The! Biggest! News! of! the! Day! - Not Citigroup Job Cuts, Iran Tensions, or Foreclosure Rates

Here are some of the contenders for today's biggest...news...of...the...day...

• Job cuts at Citigroup (C)...the banking company is said to be "drafting a restructuring plan that is expected to involve roughly 15,000 job cuts"...
• Reassurance from Chicago Federal Reserve President Michael Moskow that "Problems in subprime mortgages are not spilling over to the rest of the U.S. housing market, which is in the process of stabilizing"...
• Some downbeat comments on the housing picture as it is said - " Don't be fooled by falling foreclosure rates and rising home sales—many parts of the U.S. are still hurting from the housing slowdown"...
• Continued tensions in Iran...
• Renewed chatter about a Chrysler Group buyout by General Motors (GM)...
• A new wafer-fabrication by Intel (INTC)...
• Earnings from Tiffany & Co (TIF)...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - New Jersey thieves snatch $12,000 in underwear...according to the article, three " shoplifters made off with nearly $12,000 in women's underwear by stuffing the goods into bags designed to foil anti-theft equipment at a Victoria's Secret store while the shop was open for business"...

While the shop was open for business? Are you kidding me? You would think that theses thieves must have had an extraordinary technique to be able to steal hundreds of pieces without being noticed. However, that doesn't seem to be the case as the surveillance cameras showed they were just "jamming undergarments into large bags and walking past customers and staff"...wow...