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No. 14 · Winter 2026A quarterly of culture & dissent€18 · Independent since 2013

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Essays·Reporting·Interviews·Fiction
The Essay · Cities

The Last Analog City

In Lisbon, the funiculars still run on cables and the newsstands still open at six. What a city keeps when it refuses to update.

Every morning the No. 28 tram leaves Martim Moniz already full, and every morning it fills again at the next stop, because the people who ride it are not commuters so much as witnesses. They have watched the city be sold, floor by floor, to funds with names like weather systems.

What survives is stubbornly physical: the tiled facades, the paper timetables, the man who has repaired the same three streets of shoes since 1981 and will not take a card. Analog is not nostalgia here. It is a form of resistance with a business licence.

Words by Teju Andrade · Photographs by Marta Soares

A Lisbon street, cover feature Alfama, at the hour the tram fills — M. Soares

In this issue

Nine features · pp. 12–92
ReportingWho Owns the Night?p. 12Ada Kerr on the private takeover of public darkness.
InterviewHilma Was Rightp. 28A conversation with painter Sofia Crane.
EssayAgainst the Feedp. 40Marcus Vale on attention as the last commons.
FictionSaltwaterp. 54A new short story by Iman Reyes.
DispatchLetter from Tbilisip. 66Nino Beridze, from a city rewriting itself.
CriticismThe Return of the Long Takep. 78Why cinema slowed down again.

A magazine is a place you can hold — a fixed argument in a world that keeps editing itself.

From the editor’s note, No. 14

Regulars

The Ledger

What Things Cost

A single object, priced down to the labour behind it. This issue: a flat white.

Marginalia

Notes & Corrections

Readers argue back, and we lose gracefully. Plus three books worth the shelf.

The Back Page

Last Word

One page, one voice, no photograph. This quarter, a coda from Tbilisi.

Read on paper.

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