A 2- to 5-inch tsunami hit the Washington coast, but it was commercial developer Michael Mastro who continued to make waves locally, after a suit filed in federal court alleged Mastro was hiding assets to defraud investors. I hear through the grapevine that, barring the surprise appearance of buckets of money, Mastro’s default may bring about the demise of more than one local bank.

CHS reported on the First Hill streetcar progress, which is slated to begin service in 2013, three years before the Link light rail extension from Capitol Hill to the U District. Speaking of transit, we unearthed a way to turn a $5 roundtrip light rail ticket into an all-day transit pass.

In conjunction with the eviction of Nickelsville from its latest refuge (12 people were arrested), a group of homeless activists began camping outside of city officials’ houses: so far Mayor Nickels and the city council’s Tim Burgess and Richard Conlin have been involuntary hosts.

Also, the PSBJ reports that my alma mater Seattle U is close to signing a deal to play basketball in Key Arena. What’s your school doing? Nothing. That’s right.