Category: qnqmoltb

Ela Murray champs of U12 School Kriket

first_imgGordons went into bat first and after a good start were cruising at 3/29 thanks to 10 runs from the Finance Minister’s son, Junior James Marape.But the loss of two quick wickets saw them slip to 5/36 after the 10 allocated overs. Ela Murray’s Mason Black was the top bowler taking 2/0. Black led the way again, this time with the bat, belting 17 runs in his side’s run chase. His knock included 4 fours.Black’s dismissal brought to the crease Harry Hando who with Eashan Raju steered Ela Murray home to an easy win after only 6 overs.last_img read more

Army to soldier on with breakthrough PVL win

first_imgCloudy skies over Luzon due to amihan St. Benilde enters Filoil semis, clips UP Bicol riders extend help to Taal evacuees Taal victims get help from Kalayaan town He lauded his men for grinding out the win despite being the underdogs of the tournament.“We never gave up in even if we looked outmatched against the opponents,” de Guzman said. Ivan Ruiz L. SuingSports Related Videospowered by AdSparcRead Next Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Tim Cone, Ginebra set their sights on elusive All-Filipino crown The Philippine Army will take a five-set win any day in Premier Volleyball League Reinforced Conference–considering the stakes.Troopers head coach Rico de Guzman said a winless campaign this conference could have prevented the team from joining other tournaments.ADVERTISEMENT “If we lost today’s game, our commander might not allow us to play in the next conference,” de Guzman said in Filipino.Philippine Army suffered back-to-back losses in the quarterfinal round before they struck gold against Instituto Estetico Manila in five sets on Wednesday.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe win was a sigh of relief for the Troopers as they finished the conference at fifth place with a 1-2 win-loss card.They were earlier advised to stop participating in tournaments if they could not produce any wins. Christopher Tolkien, son of Lord of the Rings author, dies aged 95center_img LATEST STORIES Volcano watch: Island fissures steaming, lake water receding In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Jury of 7 men, 5 women selected for Harvey Weinstein rape trial Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award MOST READ Don’t miss out on the latest news and information. View commentslast_img read more

Private Sector placed in uncompetitive position due to higher taxes – financial…

first_imgBy Samuel SukhnandanHigher taxation will cause systemic damage to the country’s economic framework and has the potential to drive businesses away to invest elsewhere, financial analyst Sasenarine Singh has cautioned.Singh told Guyana Times on Sunday that increased taxes in Guyana have already led to an upsurge in the cost of production, which is driving the Private Sector into a more uncompetitive position.“So, you will find this increase in taxation has resulted in a productivity decline for the Private Sector over the last 12 months. The Private Sector needs to be the engine of growth to drive the new frontier of economic expansion that can fuel the new jobs, but these new taxes in the 2017 National Budget are working against this entire protocol of creating new jobs and new economic activity,” Singh asserted.Putting things into perspective, the financial analyst explained that when one looks at the Private Sector, there have not been any tangible investments at least in the past two years.This is something that Business Minister Dominic Gaskin has acknowledged. The Minister said in early April that investors were interested in political and economic stability, rule of law, the integrity of public officials, physical security and the ease of doing business.Gaskin had further acknowledged that Guyana was not a high-ranked country in any of these areas and cited the need to improve the business environment so that the country could gain an advantage over its competitors.Meanwhile, Singh, a US-based Guyanese financial expert, argued that investors go to places where they can have a better return on their investment, access to a motivated workforce and the cost of production is relatively lower. He said countries with lower taxation were likely to attract more investment than those with higher taxation.“Even though this may be a bonus for the Granger Administration in the short term, in the long term, it’s a bad thing for the country to have such level of taxation,” he opined.Capital flightSingh cautioned that while some businesses have been engaged in moving their financial assets and capital to other countries, commonly referred to as capital flight, this could actually expand into something much larger.“More and more business people will go in that direction and invest in places like Grenada and Saint Lucia which have more favourable investment climates than Guyana right now. A lot of Guyanese businesses are going to start diversifying in Caribbean islands so that they can continue to make profits,” he added. “Business people have no time to waste with backward policies; they move their capital where they can make a reasonable return.”Singh told this publication that while Government revenue was increasing, there was a segment of society that was funding this increase in revenue.“Is it the working class? If it’s the workers of Guyana, then it’s a regressive tax because all it is doing is taxing the poor to fund a Government operation that is not necessarily efficient and effective,” he stated.He acknowledged that there was a need to conduct more studies to determine the impact these new taxes such as the tax on electricity, water, and private education, was having on working class people.“I know for sure the tax on electricity has adversely impacted the masses, which means that they have less money available to buy basic food items because they have to find new monies to pay for electricity.”Drawing boardIn order for Government to prevent further damage, Singh is advising that it goes back to the drawing board and seriously considers implementing some of the recommendations that were made by the Tax Reform Committee back in February 2016, that it helped to set up.The Committee had recommended that Government lower the Value Added Tax (VAT) to an intermediate rate of seven per cent, raise the income tax threshold to $750,000 with progressive rates of taxation from 20 per cent to 35 per cent, and reintroduce estate duties and levies on tobacco and alcohol.“They are not consulting that document enough. They were all favourable ideas for a long-term strategy to make Guyana more tax balanced,” he asserted.At present, Singh believes that the poor are being taxed too much and the business community is being pushed out of its competitive zone as a result of the high level of taxation.Singh said he was also certain that Government has made up its mind to continue this higher level of taxes because it was the lazy thing to do.“The mindset in the Government: comes hell or high water, they are not going to budge on any of these measures in the 2017 budget. But any sensible policymaker will realise that even though the short-term impact on revenue is good, the systemic damage to the economy is devastating,” he stated.He cited the need for Government to become more efficient because he strongly believes that it was extremely inefficient with regard to the way it was spending taxpayers’ money.“Because they are so inefficient and they have to tax more to spend more, they are basically crowding out the Private Sector from spending and investing,” he added.The financial analyst also pointed to the state of the loan portfolio at the commercial banks, which is deteriorating because a greater portion of the loans is going bad.“And this is because people can’t pay their debt on time. Businesses and people are less capable now, compared to two years ago, at servicing their loans at the bank and this will have an adverse systemic effect across the financial system,” he added.According to the Monthly Economic Bulletin for March 2017 produced by the Finance Ministry, Government’s year to date current revenues amounted to $21.4 billion for the period up to February 2017 compared to $17.4 billion collected during the same period in 2016. VAT collection for the period to February 2017 amounted to $6.1 billion, a 5.5 per cent growth compared to 2016. This is mainly attributed to the VAT on electricity and water, and expansion in VAT was due to growth in the value of imports. The excise tax grew by 67 per cent in the period up to February 2017 and this is mainly the result of the higher recovery of taxes at the fuel pump.Singh pondered, “Should this not beg the question, to ease the pressure on the cost of living, should we not reconsider the size of the excise tax on petroleum products which will positively help the farmers, the minibus operators and the economy in general?”last_img read more

Wilson in top spot at Honda Classic

first_imgMark Wilson has been to the PGA Tour’s qualifying school 10 straight years, and has gotten so used to the drill that he just assumes it’ll be part of his schedule. And Boo Weekley is probably best known for wearing camouflage pants and tennis shoes earlier in his career. An unlikely pair, for certain. Walker ClassicSouth African Richard Sterne held a one-shot lead after the third round of the Johnnie Walker Classic, turning in his second consecutive 8-under 64 in Thailand. Sterne, who is at 13-under 203 for the three days at the Blue Canyon Country Club, was one shot ahead of second-round leader Oliver Wilson of Britain. South African Anton Haig was a shot further behind at 205, followed by Richard Lee of New Zealand at 207. Retief Goosen was five shots off the lead at 208, Colin Montgomerie was at 209 and Ernie Els was at 210. Sterne started so poorly on Thursday, with a 75, that he packed his bags in anticipation of an early exit from the tournament. “After shooting 3 over, I’d actually brought my bags to the golf course on Friday because the flight was at 8 p.m.,” he said. “A bit of a change around, but I have played good golf and I made good putts and that sort of makes a big difference.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! But they’ll be the final group Sunday at the Honda Classic. Both shot 4-under 66s Saturday in the third round at PGA National, good enough to put Wilson atop the leaderboard at 6 under and Weekley alone in second, one shot behind entering the final round – where both will seek their first career tour victory. center_img “If I can walk off that green and know I’ll be exempt through 2009, it’ll be just a great feeling,” Wilson said. “But it’s more about the journey, enjoying the whole journey that I’ve gone on. I played in the 1991 PGA Junior here, for instance. … And here I am, 16 years later, with a chance to win on the PGA Tour.” Wilson is 0-for-110 on tour, with a world ranking of 265. And Weekley – a guy from the Florida Panhandle who speaks with a drawl and is still blown away by the fact that pro golfers get free golf clubs – hasn’t won any of his other 30 starts, with a world ranking of 196. “When I played the practice round, I didn’t think I had a chance,” said Weekley, who had his first career top-10 tour finish in Mexico last week. “The golf course, I didn’t think it was set up for me real well.” Daniel Chopra (68) was third at 4 under, and Steve Stricker (70) and Charlie Wi (72) were tied for fourth at 3 under. Robert Allenby (73), who entered the day tied for the lead with Wi, was 4 over on the back nine and was alone in sixth at 2 under. Over the past 11 years, the Honda winner has been someone without a previous victory on tour, a list that includes the likes of Padraig Harrington, Todd Hamilton and Stuart Appleby. last_img read more

Croatia on fire after World Cup ‘miracle’

first_img0Shares0000Croatia fans in Zagreb celebrate the World Cup semi-final win over England which sets up a first ever appearance in the final © AFP / Denis LovrovicZAGREB, Croatia, Jul 11 – Tears and cries of joy, hugs and chants, firecrackers and flares — Croatia was on fire late Wednesday after their victory against England set up a first ever appearance in a World Cup final.“Croatia in World Cup finals! It is so beautiful! Miracle of all miracles in Russia!” the state-run HRT television commentator Drago Cosic shouted ecstatically. Croatia beat England 2-1 in extra-time thanks to a Mario Mandzukic goal in the second period of extra-time to book a date with France in Moscow on Sunday.Thousands of fans gathered at the country’s largest fan zone in Zagreb’s main square, braving intermittent rain to cheer on the “Fiery Ones” (Vatreni) on a giant screen.“We don’t intend to stop now,” coach Zlatko Dalic assured HRT.Popular song “Play my Croatia” was played on radio stations and waiters, shop workers, TV presenters and nurses donned red-and-white jerseys.Some stores closed early to enable employees to watch the match, with various concerts, plays and cinema screenings cancelled.The side led by Luka Modric have been feted as national heroes for their run to the last four in Russia.They matched the feat of their predecessors in 1998 who reached the semi-finals in the country’s first World Cup as an independent nation.But on Wednesday night Dalic’s players did even better, securing a historic first World Cup final for the country of about four million people.0Shares0000(Visited 4 times, 1 visits today)last_img read more


first_imgFine Gael TD Joe McHugh has said that Minister for Finance Michael Noonan TD’s third budget, announced today, as “a tough set of measures that is pro-enterprise and offers hope to Donegal’s core industries.Joe McHugh TDReacting to Minister Noonan’s Budget 2014 speech from his Leinster House office, Deputy McHugh said “Today the Government has announced a Budget for the next 12 months which includes many tough measures. This country has reduced its spending-receipts deficit from 30% in 2010 to 4.8% in 2013.“That massive but necessary adjustment involves changes that are difficult for many ordinary people. Minister Noonan’s budget today includes tough measures, is pro-enterprise and offers hope to Donegal’s core industries. “This is a pro-enterprise budget. The Budget’s 13.5% tax break on investment in home renovation, up to a maximum of a €3,400 tax break on investment of up to €30,000, will give life to local construction contractors, who are a backbone of the local economy.“The decision by the Minister for Finance to maintain the lower rate of VAT at 9% is a relief for the tourism industry, which is crucial for Donegal. The industry has acknowledged that the reduction by Fine Gael of the lower VAT rate to 9% in 2011 has created and sustained jobs in tourism and hospitality across the country. The measure was to be temporary and was to end in 2013. Today’s announcement that it will continue is important for Donegal tourism enterprises.”He added that Budget 2014 offers a two-year income tax holiday to people currently on social welfare who set up new businesses.“This is a very attractive activation measure. I know many people in Donegal who are currently out of work and who have good business ideas but who are caught in a welfare trap. This measure may give these people the opportunity to move into entrepreneurship. “The Budget is pro-family. The burden of the Celtic Tiger collapse is being borne by many young couples, many of whom are crippled with Fianna Fáil-era mortgages. Free GP care for children aged 5 and under will be an important support for these hard-pressed families. I am also pleased that Budget 2014 guarantees that the pupil-teacher ratio will not increase. The announcement that 1,400 new teachers will be recruited in Irish schools in the next 12 months is welcome.“2013, and particularly last winter and last spring, proved to be historically difficult for farmers. Budget 2014 acknowledges this with a new suckler cow support scheme worth €60 per suckler cow.“The Irish people tasked Fine Gael and Labour in 2011 will building a new Ireland from the ruins of an economy that had been conceded to the European Central Bank. Today’s budget, though tough, represents another important step on the steady road to a brighter future.” BUDGET REACTION – McHUGH SAYS TOUGH BUDGET IS PRO ENTERPRISE was last modified: October 15th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Budget 2013deputy joe mchughlast_img read more


first_imgUlster Under 21 Hurling Shield FinalTyrone 0-16Donegal 2-8 Donegal’s Under-21 hurlers can hold their heads high after going down by just two points against Tyrone in the final of the Ulster Under 21 Hurling Shield in Celtic Park, Derry on Wednesday evening.Tyrone stormed into the game from the start and had built up a six point lead before Donegal registered their first score with a point by Christopher Bonner on 12 minutes.The outstanding Damian Casey was dominating midfield and his five early scores included four frees and a brilliant solo effort. Two Donegal pointed frees from Ronan Mc Dermott and Justin Browne were cancelled out by strikes from Mark Mullan and Ciaran McCrudden.Four further Casey frees in the last ten inutes of the first half extended Tyrone’s lead. A point on the stroke of half-time from Donegal’s Colm Kelly still left his team with an uphill task at the break, trailing by seven points 0-11 to 0-4. The second half was marked by a strong defensive display by Donegal,with Padraig Doherty driving his team forward. Turning possession into scores proved difficult for both sides.Donegal senior Ronan McDermott saw a 20 metre free rebound off the crossbar. Brian McGurk then extended Tyrone’s lead on 40 minutes.Three Donegal points followed from Browne, Bonner and Conor McCormack, and going into the final ten minutes a comeback seemed possible. However, three Casey frees and a point by Kiefer Morgan left nine points between the teams with five minutes remaining.Donegal were not finished yet!An opportunist goal on 26 minutes by the ever dangerous corner foward Colm Kelly was followed almost immediately by a long range Browne free. Kelly then struck again with two minutes left. Winning a long ball into the square he rounded two defenders before firing an unstoppable shot to the net. With the margin down to two points Donegal belatedly threw everything at the Tyrone defence. Despite a number of half chances time eventually ran out for Donegal and Tyrone held on for a deserved win. Tyrone: Conor McElhatton, Mark McCrory, Conor McNally, Gavin McNamee, Liam Armstrong, Tiarnan Morgan, Dermot Begley, Damian Casey (0-12, 11f), Gerard Gilmore, Eamonn Duffin, Kiefer Morgan (0-1), Ciaran McCrudden (0-1), Brian McGurk (0-1), Mark Mullan (0-1), Matthew Mulgrew. Subs: Kevin Gormley (35 mins), Dwyer Marshall(48 mins), Sean O’Hagan (50 mins), Ruairi Devlin, Michael Maneely, Michael Donnelly, Patrick Quigg, Caolan Devlin.Donegal: Dylan Laverty, Fintan Culhane, Padraig Doherty, Mark Callaghan, Christopher McDermott, Shane Gallen, Colm Flood, Justin Browne (0- 3, 3f), Conor Parke, Ronan McDermott (0-1, 1f), Conor McVeigh, Christopher Bonner (0-2), Bernard Lafferty, Conor Gallen, Colm Kelly (2-1). Subs: Conor Mc Cormack (42 mins, 0-1), Ciaran O’Leary, Ryan Duffy, Eoin Friel, Gavin Browne, Sean Curran, Colm Melaugh, Joe Alvey, Jamie Brennan, Gavin McGrath, Gareth Quinn.DONEGAL U-21 HURLERS CAN HOLD THEIR HEADS HIGH AFTER NARROW FINAL DEFEAT was last modified: June 20th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:DONEGAL U-21 HURLERS CAN HOLD THEIR HEADS HIGH AFTER NARROW FINAL DEFEATlast_img read more


first_imgComhghairdeas lenár n-imreoirí faoi aois uilig a bronnadh boinn agus duaiseanna orthu in Áislann Rann na Feirste Dé Domhnaigh. Is ócáid iontach tábhachtach seo don chlub agus tá muid sásta an t-aitheantais a thabhairt dóibh don obair uilig a chuir siad isteach i rith na bliana. Bhí tráthnóna iontach againn uilig agus ba mhaith linn ár mbuíochas a chur i iúl do Chiarán Campbell, cathaoirleach bord minor an deiscirt a bhí i láthair le cupa na craoibhe faoi 14 a bhronnadh ar chaptaen na foirne, Shane Ó Baoighill.Tá an club fíor bhuíoch do lucht bainistíochta agus daoibhse uilig a chuidiú le cluichí agus traenáil faoi aois ar dhóigh ar bith i rith na bliana.The Bord na nÓg AGM will take place on Sunday 22nd November at 6pm in the Clubhouse and we ask for anyone interested in helping in any way to come along. The senior board of the club will hold it’s AGM on Sunday 29th November at 7pm also in the clubhouse.The Naomh Muire calendar is now on sale in all local shops. It is full of club photographs and at €10 makes a great Club momento for the whole community as well as our overseas friends throughout the upcoming 2016.Tickets for the upcoming dance show, Rí Rá go on sale this Saturday, 14th November. They will be available in Siopa Chroithí, The Cope in Anagaire as well as other local shops. A second night, Friday 27th November has just been announced. This first night will be the Premiere and will have child friendly admission price of €10 with Adult tickets, €15. Saturday night will be Adults only. Jigsaw Donegal are our partners in the event which is our part in highlighting where help and support is available in the promotion of positive Mental Health. Rí Rá 2015 is a positive initiative and great credit in advance is given to the 28 young dancers, their tutors and the local organisers who are doing trojan work. Please support Rí Rá 2015.Convoy beat our under 13s in the county semi on Sunday. The boys put in a good battling performance against a very good Convoy side. Our lads did extremely well to get to this stage and they can be proud if their efforts.Well done lads.GAA NEWS: NAOMH MUIRE CALENDAR NOW ON SALE FOR JUST €10 was last modified: November 11th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GAASportlast_img read more


first_imgFlooding in Glen Village, Carrigart. No diving allowed.The Gardaí making sure nobody is illegally parked outside the hospital.Christina Coyle goes for a paddle!!It was a field, now it’s a lake in Carrigart.These images above show the devastating impact the flash flooding had yesterday in different parts of Donegal. The pictures above were sent in to us by Christina Coyle and Paul Doherty.The extent of the flooding in Glen Village outside Carrigart was evident from the images above with an extensive amount of damage being done to a number of properties in the area.While outside Letterkenny General Hospital, you see the bizarre image of a lifeguard surveying the flooding situation outside the hospital.If you have any images of the flooding in your area then send them into us at PICTURES SHOW DEVASTATING EFFECT OF FLASH FLOODING IN DONEGAL was last modified: August 6th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:FeaturesFLASH FLOODINGLetterkenny General Hospitalnewspicture speciallast_img read more

San Francisco can have institute

first_imgAlthough Mayor James Hahn fumbled badly in his efforts to get the California Institute for Regenerative Medicine to set up shop in Los Angeles, his bungling could prove to be more a blessing than a curse. Seventeen cities fought over the chance to play host to the new bureaucracy that’s charged with doling out $3 billion for embryonic stem cell research. They dreamed of corporate fat cats and academic geniuses gathering in their midst, cutting huge deals and drawing worldwide acclaim as they triumphantly cure one malady after the next. The cities offered whatever they could to woo CIRM into town. San Francisco, the eventual winner, had to pony up no-rent waterfront offices, office furniture, access to conference facilities at the Giants’ baseball stadium, free hotel rooms and limousine service. But those dreams of hipness, glamour and being witness to the Next Big Thing may have all been for naught. Because for the roughly 50 employees who will man CIRM’s headquarters, the future may consist of little more than decorating those swank offices and making trips to the courthouse. There are currently two separate lawsuits aiming to block the California Stem Cell Research and Cures Initiative — or Proposition 71, which voters approved in November after a campaign in which deep-pocketed proponents outspent the opposition 62-1. The lawsuits claim that CIRM is riddled with conflicts of interest, and that it’s unconstitutional because its oversight committee dispenses state money without the oversight of elected state officials. Whether or not these claims sway the judiciary remains to be seen, but as long as they exist, Wall Street won’t buy the $3 billion in bonds that CIRM needs for its biotech spending spree. While the litigation continues, CIRM’s operations are indefinitely on hold, and should either of the lawsuits succeed, the entire enterprise could be doomed. That prospect has supporters desperate to come up with cash to tide the organization over for a while. One suggestion is to hit up private sponsors, but that’s problematic. The reason embryonic stem cell researchers need public funding at all is that the technology has yet to yield any tangible results. Venture capitalists would rather put their money into research on adult stem cells, which have already produced actual cures. Consequently, state Treasurer Phil Angelides has proposed an alternative plan: floating $200 million in short-term, higher-interest bonds, albeit with the catch that, depending on what becomes of the lawsuits, lenders might never get paid back. But it’s hard to imagine that too many banks or businesses would jump at taking on that kind of risk — unless, of course, they have a stake in how CIRM eventually dishes out its billions. Biotech interests, for example, may find it worth their while to curry favor with the stem cell grant-givers by spotting the big-business equivalent of a payday cash advance, but. But then, it’s that kind of conflict of interest that got CIRM into trouble in the first place. A dirty little secret about Proposition 71 is that it places virtually no ethical safeguards on how CIRM goes about its business. Its oversight committee is mostly exempt from state conflict-of-interest and open-meeting laws, which is significant, because members may have a stake in the institutions upon which they will heap millions in taxpayer-financed research grants. Proposition 71 also bars the Legislature from exerting any regulation over the institute for three years — and even then only with a 70 percent vote in both houses, thus all but ensuring that CIRM will never be answerable to anyone. CIRM’s Independent Citizens Oversight Committee thus finds itself in the enviable position of being its own ethical watchdog. It gets to craft its own rules and bylaws, and it gets to determine what information, if any, it shares with the taxpaying public. Not surprisingly, it has opted to take a rather permissive view of how members can go about conducting their business. Sometime before the institute starts distributing grants, it will also get to establish its own ethical guidelines for the research it will fund — another example of the roosters guarding the henhouse. Back during the Proposition 71 campaign, proponents wouldn’t even acknowledge that there are ethical questions connected to the deliberate creation, cloning and destruction of human life for purposes of scientific experimentation. So expect the limitations on CIRM-funded science to be like the limitations on CIRM overseers’ conflicts of interest — pretty much nonexistent. None of which bodes well for a movement that promised nothing short of miracles — the lame will walk, a cure for Alzheimer’s, an end to Parkinson’s, all just around the corner — on the basis of a nascent, morally and practically problematic technology that experts agree is, at best, decades away from delivering on any significant real-world applications. In the end, CIRM’s legal difficulties may prove to be the least of its problems. When taxpayers must start repaying $6 billion in loans and interest, when conflict-of-interest scandals and tales of morally bankrupt human experimentation come to the fore — and as unrealistically high public expectations go unmet — the champagne dreams of big business, academia and special interests may well fall flat. San Francisco, this baby’s all yours. — Chris Weinkopf is the Daily News’ editorial-page editor. Write to him by e-mail at AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more