The Laxey Wheel (also known as Lady Isabella) is built into the hillside above the village of Laxey in the Isle of Man (British Crown Dependency).
It is the largest surviving original working waterwheel in the world.Designed by Robert Casement, the wheel has a 72-foot-6-inch (22.1 m) diameter, is 6 feet (1.8 m) wide and revolves approximately three times per minute.
The wheel was built in 1854 to pump water from the Glen Mooar part of the Great Laxey Mines industrial complex
In Moscow, the upper echelons of the FSB, Russia’s security service, seem to be in turmoil
Critics complained the bank had excluded the costs of a multibillion-dollar legal settlement for mis-sold mortgage-backed securities before the financial crisis when determining executive pay.
Goldman Sachs is facing an investor revolt
The bank is just is the latest.
ON.FT.COM
head off antigovernment revolts,
Working paper: Accounting for Crises
Download the PDF. This paper shows empirically that currency investors are more likely to get spooked unnecessarily when they have too much information. This finding accords well with global games models, which argue that self-fulfilling panics—i.e., panics unrelated to fundamentals—are more likely to occur when the quality of public information available to investors is very high.
Spooked by Unrest, China Tracks Media
By SHARON LaFRANIERE and EDWARD WONG
The intimidation of reporters a sign of the authorities’ resolve to head off antigovernment revolts. Above, foreign journalists were detained in Shanghai on Sunday.
http://www.nytimes.com/2011/03/07/world/asia/07china.html?hp
noun
- 1.a level or rank in an organization, a profession, or society."the upper echelons of the business world"
- 2.MILITARYa formation of troops, ships, aircraft, or vehicles in parallel rows with the end of each row projecting further than the one in front."the regiment lined up shoulder to shoulder in three tight echelons"
verb
MILITARY
- arrange in an echelon formation."the Task Force would take the left, echeloned to be able to sweep in from the west"
head off
Block the progress or completion of; also, intercept. For example, They worked round the clock to head off the flu epidemic, or Try to head him off before he gets home. [First half of 1800s] This expression gave rise to head someone off at the pass, which in Western films meant "to block someone at a mountain pass." It then became a general colloquialism for intercepting someone, as in Jim is going to the boss's office--let's head him off at the pass.
...the investor spooked.
(spūk)
n.
- Informal. A ghost; a specter.
- Slang. A secret agent; a spy.
- Offensive Slang. Used as a disparaging term for a Black person.
v. Informal, spooked, spook·ing, spooks. v.tr.
- To haunt.
- To startle and cause nervous activity in; frighten: The news spooked investors, and stock prices fell.
To become frightened and nervous.
[Dutch, from Middle Dutch spooc.]
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