User:Malmcp85/January 1977

The following events occurred in January 1977:

January 1, 1977 (Saturday)

 * Britain together with European Economic Community (EEC) countries extend fishing limits to 200 miles offshore (with effect from 1 April).

January 2, 1977 (Sunday)

 * Carlos Romero Barceló is sworn in as Puerto Rico's fifth elected governor amid controversy over President Gerald Ford's announcement that he would ask Congress to grant statehood to the island.

January 3, 1977 (Monday)

 * The International Monetary Fund approves a standby arrangement authorising Great Britain to borrow up to $3.9 billion over the next 24 months.
 * Israeli Housing Minister Avraham Ofer, whose name had been mentioned in connection with a police investigation into corruption, commits suicide by shooting himself in his car on a beach near Tel Aviv home, leaving a note denying all allegations against him.

January 4, 1977 (Tuesday)

 * President Gerald Ford proposes a $10 billion personal income tax cut along with $2.5 billion in corporate tax reductions. The package also calls for a $5.1 billion increase in personal Social Security taxes over a two-year period.
 * Jimmy Carter makes public a tough ethics code for top government officials and pledges to free himself of any possible conflict of interest by turning over his prosperous peanut business to trustees who will lease or sell it.

January 5, 1977 (Wednesday)

 * Figures released from the International Wheat Council show bumper crops in the Soviet Union, North America, India, China and Argentina (while the world population increased by 67%, wheat production increased by 155%).

January 11, 1977 (Tuesday)

 * The British Chancellor announces an agreement on a safety net to solve the problem of Britain's sterling balances.

January 12, 1977 (Wednesday)

 * A volcanic eruption occurs in East Zaire: the lava flow moved at 7 km/hr. on the surrounding countryside.

January 13, 1977 (Thursday)

 * Britain records its heaviest snowfall for a decade.