Stories for July 24, 2008

At least they're calling it something stupid

It's starting to — pardon the expression — resonate that our departed Seattle SuperSonics hence will be known in OkieHoma City as the Thunder. Perhaps it's worth noting that both nicknames are sound-oriented and that, indeed, thunder is a mere sonic noise while SuperSonics is, well, supersonic.

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Seattle and the elixir of growth

In some moods, I think that Seattle's business renaissance has peaked. Starbucks is contracting, Microsoft is stumbling, Boeing is losing bids, Safeco is sold, and Washington Mutual is sinking. Has our formula of rapid growth spreading across the globe run into the wall? But then I look at the front page of today's "Marketplace" section of The Wall Street Journal, where three of the four stories are about Seattle-based companies. There's the story of Microsoft's scramble in the executive suite, with the sudden departure of Kevin Johnson, formerly in charge of the Yahoo merger campaign; Costco reporting an earnings squeeze as the prices for merchandise are rising faster than they can pass along costs to its value-seeking customers; and Amazon doubling its second-quarter profits as customers shift from shopping by car to shopping by online.

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