Tuesday, September 06, 2016

A Healthy Difference

Maya Devi Hospital
Making women’s and children’s health care a reality

If you live in the Calgary area, please join me at this event on September 30, 2016. 
Call (403) 475-0160

Located in northern India, our hospital began as the dream of a woman named Maya Devi, a resident of the village.

Seeing the health challenges many women faced – particularly during pregnancy – she often spoke about the day there would be a hospital in the community that would save them the long, arduous and expensive trip to the city to seek health care. 

Her children turned that dream into reality. They set up foundations in India (MOTHER Foundation) and Canada (CHILD Foundation) to raise money to build and operate the hospital. With the support of Rotary International, plus corporate and private donors, these organizations constructed a 20-bed charitable hospital on the grounds of what had once been Maya Devi’s family home.

Patients visiting doctor at the hospital
Since its opening in October 2011, the Maya Devi Hospital has transformed the community of Sarurpur and region – an area with a combined population of more than 50,000. The hospital offers health care and health education to women and children in the community. The hospital now has a reputation for outstanding service, and attracts patients from communities quite a distance away. Although the hospital’s primary focus is to care for women and children, it does not refuse assistance to anyone.

On Friday, September 30th, CHILD Foundation will host its fourth annual Maya’s Dream celebration in support of the hospital. The event will begin at 6:30 pm at Magnolia Banquet Hall, 5075 Falconridge Blvd. N.E., Calgary. Like our previous events, it will be a memorable and inspiring evening. There will be a reception and dinner, a silent auction, and multi-cultural entertainment. CHILD Foundation’s principal fundraiser, this single event pays for the lion’s share of hospital operations each year.

The hospital is a vital part of the community. We aim to provide the best care possible, and to deliver it in a cost-effective manner. This past year through the generosity of Rotary, we have raised the necessary money to purchase an x-ray machine which will enable the medical staff to carry out and read x-rays on-site and make timely diagnoses. In the past, patients had to make a long trek to the city to have this procedure done. Because of widespread poverty in the area, many patients didn’t have the tests done either because of transportation challenges or because of the cost.

Maya Devi’s health and awareness programs for the community continue to be much in demand. Medical staff directs these programs, and they take place in a safe setting on hospital grounds. Those who attend are given handouts to take home to share and discuss with their families.

CHILD Foundation, MOTHER Foundation, and Rotary International (with financial assistance from the Alberta Government’s Community Initiatives Program) are implementing a clean water and sanitation project for the community. This project is one of our initiatives to make the community a healthier place to live, farm, and do business.  

Thursday, August 04, 2016

Tech Talk: The Ichimoku Cloud

By Peter McKenzie-Brown
Japanese journalist Goichi Hosoda developed the ichimoku cloud and published the idea in the late 1960s. It interprets information taken from candlestick charting.

The body of this chart suppresses all the usual indicators I use, to highlight the Ichimoku cloud, which is what I want to illustrate. The cloud itself consists of pink and green patterns, but it also has indicator lines in blue, red and green.

In this case, it applies to Fossil Group Inc. (FOSL), the purveyor of consumer fashions and accessories under labels such as Fossil, Diesel, Adidas and Burberry. Since October 2014, its share price has dropped by more than $100 – $60 since last August. Today the share has a price-to-book of 1.5, and a 20-per-cent return on equity. In fundamental terms, that makes it quite attractive.

Full disclosure: I recently bought some, based on the stock’s double bottom (share prices are now trading through the resistance they established last January 20th) and the little green cloud on the far right of the chart.

The trend is up when prices are above the cloud’s future-based projection, down when prices are below the cloud and flat when they are in the cloud itself. The cloud is the most prominent feature of the Ichimoku Cloud plots.

There are two ways to identify overall trend using the cloud. The trend is up when prices are above the cloud, down when prices are below it and flat when prices are within. Techies see the uptrend as stronger when the green cloud line is rising and above the red cloud line. This situation produces a green cloud. Conversely, they worry when the green line is falling and below the red line – a situation which produces a pink cloud. Because the cloud projects activity 26 days into the future, it offers a glimpse of future support or resistance. In this case, the green cloud seems to suggest that prices are about to rise. 

Of course, I could be wrong. I never make buy or sell recommendations.