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.
1959: Actor Val Kilmer, best known for movies such as "Top Gun," "Willow," "The Doors," "Heat," "Tombstone" and "Batman Forever," is born in Los Angeles.
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