ARGENTINA: Riding High

With the approach of autumn, Buenos Aires' good airs cleared perceptibly. The distant thunder that had muttered ominously through Argentina's hot political summer rumbled no more. Businessmen who called on cabinet ministers last week noted a new air of confidence.

Life returned to the Congressional Palace, where President Juan Perón's constitutional convention had sat idle for three weeks. Briskly, on orders from the Casa Rosada, the convention approved a final, edited copy of the new constitution—almost exactly as the President himself had read it to the Peronista caucus two months before (TIME,...