The Other Final well as the fact that the low level of facilities in the country had prevented the team attempting to qualify for the FIFA World Cup. Montserrat had also suffered their own significant misfortunes, when the Soufrière Hills erupted causing widespread devastation to the island. Seismic activity had occurred in 1897–1898, 1933–1937, and again in 1966–1967, but the eruption that began on 18 July 1995 was the first since the 16th 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
Long-Term Capital Management The fear was that there would be a chain reaction as the company liquidated its securities to cover its debt, leading to a drop in prices, which would force other companies to liquidate their own debt in a vicious cycle. The total losses were found to be $4.6 billion. The losses in the major investment categories were (ordered by magnitude): Long-Term Capital was audited by Price Waterhouse LLP. After the bailout by the other investors, the panic abated, and the positions formerly held by LTCM were eventually liquidated at a small profit to the rescuers. Although termed a bailout, the