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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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Saturday, August 02, 2008
Skin Health: Priceless
Comtex
SAN FRANCISCO, Aug 02, 2008 /PRNewswire via COMTEX/ ----A record number of dermatologists belonging to the Women's Dermatologic Society (WDS) have taken action to combat skin cancer by volunteering 3,500 hours of their time in 61 cities since 2004.
WDS reports that an unprecedented number of its 1,600 members volunteer to promote skin health awareness. This effort mirrors the national skin cancer screening initiative of the American Academy of Dermatology.
WDS formally integrated community service into its mission in 2004. Guided by the principle that protected skin is healthy skin, and healthy skin is beautiful skin, WDS dermatologist members routinely take time out of their offices to educate people of all ages and skin types. This philosophy echoes the standard of excellence in patient care practiced daily by its physician membership.
Through two award-winning WDS community service campaigns, Families Play Safe in the Sun and Play Safe in the Sun, the following results have been achieved:
-- 534 volunteers representing WDS have participated in 61 weekday and weekend outreach events.
-- Board-certified dermatologist members have provided a total of 5,227 free skin cancer screenings and volunteers have conducted 7,363 sun damage assessments.
-- Thousands of schoolchildren, family members and outdoor enthusiasts have benefited from one-on-one interaction with dermatologists and from bi-lingual sun safety education offered through these programs.
At a time when skin cancer rates are rising among younger populations, WDS members at all stages of their careers donate their time to educate. These free screenings can save lives, as evidenced by the large number of skin cancers identified at each event. "When we serve others by heightening awareness, the result is priceless," comments Suzanne M. Connolly, MD, WDS President and Assistant Professor of Dermatology, Mayo Clinic Arizona.
Dermatologists continue the crusade offering various screenings nationwide. To find free skin cancer screenings in your area, visit www.womensderm.org, www.playsafeinthesun.org, www.aad.org, and www.asds.net.
The Women's Dermatologic Society supports the careers and professional development of women dermatologists. The mission of the Women's Dermatologic Society is to help women in dermatology achieve their greatest personal and professional potential by striving to foster, promote, and support women's issues in dermatology; identify, train, and recognize women leaders in dermatology; provide a forum for developing relationships and the exchange of ideas and research relevant to women's issues; and promote the highest possible standards of ethics, research, patient care and education, as well as public education.
SOURCE Women's Dermatologic Society
http://www.womensderm.org
Copyright (C) 2008 PR Newswire. All rights reserved
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