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...first time in its 64 seasons, the Met faced a double audience on opening night: the 3,459 seat holders, and an estimated 2,000,000 who watched every move on television.* After a summer of uncertainty and criticism (TIME, Aug. 16 et seq.), the Metropolitan's management was anxious to please both...
...Pearson's long feud with the late "Cissy" Patterson, he learned that you can't win an argument with mother-in-law (TIME, May 18, 1942 et seq.). Cissy and Pearson had continued to get along fine even after Drew and Cissy's daughter Felicia got a friendly divorce. ("He wanted me to be too domestic," says Felicia. "I'm not much for pressing pants." Grandfather Pearson still dotes on their daughter Ellen and her year-old son Drew.) Cissy and Pearson split over politics: Pearson & Allen became too New Dealish for Cissy's taste...
...Government securities that FRB was forced to buy up $1,422,000,000, the greatest amount ever bought in one week. Part of the selling was caused by the banks' need for more cash reserves, because of FRB's tightening up reserve requirements (TIME, Aug. 16 et seq.), but there was enough other selling to rouse bankers into the hottest fiscal argument of the year on the pegging policy...
Ever since the dramatic climax of the Kasenkina affair (TIME, Aug. 16 et seq.), the U.S.S.R. has looked ridiculously like a man who has lit up an explosive cigar. But last week the Soviet Foreign Office shaped its singed eyebrows into a frown and did its indignant best to act as though some capitalist had thrown a bomb...
Management Maneuver. Montgomery Ward's management, bouncing back from a wave of resignations (TIME, May 31 et seq.), took a firm new grip on the business. The remaining ten directors voted to cut the board from 15 members to twelve, with only two new directors to be elected; stockholders would have a minimum opportunity to express disapproval of imperious Chairman Sewell Avery...