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 September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on