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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 - Gabby Douglas
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Mike Blake/Reuters

1995: Gymnast Gabby Douglas, who won gold medals in both the individual and team all-around competitions at the 2012 Summer Olympics in London, is born in Virginia Beach, Va.

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