Posts Tagged ‘Prop. 71’

Profiting from stem-cell public-private partnership

Saturday, July 12th, 2014

While governor, Arnold Schwarzenegger loved to tout "public-private partnerships"; another phrase for which is "crony capitalism." One such partnership he backed was Proposition 71 back in 2004, which allocated $3 billion to fund stem-cell research. Except that, with interest, the payback amount ...

Calif. stem cell research discovers white elephant

Friday, May 4th, 2012

May 4, 2012 By Wayne Lusvardi  Now that stem cells have become obsolete, can California’s entrenched stem-cell research bureaucracy be phased out?  Or will it continue as a white elephant as the state’s budget deficit problems worsen?  Last week it was announced that, for the first time, h...

Cap and ‘Train’ Leaves the Station

Tuesday, January 31st, 2012

JAN. 31, 2012 By WAYNE LUSVARDI Gov. Jerry Brown just proposed a new idea for financing California’s $100 billion high-speed rail project: Use the fees from the state’s Cap and Trade emission taxation program to fund it. This new hybrid between Cap and Trade and High-Speed Rail is likely to b...

New Stem Cell Boss Grabs $400K Salary

Monday, July 11th, 2011

JULY 11, 2011 By WAYNE LUSVARDI People are upset. The Los Angeles Times reported that the new chairman California stem cell research center, Jonathan Thomas -- an investment banker -- will draw a salary of more than $400,000 per year.  Current Chairman Alan Trounson also makes a salary of $490...

Stem Cell Boondoggle Seeks New Boss

Monday, June 20th, 2011

JUNE 20, 2011 By K. LLOYD BILLINGSLEY The California Institute for Regenerative Medicine (CIRM), the state stem-cell agency, is looking for a new boss. The quest for a new leader, and possibly more public money, has shifted attention from CIRM’s lack of results. CIRM was created by Proposition ...

Silicon Valley Flunks 6 'Killer App' Tests

Monday, March 14th, 2011

MARCH 14, 2011 BY WAYNE LUSVARDI Last month with Silicon Valley elites, President Obama raised a glass of wine to toast the area's success. He was repairing his self-damaged image with big business. But a symbolic Sword of Damocles hovered over the meeting. Apple Computer employs 30,000 workers,...