The outlook 2007 panning cursor can get “accidentally” enabled.  When it does, It’s annoying at best and it interferes with copy / paste.  Phil Wiffen has an excellent summary on how to turn it off and restore Outlook to the original cursor behavior, which by the way will also allow selecting text for copy / paste.

Outlook 2007 How To Disable The Hand Cursor More...

If you have accidentally pressed SHIFT-DELETE in Outlook 2003 and erased an important item and need to recover it, this is a summary of how to restore the item before it is permanently deleted. More...