Carter Asks Senate Unit to Waive Deadline on Lance's Sale of Stock
Pres Carter asks Sen to waive deadline for Lance's sale of bank stock; says deadline has contributed to substantial artificial lowering of stock's price; Lance por (M)
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Pres Carter asks Sen to waive deadline for Lance's sale of bank stock; says deadline has contributed to substantial artificial lowering of stock's price; Lance por (M)
Adela Holzer, Bway investor and producer, is arrested and charged with defrauding investors in foreign nontheatrical business ventures of more than $800,000; after reaping enormous return from her investment in Hair--about $2-million from $50,000 she put in--she began producing plays; Bway friends speculated that money Holzer had poured into productions to keep them going despite poor attendance might have caused her financial downfall (S)
After 4 1/2 yrs of pretrial maneuvering, $300-million antitrust suit by Berkey Photo Inc against Eastman Kodak Co is scheduled to come to trial; case will be heard by Judge Marvin E Frankel;illus (M)
A. FL Raskin reports American labor and industry have reached independent judgments that the United States should pull out of the International Labor Organization, a move that could rock the structure of the United Nations. Page D9.
Music on My Birthday
The Top 50 albums for the chart week of July 13, 1977, covering July 13, 1977.
Barry Manilow
Peter Frampton
Fleetwood Mac
The Steve Miller Band
Barbra Streisand
1977Chris Horn, American football player[†]
Chris Horn is a former American football wide receiver who played for the Kansas City Chiefs.
1977Somalia declares war on Ethiopia, starting the Ogaden War.[†]
Somalia, officially the Federal Republic of Somalia, is the easternmost country in continental Africa. The country is located in the Horn of Africa and borders Ethiopia to the west, Djibouti to the northwest, Kenya to the southwest, the Gulf of Aden to the north, and the Indian Ocean to the east. Somalia has the longest coastline on Africa's mainland. Somalia has an estimated population of 18.1 million, of which 2.7 million live in the capital and largest city, Mogadishu. Around 85% of Somalia's residents are ethnic Somalis. The official languages of the country are Somali and Arabic, though Somali is the primary language. Somalia has historic and religious ties to the Arab world. The people in Somalia are mainly Muslims, following the Sunni branch.
1977New York City: Amidst a period of financial and social turmoil experiences an electrical blackout lasting nearly 24 hours that leads to widespread fires and looting.[†]
Immediately after World War II, New York City became known as one of the world's greatest cities. However, after peaking in population in 1950, the city began to feel the effects of suburbanization brought about by new housing communities such as Levittown, a downturn in industry and commerce as businesses left for places where it was cheaper and easier to operate, an increase in crime, and an upturn in its welfare burden, all of which reached a nadir in the city's fiscal crisis of the 1970s, when it barely avoided defaulting on its obligations and declaring bankruptcy.
In 1977, the world population was approximately 4,217,863,796 people[†]