More money for stem cell research--and jobs

Posted by: Michael Mandel on December 21

In the midst of a state financial crisis, Governor Jon Corzine of New Jersey just signed a bill giving $270 million for stem cell research in the state. The funds, according to the NYT, could “generate about $1 billion in economic activity and create thousands of jobs, according to a recent study from Rutgers University.”

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Reader Comments

Alfons Jorissen

December 22, 2006 11:38 AM

Certainly, optimism reigns our world.
Research on stem cell and further manupilation of genetics will in the end generate progress. Don´t count on it in the near future. 5 a. Politics just seem to use it as an hot source of profilation.

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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