"In recent months, a number of writers and photographers have begun to utilize Instagram beyond its common use as an application that enables the creation, stylizing, and sharing of personal photographs to a particular group of friends and acquaintances, and rather as a journalistic tool. In particular, writers like Jeff Sharlet (#Nightshift // A Resourceful Woman ) and photographers like Neil Shea have paired their photos with short narratives, constrained to 2200 characters by Instagram’s caption limit. The effect is similar to that of “Flash Fiction”—short, impactful self-contained stories—except that these stories are true and paired with a photograph of the subject." [more inside]
Networks of the Hanseatic League - The Hanseatic League was a late-medieval network of economically largely independent long-distance trade merchants which was based on trust, reputation and reciprocal relations. The informal cooperation among its members kept transactional, informational and organizational costs low, allowing the Hanse merchants to make good profits from the long-distance trade between the Baltic and the North Seas. Thanks to personal and institutional links with confederations of towns, the Hanse merchants were initially able to strengthen their international position of power. Since the late 15th century, however, the transaction costs of long-distance trade increased as a result of growing exclusivity and formalization efforts in the Hanseatic league. Moreover, changes in the European economic structure, triggered by the discovery of America, and internal conflicts ultimately led to the disintegration of the Hanseatic networks.