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On this day: December 31

Published On: Dec 29 2012 04:25:41 AM CST   Updated On: Dec 31 2012 01:00:00 AM CST

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 - Val Kilmer
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Robert Galbraith/Reuters

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, Calif.

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