Stem Cell Funding

I'm beginning to wonder if they refusal of the NIH/Bush administration has actually increased the total amount of funding:

a private foundation says it will give $50 million for such work to three Upper East Side medical institutions, a gift they say will position New York City as a player in an increasingly competitive field.

While this is a drop in the bucket compared to the $3 billion California is planning to spend, it is a lot more than the $200,ooo per year the South Korean government is said to give to the Hwang lab.