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President Jimmy Carter authorizes legislation giving $1.5 billion in loans to bail out the Chrysler Corporation. 1979 – Third Indochina War: Cambodian–Vietnamese War: Phnom Penh falls to the advancing Vietnamese troops, driving out Pol Pot and the Khmer Rouge.1973 – In his second shooting spree of the week, Mark Essex fatally shoots seven people and wounds five others at Howard Johnson's Hotel in New Orleans, Louisiana, before being shot to death by police officers.1972 – Iberia Flight 602 crashes near Ibiza Airport, killing all 104 people on board.1968 – Surveyor Program: Surveyor 7, the last spacecraft in the Surveyor series, lifts off from launch complex 36A, Cape Canaveral.1959 – The United States recognizes the new Cuban government of Fidel Castro.1955 – Contralto Marian Anderson becomes the first person of color to perform at the Metropolitan Opera in Giuseppe Verdi's Un ballo in maschera.1954 – Georgetown-IBM experiment: The first public demonstration of a machine translation system is held in New York at the head office of IBM.1950 – In the Sverdlovsk air disaster, all 19 of those on board are killed, including almost the entire national ice hockey team ( VVS Moscow) of the Soviet Air Force – 11 players, as well as a team doctor and a masseur.1948 – Kentucky Air National Guard pilot Thomas Mantell crashes while in pursuit of a supposed UFO.1940 – Winter War: Battle of Raate Road: The Finnish 9th Division finally defeat the numerically superior Soviet forces on the Raate-Suomussalmi road.1935 – Benito Mussolini and French Foreign minister Pierre Laval sign the Franco-Italian Agreement.1931 – Guy Menzies flies the first solo non-stop trans-Tasman flight (from Australia to New Zealand) in 11 hours and 45 minutes, crash-landing on New Zealand's west coast.1928 – A disastrous flood of the River Thames kills 14 people and causes extensive damage to much of riverside London.1927 – The first transatlantic commercial telephone service is established from New York City to London.1922 – Dáil Éireann ratifies the Anglo-Irish Treaty by a 64–57 vote.1920 – The New York State Assembly refuses to seat five duly elected Socialist assemblymen.1919 – Montenegrin guerrilla fighters rebel against the planned annexation of Montenegro by Serbia, but fail.1904 – The distress signal " CQD" is established only to be replaced two years later by " SOS".On the same day, his employee, William Kennedy Dickson, receives a patent for motion picture film. 1894 – Thomas Edison makes a kinetoscopic film of someone sneezing.1867 – The Kingstree jail fire kills 22 freedmen in Reconstruction-era South Carolina.1835 – HMS Beagle, with Charles Darwin on board, drops anchor off the Chonos Archipelago.1785 – Frenchman Jean-Pierre Blanchard and American John Jeffries travel from Dover, England, to Calais, France, in a gas balloon.

1782 – The first American commercial bank, the Bank of North America, opens.1738 – A peace treaty is signed between Peshwa Bajirao and Jai Singh II following Maratha victory in the Battle of Bhopal.1708 – Bashkir rebels besieged Yelabuga.It is one of the events of the Bashkir rebellion of 1704–1711.

1708 – Battle of Zlatoust (1707): Battle between Bashkir and Tatar rebels and the government troops of the Tsardom of Russia.

1610 – Galileo Galilei makes his first observation of the four Galilean moons: Ganymede, Callisto, Io and Europa, although he is not able to distinguish the last two until the following night.

1608 – Fire destroys Jamestown, Virginia.

1558 – French troops, led by Francis, Duke of Guise, take Calais, the last continental possession of England.

1325 – Alfonso IV becomes King of Portugal.

49 BC – The Senate of Rome says that Caesar will be declared a public enemy unless he disbands his army, prompting the tribunes who support him to flee to where Caesar is waiting in Ravenna.

January 7 is the seventh day of the year in the Gregorian calendar 358 days remain until the end of the year (359 in leap years).