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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
ADVANCED CELL TECHNOLOGY IN THE SPOTLIGHT
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A baby company called Advanced Cell Technology (ACTC.OB) in August said it had developed a technique for establishing colonies of human embryonic stem cells from an early human embryo without destroying it. The hope is that President Bush might embrace this new method as meeting his principal objection to stem cell research. This breakthrough shows he has been right all along to wait for a better technique to turn up. But, according to the New York Times, Emily Lawrimore, a White House spokeswoman, suggested that the new procedure would not satisfy the objections of Mr. Bush, who vetoed legislation in July that would have expanded federally-financed embryonic stem cell research. Though Ms. Lawrimore called it encouraging that scientists were moving away from destroying embryos, she said: "Any use of human embryos for research purposes raises serious ethical questions. This technique does not resolve those concerns."
The White House's objections only affect federal research monies. You and I can do anything we want so long as we don't use Federal funds. The problem is that so much federal monies are used for basic health science research in the U.S. that most researchers get into a situation where they can't even use their pencils in their labs because somehow the Government paid for them.
Some states (like California) are trying to encourage stem cell research with state money. But fed money is so pervasive it puts a whole dampener on things. Recently a talented researcher friend fled the U.S. (and MIT) for the friendlier clime of Singapore which is funding this important research and encouraging scientists to settle there. Personally I find the whole U.S. situation disturbing. There is potential here to help so many important diseases, like Alzheimer's.
To read more on its breakthrough, click here.
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