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Israeli prime minister Netanyahu meets President Obama in Washington D.C. the day after Obama called for Israel to return to pre-1967 borders in a negotiated settlement. Netanyahu rejected Israel's return to pre-1967 borders, calling these borders "indefensible" and also "unrealistic" because of the large Israeli settlements inside the West Bank. He told Obama "this does not take into account certain demographic changes that have taken place on the ground over 44 years." Netanyahu is looking for clarification from Obama on a critical issue for Israel- keeping forces in the Jordan Valley, its eastern boundary with the proposed Palestine state, because of Israel's small territory which is narrow in the middle. Obama had called for a "full and phased withdrawal of Israeli military forces" from the West Bank.

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The story of Rajat Gupta, quiet with a soft manner, who headed McKinsey consultants from 1994 to 2003. What eventually happened with Gupta showed another side which the Economist described in an article on McKinsey in July 1996. His relationship with hedge fund manager Rajaratnam, and his other business dealings have come under investigation by the S.E.C. and federal authorites in the U.S.

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The S.E.C. proposal for regulation of credit ratings agencies in the U.S.

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General Mills acquired a 51% stake in Yoplait for 810 million euros. This deal includes a 50% interest in an entity that holds the worldwide Yoplait brands. Sodiaal, the French dairy cooperative, will keep the remaining stakes. For 30 years General Mills has manufactured and distributed the Yoplait products in the U.S.

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Gen. Chen Bingde, People's Liberation Army chief of general staff, leads a military delegation from China to the U.S. He made a speech at National Defense University in Washington D.C. in May 2011. In that speech he pointed out that China's military capabilities remain far behind the U.S. capabilities, which he described as "a gaping gap." He described China's military modernization as having "unfortunately aroused unfounded suspicion and exaggeration of China's defense and military capabilities." With the overstatement of the threat posed by China only "distorting China's strategic intention, tarnishing its international image, and polluting the political environment for Sino-U.S. military relations." In other remarks he said China "does not want to use our money to buy equipment or advanced weapons to challenge the United States." The meeting between Admiral Mullen and Gen. Bingde was the first in seven years between military chiefs of the two countries.

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Higher per capita wheat consumption in Middle East countries means that the impact of rising wheat prices hits these countries harder. Wheat futures have gone up by 91% in less than one year. Tunisians for example eat 478 pounds per person a year compared to 177 pounds in the U.S., according to the U.N. Food and Agriculture Organization. Governments in the Middle East buy wheat at world prices and subsidize it heavily to meet the needs of their people. Wheat at these prices cost Egypt $361 per metric ton in February, which was up significantly from $172 in July 2010. This adds $1.7 billion to Egypt's import bill in 12 months.