This is the single most important story of this terrible summer Friday. RUPERT MURDOCH LOST HIS WEDDING RING. Seriously! He got drunk (Australians!) at a lodge bar in Sun Valley (where this week's mogul summit is being held) last night, and after all the other moguls went back to their rooms, Murdoch hung around the lobby looking for his ring. "So began a frantic 15-minute scramble among reporters hungry to please the mogul," Reuters reports. But alas, it's still missing. Idaho readers: find it and, uh... send it to us so we can give it back to him. [SiliconAlleyInsider]