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Is it soup yet?
Posted on 08/03/2005 8:03:16 PM PDT by calcowgirl
PASSAGE OF LAST FALL'S INITIATIVE IS ALREADY BRINGING MONEY AND TALENT TO CALIFORNIA
Anyone who has been involved in a Silicon Valley start-up can appreciate the challenge facing the California stem-cell institute in its first year of operation.
Funding issues. A search for new facilities. Court challenges. A squabble with the Legislature over the degree of public oversight.
Despite those considerable obstacles, here's what California voters should know about their investment in making the state a world leader in stem-cell research:
It's working. Witness the evidence:
• The University of California-Los Angeles earlier this year announced that it was launching a $20 million stem-cell institute to investigate new approaches to HIV, cancer and neurological disorders. The funds will pay for a dozen new faculty positions and significantly expand the university's laboratory space.
• A Hong Kong billionaire, Li Ka-Shing, donated $40 million to the University of California-Berkeley in June to construct a new biomedical and health sciences building. Li completed the gift after receiving a pledge from Gov. Arnold Schwarzenegger that he is committed to bringing further stem-cell research to California.
(snip)
Talk to anyone in the field and they tell you that the day voters passed Proposition 71, the state became a magnet for the nation's top stem-cell researchers. So much so that other states are pushing hard to develop their own funding and programs. None have come close to emulating California's commitment.
The California Institute for Regenerative Medicine and researchers still have immense obstacles to clear and years of research to complete before realizing the ultimate goal of using stem cells to treat a wide range of diseases.
Financial concerns are among the institute's chief worries. It hopes to use bridge financing if necessary to help ramp up its operations, including to provide funding for its first grants...
(Excerpt) Read more at mercurynews.com ...
There will be more pigs at the trough.
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Is it soup yet?
Just think bond anticipation notes. :)
I swear that thing looks like Jimmy Carter.
When they start talking Bridge Financing, you know the Venture Capitalists are in charge. Why use their money when they can use taxpayer money?
I want to know what Li Ka-Shing's involvement is. This gets stinkier every day.
California's committment...
They don't have the funds to pay for this, so the state is trying to devise a way to issue promisary notes or some such. If that isn't all we need right now. And you know who, did sucker for this travesty. Scharzenegger
ROFL! It does!
And why is he making commitments to operatives from China? These crooks are buying their way in, donating dirty money to create a more favorable legacy. LKS was at the center of the Global Crossing scam, as well as Enron through his Husky Oil company and ownership of CIBC. Something is very smelly around here.
Yes, I'd agree. Just what we need, another clueless governor who's tied at the hip to Chinese with big money, especially with this guy's rep.
Not according to the minutes of the Commission...this article is B.S.!
I wonder what the Mercury News would have written about Mengele's experiments.
wow, I was all set to hear about the amazing breakthroughs already made. Instead, the "evidence" is that money is being spent. I guess it really is all about intentions and not about results.
He also is connected over here... see my post #3
http://www.freerepublic.com/focus/f-news/1456510/posts
Peachy! If I were connected in the UC system I could make a lot of dough, but I'd have to live in California again. No thanks.
But heh boys, dig in! The sooner the state is financially broken the sooner those liberal running it will be run out.
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