Caribbean Disaster Emergency Management Agency passage of Hurricane Ivan. During the mid-1990s, the sudden eruption by the Soufriere Hills volcano in Montserrat also caused the CDEMA to spring into action, to provide additional support to the people on the island. The Caribbean Disaster Emergency Response Agency (CDEMA) also regularly monitors the Soufriere Hills volcano, in addition to the active undersea volcano named Kick 'em Jenny to the north of Grenada. Members of the Regional Security System have requested military and logistical assistance through that agreement after natural disasters as well. Towards the end of the twentieth century, severe weather had been increasing, especially in the
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