Soufrière Hills Soufrière Hills The Soufrière Hills volcano is an active, complex stratovolcano with many lava domes forming its summit, on the Caribbean island of Montserrat. Many volcanoes in the Caribbean are named Soufrière (French: "sulphur outlet"). These include La Soufrière or Soufrière Saint Vincent on the island of Saint Vincent and La Grande Soufrière on Guadeloupe. After a long period of dormancy, the Soufrière Hills volcano became active in 1995, and has continued to erupt ever since. Its eruptions have rendered more than half of Montserrat uninhabitable, destroying the capital city, Plymouth, and causing widespread evacuations: about two thirds of the
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