Saturday, October 8, 2011

Taiwan's 'Good Karma Animals' Wreak Havoc


Making Mischief instead of Merit

In Taiwan, the faithful annually release some 200 million animals into the wild, or think they do, in an effort to accumulate good karma. However, it’s actually taking a frightful toll on both animal rights and the island's biodiversity.

Across much of Asia, particularly in Buddhist temples, making merit has been described as a kind of bank account of good deeds laid up to move the individual along the path to successful reincarnation. However, the increasingly wealthy Taiwanese seem to have carried it to extremes, releasing animals in batches of hundreds or even thousands, to the increasing detriment to the environment.

The merit-maker buys a presumably wild creature at the closest temple and sets it into the air or drops it in a nearby river. Often in business cooperation between temples and animal dealers, the creatures are either smuggled in from overseas, caught in the wild or bred for the purpose.

However, the term “biotic homogenization” describes a major environmental nightmare that the Taiwanese are helping along. Occurring on a global scale, species are transported to spots they would never have reached on their own. Released into the wild either accidentally or deliberately, most plants and animals die soon after, but a few manage to conquer their new ecosystems, sometimes causing extinction among indigenous species. Whereas elsewhere abandoned or escaped pets give environmentalists headaches, in Taiwan, it is these prayer animals.

Organized by temples or individually and aggressively marketed by “animal release groups” touting miracle healing, animals both local and exotic are released. Yet while believers might feel psychological relief as a reward for their supposedly good deed, they hardly question what happens to the creatures both before being sold and after their release.

Bruno Walther, a visiting assistant professor for environmental science at Taipei Medical University, shed light on what's in store.

“If caught in the wild, many will die during capture or transport,” Walther said, adding that in Taiwan, birds are mostly caught in farming areas in order to protect produce.

“Farmers erect nets on poles up to 3 meters high; birds caught end up on the dinner table or sold to the animal release industry, and if not, they die as slowly as Jesus on the cross.”

Prayer animals bred in captivity, which in Taiwan are usually foreign turtles and fish, usually die upon release as they are unable to find food in their new environment or fall victim to predators, Walther said.

However, a few exotic creatures that are canny enough do make it. Walther himself is credited for having co-discovered and traced one species that is apparently in the process of invading Taiwan's ecology. The Red-whiskered Bulbul, a medium-sized songbird, is widespread on the Indian subcontinent and Southeast Asia but does not occur naturally in Taiwan. Yet, popular with temple-goers for release during religious ceremonies, this invader threatens other species through competition for food.

Another problem is that the invasive species, if closely related to endemic ones, may swamp their genetic pool through a process called hybridization. The introduced Chinese Bulbul, for instance, may breed with the Taiwan Bulbul.

“The invasive Bulbul hybridizes with the local ones, leading to genetic extinction,” Walther said. He also pointed at the Chinese Huamei, a songbird that is mingling with its Taiwanese counterpart.

Another intriguing political metaphor includes Taiwan’s national bird, the Blue Magpie, which was about to unify with the Chinese Magpie to end up as the Taiwan-Chinese Magpie. However, in this case, particularly swift action was taken by Taiwan's Endemic Species Research Institute, which ruthlessly eliminated the foreign invader.

Another bird, the Crested Myna, doesn't fare much better. A member of the starling family, the species was Taiwan's only myna, but now there are five others, all competing for nesting sites and feeding grounds.

Invasive species are also to blame for concrete economic losses. Taiwanese environmental groups charge that the ceremonial release of tons of fish into the island's reservoirs causes fish to die of lack of oxygen, with the dead fish in turn poisoning the drinking water. Prayer animals may also transmit serious diseases. Scientists are very concerned that transporting birds can spread serious diseases such as avian influenza, which has been spreading throughout Asia and the world since 2003.

Walther also pointed at examples such as the Zebra mussel from the Caspian Sea which in the late 1980s was accidentally introduced into North America’s Great Lakes and within 10 years cost US$5 billion to control. There was also the “Taiwanese snail disaster” which came about in 1979, when the Pomacea canaliculata, or channeled apple snail, was introduced from Argentina. The exotic snails failed to appeal to Taiwanese taste buds and ended up escaping into the wild, only to develop into an invasive “winner” species, causing significant damage to rice paddies and aquatic plants ever since.

Taiwanese environmentalists have long complained that temples and religious groups organizing ceremonial releases generally refuse to be studied. Temple records remain off-limits to researchers. The scientific world thus must make do with either observations in the wild or surveys of the Taiwanese population.

Surveys carried out by L.L. Severinghaus and L. Chi in the late 1990s showed surprisingly that those who engage in the activity are not necessarily followers of Buddhism and Taoism – both of which decree that releasing animals back to nature is one of the ways to garner good karma – but that religious backgrounds are diverse: 29.5 percent of respondents of all religions said that they occasionally participate. The surveys furthermore found that women with lower education, who are financially well-off, who run their own business and who believe that released animals can survive in the wild are most likely to participate. Another survey targeting temples and the animal release industry carried out by the Environment and Animal Society of Taiwan in 2004 showed that 24.1 percent of temples and religious institutions provided animal releasing services, and that 60% of bird retailers sold birds specifically for the purpose.

Moreover, it was found that orders are commonly received in advance for specific types of birds so that the animals, which may go for as little as US$.50¢ if bought in quantities of a few hundred, could be caught or reared in advance.

Although these findings are a few years old, scientists hold that it's safe to presume that the data is current, mainly because although Taiwan enacted a wildlife conservation law in 1989, laws on exotic species, let alone law enforcement, are virtually non-existent. Scientists agree that this is not likely to change any time soon.

“Taiwan has very few related laws, and those in place are laxly enforced. Going against prayer animal release is particularly difficult as it almost inevitably pits religion against animal rights and biodiversity protection,” Walther said. He added that many temples are run like businesses needing to make a profit, and that it does not help matters either that the Taiwanese public generally doesn't know whether species are exotic or not.

The island's celebrities are certainly not helpful, either. Recently, Sisy Chen, an influential TV talk show host, published an article in which she described how someone she knew was cured of insomnia after having released 14,000 kg of fish into a reservoir.

Apart from the strengthening and enforcement of regulations and the implementation of educational and awareness campaigns, Walther recommended a cultural approach.

“The Taiwanese burn ghost money as an offering to their deceased ancestors. This ghost money isn't real money. I suggest real prayer animals could be replaced with paper animals. But, of course, the paper should be biodegradable.”

FKLI:- The Rebound Is Weak - 10/10/2011



Even though I expected the market would probably whip first before we can see a new direction and therefore I had set the stop a little lower, but it was still taken out on last Monday. I did not engage any new shorts because the Stochastic failed to confirm the down move. I have instead re-engaged new buy again on Tuesday when price closed above the lower band. As I noted here last week, I am not too bullish about the current move except taking it as merely a technical rebound in a dominating bear market.

As at now both the Stochastic and MACD are positive and continue to rise. The ADX has started falling from above the DMI which is confirming the end of prior bear trend (at least for the present time being). The DMI remains negative and the MACD is relatively "far" from its zero line. Price failed to secure above the middle band which is the important 20 periods moving average. So you should  not get too excited over the current move. Place stop at 1360.



 

The weekly chart's MACD continues to fall and it is backed up by a rising ADX which is now at 32's. This is confirming the bear trend is still intact and remain strong. The Stochastic has turned positive but remain below its 20's signal line. Meanwhile price stays below the lower band. Both these are not offering any initial reverse signal.

The market has been playing on the new budget goodies, but it turns out to be not as excited as everybody thought. So maybe you should think of "buy on rumors, sell on the news" ? Meanwhile the Euro crisis continues to play out and no concrete solution has been found. 
KCPO:-  Divergence Gone So I Am With The Bears- 10/10/2011



The bear gathered strength and pushed prices through the support level. Again a real time lesson to be learnt here:- though the Stochastic reached the "oversold" zone by last Monday, but it did not stop the market from losing another 130+ points in a week. You should take note that the falling MACD is being backed by a rising ADX. This is confirming a strong trend has already developed.  You should take note of the expanding Bollinger Band as a confirmation of trend. As long as the ADX stays rising, I would stay on the side of the bear. Place stop at 2850 or last 2 days low plus 3 points.



 
The weekly chart is reaffirming the bear as the Stochastic has turned negative again.This is coinciding with the negative and falling MACD, negative and expanding DMI. The ADX is still rising and prices go lower below the bottom band. All these are confirming the bear is strong.

The bullish divergence is now erased off. So I am firmly on the bear side now. 




Wednesday, October 5, 2011

The New Republican Superstar - 
Rick (You Nigger) Perry 








If you thought the prospect of Chris Christie entering the race or Rick Perry’s weak debate performances have him in trouble, you haven’t seen anything yet.

Rick Perry owns a family hunting camp that was once called “Niggerhead,” and he is in the middle of a deep controversy because of it.

What makes it even worse is that Perry only decided to care about the name given to the camp when it became politically inconvenient to do otherwise.

If you thought the prospect of Chris Christie entering the race or Rick Perry’s weak debate performances have him in trouble, you haven’t seen anything yet.

Rick Perry took over the lease on his family’s hunting camp in rural Paint Creek, Texas, and at that time a rock which served as a greeting of sorts to the entrance of the camp included the name “Niggerhead.” 













Tuesday, October 4, 2011

 Not Everybody On Wall Street Is A "Fat Cat"












Sunday, October 2, 2011

FCPO:- Are The Bears Gaining Ground ? - 10/3/2011

 


The market broke down below its recent support but yet did  not actually went anywhere far before recovering some lost ground. But yet I need to see it going back above the lower band to say the bear has gone away. The Stochastic remains negative but seem to be trying to get back up. The MACD is negative and still falling. The ADX has risen to 20's. It is important for prices to hold around this level in order for the bull to stage a comeback. Otherwise, I would fall over to the bear camp soon.

Place stop at 2949 if you had sold . And watch 2955 as a strong resistance.

At the moment, another interesting picture may be in development here. Though prices have again gone to a new low, but the MACD has NOT followed suit. Thus it may be forming another bullish divergence. And this time it is formed nearer to the zero line. Unless prices start to collapse again and erases off this divergence, I remain increasing bullish about this market.

 

The weekly chart is still giving us all the contradicting signals as the Stochastic is still rising while the MACD remains falling. Prices have now gone below the lower band with ADX resuming its ascent. I would afvor the sell side a bit more for now.

Since the daily and weekly charts seems to favor the bear a little over the bull at the moment,
I would opined that staying on the side of selling seems to be the more prudent action for now. BUT you should watch out for a possibility that the bulls may lurch back and tear the bears in sheds. Summarily - trade smaller contracts until we see a clearer picture.




FKLI:- The Awaited Rebound Arrived But For How Long ? - 10/3/2011

 



The market crashed into another new low on last Monday before staging a rebound. You would have closed off the shorts position by latest on Wednesday. An initial buy signal flashed on Thursday when price closed above the lower band with a positive Stochastic crossing above its 20's signal line. The MACD is turning around but remain negative. With Last Friday's DJIA dropping 200+ points, it would be natural that FKLI will follow suit on the coming Monday. But since the Stochastic remains positive and rising, instead of placing stop at the lower band of 1375 minus 2 points, I would place stop a little further at Thursday low of 1351-2 = 1349.
The ADX has turned flat at above the DMI, this is confirming the end of the prior bear trend, at least for this moment.

As I mentioned here for the past 2 weeks, there has been a subtle divergence at the Stochastic, there may be a chance for this market to go a bit higher as a technical rebound. You must remember this is NOTHING more than a technical rebound in a bear cycle. Watch for upside target of 1,400 and 1440.

 

The weekly chart MACD is still falling and it is backed by a rising ADX. The rising ADX is telling us the current bear trend has not finished yet. The Stochastic has a positive cross and heading up. If when it is able to cross up above the 20's signal line, then maybe we would take a closer look at it again. But for now, the ADX is assisting the MACD bears to go rampaging.

The PIIGs crisis seems to be easing a bit with the Germany's vote last week. But rest assure it has NOT been resolved yet. The global finances continue to be in a crisis mode. You should stay alert and critically digesting every piece of news before deciding the problem is gone. Markets tend to hit us when the masses least expect it. Take gold for example, just when all the "experts' sang in chorus that gold will soon hit 2000+, it whack every one of them on the face. (they blamed it on the increased margins, I would "blame" it on the double tops) You should make use of the rebound and retreat from the equities market and wait for a better level to go back in.