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 of a large loss, like the payouts from selling an out-of-the-money naked call option. After the bailout, Long-Term Capital Management continued operations. In the year following the bailout, it earned 10%. By early 2000, the fund had been liquidated, and the consortium of banks that financed the bailout had been paid back, but the collapse was devastating for many involved. Mullins, once considered a possible successor to Alan Greenspan, saw his future with the Fed dashed. The theories of Merton and Scholes took a public beating. In its annual reports, Merrill Lynch observed that mathematical risk models "may provide a