The term crony capitalism made a significant impact in the public arena as an explanation of the Asian financial crisis.
Hawaiian eruptions may occur along fissure vents, such as during the eruption of Mauna Loa Volcano in 1950, or at a central vent, such as during the 1959 eruption in KÄ«lauea Iki Crater, which created a lava fountain 580 meters (1,900 ft) high and formed a 38-meter cone named Pu Ê» u Pua Ê» i.ery little amounts of volcanic ash are produced. This type of eruption occurs most often at hotspot volcanoes such as KÄ«lauea and Iceland, though it can occur near subduction zones (e.g. Medicine Lake Volcano in California, United States) and rift zones.
Many victims had continued to stay within their homes, thinking that the eruption had ended, when in fact the noise from the storm had just muffled out the sounds from the volcanic eruption. The second costliest volcanic eruption since 1900 took place in the US on May 18th, 1980. The estimated cost of this volcano was $860 million USD. Next in line was a volcanic eruption that occurred in the Philippines on the 9th of June in 1991, which caused losses of around $211 million USD.