The day in 1990 that Nelson Mandela walked to freedom, I waited hours in the hot sun outside city hall in downtown Cape Town, in a crowd of thousands of blacks and mixed-race coloreds dying to glimpse their hoped-for savior. Mandela, who died today at 95, had been locked away in prison for more than 27 years. As it happened, the excitement of witnessing history that day was tarnished by mishaps.
Former Goldman Sachs Group Inc. director Rajat Gupta’s breach of contract suit against the chief executive officer of private equity firm New Silk Route Partners was dismissed as moot by a federal judge.
Investors’ demand for insurance against political risk is on track to match last year’s record as instability persists in the Middle East and disputes in Latin America erode confidence, the World Bank said.