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Rob Ford's Toronto

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the lemur said:
Not sure why that's his gambit, but I don't think Doug's definition of 'progressive' (which to much of Ford Nation is supposedly a code word for 'socialist' and so on) means much. Remember when he tried to talk up Rob to the US media by calling him a 'huge social liberal' who 'loves Obama'? Which Rob promptly denied.
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He basically says whatever rolls of his tongue and what he thinks someone wants to hear at that very moment.

I remember during the 2010 election Doug was asked by local media if Rob's rise in the polls could have anything to do with the Tea Party's rise in the US? Doug replied that he hoped so and that Tea Party politics was welcome in Canada.
 
casita said:
Our tax dollars in action.
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More like Deco dollars. Since only net revenues are going to the hospital (citation needed) the whole point of this exercise is to recover the wholesale cost of all the unsold dolls.

Looks like the bulk cost of a packaged and shipped bobblehead is somewhere in the $8-10 range. Assuming that they have 500 or so dolls left in the closet that's $5,000 in sunk costs to recover. Now it's entirely possible that the campaign is actually buying them under commercial terms from DECO, who has tacked, say, a 100% markup on the items. Add on some extra costs like website management and storage and you're at <$10 proceeds per doll. Clear out those 500 and you'll net $5,000 for the hospital... but make it a personal donation and Rob or Doug can claw back $2,000.
So, now instead of sending $5k of unsold inventory to landfill you've recovered the $5,000 in sunk costs, generated $5,000 in profit for DECO and dumped $2,000 into Rob's pocket. Plus, he pulled in a $700 salary for today so not bad for about two hours of work.
 
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animatronic said:
Since only net revenues are going to the hospital (citation needed) the whole point of this exercise is to recover the wholesale cost of all the unsold dolls.
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Citation:

"Net proceeds from the sale of these bobbleheads will benefit Mount Sinai Hospital and Humber River Hospital in Toronto."
http://robfordbobblehead.ca/about

I didn't study Economics in high school, so I had to look it up.

DEFINITION of 'Net Proceeds'

The amount received by the seller after all costs and expenses are deducted from the gross proceeds arising from the sale of an asset. Depending on the asset sold, such costs may either account for a marginal percentage of the gross proceeds, or a substantial percentage of it. Capital gains taxes are generally paid only on the net proceeds of a sale, rather than the gross proceeds.
http://www.investopedia.com/terms/n/netproceeds.asp
 
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