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Have some in Sacramento come ot their senses? Have they finally realized the so-called stem cell research plan is a failure and really a way to transfer tax dollars to special interests?
"In the California Stem Cell Research Institute press release for the opening of the new building, no mention was made of how these funds could just have gone for funding stem cell research within the existing scattered university biomedical programs in the state — without having to build a redundant research facility. Neither is there any report of how this building and the stem cell research center may compete with parallel efforts by biomedical venture funds that don’t risk public capital.
The $300 million authorized each year for state funded stem cell research under Prop. 71 totals $3 billion over 10 years. But in the “California Biomedical Industry 2010 Report” by Price-Waterhouse-Coopers, that doesn’t even amount to a half-percent (0.40 percent) of the total $75.9 billion estimated revenues generated by biomedical research in 2008 in California."
Why do we really need this multi-billion slush fund? "One anonymous online commenter, who seems to make a career of trolling websites as an advocate, portrays stem cell research as a high-tech race for economic development and says that stem cell research will be a cure-all for our economy and human health:
Education budget being slashed? California Institute for Regenerative Medicine (CIRM) will educate plenty of graduate students.
Infrastructure unrepaired? CIRM will bolster the infrastructure around Giants’ stadium (whatever it’s called)."
Like Redevelopment Agencies, this is a slush fund and the people lose homes and jobs and special interests gain mansions.
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"In the California Stem Cell Research Institute press release for the opening of the new building, no mention was made of how these funds could just have gone for funding stem cell research within the existing scattered university biomedical programs in the state — without having to build a redundant research facility. Neither is there any report of how this building and the stem cell research center may compete with parallel efforts by biomedical venture funds that don’t risk public capital.
The $300 million authorized each year for state funded stem cell research under Prop. 71 totals $3 billion over 10 years. But in the “California Biomedical Industry 2010 Report” by Price-Waterhouse-Coopers, that doesn’t even amount to a half-percent (0.40 percent) of the total $75.9 billion estimated revenues generated by biomedical research in 2008 in California."
Why do we really need this multi-billion slush fund? "One anonymous online commenter, who seems to make a career of trolling websites as an advocate, portrays stem cell research as a high-tech race for economic development and says that stem cell research will be a cure-all for our economy and human health:
Education budget being slashed? California Institute for Regenerative Medicine (CIRM) will educate plenty of graduate students.
Infrastructure unrepaired? CIRM will bolster the infrastructure around Giants’ stadium (whatever it’s called)."
Like Redevelopment Agencies, this is a slush fund and the people lose homes and jobs and special interests gain mansions.
More...