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On 6 November, voters in New Jersey rejected a proposal to borrow $450 million to fund stem-cell research. The move is the first time a bond measure has been defeated by voters in the state in 17 years. Pre-election polling had indicated that the measure would win easily, which made the 53% to 47% loss a startling rebuke to supporters. Political observers suggest that fiscal concerns might have been a factor: New Jersey is $30 billion in debt. The vote came two weeks after construction work began on the state’s first stem-cell institute. The 18-storey Stem Cell Institute of New Jersey in New Brunswick is being financed by $270 million that state lawmakers approved in 2006. The $450 million was to have funded research grants over ten years.

Cap on overheads may put universities off defence