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 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