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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, July 25, 2008
RNC Launches New Radio Ad in London, USA: 'Obama Chooses Washington Over Our Military'
Comtex
WASHINGTON, July 25, 2008 /PRNewswire-USNewswire via COMTEX/ ----The Republican National Committee (RNC) today announced a new radio ad buy for "Obama Chooses Washington Over Our Military." As Barack Obama travels to London, England, the radio ad will remind voters in London, Ohio, and London, W.Va., that Obama's politically expedient record has consistently put politics before the needs of our military.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/RNCLOGO )
To listen to the RNC's new radio ad, click here: http://www.youtube.com/watch?v=UTCwKYQOGHs.
Title: "Obama Chooses Washington Over Our Military"
:60 Radio Advertisement
There are few votes as important as funding our men and women in uniform.
But when our military needed necessary resources, Barack Obama failed to stand up.
Obama said that nobody wanted to play chicken with our troops on the ground.
But when it came time to act, he voted against critical resources: no to individual body armor, no to helicopters, no to ammunition, no to aircraft.
The bill Obama opposed even had funding for veterans' medical facilities and rehabilitation programs.
And why did he say no?
Obama chose Washington politics over the needs of our military.
And Senator McCain?
As a veteran and someone who has always put the public interest first, John McCain stood by our troops.
If Obama can't rise above politics to support our soldiers in a time of war, then how can he claim to have the strength to change the way Washington works?
John McCain is ready to lead. Barack Obama is not.
-Disclaimer-
BACKUP RESEARCH:
Obama Said That Congress Would Provide Funding For Troops:
"'I Think That Nobody Wants To Play Chicken With Our Troops On The Ground,' Said Obama." (Mike Glover, "Obama Says Congress Will Fund Iraq War After Expected Bush Veto," The Associated Press, 4/1/07)
-- Obama: "[W]hat you don't want to do is to play chicken with the President, and create a situation in which, potentially, you don't have body armor, you don't have reinforced Humvees, you don't have night-vision goggles." (CNN's "Late Edition," 4/1/07)
But Obama Voted Against An Emergency Spending Bill That Provided Funding For Troops In Iraq And Afghanistan:
Obama Voted Against Providing $94.4 Billion In Critical Funding For Troops In Iraq And Afghanistan. (H.R. 2206, CQ Vote #181: Passed 80-14: R 42-3; D 37-10; I 1-1, 5/24/07, Obama Voted Nay)
Paid for by the Republican National Committee.
310 First Street SE, Washington, D.C. 20003 - (202) 863-8500 - www.gop.com
Authorized by John McCain 2008, Inc.
SOURCE Republican National Committee
http://www.gop.com
Copyright (C) 2008 PR Newswire. All rights reserved
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