Global Crisis

In December of 2007, EEStor Inc., working with the Austin, TX based law firm of Larson, Newman, Abel, Polansky & White, applied for trademark protection of "EEStor" and "EESU." The trademarks were approved in September of 2008. Among the trademark "specimens" offered in the application is a document referred to as "Preliminary Ceramic Battery...

Week of December 1[edit] Reports of economic activity, week of December 1On December 1, the National Bureau of Economic Research officially declared that the U.S. economy had entered recession in December, 2007.[219]The Labor Department said that the US lost 533,000 jobs in November, 2008, the biggest monthly loss since 1974. This raised the unemployment...

Week of November 2[edit] Reports of economic activity, week of November 2October sales of cars and light trucks in the United States fell precipitously in 2008 when compared with sales in October 2007, with General Motors falling 45%, Ford falling 30%, Chrysler falling 35%, Toyota falling 23%, Honda falling 25%, and Nissan falling 33%. Much of the...

Week of October 19During testimony before the US Committee of Government Oversight and Reform, Alan Greenspan remarked that the crisis is "a once-in-a-century credit tsunami"Following a conference at Camp David over the weekend of October 18th and 19th attended by President Nicolas Sarkozy of France and José Manuel Barroso, President of the European...

Key risk indicators in September 2008The TED spread – an indicator of credit risk – increased dramatically during September 2008.Key risk indicators became highly volatile during September 2008, a factor leading the U.S. government to pass the Emergency Economic Stabilization Act of 2008. The “TED spread” is a measure of credit risk for inter-bank...