News of the WeekFINANCIAL CRISIS

California Researchers Chilled by Sudden Freeze on Bond Funds

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Science  06 Feb 2009:
Vol. 323, Issue 5915, pp. 698-699
DOI: 10.1126/science.323.5915.698a

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Summary

Scientists, graduate students, and nonprofit organizations are now facing a mad scramble to replace billions of dollars in funding tied to the sale of state bonds that the state of California has frozen.