The Stem Cell Gold Rush

From Wired News:

"Scientists around the country who study embryonic stem cells may be mourning four more years of President Bush's restrictive funding policy, but California scientists are throwing a party, and top researchers in less-funded states are hoping for invitations.

In the Golden State, stem cell researchers will see a windfall of $3 billion over the next 10 years, averaging about $300 million a year, thanks to the passage of Proposition 71, the California Stem Cell Research and Cures Initiative. It shouldn't be difficult to entice the best minds in the country to move to a place where their work is fully supported by a state known for its mild climate."