Schwarzenegger Orders California to Start Stem Cell Research
by Last Night in Little Rock
Yesterday, the day after President Bush vetoed the federal stem cell research bill, California Governor Arnold Schwarzenegger ordered the state finance director to loan up to $150M to "the state's voter approved stem cell research institute, catapulting California into the lead as the nation's top public funder of the divisive research."
The California system is based on a $3B bond issue that is in litigation, but a state trial judge upheld the system in a "strongly worded ruling" that is subject to appeal. Schwarzenegger ordered the loan even though it is possible it might not get repaid.
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