Charles Halpern's open letter on bond sales and conflict of interest to the CIRM Finance Committee
By Charles Halpern
| 05. 05. 2005
To Members of the California Stem Cell Research and Cures Finance Committee
Dear Chairman Angelides and Committee members:
The California Stem Cell Research and Cures Finance Committee ("the Committee") plays a critical role in the structure of Proposition 71. It is charged by Section 125291(a) to "determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this article…and, if so, the amount of bonds to be issued and sold." In other words, the Committee has gatekeeper responsibility -- deciding when and if bonds will be issued, and in what amounts, based on its determination regarding necessity and desirability.
The "necessary or desirable" determination is particularly important in this instance because the Treasurer, the Controller, and the Finance Director are the only officials answerable to the electorate who have a role in overseeing the expenditure of public funds by the California Institute for Regenerative Medicine (CIRM). The voters who supported Proposition 71 expect that no bonds will be issued until the Committee has concluded that it is necessary and desirable to do so, after giving careful...
Related Articles
Artificial Intelligence (AI) has been a major focus of news recently, as it should have been, under the appropriately ridiculous name of Hugging Face, “a leading collaboration platform and community hub for machine learning, artificial intelligence, and data science.” In July, Hugging Face was hacked. The platform itself responded:
Earlier this week, we detected and responded to an intrusion into part of our production infrastructure. This one was different from anything we had handled before in one important way...
By Gay Pasley, Essence | 09.04.2026
That is what makes the unfolding case of McKenna West so important. It is more than a disagreement about abortion or a dispute over a surrogacy contract. It asks whether an agreement signed before a pregnancy can become authority...
By Anna L. Philippe, Pop Panic | 09.17.2026
What does it mean when education is considered a threat to population? As an education student, I am interested in the ways population panics are essentialized and circulated in formal education settings. Schools can play a major role in shaping...
By Ava Kofman, The New Yorker | 09.15.2026
A WOMAN WHO ACTS AS A SURROGATE, carrying a child for someone else, is said to be going on a “journey.”
Kayla Elliott started her surrogacy journey at the age of twenty-six. She gave birth to a baby girl for...
