Comments

busterkeaton wrote on 12/11/2008, 2:07 AM
http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom

This article by Michael Lewis (who wrote Liar's Poker about a different era of excess on Wall Street) made the financial meltdown make sense to me.

Two things to remember
1. The subprime repayment is not the issue. The real estate bubble is the issue. The issue is that the houses are not worth the mortgage. If people were defaulting on their mortgages and the banks now had properties that were still worth the money, they could resell them and there wouldn't be a crisis.

2. The Wall Street wizardry (or is that stupidity), particularly CDOs (collateralized debt obligation) and CDS (credit default swap) magnified the real estate bubble/mortgage crisis and is truly what brought the economy to its knes. They kept slicing and dicing mortgages into new investment tools. How many people have ever heard of a credit default swap two years ago? Well in mid 2007 it was bigger than the stock market, the value of Credit default swaps were TWICE as big as the stock market and SIX times as big as the entire mortgage market.

In the article, someone compares this form of mortgage investing to fantasy football. Except when you play fantasy football, you don't really own a team and you don't really have Peyton Manning. These CDO's and CDS's were acting like they were backed by something of real value and they weren't. They were essentially bets.
fldave wrote on 12/11/2008, 4:47 AM
"please take the political crap to a different forum"

This is an economics thread?
Sebaz wrote on 12/11/2008, 6:11 AM
Spruce up the interface and bring it into the 21st century even though i dont find anything wrong with the way it looks and feels. As a matter of fact i like the simpler interface. but it does make it look aged and not as "cool" as say PPro or FCS but when you use it you find that it is fast. Maybe the "cool" factor would bring more people over the the " Right Side" :-)

That's a good point. I for starters, like that Vegas' interface was created more the Windows way and less of the Mac way. As most people know, Mac relies on menus for almost everything. You might have a small toolbar here and there, but for the most part it's menus to access even commonly used tasks. Microsoft from the beginning had the great idea of including toolbars where you can add almost every command that you can do with menus, and Vegas complied with that interface rule, which is one of the many reasons why it's faster. In Premiere Pro you have to do lots of things going into menus and sub-menus, which is really annoying, same for Photoshop, because Adobe created those apps with the Mac GUI guidelines and never cared to comply with the Windows guidelines.

I think that the Vegas interface is great and does look professional (funny story, I was editing a multi-track project with a co-worker who knows nothing about video editing and she looked at my screen at said "It looks like you're performing surgery in there"), but it could use a little tweaking. I would include in the preferences the same thing PP has, the ability to adjust the interface brightness regardless of what color is used in Windows. I go into Windows' display properties to change the light gray color to a darker one so it doesn't kill my eyes and give me migraines, but not as dark as PP CS4 because I don't think the text would read very well. Vegas 9 could come with a couple of choices for interface brightness, like normal and dark.

Another important feature that Vegas needs to compete with the big boys is the ability to set non- destructive filters to audio events, not only to the whole track. Sometimes adding a filter to the whole track is convenient, but sometimes it's really annoying having to adjust those envelopes when you have different audio filters that you only need for a few events. If you can apply non-destructive filters to video events, why can't you apply them to audio events? I never understood that in Vegas.

Vegas is a great editor but they really need to fix their lame third party plugin support. This has been a long standing issue and would go a long way in keeping Vegas alive.

Very true. They also have to make it reliable. When you have bugs all over the place that keep you from working reliably, then it's always going to be hard to compete with FCP, which is rather stable. But having every plugin out there that is available for FCP and Premiere work with Vegas, that is a must.

But going back to the lay offs at Sony, I don't know what's the future of Vegas itself, but I have a little hope in that SCS is not going down in part because they are making Blu-Print, which I think it's one of the two programs used to author BDs at the pro level, along with Scenarist HDMV, which I have briefly played with and it's the most horrendous software I have ever used. If I had to make a menu with it...I think it would be easier to learn a programming language and build my own BD authoring software from scratch.

Let's not forget that Soundforge also has a large following since the 90s, and I would have to see what are the sales of the consumer Vegas line, which is almost the same thing but without some pro-features. Maybe I'm wrong, but I would think that they start by building Vegas Pro and then they take some chunks of code out and label it Vegas Platinum or whatever it's called now. If the consumer line is selling well, there shouldn't be a reason to worry about Vegas Pro.

I also think that some users deserve kudos for bringing probably many users to Vegas, the one that comes to mind is Eugenia who posted some tutorials for beginners as well as how to accomplish certain other tasks, and reading that first tutorial was a great help to understand how Vegas works when being used to edit in FCP and PP. The more of that we see, from her and others, and the more videos on Vimeo, Yahoo Video, You Tube, etc that say "Edited in Sony Vegas software", the more people that are going to be luring to our side, as evil as that sounds.
pmooney wrote on 12/11/2008, 7:42 AM
This thread seems to be going in two different directions. Some people are talking about SCS/Vegas and their continued viability in an economic downturn, and others are posting about how this whole financial mess started.

I'll go with the latter, as I already love Vegas and think it will be around as much as any other program out there.

You guys are all drinking the Kool-Aid if you think this meltdown can be explained away by "Wall Street Greed" or foolish economic policy decisions made by our government during the course of the Bush Administration.

You'd even be wrong if you blamed Clinton, Bush Sr., Reagan, Carter, Ford, Nixon...or any of the previous administrations they succeeded.

If you do a little homework, you will find that the American financial meltdown began (in earnest) all the way back in 1913, with the creation of the Federal Reserve, which is not a government institution, but a private bank owned by a cartel of foreign investors (the most notable partner being the Rothschild Dynasty).

Since 1913, the value of the US Dollar has plummeted 99%. Things look incredibly shocking nowadays because our country is simply at the end of its rope.

All the more astonishing is that the politicians at the the time of the Fed's chartering insisted that the Fed was necessary to prevent any Depressions from ever happening again (they had been frequent during the 1800's and early 1900's).

But historians of economic policy know full well that Depressions are designed to happen because that is the way the owners of the Central Banks throughout the world accumulate their vast wealth....and then use that wealth to shape the world in their own image.

That's the reason for the latest collapse, my friends, the world is about to be re-shaped, dramatically, once again.

I only post these long insights in the hopes that this community of video editiors will use their talents to help expose the ongoing fraud committed by these Central Banks (and the media outlets they control).

It is naive to think that our politicians will do anything about it.

"If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered."

-Thomas Jefferson in 1802

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford (1921, I believe)

"Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges... which are employed altogether for their benefit."

Andrew Jackson, who only wanted history to remember him as the man who "killed" the last Central bank before the Fed (The Second Bank of the U.S.)

I'm hoping that some of you are awakened by this.

Happy Thor's Day!
Sebaz wrote on 12/11/2008, 8:15 AM
Very informative, but people, please, this is a Sony Vegas forum. Talking about Sony cutting jobs may be somehow OT but still it's something that makes sense to talk about here, however, economics and politics is way off topic.
Coursedesign wrote on 12/11/2008, 8:28 AM
Microsoft from the beginning had the great idea of including toolbars where you can add almost every command that you can do with menus.

..and then they abandoned this great idea in favor of menus (in Microsoft Office 2007), and the people were mightily upset.

I'm with you on the Fed not being the greatest idea, but I think the big hit to the dollar was when the U.S. dropped the gold standard for its currency.

Gold always has the same value: 1 oz. of gold is worth 1 oz. of gold.

How many dollars can you get for 1 oz. of gold? That will vary with the easy availability of dollars ("money supply").

Money supply is measured by for example "M3" which is no longer published after being dropped by the current administration a few years ago, "to save $143,000 per year." That means we are not allowed to know how fast the printing presses are running when printing out an endless stream of paper money with no direct backing.

And I'm with you on celebrating Thor's Day today. Why not, after all we are a heathen country, every week celebrating Tyr's Day (for the god of combat and heroic glory), Oden's Day (for the highest god, named Wodan in German (English is a Germanic language), Thor's Day (god of thunder), and Frigg's/Freya's Day (goddess of love).

And that's just Tuesday through Friday. On the next day, we play it safe by honoring Saturn, the Roman
god.

johnmeyer wrote on 12/11/2008, 10:00 AM
Anyone that focuses on the "look" of the interface probably also worries about whether their shoelaces match. Aren't there slightly more important things for a design team to worry about, and that would actually reduce the amount of time it takes each of us to get the job done?
Sebaz wrote on 12/11/2008, 10:03 AM
Microsoft from the beginning had the great idea of including toolbars where you can add almost every command that you can do with menus.

Well, yes, but those are not plain old Mac style menus. They are way more functional for what I've seen at some retailer's computers, because I use Open Office, not MS Office.
Sebaz wrote on 12/11/2008, 10:05 AM
Anyone that focuses on the "look" of the interface probably also worries about whether their shoelaces match. Aren't there slightly more important things for a design team to worry about, and that would actually reduce the amount of time it takes each of us to get the job done?

Of course that takes priority, but I think the look is important too, on one hand to lure more users to Vegas, but also because at least in my case I like to work with software that I find more or less visually appealing. That said, I do prefer the current look of Vegas to FCP and PP, in good part because of the icons.
Editguy43 wrote on 12/11/2008, 10:18 AM
As i said before, I do not have a problem with the look of Vegas i like the icons and have added several to the tool bar, one thing I wish that sony would do is allow us to save the toolbar so if we have to reload the software we could bring back our custom toolbar and not hve to rebuild it.
Another thing is to have say a number of toolbar settings that we could change depending on what we are doing, (perhaps with that it would reduce the number of icons, I have many icons) but that said, I still prefer Vegas.
Paul B
ScorpioProd wrote on 12/11/2008, 7:21 PM
No problem saving your custom tool bar, it's stored in:

C:\Documents and Settings\Username\Application Data\Sony\Vegas Pro\8.0\tbmappings.dat

At least in WinXP that's where it is. Just backup that file.