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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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Monday, July 07, 2008
Sony Pictures Classics' The Wackness
Comtex
LOS ANGELES, July 7, 2008 /PRNewswire via COMTEX/ ----
Winner - 2008 Sundance Audience Award Winner - 2008 Los Angeles Film Festival Audience Award
Currently in theaters in New York and Los Angeles, expanding to select markets July 11th and July 18, nationally on August 1
Starring Sir Ben Kingsley, Josh Peck (TV's Drake & Josh), Olivia Thirlby (Juno, Snow Angels), Famke Janssen, Mary-Kate Olsen, Jane Adams & rapper/actor Method Man
Written and directed by Jonathan Levine
It's the summer of 1994, and the streets of New York are pulsing with hip hop and wafting with the sweet aroma of marijuana. The newly-inaugurated mayor, Rudolph Giuliani, is only beginning to implement his anti-fun initiatives against "crimes" like noisy portable radio, graffiti and public drunkenness.
Two people, however, are missing out on the excitement. Luke (Josh Peck) is a socially uncomfortable teenage pot dealer with no friends, issues with his parents, and a whopping lack of confidence with girls. He trades weed for sessions with his therapist, Dr. Squires (Sir Ben Kingsley), whose much-younger wife (Famke Janssen) is slipping away from him. Squires, a drug-addled shrink with a hairline retreating to the back of his neck and a state of mind slouching back to adolescence, is an unlikely role model -- but the two of them forge a friendship based on a mutual need: neither one is getting laid.
The intergenerational duo set off on a crawl that takes them all over New York, where they encounter several of Luke's "business associates," including a Phish-following dreadlocked pixie (Mary-Kate Olsen), a New Wave, keyboard-playing one-hit-wonder (Jane Adams), and Luke's supplier (Method Man). Luke has long had an aching crush on Dr. Squires' way-out-of-his-league stepdaughter, Stephanie (Olivia Thirlby from "Juno"), and is stunned at his good luck when she returns his affections. Luke's innocent first love experience with Stephanie becomes a life lesson that sets him on the pathway towards adulthood. And when Squires breaks down, it is up to the younger man to throw the older one a lifeline.
Propelled by an exuberant hip hop score, "The Wackness" captures the spell of 1994 -- a time of pagers, not cell phones; a time when Tupac and Biggie were alive but Kurt Cobain had just died. Funny and moving, "The Wackness" is an offbeat tale of two lost souls stumbling towards maturity.
http://www.thewackness.com FOR ADDITIONAL INFORMATION, PLEASE CONTACT SHANNON TREUSCH/BETSY RUDNICK AT FALCO INK or LISA DANNA/BLOCK-KORENBROT PR
SOURCE Sony Pictures Classics
http://www.sonyclassics.com
Copyright (C) 2008 PR Newswire. All rights reserved
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