demand national investments."
Diaz will also highlight the launch of a series of Mayors '08 Action Forums, a national effort in Philadelphia, New York, Los Angeles, Chicago and Miami, where mayors will meet in each location to forge an action agenda for cities to be presented to the next President of the United States during the critical first 100 days of the new administration. Diaz has referred to this national effort as the "third campaign" of the political season.
Beginning in Philadelphia on August 6 and ending in Miami on October 2, the Action Forums will focus on areas that mayors believe are in need of significant national investment:
Philadelphia - Crime & Public Safety (August 6)
New York - Infrastructure (August 14)
Los Angeles - Poverty (September)
Chicago - Arts (TBD)
Miami - Environment (October 2)
WHO:
Miami Mayor Manny Diaz, U.S. Conference of Mayors President
Tom Cochran, U.S. Conference of Mayors CEO and Executive Director
WHAT:
LUNCHEON ADDRESS
WHEN:
Monday, August 4th at 12:30 p.m.
WHERE:
National Press Club
529 14th St. NW, 13th Floor
Washington, DC 20045
CONTACT: Elena Temple, +1-202-861-6719, etemple@usmayors.org, or Carlos Vogel, +1-202-257-9797, cvogel@usmayors.org, both of the U.S. Conference of Mayors
SOURCE U.S. Conference of Mayors
Copyright (C) 2008 PR Newswire. All rights reserved
FOX Translator
No data currently available.
No data currently available.
No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.
