When the American economy was running full tilt two years ago, few places were as breathlessly delighted as Seattle. Its port was thronged with ships bringing goods from Asia. The Boeing Company could barely keep up with demand for its airliners. Microsoft was hiring hordes of software engineers. After each rain shower, another Internet millionaire sprang up. Here was a city that had it all--Old Economy, New Economy, Not-Yet-Invented Economy.
Now it has all gone sour. The past 12 months have been a non-stop succession of disappointments. Boeing’s headquarters decamped to Chicago. The Internet economy popped alike a balloon in a nail factory, taking with it once promising local ventures such as Homegrocer.com and leaving can’t-possibly-miss companies such as drugstore.com barely hanging on. And an already troubled Boeing was hit even harder after September 11th both by a steep drop in airliner orders and by losing a $ 200 billion Joint Strike Fighter contract t
A. Its headquarter has been moved from Chicago to Seattle
B. It’s to be blamed for the economic depression in Washington
C. Boeing itself is having a hard time
D. It’s expected to have a revival in the year 2003
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