Soufrière Hills century in Montserrat. When pyroclastic flows and mudflows began occurring regularly, the capital, Plymouth, was evacuated, and a few weeks later a pyroclastic flow covered the city in several metres of debris. The first phreatic explosion in this new period of activity occurred on 21 August 1995, and such activity lasted for 18 weeks until it caused an andesitic lava dome formation. This was initially confined by a sector-collapse scar. This period lasted for another 60 weeks, after which there were major dome collapses and two periods of explosive volcanic eruptions and fountain-collapse pyroclastic flows. The explosion blanketed Plymouth, away,
Long-Term Capital Management The fear was that there would be a chain reaction as the company liquidated its securities to cover its debt, leading to a drop in prices, which would force other companies to liquidate their own debt in a vicious cycle. The total losses were found to be $4.6 billion. The losses in the major investment categories were (ordered by magnitude): Long-Term Capital was audited by Price Waterhouse LLP. After the bailout by the other investors, the panic abated, and the positions formerly held by LTCM were eventually liquidated at a small profit to the rescuers. Although termed a bailout, the