American University of the Caribbean of Texas) to help place AUC in their temporary Campus. Classes started again on 17 October 1989 for 3 semesters before returning to Montserrat. The Montserrat campus was rebuilt and AUC reopened it for classes in September 1990. Long thought to be dormant, the Soufrière Hills volcano on Montserrat erupted on 18 July 1995, rendering much of the island uninhabitable, including the entire city of Plymouth. Students and faculty were evacuated, and the campus was buried under volcanic ash. AUC reopened its operations in September 1995. 250 students were sent to a temporary location in Belize and 280 students were
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