Marketplace AM for February 24, 2005

Episode Description 

The bond curve

Short-term interest rates are rising. But long-term rates are holding steady. What's happening? Host Kai Ryssdal gets an explanation from Marketplace's money guru, Chris Farrell.

Biotech keeps rising

While many traditional manufacturing jobs have migrated overseas, some industries are expanding their manufacturing in the U.S. Namely, the biopharmaceutical industry. Reporter Alison St. John visited a new $380 million biotech plant outside of San Diego that makes things you can't even see.

The spring training business model

That age-old ritual, Spring Training, is underway in Florida and Arizona. As early as 1870, the Cincinnati Red Stockings and the Chicago White Stockings held training camps in New Orleans. But things have changed. Sports commentator David Carter says spring training has become a big part of baseball's business model.

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