Business
Disneyland Receives Final Approval For ‘Greatest Thing’ Since Its Opening.
Disney cleared a major hurdle to start developing a colossal expansion of its Disneyland theme parks on Tuesday night when the Anaheim city council unanimously gave final approval to rezoning much of the property.
Disney’s original resort in California, which comprises a shopping district, parking areas and two theme parks, is about 550 acres, which is less than 2% of the size of Walt Disney World in Florida.
However, with newly approved “multi-use” zoning, Disney can now expand its theme parks in Anaheim without acquiring any new land by building attractions where the company could previously only build hotels or parking lots. This paves the way for a multi-decade project to expand both of its theme parks there: Disneyland and Disney California Adventure.
“For nearly seven decades, Disneyland Resort has made a unique, irreplaceable impact on hundreds of millions of guests from around the world. How exciting to know our best days are still ahead – I can’t wait to show you what’s to come,” Disneyland Resort President Ken Potrock said in a statement Tuesday night.
The project, dubbed “DisneylandForward,” does not require any public funding. While no specific designs have been shared yet, Disney has released concept art for what the expansion could look like on the west side of the resort, in areas surrounding Disneyland Hotel and Pixar Place Hotel.
On Tuesday night, Disney passed a significant hurdle to begin creating a massive expansion of its Disneyland theme parks when the Anaheim city council overwhelmingly approved rezoning much of the property.
Disneyland Receives Final Approval For ‘Greatest Thing’ Since Its Opening.
Disney’s first resort in California, which includes a commercial district, parking lots, and two theme parks, covers approximately 550 acres, less than 2% of the size of Walt Disney World in Florida.
However, with newly authorized “multi-use” zoning, Disney may now expand its theme parks in Anaheim without acquiring new land by creating attractions where the company could previously only build hotels or parking lots. This sets the door for a multi-decade project to develop both of its theme parks, Disneyland and Disney California Adventure.
“For nearly seven decades, Disneyland Resort has had an unforgettable influence on hundreds of millions of visitors worldwide. “How exciting to know that our best days are still ahead – I can’t wait to show you what’s to come,” Disneyland Resort President Ken Potrock said in a statement Tuesday night.
The project, known as “DisneylandForward,” does not require any public support. While no concrete designs have been revealed, Disney has produced concept images for the expansion on the west side of the resort, near the Disneyland Hotel and Pixar Place Hotel.
“This is decades overdue. This, in my opinion, is the most significant thing Disney has done since opening the gates in 1955,” said Dennis Speigel, owner and founder of International Theme Park Services, a global consultant for theme park developments.
Speigel, who is not involved in Disney’s plans, stated that this project could potentially increase Disneyland Resort’s annual visitor count from 25 million to 40 million over the next 20 years.
“You’re going from a two-room house to a five-room house,” Speigel said, adding that the extra space will make visitors more comfortable and increase per capita spending by allowing them to stay longer and experience more attractions.
At a shareholders’ meeting in April, Disney CEO Bob Iger stated that DisneylandForward’s potential new projects might include “the opportunity to embark on all-new Avatar adventures with a visit to the world of Pandora.”
The published concept art for a hypothetical Avatar land depicts a location similar to Pandora at Disney’s Animal Kingdom in Florida, but with tourists on boats in the center of an open lake, reminiscent of the franchise’s second feature, “The Way of Water.”
In a January video, Rachel Alde, Disney Experiences’ senior VP of global development, stated that a 1990s agreement with the city of Anaheim allowed Disney to build 6.8 million square feet of theme park space, but the company has only built 46% of that due to space and zoning restrictions.
“Imagine what we could do with this space.” Currently, there are only surface parking lots. What if we could become the first land-based on Wakanda from the Black Panther franchise? A Zootopia-themed land that builds on the work you saw before at Shanghai Disney Resort. The creation of Arendelle from Frozen is comparable to what you witnessed in our three worldwide parks. Or even the ability to celebrate Dia de los Muertos in a Coco-themed area that reflects the diverse community in Southern California.”
Don Ballard, an author and historian who wrote a book about the ancient Disneyland Hotel, believes the company’s original resort is “ever-evolving.” I mean, technology changes and people’s tastes shift.”
Disneyland Receives Final Approval For ‘Greatest Thing’ Since Its Opening.
Ballard cited Walt Disney’s famous quote: “Disneyland will never be completed.” It will continue to expand for as long as imagination exists in the world.
Todd James Pierce, a Cal Poly San Luis Obispo professor who published the book “Three Years in Wonderland” about the creation of Disneyland, stated that “When Walt was alive, almost every year there was a new attraction, if not multiple new attractions.” He took one hiatus around the World’s Fair since he was busy doing other things. This allows the Disneyland Resort to expand significantly. So if people are fans, there will be something fresh only a short time from now, every year, or every couple of years.
Pierce stated that their chosen concept art is noteworthy because “none of these things are standalone attractions. They’re all 8—to 12-acre themed areas centered on one or more [stories], such as a whole Frozen region.
Ballard, who proposed to his wife at Disneyland, quipped, “It was just me and 80,000 of my closest friends.” And I proposed to her in front of the castle, and four girls behind her said ‘yes.‘”
Pierce stated that opening new lands allows Disney to close existing attractions more easily for redevelopment because passengers can spread out and are not pressed into tight crowds.
Disney theme parks worldwide are known for creating an immersive environment in which visitors leave the “real” world for something fanciful. To do so, one must enter a “Disney bubble,” as fans refer to it, which shields one from the outer world.
However, this proposal will face challenges because some of the properties that could be renovated are separate from the main Disneyland Resort campus. Disney has revealed in concept art that a section of land on the east side, currently used as the Toy Story surface parking lot, may be converted into a mixed-use hotel, restaurant, and shopping complex akin to Disney Springs in Florida.
Pierce explained that getting from the big theme parks to this retail area entails crossing city streets lined with 7-Elevens and CVS drugstores.
The difficulty lies “not in doing what they do really well, which is build themed environments, but figuring out how to connect up this patchwork of property that they’ll now control,” Pierce stated. “Elevated walkways, a people mover system or a Skyliner system (the elevated gondolas), something like that…is probably going to be necessary, otherwise the vacation experience becomes fragmented.”
According to Anaheim’s chief communications officer, Mike Lyster, the DisneylandForward project includes authority for pedestrian bridges over city streets, but anything else would require separate city approval.
Another challenge is ensuring there is ample parking. Disney would be forced to create additional parking facilities elsewhere on the resort grounds by potentially developing theme park lands on top of existing parking lots. Disney has stated that it plans to create a new parking facility on the resort’s east side, including one to three pedestrian bridges and improved entrance accessibility for hotels and businesses along Harbor Boulevard.
Disneyland Receives Final Approval For ‘Greatest Thing’ Since Its Opening.
Tuesday’s rezoning approval will take effect in 30 days. Next, Disney and the city of Anaheim will attempt to finalize a development agreement that will last until 2064.
“This is a significant milestone for the city. “We’re looking at a unique opportunity not only for Anaheim but for the entire state of California,” said Anaheim Mayor Ashleigh Aitken.
Proposed agreements include Disney committing $1.9 billion to the project over the first ten years, $40 million to take over two city-owned streets, $45 million for transportation improvements, $8 million for city parks, and $30 million for affordable housing.
Speigel predicts the corporation would spend over $3 billion, exceeding its initial investment promise.
This expansion initiative follows the company’s previously stated $60 billion investment in its parks and cruises across the world over the next ten years.
According to Aitken, more than half of Anaheim’s general fund comes from tourism revenue. So, the initiative would improve the guest experience and result in significant investment in the city.
She also stated she has been one of the “fiercest critics” of resort area growth, fighting city subsidies and securing construction and hospitality union backing for the initiative.
“And I’m comfortable that the Disneyland team has answered a lot of those concerns.”
Aitken stated that the resulting idea is carefully thought out and a “win-win” for everyone.
SOURCE – (AP)
Business
Canadian Port Workers Back Trudeau Government Into a Corner
Business groups are urging Justin Trudeau’s government to stop labor unrest at Canada’s main ports, as it did with railways in August, to avoid supply chain disruptions.
Hundreds of dock foremen in British Columbia ports have been on strike for a week. On Sunday, employers at Montreal’s port locked out 1,200 unionized workers after they rejected a contract offer that promised a 20% salary raise over six years.
Businesses report that the work disruptions are harming ports that handle approximately C$1.2 billion ($860 million) of products daily. They want Labor Minister Steven MacKinnon to refer the case to the Canada Industrial Relations Board, which can send the parties to arbitration to settle the disagreement.
He used that technique over two months ago to halt labor stoppages at Canada’s two main railways. However, the government’s use has sparked resentment among some unions.
The Teamsters Canada Rail Conference has filed a court challenge, claiming that the government’s actions in the railway conflict set a dangerous precedent by breaching workers’ constitutional rights.
Soon after, the pro-union New Democratic Party ripped up a legislative arrangement in which it committed to vote with Trudeau’s Liberals to advance critical legislation.
It’s unclear whether the government currently has enough support to enact a back-to-work law, which would be required to end the port issue.
According to Michel Murray, a Montreal Longshoremen’s Union representative, the port employers “act as bullies,” and refusing to talk indicates that “they clearly want the federal government to intervene.”
“Nearly C$6 billion worth of goods are expected to arrive at the port over the next two weeks,” Michel Leblanc, CEO of the Chamber of Commerce of Metropolitan Montreal, said in a statement. “The urgency is real.”
Goldy Hyder, CEO of the Business Council of Canada, stated that the conflicts “continue to weaken Canada’s economy and tarnish its reputation as a reliable trading partner.”
“Canada’s ports will continue to lose market share if the country’s reputation for labor instability is not corrected soon,” Hyder wrote in a letter to MacKinnon and Transport Minister Anita Anand on November 9.
According to a group of port employers, the Montreal offer would have increased the average dockworker’s pay by more than C$200,000 annually.
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Business
Amazon Says a Hacker Breached MOVEIT, Stealing Employee Data. Employee data.
(VOR News) – Amazon has verified that employee data was stolen to the extent that it was compromised as a result of a “security event” that took place at a third-party vendor. The event brought about the compromise of data.
According to a statement that was provided to TechCrunch on Monday, the information that pertains to Amazon employees was revealed as a result of a data breach. This information related to Amazon employees was disclosed.
Amazon spokesman Adam Montgomery issued the statement.
When it comes to Amazon’s or Amazon Web Services (AWS) systems, there have been no security breaches that have taken place, and we have not encountered any security problems. An incident that occurred at one of our property management providers and included security was brought to our attention over the course of the investigation.
This problem had an effect on a number of the company’s customers, including Amazon, and we were informed about it. Other customers were also affected. Montgomery asserts that the only information that was disclosed was that of the work contact information of Amazon workers. As far as Montgomery is concerned, there was no further breach of security.
Among the things that were listed in this category were things like work email addresses, desk phone numbers, and the locations of buildings.
The number of employees who were affected by the security vulnerability has not been acknowledged by Amazon, nor has the total number of employees who were affected been released.
Additionally, it was stated that the third-party vendor, which was not named, does not have access to sensitive data such as Social Security numbers or financial information. This information was described as being kept confidential. The information in question was not made public. The vendor has reportedly fixed the security flaw that was responsible for the data breach that took place, according to reports that were received.
Hackers said they posted Amazon data on Breach Forums. It has been determined that the information in question is accurate as a consequence of this declaration. Additionally, the individual alleges that they have more than 2.8 million lines of data, which they allege was stolen during the mass-exploitation of MOVEit Transfer that took place the previous year.
Using the alias “Nam3L3ss,” the threat actor claims that they have disclosed information that was purportedly taken from twenty-five big corporations, as indicated in a study that was carried out by the cybersecurity company Hudson Rock. The analysis was done by Hudson Rock.
The assumption that the threat actor makes is that “the data that you have seen up to this point is less than .001% of the total data that I possess.”
This is the Amazon assertion that they make.
The public will have access to one thousand releases that have never been seen before in the history of record releases. The journal TechCrunch has attempted to get in touch with the other firms that were identified by the threat actor; however, the magazine has not yet received any additional responses to the inquiries that it has made.
It was the MOVEit breach, which took place in 2023, that was the most catastrophic breach that ever took place. The file-transfer software that was developed by Progress Software was vulnerable to a zero-day vulnerability, which allowed attackers to take advantage of the weakness and cause this breach.
More than one thousand businesses were impacted by these incursions, and it is believed that the notorious Clop ransomware and extortion ring was responsible for them. Through the utilization of ransomware, hacks were successfully carried out.
Not only did the data breach affect the Oregon Department of Transportation, which had 3.5 million pieces of information stolen, but it also affected the Colorado Department of Health Care Policy and Financing, which had four million pieces of information stolen, and Maximus, which is a giant in the United States government services contracting market, which had 11 million pieces of information stolen.
SOURCE: TC
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Business
Bitcoin Goes Over $80,000 As Buyers Guess Whether Trump Will Run For President.
(VOR News) – The following day, Bitcoin achieved a new record high as a consequence of traders’ wagers on the potential benefits of Donald Trump’s return to the White House for the cryptocurrency.
This was an additional factor contributing to Bitcoin’s recent record-breaking performance.
This resulted in Bitcoin’s first-ever record-breaking high.
The digital currency’s inaugural transaction, valued at eighty thousand dollars, was executed one hundred twenty minutes after twelve o’clock in the afternoon (1200 GMT). This occurred shortly after the timepiece reached twelve.
The conviction that President Trump may reduce laws on digital currencies has increased as a result of his victory in the presidential election that occurred in the United States on Tuesday. This conviction has been bolstered by his election victory. Since the election was won by the Republican nominee, Trump, this mentality has been gradually cultivated.
On Wednesday, the price of bitcoin achieved a new all-time high of $75,000, surpassing the previous all-time high of $73,797.98, which was achieved in March. This item has attained the highest price to date.
It was widely believed that Trump was the politician who embraced Bitcoin during his campaign against Kamala Harris, the Democratic Party candidate. Harris was a candidate for the Democratic Party in the Senate campaign.
Donald Trump employed the term “hoax” to describe cryptocurrencies during his inaugural tenure as president of the United States. However, in the time that has passed since then, he has experienced a substantial change in his viewpoints, which has even resulted in the creation of his own committee platform.
In addition to his pledge to establish the United States of America as the “bitcoin and cryptocurrency capital of the world,” he has also committed to appointing Elon Musk, a tech entrepreneur and right-wing conspiracy theorist, to the role of overseeing a comprehensive investigation into the government’s wasteful practices.
Both of these commitments are components of his strategy to enhance the prosperity of the United States of America. It is crucial to acknowledge that he has made a commitment to both of these.
The administration of President Trump was responsible for the reduction of corporation taxes, which resulted in an increase in market liquidity and facilitated the investment in high-growth assets, such as cryptocurrencies. Through the administration of President Trump’s predecessor, this was accomplished.
The previous administration benefited from a decrease in the tax rate for Bitcoin companies.
In September, President Trump announced that he, his sons, and other organizations would be creating a digital currency platform known as World Liberty Financial. The development of this platform would also incorporate the participation of other businesses. The network would facilitate the conversion of digital currency into corporeal currency.
Nevertheless, it experienced an unsuccessful sales launch earlier this month, with only a small percentage of the tokens that were placed on the market being purchased by consumers. This incident transpired earlier this month. From this, it is possible to infer that the launch was unsuccessful.
Cryptocurrencies have been the subject of numerous news articles since their inception. The FTX exchange platform is the most notable of the numerous industry stalwarts that have fallen, and these stories have covered a wide variety of subjects, including the immense volatility of their pricing. Numerous topics have been addressed in these narratives.
According to reports that circulated in the days preceding the election, he made history by becoming the first former president to utilize bitcoin to conduct a transaction. Donald Trump achieved historical significance by conducting a transaction using bitcoin. This could be considered a significant accomplishment.
He accomplished this by purchasing hamburgers from a restaurant in New York City, which characterized the transaction as “historic.” He succeeded in achieving these objectives. Because of this opportunity, he capitalized on it.
Bitcoin, a digital currency, is transacted on the market every day of the week, including Sundays.
SOURCE: TET
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Subsidies for Electric Vehicles Cut as Consumer Interest Fades
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