bastions

With home video revenue in decline, movie studios, bastions of the golden age of film, now don’t seem to matter as much to the success of their parent companies.

It is becoming increasingly clear that the story of the global economy is a tale of two worlds. In one, there is only gloom and doom, and in the other there is light and hope.

In the traditional bastions of wealth and power—America, Europe and Japan—it is difficult to find much good news.