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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Friday, August 15, 2008
Obama Confirms Relationship With Red Mentor
Comtex
WASHINGTON, Aug 15, 2008 /PRNewswire-USNewswire via COMTEX/ ----AIM Vindicated in Reporting on Frank Marshall Davis
Accuracy in Media editor Cliff Kincaid said that coverage of the Obama campaign's fierce attack on Jerome Corsi's book, The Obama Nation, misses the point that the campaign has finally acknowledged that the mysterious "Frank" in Obama's 1995 book, Dreams From My Father, is in fact the Communist Party USA (CPUSA) member Frank Marshall Davis.
"This identification by AIM and others hasn't been disputed by the media, which has desperately tried to ignore the Obama-Davis relationship, but the Obama campaign has not responded to it until now," Kincaid writes in a new column posted at www.aim.org.
Kincaid writes that, "The admission that Obama's mentor was Frank Marshall Davis, an identified CPUSA member, can only add to growing public concern about Obama's relationship with a Communist pawn of Moscow who was the subject of security investigations by the FBI and various congressional committees which examined Soviet activities in the U.S."
Kincaid notes that a 40-page Obama report that is intended as a "rebuttal" to Corsi's book makes no admission that Davis was a communist and doesn't dispute anything Corsi documents about Davis's membership in the Communist Party. Instead, Kincaid notes, the report attempts to play down instances in which Obama soaks up Davis's anti-American thoughts and pro-communist "poetry."
Kincaid praises Corsi's book, saying, "It is clear that Corsi is to Obama what the National Enquirer is to admitted adulterer and liar John Edwards. The Enquirer exposed Edwards' secret life when the rest of the media were refusing to investigate the candidate and making fun of the Enquirer."
AIM confirmed the identity of Frank Marshall Davis and his relationship with Obama last February.
Accuracy in Media is a citizens' media watchdog organization whose mission is to promote fairness, balance, and accuracy in news reporting. Founded in 1969, AIM is the oldest non-profit press watchdog group in America. For more information, please visit www.aim.org.
To arrange an interview with AIM editor Cliff Kincaid, contact Sarah Schaerr Norton at (202) 364-4401 ext. 107 or Elizabeth Jenkins at (202) 364-4401 ext. 110.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Cliff Kincaid
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=60942
SOURCE Accuracy in Media
http://www.aim.org
Copyright (C) 2008 PR Newswire. All rights reserved
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