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On this day: December 31

POSTED: 02:25 AM PST Dec 29, 2012    UPDATED: 11:00 PM PST Dec 30, 2013 

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.

OTD December 31 - Bebe Neuwirth
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Lucas Jackson/Reuters

1958: Actress Bebe Neuwirth, best known for playing Dr. Lilith Sternin on "Cheers" and "Frasier" and for her Tony-winning roles on Broadway, is born in Princeton, N.J.

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