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In this file photo, a herd of musk ox graze in an area of the Arctic National Wildlife Refuge in Alaska, known as Area 1002. (Photo by Arctic National Wildlife Refuge / AP)

Arctic may hold as much as a fifth of undiscovered oil and gas reserves

The lure of the Arctic as oil's next big frontier was vindicated as a major survey found the region might hold as much as a fifth of the world's yet to-be-discovered oil and natural gas reserves.

International Herald Tribune

Dow Jones plunges 283 points

Wall Street retreats following steeper-than-expected drop in home sales; financials decline.

ABC News

Karzai 'impeding Afghan drug war'

Afghan President Hamid Karzai is obstructing efforts to tackle his country's drugs problem, says a former U.S. narcotics official.

BBC

Obama: Together we can defeat terrorism

Sen. Barack Obama, standing before a cheering crowd of more than 200,000 in Berlin - many waving American flags - delivered an historic political address to a worldwide audience.

San Francisco Chronicle

McCain takes swipe at Obama for Berlin speech

Reuters

Obama: "The walls...cannot stand"

MSNBC

Special section:

Obama tour of Europe, Middle East

CNN

Iraqi teams banned from Olympics

The International Olympic Committee has upheld a ban on Iraqi teams at the Beijing Games, the government missed the deadline to address accusations of political interference.

TIME

One dead in violent NH storm

Severe thunderstorms and a possible tornado tore into New Hampshire, killing at least one person, leaving an unidentified number trapped in homes and bringing down trees.

Reuters

NATION

Surviving (or not) on minimum wage

The country's lowest-paid workers will get raises today as the federal minimum wage increases 12 percent, or 70 cents, from $5.85 to $6.55 an hour. But that's still not enough to pay the bills, say some.

ABC News

Hurricane season: big start

As the remnant of hurricane Dolly creeps toward far northern Mexico, the 2008 Atlantic hurricane season is already a concern as hurricane specialists look at July's unusually high level of activity.

Christian Science Monitor

Dolly knocks out power as it drenches Texas

CNN

Hurricane pictures

MSNBC

POLITICS

McCain gains on Obama in Minnesota

USA Today

John McCain denies misstatement on Iraq surge timing

Republican John McCain pushed back against Democratic criticism, saying elements were put in place before Bush announced the strategy in early 2007.

CBS News

McCain's foreign policy frustration

TIME

BUSINESS

Source: Federal grand jury probing banks

A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc.

MSNBC

Ford posts $8.7 billion second quarter loss on asset write-downs

Ford Motor Co. says it lost $8.7 billion in the second quarter largely because of a reduction in the value of assets.

Forbes

See what production changes Ford plans

Detroit Free Press

ENVIRONMENT

Nevada, Southwest face drought

A new study predicts that climate change will create devastating drought in this state and throughout the Southwest and continue to drop the levels of already low Lake Mead and Lake Powell.

MSNBC

Microloans pay off for planet, investors

The number of "microborrowers" worldwide-people participating in the rapidly growing field of microfinance-increased by 17 percent.

Environmental News Network

SCIENCE & TECHNOLOGY

FCC reaches deal to approve satellite radio merger

Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio's purchase of XM Satellite Radio, the Wall Street Journal reported.

Guardian

Google throws open rival for Wikipedia — anon authors discouraged

Google announced on its official blog the debut of Knol, a Wikipedia-like online encyclopedia penned by authoritative sources.

Wired

Toss your cable wires

ABC News

RELIGION AND SPIRITUALITY

Muslim women buck easy stereotypes

Religious experts, and many Muslims, caution against easy stereotypes. They say Muslim women are looking for a fit between their faith and the highly secularized society around them.

Religion News Service

Cardinal accuses Anglican Communion of 'spiritual Alzheimer's'

A Vatican official described the turmoil in the Anglican Communion as 'spiritual Alzheimer's' and 'ecclesial Parkinson's.'

Guardian

Columns And Op-Ed

The opinions in the items below are not necessarily those of DailySource or our editors. Read more.

Site edited by: Jameson O'Neal, Catherine Lux, Yagmur Guller, Rachel Barrus and Ashley Nawn.

GOOD NEWS

Fish oil, red yeast rice cut cholesterol

Supplements of fish oil and red yeast rice, coupled with lifestyle changes in diet and exercise habits, can reduce cholesterol as much as standard cholesterol-lowering medications known as statins.

WebMD

The $500 million war on smoking

Billionaires Bill Gates and Michael Bloomberg are pooling their riches in an uphill drive to cut tobacco use in poor and middle-income countries.

Star Tribune

WORLD

8 killed by female suicide bomber in Iraq

Iraqi police say at least eight people have been killed in a suicide bombing at a checkpoint manned by U.S.-allied Sunni guards northeast of Baghdad.

USA Today

US shifting Pakistan funding to new fighter jets

The Bush administration plans to shift nearly $230 million in aid to Pakistan from counterterrorism programs to upgrading that country's aging F-16 attack planes.

International Herald Tribune

Pakistan accused of disappearing terrorism suspects

McClatchy Newspapers

LIVING AND ENTERTAINMENT

The X-Files: I want to believe

In grand “X-Files” manner, the film’s storyline is being kept under wraps. This much can be revealed: It is a stand-alone story like some of the show’s most acclaimed and beloved episodes.

Monsters and Critics

Summer box office looks hot

Even though the 2008 domestic box office has all but caught up with last year's record-breaking levels, some say the film biz is struggling.

Variety

SPORTS

Carlos Delgado's big hit lifts Mets into first place

Carlos Delgado's tie-breaking, two-out, two-run double in the eighth inning gave the Mets a 3-1 win over the Phillies.

Newsday

Urine test for human growth hormone is in the works

A urine test that detects human growth hormone could be available within six months, according to reports.

Sporting News

Positive tests for swimmer

San Jose Mercury News

EDUCATION

Educators look to boost American Indian and other minority graduation

American Indian and other minority students sometimes drop out of school partly because they don't feel connected enough to their cultures from an early age.

Salt Lake Tribune

Urban leaders back stronger No Child Left Behind accountability

In the debate over the future of the No Child Left Behind Act, many educators say the federal government should ease the law’s accountability requirements.

Education Week

HEALTH

Viagra may boost female libido

Study suggests sildenafil may reduce sexual dysfunction for women taking antidepressants.

U.S. News & World Report

Cancer institute urges caution with cell phone usage

A prominent U.S. cancer institute has posted a notice on its Web site urging cell phone users to take precautions when using cell phones.

Medical News Today

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