The! Biggest! News! of! the! Day! - Not Bernanke Comments or Bed Bath & Beyond's Warning

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

• Comments from Federal Reserve Chairman Ben Bernanke who says "Although core inflation seems likely to moderate gradually over time, the risks to this forecast remain to the upside"...
• A warning from Bed Bath & Beyond (BBBY)...
• Word that Procter & Gamble (PG) is backing their sales-growth forecast...
• Word that Avaya (AV) is next victim in the private equity takeout game...
• Chatter of "Very Solid' Progress" from Rupert Murdoch as his News Corp. (NWS) attempts to acquire Dow Jones (DJ)...
• A look into the "private equity effect"...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Michigan triples deposit on beer kegs...talk of commodity prices is usually enough to make most eyes glaze over but this article offers a good illustration of what is going on...according to the article, "Large breweries have complained about losing thousands of beer kegs a year in Michigan because retail beer customers have been selling off the stainless steel barrels at scrap yards rather than returning them to stores to get their $10 deposit back"...

The article also notes how scrap-metal thieves have become extremely brazen amid the surging prices..."Stainless steel was worth about 25 cents a pound late in 2005, but fetched about $1.75 per pound in early May"...

Of course you know that somewhere there is a college student who lives near Michigan and thinks that this means the more beer he drinks the more money he can make on the returned kegs...and I think I can help him!