American University of the Caribbean of Education has determined that the commission’s accreditation standards are comparable to those applicable to U.S. medical schools. Founded by American educator Dr. Paul Tien in 1978, the main campus of the American University of the Caribbean was originally located on the island of Montserrat, but was forced to move to its present location in Sint Maarten after the eruption of the previously dormant Soufriere Hills volcano. While a medical campus was being constructed on Montserrat, AUC started conducting classes under its Montserrat charter in a rented space on the campus of the College of Mount St. Joseph in Cincinnati,
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