FOX Translator
No data currently available.
No data currently available.
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.
Home
Wednesday, July 09, 2008
U.S. Senate Votes in Favor of H.R. 6331
Comtex
ALEXANDRIA, Va., July 9, 2008 /PRNewswire-USNewswire via COMTEX/ ----Bill Includes Three Provisions That Protect Patient Access To Community Pharmacies
The U.S. Senate today voted by unanimous consent in favor of H.R. 6331. The Medicare Improvement for Patients and Providers Act of 2008 contains three critical provisions for community pharmacies: accelerated reimbursements for Medicare Part D claims, delayed cuts to Medicaid generic prescription drug reimbursement, and suspension of the flawed Medicare DMEPOS (durable medical equipment, prosthetics and supplies) competitive bidding program. In response Bruce T. Roberts, RPh, executive vice president and CEO of the National Community Pharmacists Association (NCPA), issued the following statement:
"Community pharmacies across the country applaud the U.S. Senate for voting today in favor of patient access to life-saving prescription drugs and counsel from their pharmacists.
Those Senators who voted today now represent a veto-proof majority. We urge President Bush to recognize the importance of this legislation and quickly sign it into law."
The National Community Pharmacists Association, founded in 1898, represents the nation's community pharmacists, including the owners of more than 23,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains dispense nearly half of the nation's retail prescription medicines. To learn more go to www.ncpanet.org.
SOURCE National Community Pharmacists Association
http://www.ncpanet.org/
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
FOX Business Tools
Sponsored By
