2017-01-07 Sat

Clear Thinking

I have decided to join the crowd and stick as much as possible to gluten-free foodstuffs.

I spent a pleasant half-hour yesterday prowling the supermarket stocking up on gluten-free ice-cream, gluten-free cheese, gluten-free strawberries with some gluten-free cream.

I started feeling so good about my health that I popped in to Bulk Barn on the way home and collected a quarter-pound of gluten-free chocolate covered raisins.

Tomorrow Iím off to Shoppers Drug mart to grab a bottle of gluten-free baby aspirin.

I Have No Idea!

It bugs the heck out of me when people react to a quantifying question with ďI have no ideaĒ.

ďOKĒ, I say, ďLetís say a hundred thousand dollarsĒ.

ďOh No! It wouldnít be that much!Ē.

So, you DO have an idea. You have an upper-bound on the figure, and you have a lower bound on the figure (ďten dollars! Are you CRAZY?Ē)

So in the Toronto Star article ďOnce Upon A City: Free rides led to Torontoís biggest partyĒ I harvested a few top-of-the-head figures for future use.

... on Dec. 31, 1972 and into the first hours of 1973. After all, the party was free, thanks to McGuinness Distillers Ltd., who paid $30,000 to rent every TTC bus, streetcar and subway in Metro Toronto for eight hours.

So back in 1972, the Toronto Transit Commission operating costs were about $30,000 for eight hours, or about $4,000 per hour. Inflationists will comment, I know, so letís say in todayís dollars probably around $10,000 per hour. That is a starting point.

Itís not $100,000 per hour, and itís not $1,000 per hour. It is of the order of $10,000 per hour.

Assuming eighteen hours a day and 365 days a year, we are looking at 65,700.,000 per year.

If I round things up, I might think in terms of $200,000 per day, roughly a million dollars per week.

If I round things up, I might think in terms of $100,000,000 per year.

Then:

McGuinness extended its generosity again the following year, ... McGuinness ... handed over $55,000 to cart an estimated 350,000 revelers around the city that night ...

This works out to about 120,000,000 per year. I rather think that the Toronto Transit Commission had under quoted for 1972 and tweaked their costs for 1973.

Then:

Thirty years later... Capital One credit card company stepped up with $85,000 to offset lost fare revenue for four hours ...

This yields about $195,000,000 per year.

So there you go.

Now you have some idea of the cost of operating the Toronto Transit Commission, subway, streetcar and bus services. Itís ABOUT Two hundred million dollars a year.