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Disney CEO Bob Iger pushed back on reports of worrisome drops in Disney World attendance, claiming that foot traffic is down because of difficult comparisons with 2020, when Florida’s lax COVID restrictions sparked an unusual boom at the theme park.

“Florida opened up early during COVID, and it created huge demand. It didn’t have competition because there were a number of other places — states — that were not open yet,” Iger said during a televised CNBC interview on Thursday.

Since 2019, lines for attractions at Magic Kingdom, Disney’s most-visited park, have gotten increasingly shorter, it was reported this week. Average wait times fell from 47 minutes per ride in 2019 to 31 minutes in 2022, according to The Wall Street Journal.

So far this year, lines at Magic Kingdom are averaging 27 minutes, according to The Journal. Shrinking wait times are also reportedly a trend that are apparent at EPCOT, Hollywood Studios and Animal Kingdom.

In response, Iger told CNBC that in 2020, “Florida was the only game in town,” suggesting that wait times have dropped because “there’s much more competition today” and he’s “not at all concerned” that attendance would continue to drop and affect business over time.

CNBC interviewer David Faber asked the Mouse House boss if the company’s warring lawsuits with Gov. Ron DeSantis could be impacting attendance.

“No,” Iger said definitively. “We see no sign of that at all.”

Iger also said that The Journal’s report of declining attendance failed to take into account that Orlando, Fla.’s temperatures soar “to about 100 degrees and 99% humidity” in the summer.

He added that Independence Day’s figures are “inaccurate” measures of year-over-year declines as it only accounted for a single day.

“We do not have long-term concerns about that business,” Iger added of the Orlando theme park.

Orlando’s Walt Disney World closed its doors for COVID on March 16, 2020, and was permitted to reopen just four months later, in July of 2020.

For reference, California officials didn’t allow Disneyland’s West Coast park to reopen until April 30, 2021, more than one year after its initial closure.

July 4 attendance at Disney was particularly dismal, The Journal found.

Disney’s Hollywood Studios, which features Disneys Star Wars attractions, saw its third-slowest day of the past year on the Fourth of July.

Jaime Brown, a Walt Disney World annual pass holder who lives in Celebration, Fla., told The Wall Street Journal that she visited all four of the resorts theme parks during the week of July 4.

Brown said that she managed to easily patronize attractions that are normally in high-demand such as Spaceship Earth and the Topolinos Terrace restaurant.

I couldnt believe how light the crowds were, Brown told The Journal.

The Post has reached out to The Walt Disney Company for comment.

Travel agents have attributed Disney’s pricing model, in part, for its dwindling attendance.

Ticket prices surged in early December — and the cost of entering Magic Kingdom around the holidays nearly doubled.

Despite generating a whopping $28.7 billion in revenue and $7.9 billion in profit for fiscal year 2022 — topping the company’s pre-pandemic performance — Iger upped one-day tickets to any of its four Orlando theme parks from $109 to anywhere between $124 and $189 depending on date and demand.

Three of Disney’s annual passes also got a price increase.

The Incredi-Pass increased to $1,399 from $1,299 and the Sorcerer Pass went from $899 to $969. In addition, the PiratePass will cost $749, up from $699, while Pixie Pass prices remain at $399.

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Politics

The lesson of El Salvador’s failed Bitcoin experiment

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The lesson of El Salvador’s failed Bitcoin experiment

The revolution is dead in El Salvador. It’s a lesson for developing nations who aim to seek out economic autonomy by making crypto legal tender.

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UK

Nottingham killer allowed to avoid vital medication because of ‘fear of needles’ claim, report reveals

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Nottingham killer allowed to avoid vital medication because of 'fear of needles' claim, report reveals

The man who killed three people on the streets of Nottingham was allowed to avoid taking long-lasting antipsychotic medication because he did not like needles.

An independent review also reveals that Valdo Calocane punched a police officer in the face and held his flatmates “hostage”.

He frightened one neighbour so much, she jumped out of a first floor window and seriously damaged her back.

Mental health staff did not visit his home alone.

Calocane, who had been diagnosed with paranoid schizophrenia, was sentenced to an indefinite hospital order after killing 19-year-old students Barnaby Webber and Grace O’Malley-Kumar, and 65-year-old caretaker Ian Coates, before attempting to kill three other people in June 2023.

NHS England initially planned to release only a summary of the report because of data protection laws, but reversed its decision “in line with the wishes of the families”.

Grace Kumar, Barnaby Webber and Ian Coates
Image:
Grace Kumar, Barnaby Webber and Ian Coates

Those relatives say the revelation that Calocane was refusing his meds shows he may have been “spared prison on the basis of incomplete evidence”.

Nottingham attacks: Timeline of missed opportunities to stop killer Valdo Calocane
Warning over Nottingham killer years before attack was ‘another kick to the teeth’

Prosecutors accepted a plea of manslaughter after experts agreed his schizophrenia meant he wasn’t fully responsible for his actions.

But in a statement, the families said: “This was a man who actively avoided his medication and treatment, knowing that when he didn’t take his medication he would become paranoid and violent.

“He was responsible for his actions and was allowed to make these decisions by his treating teams, but yet when he came to court, we were told a very different story.”

A “theme” running through Calocane’s clinical records is that he “did not consider himself to have a mental health condition”, the review found.

That meant the importance of medication “never appeared to be understood” by him.

The report detailed four hospital admissions between 2020 and 2022 and multiple contacts with community teams before he was discharged to his GP because of a lack of interaction with mental health services.

Investigators found that “the offer of care and treatment available for VC (Valdo Calocane) was not always sufficient to meet his needs” and this was “not unique” to his case.

Health officials have admitted it is “clear the system got it wrong”.

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‘Monster’ beat top chef to death
Family of Sheffield school stabbing victim ‘utterly heartbroken’

Dr Jessica Sokolov, regional medical director at NHS England (Midlands), said: “It’s clear the system got it wrong, including the NHS, and the consequences of when this happens can be devastating.

“This is not acceptable, and I unreservedly apologise to the families of victims on behalf of the NHS and the organisations involved in delivering care to Valdo Calocane before this incident took place.”

Claire Murdoch, NHS England’s national mental health director, added: “Nationally, we have asked every mental health trust to review these findings and set out action plans for how they treat and engage with people who have a serious mental illness, including how they work with other agencies such as the police.

“And we’ve instructed trusts not to discharge people if they do not attend appointments.”

The report, which found Calocane’s risk “was not fully understood, managed, documented or communicated” should be a “watershed moment”, a mental health charity boss has said.

Marjorie Wallace, chief executive of mental health charity Sane, said there had been “one hundred such inquiries in the last 30 years”.

She added: “Today’s findings expose the same flaws and fault lines that have resulted in tragedies, yet little seems to have changed.”

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Technology

Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates

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Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates

FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 

Raquel Cunha | Reuters

Japan’s Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, while announcing that it will set up a new company in China to make electric vehicles as it plays catch up with automakers focused on EVs. 

Here are Toyota’s results compared with estimates from analysts, compiled by LSEG.

  • Revenue: 12.39 trillion yen vs. 12.1 trillion yen
  • Operating profit: 1.22 trillion yen vs. 1.39 trillion yen

The world’s largest automaker by sales volume saw a nearly 28% year-on-year drop in operating profit during the quarter ended December.

The results mark Toyota’s second consecutive year over year decline in operating profit after the company saw profit fall 20% year over year in the previous quarter.

Net income attributable to the company, however, jumped to 2.19 trillion yen from 1.36 trillion yen a year ago.

The automaker’s consolidated vehicle sales for its financial third-quarter dropped to 2.44 million from 2.55 million units a year ago.

Still, Toyota maintained its full-year dividend forecast at 90 yen, compared with a dividend payout of 75 yen a year earlier.

Toyota said it will establish a wholly-owned company for the development and production of Lexus BEVs and batteries in Shanghai, China. The new company is expected to start production in 2027.

Toyota shares rose over 1% in Tokyo on Wednesday.

The company saw its operating profit drop in the key North America region by 113.7 billion yen in the December quarter, year on year, while it declined by over 46 billion yen in Asia. 

Toyota has been slower than competitors at embracing fully battery-powered electric vehicles, and instead has focused on hybrids, according to local reports.

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