Obama shifts focus from foreign policy to economy

Presidential contender Barack Obama is pivoting from foreign policy to the economy at home. Obama said in an interview broadcast Sunday that cost of gas and food will keep Americans focused on finances even during the upcoming Olympics in Beijing. The Illinois Democrat said on NBC’s “Meet the Press” that he’s gathering key economic advisers on Monday to discuss a second economic stimulus package and ways to deal with high energy prices.

Blackwater mixes business glitz with military grit

Erik Prince gets his guests to the runway seconds before the turboprop’s approach. The financiers hop out of his black Chevy Suburban and gawk as the pilots drop a pair of packages that float to within feet of their target — just as they might on a mission for Blackwater Worldwide in the Afghan backcountry.

Turkish military says hit 12 PKK targets in N.Iraq (Reuters)

Reuters – Turkey’s military said on Sunday its
fighter jets hit 12 Kurdish separatist targets in northern
Iraq’s Qandil region in an operation that started at midnight.

Qantas to inspect oxygen bottles after 747 emergency (Reuters)

Australian pilot Captain John Francis Bartels (R) looks at the damage to a Qantas Airways plane after it made an emergency landing at the Manila International airport July 25, 2008. (Handout/Reuters)Reuters – Qantas was ordered on Sunday to check
all oxygen bottles on its fleet of Boeing 747s after
investigators said an exploding oxygen bottle might have ripped
a hole in a Qantas 747, forcing it to make an emergency landing
at Manila.

India on alert after two days of bombings kill 40 (Reuters)

People lift the body of a cow from the site of a bomb blast in the western Indian city of Ahmedabad July 26, 2008. At least 13 small bombs exploded in the Indian city of Ahmedabad on Saturday, killing at least 10 people and wounding 90, a day after another set of blasts in the country's IT hub, officials said. On Friday, eight bombs exploded in quick succession in the southern IT city of Bangalore, killing at least one person and wounding six others. (Amit Dave/Reuters)Reuters – India’s major cities were put
on high alert on Sunday, with fears of more attacks after at
least 40 people were killed in two days of bombings that hit a
communally-sensitive western city and a southern IT hub

Obama says conditions to dictate final Iraq force (Reuters)

Reuters – Democratic presidential candidate
Barack Obama said in an interview published on Saturday the
size of a residual U.S. force left in Iraq after the withdrawal
of combat troops would be “entirely conditions-based.”

Congress approves housing bill (Reuters)

Mortgage firm Freddie Mac headquarters are pictured in McLean, Virginia, July 13, 2008. (Larry Downing/Reuters)Reuters – The U.S. Congress approved a massive
housing market rescue bill on Saturday, offering emergency
financing to mortgage titans Fannie Mae and Freddie Mac
, and setting up a $300-billion fund to help hundreds of
thousands of troubled homeowners.