Nearly a decade ago, voters here approved Proposition 71, the California Stem Cell Research and Cures Initiative. The initiative made conducting stem cell research legal and authorized the sale of bonds to generate $3 billion for stem cell research and research.

But now, most of that money has been spent and there are concerns about how the agency is being run. For more on this we're joined by David Jensen, a former reporter who's spent years covering the agency. He now runs a blog called the California Stem Cell Report.