On this day: December 31

POSTED: 04:25 AM CST Dec 29, 2012    UPDATED: 01:00 AM CST Dec 31, 2013 
ship going through Panama Canal

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.