What happened on December 7, 1978?

Headlines from December 7, 1978

• 🛰️ Soviet Launches 8 Satellites – The Soviet Union successfully launched eight communications satellites into orbit aboard a single rocket, enhancing its space capabilities.
• 🎾 Miss Mandlikova Triumphs – Sixteen-year-old Hana Mandlikova achieved a significant victory in the Women's Tennis Classic, defeating her experienced compatriot.
• 🎭 Opera: Juilliard's ‘Ballo’ – The Juilliard American Opera Center opened its season with Verdi's 'Un Ballo in Maschera,' showcasing new vocal talent.
• 📈 U.S. Endorses Monetary Agreement – The U.S. endorsed a new monetary arrangement agreed by European leaders, aiming for a common currency by January.
• 🌍 Australia to Admit More Vietnamese – Australia plans to increase the number of Vietnamese refugees it will accept for permanent settlement amid ongoing discussions.
• 🏦 New Lending Policy for Inter-American Bank – Major contributors to the Inter-American Development Bank reached a consensus on a significant redirection of its lending policy.
• ⚖️ Federal Trial on Fire Upheld – The U.S. Court of Appeals upheld the start of a federal trial related to the Beverly Hills Supper Club fire.
• 🏦 CREDIT MARKETS – A heavy slate of new corporate and municipal bonds entered the market, but investors were cautious in their purchases.
• 🏗️ U.S. Steel Talks with China – U.S. Steel is negotiating a billion-dollar contract to build an iron-ore processing complex in China.
• 🏛️ Justice Department May Modify Stand – The Justice Department hinted at a potential softening of its defense regarding veterans' hiring preferences.