House Budget Committee member Buddy Carter criticizes the president for trying to spend his way out of a recession, telling ‘Cavuto: Coast to Coast.’ this will add to America’s rising debt.
Senate Democrats are attempting to rein in the price of insulin through their social spending bill which will raise $739 billion in tax revenues.
The 100-year-old drug has tripled in price over the last two decades, forcing diabetics to pay thousands of dollars a year or ration supplies.
And capping the price of insulin may continue to grow as more Americans use the treatment.
Senate Majority Leader Chuck Schumer (DN.Y.) speaks to reporters during a news conference at the US Capitol on July 28, 2022 in Washington, DC (Photo by Drew Angerer/Getty Images) ((Photo by Drew Angerer/Getty Images) / Getty Images)
A Congressional Budget Office analysis of a bill proposed earlier this year found an insulin cap would cost approximately $23 billion over the next decade and increase government costs and premiums charged by Medicare and private insurers.
SCHUMER CALLS ECONOMISTS ‘WRONG’ WHO ARE CAUTIONING MANCHIN’S SPENDING BILL WILL INCREASE INFLATION
According to the American Diabetes Association, about 11% of Americans live with diabetes. Of those, approximately 8.4 million use insulin — and for one million of them, the drug is lifesaving.
“People require insulin, it’s not an option and nobody should have to decide between life-sustaining medication or food and rent,” Dr. Robert Gabbay, the chief scientific and medical officer for the American Diabetes Association, told the Associated Press.
Insulin is displayed at Pucci’s Pharmacy in Sacramento, Calif., July 8, 2022. ((AP Photo/Rich Pedroncelli, File)/AP Images)
The cost of insulin varies depending on healthcare coverage.
People with private health insurance could potentially pay hundreds of dollars a month. Most Medicare beneficiaries pay $54 per prescription. Others live in one of the 22 states where the copay for a 30-day supply has been capped between $25 to $100, according to the Associated Press.
Eli Lilly, Novo Nordisck and Sanofi are the only insulin manufacturers — allowing them to control much of the market.
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“They’ve been historically raising their list prices for their respective products in lockstep with one another,” Dr. Jing Luo, a professor of medicine at the University of Pittsburgh, told the Associated Press. “There hasn’t been a lot of pricing pressure.”
US Senate Minority Leader Chuck Schumer (DN.Y.) and Senator Joe Manchin (DW.V.) announced an agreement on the bill just last week. (Reuters/Jonathan Ernst/Reuters)
A generic drug for insulin has not been produced yet due to regulatory hurdles and questions about drug classification, according to Luo.
OVER 230 ECONOMISTS WARN MANCHIN’S SPENDING BILL WILL PERPETUATE INFLATION
Multiple attempts to lower the price of insulin have failed in the Senate. Democrats previously attempted to cap the price of insulin at $35 in the Build Back Better bill. More recently, Sens. Jeanne Shaheen and Susan Collins are co-sponsoring a bill to reduce the cost of insulin at $35 per month.
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“If your health insurance company says, voluntarily, nobody who buys insulin in our plan will have to pay more than $25, the question is who is paying the balance of that?” Luo told the Associated Press. “That then means their cost will go up, which means they’ll raise premiums on everyone.”
What just happened? ASRock, Asus, Biostar, Gigabyte, and MSI revealed more details about their upcoming high-end X670 and X670E motherboards. Some of the most notable features include PCIe 5.0 and USB4 support, extreme power delivery designs, and wider M.2-25110 slots. However, the companies didn’t mention anything about their B650 motherboards, suggesting that these might not launch at the same time as AMD’s Ryzen 7000 processors next month.
At AMD’s latest Meet the Experts webinar, board partners showed off some of the features and designs of their upcoming X670 and X670E motherboards. As a reminder, AMD’s AM5 platform will support CPUs with a TDP of up to 170W, 28 PCIe 5.0 lanes (x16 for graphics cards, x8 general purpose lanes used for storage and USB4/Thunderbolt 4 controllers, x4 to connect to the chipset), up to four DisplayPort 2 or HDMI 2.1 outputs, and dual-channel DDR5 memory.
ASRock only revealed one new model, the X670E PG Lightning, but also talked about some of the new features coming to their X670E motherboards, including USB4 ports with 27W fast charging, eight-layer PCBs, and an actively-cooled M.2 heatsink to keep PCIe 5.0 SSDs from overheating.
Asus showed off two of its upcoming motherboards, including the flagship ROG Crosshair X670E Extreme and the high-end ROG Crosshair X670E Hero. They will feature impressive VRM solutions with 110A power stages (20+2-phase design for the Extreme, 18+2-phase for the Hero), five M.2 slots each (with some being on separate add-in cards), and high-end audio solutions based on the ALC4082 codec.
On the rear panel, the Extreme has nine USB 3.2 Gen 2 (10Gbps) ports, one USB 3.2 Gen 2×2 (20Gbps), two USB4 capable of 40Gbps, 10GbE and 2.5GbE jacks, audio ports, and Wi-Fi 6E antenna connectors. The Hero trades the 10GbE jack for an HDMI port.
Meanwhile, Biostar’s X670E Valkyrie will have a 22-phase VRM design with 105A power stages, two PCIe 5.0 x16 slots, and four M.2 slots (with two supporting PCIe 5.0).
Gigabyte showcased four motherboards, including the X670E Aorus Xtreme, X670E Aorus Master, X670 Aorus Pro AX, and X670 Aorus Elite AX. All models will come with at least one wider M.2-25110 slot and a THB_U4 Thunderbolt header. It’s worth noting that the X670E boards will each have one PCIe 5.0 x16 slot for graphics cards, while the X670 variants will use PCIe 4.0 instead.
MSI talked about four motherboards: the flagship MEG X670E Godlike, MEG X670E Ace, MPG X670E Carbon Wi-Fi, and Pro X670-P Wi-Fi. The Godlike will have the best VRM solution out of the bunch, with a 24+2+1-phase design and 105A power stages for the Vcore. Other notable features include MSI’s new screwless M.2 heatsink and a PCIe adapter card that supports two M.2-25110 SSDs with a PCIe 5.0 x4 interface.
These motherboards will likely release next month together with AMD’s Ryzen 7000-series processors. The cheaper B650-based boards might arrive at a later time, considering the companies haven’t announced anything about them so far.
Australian sporting icon Bruce McAvaney just couldn’t resist.
The 69-year-old randomly dropped a reference to former Aussie sprinter Matt Shirvington’s “tight shorts” during Seven’s coverage of the Commonwealth Games.
The colorful caller was speaking before the men’s 200m semi-finals at Alexander Stadium in Birmingham after Shirvington had crossed to the commentary team from a Channel 7 studio.
“Let’s go back to Bruce,” Shirvington said.
“It’s the men’s 200m and I’m jealous. There’s a nice little tailwind for them.”
McAvaney responded: “You would like to put the shorts back on, wouldn’t you.
“And they were tight.”
The call got a brief giggle out of Channel 7 athletics commentator Tamsyn Manou.
The comment may or may not be related to McAvaney’s revelation on Friday that he has been getting less than three hours sleep a night in Birmingham.
McAvaney is commenting in the UK for the event where he is covering his fifth Commonwealth Games. The most popular sports caller in the country has also covered 11 Olympics.
More than 15 years after he hung up his track spikes, Shirvington still boasts the most famous lunch box in Australian sport — as immortalized by the commentary of comedian Billy Birmingham in The Twelfth Man.
Shirvington’s thunder is still a small part of Aussie sprint sensation Rohan Browning’s story. The 24-year-old, who finished sixth in the final of the 100m at the Commonwealth Games on Thursday morning, has previously laughed about not wanting to be compared to the Channel 7 presenter.
When Browning made history last year by becoming the first Australian to qualify for the men’s 100m event at an Olympics in 17 years, he was stitched up in a photo post on the World Athletics website which featured an unflattering close-up of his crotch.
Browning responded to the photo with a light-hearted tweet: “Can someone from World Athletics update my profile cover shot please? Don’t want to draw Shirvo comparisons”.
Staring down the possibility of taking out a large mortgage to buy a house they could barely afford, Luke Saliba and his wife Claire Gooch decided to try something different.
Instead, the young couple moved in with Claire’s mother Sylvia and took out a much smaller mortgage to renovate her house.
“The idea of the nuclear family being disconnected in the suburbs [feels] like it’s been forced upon us over the last 100 years,” Luke said.
“I feel like us challenging that, in this small way, is almost going back to the way things should be.”
Luke says having a European background means there’s “no stigma attached to living with grandparents”.(ABC News: Rhiannon Stevens)
The living arrangement has allowed Sylvia to stay in her home which was becoming too costly for her to maintain alone.
“I get to stay in a house that I quite like, in an area where I have established friends — it meant that I wouldn’t have any issues,” she said.
Sharing the house has also benefited Luke, Claire and their two young children.
Claire said having a small mortgage of around $350,000 and living in an area with good services meant they were better able to manage financially as the cost of living rises.
“My daughter needs surgery for grommets and adenoids and tonsils,” she said.
“If we didn’t live like this, that would be a problem and we’d be having to make choices between food, rent bills and medical things that the kids have needed.”
Claire says living with her mother is a great choice but acknowledges that not everyone has the opportunity to tap into generational wealth in this way.(ABC News: Rhiannon Stevens)
Having another adult in the house also meant she and her husband could turn to her mother for advice.
“My mum is very different to how I am and that’s been really good because my kids get stuff that I wouldn’t be able to do with them [and] I get ideas that I wouldn’t have had.”
The living arrangement worked because they tried to relate like housemates, not mother-daughter, she said.
“This is a group house where we’re related, and because we have similar backgrounds … we can probably live together a little bit easier, but living with my daughter is not always easy, but that goes both ways, right?” Sylvia said.
Luke, who is the grandchild of Spanish and Macedonian immigrants, said having a European background meant there was no stigma attached to living with grandparents, and he valued the presence of an older generation in the house.
“If any of us have a bad day, we don’t have to travel to go and touch base and provide that family support. We’ve got it in-house,” he said.
Sylvia loves being involved in the daily lives of her grandchildren.(ABC News: Rhiannon Stevens)
Multi-generational households growing
Edgar Liu, a senior research fellow at the UNSW’s City Futures Research Centre, said economic circumstances were often the driving factor for people choosing to live in a multi-generational setting.
Dr Liu, who researched multi-generational living over several years and defined them as households with more than one generation of adults, said data from the UK and US showed that the economic shock of the Global Financial Crisis (GFC) increased the number of multi -generational households in those countries.
Edgar Liu says multi-generational households are increasing.(Supplied UNSW)
“From the US, in particular, there is evidence that [showed] a normal rate of growth was about 1.5 per cent, for this kind of household,” he said.
“[That] doubled to about 3 per cent as the GFC came on, and then it continued for a couple of years before it died back down to the normal rate of 1.5 per cent.”
The Australian Bureau of Statistics (ABS) provided new data to the ABC on households containing three generations.
It showed a small increase in three generational living arrangements over recent years, from 275,000 in 2016 to 335,000 in 2021.
But Dr Liu said the largest growth in Australia had occurred in households where two generations of adults lived together.
While finance, especially the cost of care for both the young and the elderly, influenced people’s decisions to form multi-generational households, Dr Liu said family connection was the benefit most often cited once people had experienced such living arrangements.
But he said in Australia this style of living was still stigmatized.
“Acceptance was very conditional, you had to have a reason to do this, you can’t just want to do it,” he said.
“[For example] your mother was in a wheelchair so that’s why she had to live with you,” was seen as an acceptable reason, Dr Liu said, but if someone simply enjoyed living with their mother it would raise questions.
A favorite family activity at Irina’s house is cards.(ABC News: Rhiannon Stevens )
The solution to isolation
Irina Kawar has always lived surrounded by generations of family, and she wouldn’t want it any other way.
Irina believes a “joint family”, as it’s called in India, can solve much of the isolation and loneliness experienced in Australia today.
“This is a very good solution for the people who feel isolated because isolation is as big a problem in old age as it is in teenagers,” she said.
“It’s a win-win for everyone, isolated teenagers, isolated grandparents — together, they are happy.”
For Irina, living with her in-laws, husband and two daughters also makes financial and emotional sense.
Irina says living with anyone — child, partner or parent — involves sacrifices, but the benefits outweigh the challenges.(ABC News: Rhiannon Stevens)
She said she never felt alone or frustrated learning to be a parent when her children were young because she always had family around to support her.
As migrants in Australia, having grandparents in the house also helped her children maintain a connection to Indian culture and language, she said.
“[The grandparents] follow daily religious practices, so I don’t have to make an additional effort to bring this into [the girls’] life, they can grow up around those practices as naturally as my husband and I did,” she said.
“If it was just the two of us raising our girls, we would need to make the conscious effort to talk to them in Hindi but living with grandparents — they just learn Hindi naturally.”
For those who have never tried living beyond the nuclear family unit, Irina understands there might be trepidation.
But she said sacrifices were made whoever you lived with, whether it was a partner, child, parents or extended family.
“A little sacrifice is all it takes, but the benefits are great.”
Nina Xarhakos has moved in with her mother Maria, and has become her primary carer.(ABC News: Rhiannon Stevens)
Caring for Maria
Decades since she last lived with her parents, Nina Xarhakos moved in with her mother Maria in 2020.
At 92, Maria suffers mobility issues and was becoming isolated after the death of her husband and several close friends, as well as the closure of her Greek social club due to COVID-19.
“I’ve worked in the community sector with Greek-speaking elderly, [so] I’m very aware of how prevalent depression and anxiety is among the elderly,” Nina said.
She said she respected her mother’s desire to stay at home as long as possible.
“It’s satisfying to me to be able to make that sort of contribution towards her quality of life and I think it strengthens our relationship as well.”
Nina said her mother would feel less comfortable receiving care from outside providers and it was becoming increasingly difficult to find carers with the language and cultural skills to care for someone like her mother whose English was limited.
“I was born in Greece and I came to Australia when I was seven, I’m the daughter of migrants, I’m bilingual and bicultural,” she said.
“I have a greater understanding than, let’s say, a 20-year-old who’s born here who has limited Greek speaking skills and understanding of the Greek culture.”
While she was enjoying this time living with her mother, Nina said carers made large sacrifices and received little financial support.
With a grown daughter and no partner, Nina said she was in a position to become her mother’s carer, and the living arrangement was benefiting them both.
“I’m learning certain skills from my mother, she’s passing on customs and traditions that I hold dear as well. So there’s a lot to learn from someone with such wisdom and such capacity.”
A nationwide manhunt over a bloody, thought-to-be-abducted woman in New Jersey was sparked by an accident and a bizarre misunderstanding, police told The Post Friday.
The unnamed woman — who was spotted screaming and bleeding inside a tractor-trailer on Route 130 Wednesday — was hurt when her husband hit the brakes to avoid an accident, South Brunswick Police Deputy Chief Jim Ryan said.
The woman, who was standing between the cab and the sleeper of the rig, flew forward and was left bleeding and screaming, he said.
But a worker from a nearby car rental company who did not see the big rig stop short, saw the woman bleeding and thought he might be witnessing a kidnapping and called police, Ryan said.
“He’s standing in a parking lot and he hears someone yell ‘help,’” said Ryan, adding the witness called police.
The mix-up triggered a multi-agency search for the truck and, after media reported the incident, at least 100 calls about possible sightings from Texas to California, Ryan said.
According to police, the nationwide manhunt for a though-to-be-abducted woman in New Jersey was due to a misunderstanding.South Brunswick Police Department
Police used surveillance footage, including from local businesses, along with tips to track down the 50-something married couple and determine there was no foul play Thursday, Ryan said.
“It’s amazing what people can do if they mobilize,” he said. “I’m glad the outcome was positive.”
Despite the weird mix up, he said the witness ultimately did the right thing by reporting the woman in distress.
“He actually saw it accurately, and made some great observations,” Ryan said.
A lawsuit against Activision Blizzard was dismissed last month because, according to a judge in the Southern California District Court where the complaint was brought, the plaintiffs didn’t play enough Call of Duty: Infinite Warfare to make an informed case against the maligned publisher. For once in Activision Blizzard’s many contentious legal battles, things ended smoothly.
According to a report by the law firm Wilson Sonsini Goodrich & Rosati, Activision Blizzard was sued in November 2021 by Brooks Entertainment, Inc., a California-based company specializing in film and TV production and other forms of entertainment. However, Kotaku couldn’t find an official website for the company. Brooks Entertainment and its CEO, Shon Brooks, who describes himself as an inventor, claim they hold the trademarks for the financial mobile games Save One Bank and Stock Pickers. It should be noted that Kotaku couldn’t verify the existence of these games, either. Regardlessall three of these entities, alongside Activision Blizzard and 2016’s Infinite Warfarewere at the center of the lawsuit.
In November 2021, Brooks Entertainment alleged Activision ripped off intellectual property from both Save One Bank and stock pickeras well as the identity of its owner, in Infinite Warfare. To be more specific, the complaint asserted the “main character” for the 2016 first-person shooter, Sean Brooks, was based on the company’s CEO and that all three games had “scripted battle scenes that take place in a high fashion couture shopping center mall.” There were other similarities, too, but these claims were the crux of the complaint.
But if you’ve played just an hour or so of Infinite Warfare, you’d know this is all wrong. For one, the main character isn’t Corporal Sean Brooks at all but rather his squadmate Commander Nick Reyes, a space marine who becomes the captain of the game’s primary militia. Moreover, while there is a scripted battle scene in a shopping mall, it takes place in far future Geneva, one of many in-game locations, and Sean Brooks ain’t in it. You play as Reyes the entire time.
In January 2022, Activision’s counsel wrote to Brooks Entertainment’s counsel that the complaint “contain[ed] serious factual misrepresentations and errors, and that the claims set forth therein are both factually and legally frivolous.” If the company didn’t withdraw the lawsuit, Activision would file Rule 11 sanctions, requiring the plaintiff penalties to pay a fine for submitting dubious or improper arguments without substantial — or, for that matter, accurate — evidentiary support. And that’s exactly what happened in March 2022, when Activision filed its motions for sanctions against Brooks Entertainment, saying the plaintiffs failed to play Infinite Warfare and provided inaccurate filings.
The Southern California District Court accepted Activision’s motions on July 12, dismissed Brook Entertainment’s lawsuit with prejudice (meaning the claim cannot be refiled in that court), and ordered the plaintiff’s counsel to compensate the troubled publisher for the money and time it wasted. In its conclusion, the court said the plaintiff failed to conduct a thorough and reasonable inquiry into the relevant facts about the game before filing the suit.
“Call of Duty: Infinite Warfare is a first-person shooter game, not first- and third-person as alleged, and Sean Brooks does not conduct a scripted battle scene in a high fashion couture shopping mall,” the court said in its ruling in favor of Activision. “Plaintiff’s counsel could have easily verified these facts prior to filing the factually baseless Complaint, just as the Court easily verified them within the first hour and a half of playing the game.”
Kotaku reached out to Activision Blizzard for comment.
Richard Hoeg, a lawyer who specializes in digital and video game law, told Kotaku that unprotectable concepts like the names of people used in fictional entertainment are pretty difficult to copyright and claim infringement upon.
“It’s hard to say why the suit was brought up,” Hoeg said. “Certainly if a suit gets kicked out *with sanctions* it wasn’t a very good one in the first place. It might be simply hubris or it may have been counsel encouraging a suit against a well-resourced party. The suit itself says [Brooks Entertainment] pitched a game to Activision between 2010 [and] 2015. That all said, the infringement lawsuit is awful, alleging infringement on such unprotectable concepts as: ‘Shon Brooks navigates through both exotic and action-packed locations and Sean Brooks navigates through both exotic and action-packed locations.’”
Hoeg went on to say it’s hard getting “actual sanctions imposed on you” because that would be a level of bad lawsuit filing well above just a simple dismissal.
“The court basically finds the whole argument crazy,” Hoeg concluded. “Brooks Entertainment even included Rockstar Games for no reason (which didn’t help their cause with the judge). So, the sanctions here are Brooks Entertainment [has] to pay for Activision’s legal fees and costs.”
While things may have ended well for Activision this time, the disparaged publisher is still causing legal headaches. The company was just blasted by Devil devs for union-busting. Again. Ugh.
Democrats are poised to pass their inflation bill, but they won’t be closing the carried interest loophole.
Sen. Kyrsten Sinema of Arizona ultimately opposed axing the tax provision, which benefits wealthy investors.
Calls to close the loophole have come from Presidents Obama, Trump, and Biden.
Both Donald Trump and Barack Obama would’ve likely supported Democrats’ latest attempt to narrow a tax loophole that benefits some of America’s wealthiest investors.
But Sen. Kyrsten Sinema of Arizona killed that effort. On this issue, she’s an outlier among most Democrats who favored either narrowing it or getting rid of it entirely.
“Senator Sinema said she would not vote for the bill, not even move to proceed unless we took it out,” Senate Majority Leader Chuck Schumer said on Friday. “So, we had no choice.”
It’s a loss Democrats had to swallow this week in order to get Sinema’s vote, as she’s been a key centrist holdout in getting Biden’s agenda passed in a 50-50 Senate. With that tax provision out of the way, the party reached a deal to pass within days a $740 billion bill investing in climate, healthcare, and the fight against inflation.
While the bill preserves a 1% tax on share buybacks, axing the plan to narrow the carried interest loophole means keeping a tax break largely benefiting wealthy investors that’s been a target of former presidents from both parties.
The carried interest loophole allows wealthy investors to treat profits from an asset sale like capital gains instead of income, which means they pay a lower tax rate. It mostly benefits hedge fund managers, real estate investors, and private equity executives, who tend to get their income from cuts of selling investments in real estate or businesses —rather than from a typical paycheck.
Their salaries are structured as assets, rather than a paycheck, and therefore subject to the capital gains tax rate, which is far lower than the income tax most Americans have taken from their paychecks.
Critics have argued that money earned from carried interest is ordinary — rather than investment income — and should be taxed at the 37% income tax rate for the highest earners as a result, rather than the lower capital gains rate of typically 20%. Tax experts previously told Insider that most Americans wouldn’t feel the impact of the proposed change.
“For the person at home, it’s not going to raise their taxes. It’s a loophole closer for very highly paid people who buy and sell companies,” Samantha Jacoby, a senior legal tax analyst at the Center on Budget and Policy Priorities, said.
That makes it a popular mark across party lines. Barack Obama made repeated efforts during his presidency to close the loophole, but was ultimately unsuccessful. Donald Trump campaigned on closing it as well.
“The hedge fund guys are getting away with murder,” Trump said in a 2015 interview. “They’re making a tremendous amount of money. They have to pay taxes.”
Once in office, an initiative that would have closed the loophole was introduced as part of the Republicans’ 2017 tax legislation. But due to significant lobbying from the investment industry, the item was ultimately scrapped and replaced by a more limited narrowing of the tax measure, requiring some investors to hold assets for three years before taking advantage of it.
Predictably, calls to close the loophole resurfaced again when Biden took office. Sinema, however, proved to be the biggest obstacle to Democratic ambitions time and again.
While the Senator has not spoken in depth on the issue, she opposed a similar interest initiative carried during negotiations of the Build Back Better Bill last year. She’s also spoken in the past about the “billion dollars each year” private equity investors provide to small businesses, hinting at a support for the industry. And of course, there’s been speculation that campaign contributions she received from investment firms played a role in swaying her as well.
“Kyrsten has been clear and consistent for over a year that she will only support tax reforms and revenue options that support Arizona’s economic growth and competitiveness,” a Sinema spokesperson said in a statement. “At a time of record inflation, rising interest rates, and slowing economic growth, disincentivizing investments in Arizona businesses would hurt Arizona’s economy and ability to create jobs.”
Even with Sinema on board, however, the Inflation Reduction Act would not have closed the loophole entirely, and would have only extended the waiting period from three to five years under its initial proposal — narrowing, not fully closing, the loophole.
In place of the carried interest provision, the Democrats have reportedly added a 1% tax on stock buybacks — when a company buys its own shares to raise the stock price and reward shareholders. While Democrats might have preferred the first draft of the legislation, the buyback tax could raise $125 billion over 10 years, much more than the roughly $14 billion narrowing the loophole was projected to generate over the same timespan.
Critics of stock buybacks have long argued the practice serves to enrich company shareholders and discourages investments in the business and its workers. Given stock buybacks increase share prices, some have argued that discouraging companies from doing so with a tax will ultimately lead to lower share prices — hurting investors big and small.
Others, however, believe companies will continue to dole out the same amount of money to shareholders, but pivot from stock buybacks to more dividends.
“I think the impact here is going to be more about how we cut the shareholder returns pie, rather than does it make any big changes to company investment,” Ben Laidler, global markets strategist at eToro, previously told Insider.
According to the latest rumours, Nvidia may beat AMD to the punch by releasing the next-gen RTX 40-series GPUs first. That’s right, plural GPUs, because there might be more than one graphics card model in store this year after all.
AMD is also getting ready to launch the new RDNA 3 graphics cards, but it seems that, much like with Nvidia, we may not see the whole lineup in 2023.
It’s no secret that the GPU arena is slowly heating up, and today’s rumors once again gives Nvidia an edge over AMD, although both Team Green and Team Red are readying up some exciting new releases for this fall. In his latest video of him, Moore’s Law is Dead talked about what we can expect from both of the key players in the graphics card market. As always, Moore’s Law is Dead refers to insider industry sources as he reports on what’s going on behind the scenes.
Let’s start with Nvidia. Previous reports told us that Nvidia may only be ready to launch a single graphics card this year, the high-end (and presumably expensive) RTX 4090. While this would be rough for the customers, it makes sense seeing as GPU prices are dropping rapidly and retailers have a lot of graphics cards lying around that still need to sell eventually. However, Moore’s Law is Dead claims that both of those problems have now been addressed by Nvidia.
In line with what the rumor mill has been buzzing about, Moore’s Law is Dead also speculates that Nvidia’s next-gen GPUs may be launching in October. Nvidia has allegedly already started sending out however details this week, mentioning an October launch without committing to a final date. The YouTuber says that there might be more than one RTX 40-series model launching at the same time, so we may not have to wait until 2023 to see more of the lineup.
One source claims that Nvidia has done some “big things” to address the current oversupply problem that Nvidia’s add-in board (AIB) partners are experiencing. Both AMD and Nvidia are also allegedly trying to convince their board partners to buy up the next-gen graphics cards early instead of waiting for the current generation to sell off.
The YouTuber also talked about the rumored performance of Nvidia’s next-gen cards, and it all sounds quite promising — especially because it lines up with previous leaks, giving it more credibility. Nvidia is reportedly zoning in on delivering the best performance possible from the three top GPUs in the “Ada Lovelace” lineup: The RTX 4090, RTX 4080, and RTX 4070. The latter was previously compared to the current-gen flagship RTX 3090 Ti in performance, and now, Moore’s Law is Dead echoes that prediction. If this proves to be true, the RTX 4070 is probably going to be one of the best graphics cards in terms of performance per dollar.
I’m not a chatterbox, but I have to make some updates. I hope you don’t mind. to possible RTX 4080, PG136/139-SKU360 AD103-300-A1 9728FP32 256bit 16G 21Gbps GDDR6X total power ~420W TSE ~15000 Now I have completed the latest update for 4090, 4080 and 4070.
We also have a bit of news about the RTX 4080, this time coming from Twitter leaker Kopite7kimi. The tipster predicted the specifications of the card, which is supposed to use a cut-down AD103-300 GPU, with the full version likely being put into the RTX 4080 Ti. Unfortunately, it seems that the specs might be worse than we initially thought, but the performance still sounds fantastic.
The rumored RTX 4080 is supposed to come with 9,728 cores as opposed to the 10,240 cores that previous leaks suggested we might be getting. Kopite7kimi also expects the GPU to come with 48MB of L2 cache and 16GB of GDDR6X memory as well as 21Gbps speeds and a 256-bit memory bus. Perhaps the juiciest piece of information is that Kopite7kimi predicts a TimeSpy benchmark score of around 15,000 for this GPU, which would make it up to 35% faster than the RTX 3090 Ti.
Moving on to AMD, it seems that while Team Red might beat Intel to launch the next-gen processors, it won’t make it in time to also beat Nvidia. Moore’s Law is Dead expects that AMD will drop RDNA 3 graphics cards in November at the earliest. In addition, it seems that AMD is also adopting a staggered release approach much the same way Nvidia seems to be doing. While we will get the high-end RDNA 3 graphics cards this year, such as the Radeon RX 7900 XT, we may not see the mid- to entry-level offerings until 2023.
These reports certainly bode well for Nvidia, but even if AMD will arrive at the party a little bit late, we will certainly see some competition between the two giants — which can only mean good things for those who want to buy a new GPU.
After a shocking upset loss to India in the quarter-finals at the Olympics last year, the Hockeyroos have a chance for revenge as they face off again for a spot in the Birmingham final.
Follow all the action from day eight in Birmingham with our live blog.
live updates
By Jon Healey
Hockey: Still 1-0 to Hockeyros through three quarters
Things are seriously tense at the University of Birmingham Hockey & Squash Centre.
Just one goal in the first quarter is all that separates Australia and India in this semi-final.
England awaits. Who will it be?
By Simon Smale
Key Event
Athletics: Steve Solomon makes the 400m final!
Get the spikes back out Steve! You’re running in the end on Sunday!
Great stuff for the Aussie, who qualifies in the last spot, but just 0.03 of a second, and will race in the final!
By Simon Smale
Athletics: Solomon still alive…
Steve Solomon told Channel 7 that he was happy to wrap his season up after that semi-final run.
He might still be in with a chance of sneaking into the final though, so he may want to reassess…
None of the non-automatic qualifiers managed to beat his 46.30 in that race, so there is still hope for the likable Aussie…
Jonathan Jones of Bahamas got the win in that second semi.
There’s one semi final to go…
By Simon Smale
Athletics: Steve Solomon will have to wait and see in the 400m
Solomon (right) tied up in the final 100. (Getty Images)
Steve Solomon has just finished in fourth place in his 400m semi final…
It looked like he really struggled in the home straight, far from fluid as the race really heated up having exited the final bend in a second.
From there though, he went backwards.
He has told Channel 7 that he just didn’t have the running in his legs after a rough six months of injuries and has resigned himself to not racing in Sunday’s final.
I ran to 46.30, which will unlikely be good enough to see him qualify, I’d think.
By Jon Healey
Hockey: Australia gets out of jail to keep lead at half-time
The Hockeyroos have lost their referral pretty dubiously.
Kaitlin Nobbs challenged a penalty corner ruling, and it looked for all money like she’d done so successfully, but the third umpire found a way to confirm it.
All this while Shanea Tonkin was serving time in the penalty box on a green card.
The penalty corner didn’t come off for India, and Australia kept its 1-0 lead at the break despite being pinned in their own quarter of the field for most of the period.
India had five penalty corners in the first half, but couldn’t capitalize, while the Hockeyroos’ sole goal came from the field via Rebecca Greiner.
By Simon Smale
Squash: The Battle of the Lobbans
We have a winner in the battle of the Lobbans…
And it’s Donna Lobban who gets bragging rights with her partner Cameron Pilley!
The Aussie pair (and defending champions) came from behind to beat Scotland’s pairing of Greg Lobban and Lisa Aitkin 3-0.
They won the final game 11-8 to complete the turnaround.
Donna told the Commonwealth Games media team that if Greg won he’d have to make dinner for a month…
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Does that mean dinners are on her for the foreseeable?
Perhaps after the Comm Games are over – Donna and Cameron have worked to do and a medal to win for Australia.
By Simon Smale
Athletics: Decathlon to go down to the wire
Lindon Victor has re-taken the lead in the decathlon after a superb javelin throw.
He leads The Gap’s Cedric Dubler by 161 points heading into the 1500m.
Daniel Golubovic is third, just four points behind Dubler after throwing a season’s best of 58.26m in the javelin.
Alec Diamond is fifth.
It’s ever so close and the 1500 will be a belter when it takes place at 6:30am AEST.
By Jon Healey
Hockey: Australia on the board in opening quarter of women’s semi-final
(Getty)
Looking for redemption for the quarter-final loss at last year’s Olympics, the Hockeyroos have struck first in the semi against India.
Rebecca Greiner did the damage from the field.
By Simon Smale
Key Event
Athletics: Australia will have one runner in the 200m final
Gutting news for Jacinta Beecher, who misses out on a spot in the 200m final by 0.12.
So near, yet so far for Jacinta Beecher (Getty Images)
Ella Connolly is the slowest of the qualifiers to make it through and actually ran 0.01 seconds slower than Jacinta Beecher.
But, because the qualification is done on placings in the semi finals (top two qualify automatically, plus the two fastest non-qualifiers) then Beecher misses out.
The favorite Elaine Thompson-Herah qualified fastest.
By Simon Smale
Athletics: Ella Connolly qualifies for the 200m final!
Ella Connolly gave it her all (Getty Images)
Oh my goodness that was so, so close!
did Ella Connolly get second there?
AND IT IS! By 0.01 of a second!
This is what 0.01 seconds looks like (Commonwealth Games)
At the moment, Jacinta Beecher is there too, by just 0.02 seconds…
But there’s one semi to go…
By Simon Smale
Squash: Battle of the Lobbans
Quick update from the University Squash Center and the wife has leveled things up at one game each after she and Cameron Pilley took the second 8 – 11.
It’s coming down to decide…
By Jon Healey
Hockey: Hockeyroos semi-final against India underground
This is for a spot in the final against England.
By Simon Smale
Athletics: 200m semi-finals
Getty Images
Jacinta Beecher has gone in the first semi final of the women’s 200m and I don’t think she’s done enough to get through, sadly.
Beecher came home in fourth spot with a time of 23.40, a fair way off her PB of 22.70 but she was running into a serious headwind of +1.9.
Like I said, I don’t think that will be enough to get one of the two fastest qualifying spots, but we’ll wait and see.
By Jon Healey
Key Event
🤕 Athletics: Nicola Olyslagers is out of the women’s high jump final
Australian Olympic silver medalist Nicola Olyslagers has had to withdraw from tonight’s high jump final with a calf injury.
She said it was “disappointing and devastating not to be able to compete.”
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“What was thought to be a tight calf after my qualifying round turned out to be a torn muscle in my jumping leg,” she said.
“Of all the emotions and shock I could feel in the moment, I still have peace. Winning bronze at the Commonwealth Games four years ago allowed my professional career as a high jumper to begin, it was a competition that changed the trajectory of my life .
“My prayer is that someone else’s dream comes alive tomorrow as I cheer them on from the sidelines. Let’s go cheer Eleanor on as she jumps for Australia so well out there.”
She is of course referring to world champion Eleanor Pattersonwho will be jumping in the final from 7:17pm AEST.
By Simon Smale
Squash: The Battle of the Lobbans
Remember the story of the husband and wife who are going up against each other in the mixed doubles quarter finals?
Well, they’re in action right now and first blood has gone to the husband Greg (of Team Scotland).
He and his partner Lisa Aitkin took the first game 11 – 9 against his life partner Donna and her cousin, Cameron Pillley.
This might read like a script from Bold and the Beautiful, but it’s not (although let’s not put it past them to get something in on it soon).
By Jon Healey
Key Event
🥉 Diving: Third medal in the pool this morning
Domonic Bedggood and Cassiel Rousseau finish third behind England’s Matty Lee and Noah Williams, and Canadian pair Rylan Wiens and Nathan Zsombor-Murray.
Lee won Olympic gold with Tom Daley last year, but this is his first Commonwealth Games medal.
Bedggood, meanwhile, has claimed his fifth Commonwealth medal and third bronze. He has gold in this event from Glasgow 2014, and won 10m platform gold in 2018, when he also won bronze in 3m and 10m synchro.
By Jon Healey
Key Event
🥉 Athletics: Sam Carter third in men’s T53/54 1,500m
Can Sam Carter and Jake Lappin emulate the efforts of Madison de Rozario and Angie Ballard from yesterday?
Not remove.
Sam Carter wins bronze in a superb race, led out hard by Canada’s Josh Cassidy, then Danny Sidbury of England made his move around the halfway mark, blowing Cassidy away.
Carter closed the gap, but brought him Englishman Nathan Maguire, who powered past Carter’s outside shoulder, then passed teammate Sidbury on the final straight to win gold.
Jake Lapin was fourth, five seconds behind Carter
By Jon Healey
Key Event
Diving: Aussies in the hunt in men’s 10m synchro
Domonic Bedggood and Cassiel Rousseau are in the bronze medal spot with two dives left.
England’s Matthew Lee and Noah Williams, and Canadian pair Rylan Wiens and Nathan Zsombor-Murray just look streets ahead.
They’ll duke it out for gold, while the Aussies try to hold off the other English pair of Ben Cutmore and Kyle Kothari.
By Simon Smale
Athletics: 400m semi-finals
England’s Victoria Ohuruogu has qualified fastest for the women’s 400m final after running a 51-flat in the first semi final.
She’ll be joined by compatriot Ama Pipi and Jodie Williams, but they’ll be hard up to beat World Championship bronze medalist Sada Williams, who looked very comfortable in cruising to victory in the second semi in a time of 51.59.
By Simon Smale
Hockey: England awaits in the final
Getty Images
England have just beaten New Zealand 2-0 in a penalty shoot out after a tight and tense 0-0 draw at the University Hockey Centre.
Getty Images
That means the hosts are in the final, where they await the winner of the second semi final between the Hockeyros and India.
That match is due to start at 5:15am AEST, so about half an hour or so.
South Brunswick police have ruled out criminal activity Friday after a witness on Wednesday reported seeing a woman bleeding from the face and yelling for help in a tractor-trailer cab on Route 130.
The case “appears to be a total accident,” said Jim Ryan, the deputy chief of the South Brunswick Police Department.
Early reports from officials said the truck driver pulled the woman back into the tractor-trailer cab Wednesday afternoon. The driver then traveled on Route 130 South before exiting at Ridge Road, police said.
Police found the woman and the truck driver together late in the afternoon on Thursday, officials said. Both agreed to come to police headquarters. Ryan said police ruled out foul play after speaking with both the driver and the woman.
Ryan said the woman and man are a married couple in their 50s. The man, who was driving the truck, stopped short when a car merged in front of them, he said.
This caused the woman, who was standing in between the cab and the sleeper, to fall forward and hit her head on a cupholder. She began bleeding and calling for help, Ryan said.
He added that the husband pulled over to the shoulder of the road. When the husband saw her bleeding, he pulled her back into the truck and drove her to get her medical attention.
“He doesn’t even realize that the witness reports that it is even there,” Ryan said. “He was n’t even aware that anyone even saw the interaction between him and his wife of him.”
Police received tips from across the country after asking for help from the public through social media, officials said.
The woman received medical care and has a bandage on her head, Ryan said. “We’ve ruled out any criminal activity,” he added.
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