The! Biggest! News! of! the! Day! - Not Home Prices, Unlocked iPhones, or Credit Card Defaults

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

• Data on home prices which showed "the largest decline ever in the 20-year history of the Case-Shiller home price index"...
• Word that Merrill Lynch (MER) has downgraded Citigroup (C), Lehman Brothers (LEH), and Bear Stearns (BSC)...
• A report that says credit card defaults by American consumers are rising...
• A denial from Barclays (BCS) "that failed debt vehicles structured by its investment banking arm had left it with an exposure worth hundreds of millions of dollars"...
• The commotion surrounding efforts to unlock Apple's (AAPL) iPhone and free it from AT&T's (T) network...this has been spurred on after it was announced that 17-year-old George Hotz will trade his unlocked iPhone for a Nissan 350Z and three new iPhones...
• Expectations that the market will retest its recent lows...
• The acquisition of PolyMedica (PLMD) by Medco Health Solutions (MHS)...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Fried foods rule Texas fair contest...according to the article, "The entries in this year's Big Tex Choice Awards...are Deep Fried Lattes for a morning jump-start, plus fried chili pie, fried guacamole, and a range of crispy desserts including Fried Cookie Dough"...

While some may be disappointed that there doesn't appear to be another "Fried Coke" in this year's offerings, how could you turn down "a fried pastry topped with cappuccino ice cream, caramel sauce, whipped cream and instant coffee powder"? Of course, as the inventors alludes to, this isn't health food - "We have gained about 10 pounds trying this. I'm not kidding...I've probably eaten 300 of these trying to get it right"...

Is it just me or does this just cry out for a Bud Light Real Men of Genius commercial...unless they have already done one of those...I sort of lost track...if they haven't done one, I think it should go like this - "we salute you Mr. State Fair Deep Fried Deep Fryer Man, only you would take something that was already enough to clog arteries and say - 'this needs more grease' - and batter and fry it..."