down pure ror rank democracy no or very little representation of veto power from the minorities no by cameral dispensation and. pretty much very little devolution to the provinces so that is one of his legacy ok i wonder what is right now one sort of right now roger in the new yorker if i go to you what kind of legacy is in your mind when you think of nelson mandela because of my courage right upfront i mean i'm a child of the cold war and i remember him in the context of the cold war south africa fighting communism the big confrontation between the united states and the soviet union and a great deal of his life before he went to prison was about that go ahead roger. right so i appreciate on a leaving the head geography to me in germany but i'm not here to do that. look when a man of this stature dies you will have in the press a great deal of her geography and it behooves those of us who pretend to be scholars to look beyond that so i'm not surprised about the geography now a lot of them mention the one party state that came about as a result of what she called the axis of evil well some his

welcome to camer qaa. other people want to make friend, i'm just trying to make you a little money. my job isn't just to entertain you, but educate you so call me at 800-upon vr 743-cnbc. on a not so hot day for the market, the s&p declined .3%, and the nasdaq dipped

welcome to camer qaa. other people want to make friends and i'm just trying to make a little mono pep my job is not just to educate you, but entertain you and call me at 800-743-cnbc. let me see, we're supposed to sell stocks like crazy. >> sell, sell, sell, sell! >> when the fed is helpful in keeping interest rates down. we were supposed to be in a panic sell-off mode, right? the market plummeting instantly and the fed slowed down the bond buying? some of the allegedly intelligent people have been yelling this from the rooftops for years and i've accepted it as conventional wisdom. why did stocks rally beautifully on the news? >> that the fed is starting to cut back on all of that bond buying. the dow soaring, and the nasdaq jumping 1.15%, simple. the fed knew what it was doing. because ben bernanke knows what he's doing. because in this case, the one rare case we are a part of the government than the people who trade stocks and bonds for a living. we might have to endure endless attacks from ben bernanke

i think one of the most positive things that could come out of camer cameron's visit to china is they will come more under laws like the bribery act and be expected to act more with international law. that is a big thing. >> new zealand got a top spot. i think we're comfortable with that. >> scandinavians always perform on the high side of these indices. >> thank you very much for that. for full analysis of this sections index, head to our website. cnbc.com or catch us on twitter @cnbcworld. >>> speaking to michelle caruso cabrera, harris warned challenges still remain. >> obviously, we have come a lock ways since the springtime. we have exited the danger zone, we are stabilizing the situation, we're taking control of the situation. the challenges, of course, remain, but i think this is what the rating agents are beginning to register. the resilience of the secured economy and the determination to bring it back on tap, basically. >> so you mentioned that there are still challenges and hurdles. one of them must be the removal finally of the capital controls. you said earlier this month