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Thread: $58 million in Calif. stem cell grants delayed oops!

  1. #1

    Cool $58 million in Calif. stem cell grants delayed oops!

    $58 million in Calif. stem cell grants delayed
    The Associated Press
    Posted: 01/31/2009 10:52:56 AM PST


    BURLINGAME, Calif.—The governing board of the California stem cell agency is delaying $58 million in research grants at least until March because of the poor economy and credit market.
    The money was tentatively approved Friday to train researchers at six San Francisco-area institutions including Stanford University and the University of California campuses at San Francisco and Berkeley.

    more...

    http://www.marinij.com/ci_11599045

  2. #2
    Quote Originally Posted by manouli View Post
    $58 million in Calif. stem cell grants delayed
    The Associated Press
    Posted: 01/31/2009 10:52:56 AM PST


    BURLINGAME, Calif.—The governing board of the California stem cell agency is delaying $58 million in research grants at least until March because of the poor economy and credit market.
    The money was tentatively approved Friday to train researchers at six San Francisco-area institutions including Stanford University and the University of California campuses at San Francisco and Berkeley.

    more...

    http://www.marinij.com/ci_11599045

    what's month gonna change?
    Han: "We are all ready to win, just as we are born knowing only life. It is defeat that you must learn to prepare for"

  3. #3

    With a $42 BILLION deficit that ain't all that's been delayed...CA going down ?

    $58 million's just a drop in the bucket, check this out:

    CA Controller to Suspend Tax Refunds, Welfare Checks

    Evan Halper, Los Angeles Times
    January 16, 2009

    SACRAMENTO -- State Controller John Chiang announced today that his office would suspend tax refunds, welfare checks, student grants and other payments owed to Californians starting Feb. 1, as a result of the state's cash crisis.

    Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.

    The controller said the suspended payments could be rolled into IOUs if California still lacked sufficient cash to pay its bills come March or April.

    "I take this action with great reluctance," Chiang said at a news conference in his office. But he said that without action to close the deficit, "there is no way to make it through February unscathed."

    The payments to be frozen include nearly $2 billion in tax refunds; $300 million in cash grants for needy families and the aged, blind and disabled; and $13 million in grants for college students.


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