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...billion. Thirteen foreign companies, including Chevron, have licenses to explore Cambodia's offshore blocks for oil and natural gas; the government says domestic oil production could begin within three years. The rush for Cambodia's gold coast is on, raising hopes that the economic torpor of this aid-supported nation will finally end. "This part of the country has been a revelation for me," says Steve Smith, a Londoner who finances his endless summer as a dive instructor in southeast Asia. "I didn't even know there were beaches in Cambodia...

Author: /time Magazine | Title: Improbable Paradise | 5/29/2008 | See Source »

...Stability has been slow to return to Kep and to the country as a whole. But today nearly every Asian nation has a stake in Cambodian industries, from hydroelectric dams to oil exploration to real estate development. In Kep, three Modernist homes have been restored into Knai Bang Chatt, a striking boutique hotel owned by two Belgians. At the other end of town, the early 20th century La Villa de Monsieur Thomas is being revamped into a five-star resort by a Khmer developer. And in February, Sokimex, a powerful Cambodian company that imports most of the nation's petroleum...

Author: /time Magazine | Title: Improbable Paradise | 5/29/2008 | See Source »

...formative. There are more worrying parallels for McCain. When Carter won in 1976, Democrats thought they had gotten a new lease on life. Democrats ran the White House and Congress, and the congressional leadership was more liberal than ever before. But Carter's win was an anomaly in a nation that was at the time moving rightward. Carter had eked out a paper-thin victory only because of Watergate, stagflation and defeat in Vietnam. McCain might win a narrow victory this year by running away from his party, but conservatism is fading now as liberalism was fading...

Author: /time Magazine | Title: In Carter's Shadow | 5/28/2008 | See Source »

...Their four children have been brought up as Catholics, and Blair has worshiped at Catholic churches for more than 20 years. But Britain, for all its secularism, is still nominally a Protestant nation with an established Protestant church; when Princess Anne's son Peter Phillips-11th in succession to the throne-married on May 17, his Canadian wife had to renounce her Catholicism. It was not until Blair left office that his long spiritual journey reached a destination that many had long anticipated, and he was received into the Catholic Church...

Author: /time Magazine | Title: Tony Blair's Leap of Faith | 5/28/2008 | See Source »

...worst thing in politics," he says, "is when you're so scared of losing support that you don't do what you think is the right thing. What faith can do is not tell you what is right but give you the strength to do it." But in a nation like Britain, where cynicism is a way of life, that distinction-between faith as a guide to action and faith as an aid to decision-is almost bound to be lost. Blair, the chattering classes of London will say, is the same smug, self-satisfied politician, immune to criticism, that...

Author: /time Magazine | Title: Tony Blair's Leap of Faith | 5/28/2008 | See Source »

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