Institute of Occupational Medicine pesticides from food and other sources. This work demonstrated that although it is likely that most people are exposed to low levels of a wide variety of pesticide compounds it is unlikely that such exposure would have measurable effects on the health of the population. In 1995 the Soufriere Hills volcano on the Caribbean island of Montserrat erupted, spewing volcanic ash containing large amounts of the crystalline silica mineral cristobalite over the surrounding area. IOM scientists investigated the health of people who lived on the island. In general the exposure of the residents was low, because most people lived well
Long-Term Capital Management invested in other derivatives such as equity options. Under prevailing US tax laws, there was a different treatment of long-term capital gains, which were taxed at 20.0 percent, and income, which was taxed at 39.6 percent. The earnings for partners in a hedge fund was taxed at the higher rate applying to income, and LTCM applied its financial engineering expertise to legally transform income into capital gains. It did so by engaging in a transaction with UBS (Union Bank of Switzerland) that would defer foreign interest income for seven years, thereby being able to earn the more favourable capital gains