ARGENTINA: Unmerry May Day

When Juan Perón returned to power last October, he vowed to go before Argentines every May Day to deliver a progress report. As the date approached last week, he had some notable achievements to boast about: inflation had been cut from 80% to 30%, wages raised 13%, and the nation's pride had been given a boost when Washington was forced last month to back down from an order that prevented subsidiaries of U.S. auto companies in Argentina from selling cars to Cuba. But pride and prosperity were only part of el Lider 's...