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December 7, 1958

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from December 7, 1958

CAPITAL AVOIDING POOREST NATIONS; Private Investments Scant in Needy Lands, Where Reds Push Cause HOUSE STUDY BEGUN Extreme Nationalism and Fear of Expropriation Called Difficulties CAPITAL AVOIDING POOREST NATIONS

By Brendan M. Jones

article on US investments notes 2/3 of current $55-billion level is private capital; explains private capital avoidance of underdeveloped areas where US Govt feels investments are basic; chart on Govt, private investments, '46-57; on distribution of direct private outflow

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Notable Births

Tim Butler

1958Tim Butler, English bass player and songwriter[†]

Timothy George Butler is an English musician and songwriter. He is the bassist, and co-founder of the English rock band the Psychedelic Furs. His brother Richard Butler and himself founded the band. He is also the youngest of three brothers.

Rick Rude

1958Rick Rude, American wrestler and sportscaster (died 1999)[†]

Richard Erwin Rood, better known by his ring name "Ravishing" Rick Rude, was an American professional wrestler who performed for many promotions, including World Wrestling Federation (WWF), World Championship Wrestling (WCW), and Extreme Championship Wrestling (ECW).

Historical Context for December 7, 1958

In 1958, the world population was approximately 2,911,249,671 people[†]