What happened on October 9, 1979?

Headlines from October 9, 1979

• ⛵ Medieval Ship Discovered – Archeologists unearthed a medieval ship built on a Viking design in Stockholm, dating back to the 13th century.
• 🛢️ Kuwait Raises Oil Prices – Kuwait increased its official oil price by 10% to $21.43 a barrel, retroactive to October 1.
• 🌍 Poor Nations' Outlook Bleak – The UN reported that developing countries face worsening economic conditions through 1980 with rising debts.
• 🎾 U.S. Reaches Davis Cup Final – Vitas Gerulaitis secured victory for the U.S. over Australia, advancing to the 1979 Davis Cup final against Italy.
• 📈 Jewel Companies' Profits Rise – Jewel Companies reported a significant increase in net income for the fiscal year, surpassing last year's earnings.
• 🌊 Sponge Diving Tradition – Sponge diving near Kalymnos, Greece, continues despite hazards, preserving an ancient tradition dating back to Homer.
• 💼 Players Union Signs Pact – The Major Indoor Soccer League and its union announced a landmark collective-bargaining contract with no reserve system.
• 📉 Commodity Prices Decline – Commodity futures prices fell broadly as markets reacted to the Federal Reserve's efforts to stabilize the dollar.
• 📊 Steel Output Declines – Steel production decreased to 2.9 million tons last week, down 1.4% from the previous week, according to reports.
• 📅 World Series Begins – The World Series featuring the Baltimore Orioles and Pittsburgh Pirates starts, emphasizing fun over finances.