California OKs stem cell measure

So, Proposition 71 passed in California, and a new $3B institute for stem cell research will be established.  Whether this will be a boon to medical research or a boondoggle for the fiscally-challenged state remains to be seen.  Naturally a phalanx of researchers are writing grant applications in realtime to get a piece of the pie.  This could be, as Wired Magazine notes, The Stem Cell Gold Rush.