Mount Pelée found adrift from the island, unconscious. The event marked the only major volcanic disaster in the history of France and its overseas territories. Mount Pelée is the result of a typical subduction zone. The subduction formed the Lesser Antilles island arc, a curved chain of volcanoes approximately in length, between Puerto Rico and Venezuela, where the Caribbean Plate meets Atlantic oceanic crust belonging to the South American Plate. Other volcanoes in the island arc are also known for their volcanic activity, including Saint Vincent's La Soufrière, Guadeloupe's La Grande Soufriere volcano, Montserrat's Soufrière Hills, and the submarine volcano Kick 'em
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