Tag "Prop. 71"
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Profiting from stem-cell public-private partnership
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
Read MoreCalif. stem cell research discovers white elephant
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
Read MoreCap and ‘Train’ Leaves the Station
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
Read MoreNew Stem Cell Boss Grabs $400K Salary
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
Read MoreStem Cell Boondoggle Seeks New Boss
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
Read MoreSilicon Valley Flunks 6 'Killer App' Tests
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
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