Word: rated
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Dates: during 1980-1989
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...selected and used in an increasingly common procedure known as in vitro fertilization. This involves placing the eggs in a soup of sperm and implanting resulting embryos in the mother's womb. The main difficulty is that only one in ten tries results in a birth. Yet the success rate may improve, and prefertilization diagnosis could someday be used to intercept defective genes that cause such diseases as Tay-Sachs, cystic fibrosis and thalassemia...
Researchers caution that the test remains experimental and will not be widely available for several years. It has been tried on just five eggs from one woman, and none of the embryos developed. Verlinsky attributes this to IVF's failure rate. But his team must repeat the test on many women before convincing doctors that it is accurate and does not damage the ovum...
Loans to the buyer are made before the auction, and completed after it, at an interest rate that may go as high as 4% over prime. A common amount is 50% of the hammer price -- whatever the work reaches...
...demand? Economists Bruno Frey and Angel , Serna, in an excellent inquiry in the October issue of Art & Antiques, examine the case of Yo Picasso. Humana Inc. president Wendell Cherry, who bought it in 1981 for $5.83 million and sold it in 1989 for $47.85 million, got a "real net rate of return" (after commissions, insurance costs, inflation and so forth) of 19.6% a year. Handsome, but what about the new owner? If he sells it five years from now, the price must be $81 million before deductions for him merely to break even. And five years from then? Who gets...
...What the Japanese are doing has very little relation to collecting as it was once understood. They are, quite simply, investment-buying on a huge scale, with limitless quantities of cheap credit: one zaibatsu offers open- ended loans of any size at 7% (3.5 points below the U.S. prime rate) to Japanese who want to buy Western...