Word: effective
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Dates: during 1990-1999
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...practice, the auction house will no longer offer loans using the work of art as collateral. Sotheby's will, however, continue to make other, secured loans. It will also continue "guaranteeing" minimum prices to sellers, a practice that many dealers and collectors charge makes the auction house in effect an interim buyer and compromises its standing as a disinterested agent...
...side effect of the racial hysteria that enveloped Boston after Carol Stuart's murder was to strengthen a fear among many African Americans that they are the targets of a white-orchestrated genocide plot. That belief has become endemic in recent years, as crack has invaded ghettos across the nation, causing so much death and destruction that many blacks are convinced its spread cannot be accidental. More or less preposterous genocide theories are being spun by black nationalists like Louis Farrakhan, so-called intellectuals and prominent clergymen. Even the National Urban League published this passage in its 1989 report...
...President's stance is even shakier, given his campaign to cut the rate on capital gains, a measure that would mostly benefit taxpayers earning more than $200,000 a year. The President, along with probable majorities on Capitol Hill, in effect proposes to cut taxes on the wealthy while raising them on wage earners...
...scale of 1 to 36) on the ACT. Since disproportionate numbers of blacks fall short on these tests, Proposition 42 was widely denounced as racist. Yet instead of repealing it, as many blacks demanded, the NCAA settled for a compromise that takes effect in August. On the one hand, athletes who do not make the grade academically can receive scholarships based on need, but not on athletic prowess; on the other hand, as before, these marginal students will be barred from athletic programs as freshmen and lose one year of playing eligibility. The convention's final action will subject Division...
...crucial in curbing intoxication. When a shot of vodka or a beer is swallowed, it travels to the stomach and then to the intestine, where it passes through the organ's wall into the bloodstream. Once there it circulates to the brain, where it finally exerts its inebriating effect. Alcohol dehydrogenase breaks down spirits in the stomach, reducing the amount of pure alcohol that enters the bloodstream about 20%; the rest is eventually metabolized by similar enzymes in the liver...