The Unexpected Winners In The Oil And Food Crunch

High oil and food prices are a double blow no nation can dodge entirely. Even oil states like Iran are seeing food-price protests. But there's a small class of farm-and-gas exporters for whom the dual spike is more opportunity than threat. Canada, Brazil, Vietnam and Thailand are all enjoying the windfalls, and even war-tattered Cambodia is now reimagining its future. It's "the only country in the world that has oil and gas reserves that are still untapped, as well as land available for agriculture," says Marvin Yeo, who left the Asian Development Bank to start one of Cambodia's first venture-capital firms.Cambodia's hard-to-access oil and gas fields had been isolated for decades by low petroleum prices and the posttraumatic stress of the Indochina wars. But with oil at $125 a barrel, few fields are too risky, and Chevron, Cnooc, China Petrotech and Total are scrambling to negotiate exploration contracts—even though no one is quite sure yet how big the fields are. In March, the...

Khmer Rouge Trials Turn to Farce

Nearly 10 years after the Cambodian government first asked for help setting up a court to try leaders of the murderous Khmer Rouge regime, it has yet to hold a single hearing. Washington refuses to fund the court on the ground that it's not up to international standards, and its ambassador, Joseph Mussomeli, says, "no trial would be better than a trial that will be a farce." The court's foreign and Cambodian judges are deadlocked over procedure, and the foreign judges have threatened to walk out rather than participate in what they fear could become an exercise in politics over justice.It wasn't supposed to be this way. Since the Nuremberg tribunal after World War II, trials of brutal leaders have slowly become more common and established a moderately positive record. U.N. courts have convicted numerous individuals for the wars in the former Yugoslavia and the Rwandan genocide. A hybrid court under local and international auspices is slowly getting off the ground in Sierra Leone....