W. H. Bramble Airport W. H. Bramble Airport W.H. Bramble Airport, also known as Blackburne Airport, was a small international airport on the east coast of the island of Montserrat, a British Overseas Territory in the Caribbean. It was named after Montserrat Chief Minister William Henry Bramble. The airport was destroyed in 1997 by an eruption of the nearby Soufriere Hills volcano, which obliterated much of the southern part of the island. For several years after the disaster, Montserrat was only accessible by helicopters or boats, until July 2005, when the new Gerald's Airport (now John A. Osborne Airport) was completed at the north
Long-Term Capital Management invested in other derivatives such as equity options. Under prevailing US tax laws, there was a different treatment of long-term capital gains, which were taxed at 20.0 percent, and income, which was taxed at 39.6 percent. The earnings for partners in a hedge fund was taxed at the higher rate applying to income, and LTCM applied its financial engineering expertise to legally transform income into capital gains. It did so by engaging in a transaction with UBS (Union Bank of Switzerland) that would defer foreign interest income for seven years, thereby being able to earn the more favourable capital gains