On this day

January 7, 1978

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

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Headlines from January 7, 1978

Reserve Lifts Its Bank Loan Rate; Stocks Off, Citibank Raises.Prime

By John H.allan

US Fed Reserve Bd approves increase in discount rate, from 6% to 6 1/2%; cites current disorder in currency exch mkts resulting from decline of dollar; apparently is 1st time in recent yrs that bd has used discount rate as device to influence currency mkts; analysts interpret decision as symbolic gesture to underscore determination to support dollar against foreign currencies (M)

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INDIANS LOSE IN COURT IN FIGHT TO GAIN LAND

By Unknown Author

Fed jury, Boston, decides that Wampanoag Indians, Mashpee, Mass, were not tribe on key legal dates of their history, thus balking land claim; Skinner gives Indians' attys until Jan 20 to show why he should not dismiss case; jury finds that group was not tribe in 1870, when, Indians charge, lands were taken from them, or in Aug '76 when they filed Fed lawsuit seeking undeveloped land; tribal council pres Russell Peters, Mashpee Selectmen Bd chmn Kevin D O'Connel, town atty James D St Clair, defense counsel Allan vanGestel and Selectman Robert A Maxim comment; possible effect on other pending Indian suits in northeastern states noted; Chief Ellsworth Oakley illus; map (M)

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Efforts to Save‐Music Hall Started

By Lesley Oelsner

public and private efforts to save hall are begun, with some Govt officials confident way can be found to keep hall open; Lt Gov Mary Anne Krupsak says she will meet with officials to try to develop rescue plan; Sen Jacob Javits calls for creative govt-business partnership to revive hall; others involved in efforts include Robert J Milano, Deputy Mayor for Econ Development, and William T Conklin, chmn of special NYS Sen com on cultural indus; hall spokesman Patricia Roberts comments (M)

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Japanese Data Show Tokyo Tried To Make World War II A‐Bomb

By Malcolm W.browne

Deborah Shapley, writing in Science, repts that Japan was working on atomic bomb during World War II, but was thwarted by air raids, lack of official coordination, lack of funds and backwardness of its atomic physics; cites documents contained in 13th vol of history of science and tech in World War II, published in Japan in '70, Tetu Hiroshige's soc history of science, published in '73, and subsequent work of Charles Weiner of MIT and Herbert F York Jr of Univ of Calif; scholars say findings may lead to re-evaluation of criticism directed at US for atomic bombing of Hiroshima and Nagasaki, which is based in part on idea that Japanese never considered developing the bomb; suggest that there was conspiracy of silence on part of Japanese atomic physicists; Japanese bomb project was directed, according to documents, by late Yoshio Nishina (M)

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Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of January 4, 1978, covering January 7, 1978.

  1. 1
    Album cover for Rumours by Fleetwood Mac

    Rumours

    Fleetwood Mac

    Last week
    2
    Peak
    1
    Weeks
    46
  2. 2
    Album cover for Foot Loose + Fancy Free by Rod Stewart

    Foot Loose + Fancy Free

    Rod Stewart

    Last week
    3
    Peak
    2
    Weeks
    7
  3. 3
    Album cover for All 'n' All by Earth| Wind & Fire

    All 'n' All

    Earth| Wind & Fire

    Last week
    4
    Peak
    3
    Weeks
    6
  4. 4
    Album cover for Out Of The Blue by Electric Light Orchestra

    Out Of The Blue

    Electric Light Orchestra

    Last week
    5
    Peak
    4
    Weeks
    7
  5. 5
    Album cover for Simple Dreams by Linda Ronstadt

    Simple Dreams

    Linda Ronstadt

    Last week
    1
    Peak
    1
    Weeks
    16

Notable Births

1978Dean Cosker, English cricketer and umpire[†]

Dean Andrew Cosker is an English cricket referee and former cricketer. He is a right-handed batsman and a left-arm slow bowler who played for Glamorgan. He has played in first-class, List A and Twenty20 cricket. He attended Millfield School in Somerset between 1991 and 1996.

Historical Context for January 7, 1978

In 1978, the world population was approximately 4,292,097,502 people[†]