- (Bloomberg) -- Hong Kong shut all primary schools and kindergartens yesterday following the unexplained deaths of four young children with flu-like symptoms.
- Bear Stearns tapped the Fed, via JP Morgan, for emergency funding to keep from going under.
- U.S. consumer prices were unchanged in February and up 4.0% YoY.
The University of Michigan's consumer sentiment index fell from 70.8 to 70.5
- Consumer prices in the Euro area rose 3.3%.
- The U.S. is in a recession that could be "substantially more severe" than recent ones, National Bureau of Economic Research President Martin Feldstein said.
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