Hotel cancellation policies have transformed over the past seven years. Travelers once could cancel reservations up until the day before check-in without penalty. That flexibility has largely vanished.

The shift began around 2018 when third-party travel-booking sites deployed "cancel-rebook" strategies, the Atlantic writes. These platforms would monitor hotel rates after securing initial reservations. When prices dropped, the sites automatically canceled existing bookings and rebooked customers at lower rates. Hotels lost already-booked revenue whenever they reduced prices to fill empty rooms.

Hotels responded by introducing tiered pricing structures. Travelers now encounter prepaid non-refundable rates at the lowest price point, mid-range rates with two- or three-day cancellation deadlines, and higher rates for same-day cancellation flexibility. The cancel-rebook sites could still swap reservations until deadlines arrived, but the damage to hotels diminished.

Christopher Anderson, a professor at Cornell University's Nolan School of Hotel Administration, told the outlet that hotel cancellations differ from airline cancellations. Most hotels operate as franchises rather than centrally-owned properties. A canceled Ithaca Marriott reservation cannot be converted to credit at a New York Marriott Marquis because different owners operate each location. Anderson suggests travelers call hotels directly to request exceptions. Hilton confirmed it evaluates cancellation waivers case-by-case and extends broad waivers during natural disasters or major disruptions.

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Global internet freedom declined for a 15th consecutive year, according to Freedom House's annual report. Semafor: "Always grim reading," this year's is particularly sobering, Tech Policy Press noted, with the lowest-ever portion of users living in countries categorized as "free." Conditions declined in 27 of the 72 countries assessed, with those in Kenya -- where anti-corruption protests were quelled, in part, by a seven-hour internet shutdown -- deteriorating the most. China and Myanmar tied for least-free, and the US' ranking dropped, while Iceland retained its top spot for the freest digital environment. Bangladesh improved the most. The most consistent trend observed over 15 years, Freedom House noted, is the growing digital influence of state actors: "Online spaces are more manipulated than ever."

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The UK government has been warned that its plan to ban operators of critical national infrastructure from paying ransoms to hackers is unlikely to stop cyber attacks and could result in essential services collapsing. From a report: The proposal, announced by the Home Office in July, is designed to deter cyber criminals by making it clear any attempt to blackmail regulated companies such as hospitals, airports and telecoms groups will not succeed. If enacted, the UK would be the first country to implement such a ban.

But companies and cyber groups have told government officials that making paying ransoms illegal would remove a valuable tool in negotiations where highly sensitive data or essential services could be compromised, according to two people familiar with the matter. "An outright ban on payments sounds tough on crime, but in reality it could turn a solvable crisis into a catastrophic one," said Greg Palmer, a partner at law firm Linklaters.

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Strauss Zelnick, CEO of Take-Two Interactive, which operates publishing labels including GTA-maker Rockstar Games and 2K, said on Monday that although gaming consoles are not going away, the industry is moving toward PCs in the next decade. From a report: "I think it's moving towards PC and business is moving towards open rather than closed," Zelnick told CNBC's "Squawk Box."

"But if you define console as the property, not the system, then the notion of a very rich game that you engage in for many hours that you play on a big screen -- that's never going away." Zelnick said the current split between console and mobile is about even in the market, but mobile is growing more rapidly than consoles.

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An anonymous reader shares a report: The use of AI in the latest Call of Duty has prompted a US lawmaker to call for regulations to prevent artificial intelligence from taking jobs away from human workers. Rep. Ro Khanna (D-Calif.), who represents a large swathe of Silicon Valley, took aim at Call of Duty: Black Ops 7 after buyers noticed the popular shooter contains a significant amount of AI-generated icons, posters, and achievements. Gamers are criticizing it as filled with "AI slop."

On Friday, Khanna tweeted: "We need regulations that prevent companies from using AI to eliminate jobs to extract greater profits." He added, "Artists at these companies need to have a say in how AI is deployed. They should share in the profits. And there should be a tax on mass displacement."

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Authorities in Iran have sprayed clouds with chemicals to induce rain, in an attempt to combat the country's worst drought in decades. From a report: Known as cloud-seeding, the process was conducted over the Urmia lake basin on Saturday, Iran's official news agency Irna reported. Urmia is Iran's largest lake, but has largely dried out leaving a vast salt bed. Further operations will be carried out in east and west Azerbaijan, the agency said.

Rainfall is at record lows and reservoirs are nearly empty. Last week President Masoud Pezeshkian warned that if there is not enough rainfall soon, Tehran's water supply could be rationed and people may be evacuated from the capital. Cloud seeding involves injecting chemical salts including silver or potassium iodide into clouds via aircraft or through generators on the ground. Water vapour can then condense more easily and turn into rain. The technique has been around for decades, and the UAE has used it in recent years to help address water shortages. Iran's meteorological organisation said rainfall had decreased by about 89% this year compared with the long-term average, Irna reported.

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Abstract of a paper on NBER: This paper documents video consumption among school-aged children in the U.S. and explores its impact on human capital development. Video watching is common across all segments of society, yet surprisingly little is known about its developmental consequences. With a bunching identification strategy, we find that an additional hour of daily video consumption has a negative impact on children's noncognitive skills, with harmful effects on both internalizing behaviors (e.g., depression) and externalizing behaviors (e.g., social difficulties). We find a positive effect on math skills, though the effect on an aggregate measure of cognitive skills is smaller and not statistically significant. These findings are robust and largely stable across most demographics and different ways of measuring skills and video watching. We find evidence that for Hispanic children, video watching has positive effects on both cognitive and noncognitive skills -- potentially reflecting its role in supporting cultural assimilation. Interestingly, the marginal effects of video watching remain relatively stable regardless of how much time children spend on the activity, with similar incremental impacts observed among those who watch very little and those who watch for many hours.

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An anonymous reader shares a report: Harvard is ramping up its holdings in cryptocurrency. The nation's oldest university reported a $443 million investment in BlackRock's iShares Bitcoin Trust in the third quarter. The school now holds 6.8 million shares of the exchange-traded fund, up from 1.9 million in the second quarter.

The digital currency amounts to a little less than 1% of the school's $57 billion endowment. Other schools are bullish on crypto as well. Brown University reported holding $13 million of the BlackRock bitcoin ETF in the second quarter and Emory University reported holding $20 million of Grayscale's Bitcoin Mini Trust ETF as of March.

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An anonymous reader shares a report: When Nigel Morris tells you he's worried about the economy, you listen. As industry observers know, Morris co-founded Capital One and pioneered lending to subprime borrowers, building an empire on understanding exactly how much financial stress the average American can handle. Now, as an early investor in Klarna and other buy-now-pay-later companies like Aplazo in Mexico, he's watching something that makes him deeply uncomfortable.

"To see that people are using [BNPL services] to buy something as basic and fundamental as groceries," Morris told me on stage at Web Summit in Lisbon this week, "I think is a pretty clear indication that a lot of people are struggling." The statistics back up his unease. Buy-now-pay-later services have exploded to 91.5 million users in the United States, according to the financial services firm Empower, with 25% using the services to finance their groceries as of earlier this year, according to survey data released in late October by lending marketplace Lending Tree.

These aren't discretionary purchases -- the designer bags and latest Apple headphones that BNPL was marketed for originally. Borrowers aren't paying it all back, either. According to Lending Tree, default rates are accelerating: 42% of BNPL users made at least one late payment in 2025, up from 39% in 2024 and 34% in 2023.

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