On this day: December 31

Published On: Dec 29 2012 04:25:41 AM CST   Updated On: Dec 31 2015 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 - Taylor Hackford
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1944: Filmmaker Taylor Hackford, best known for directing movies such as "An Officer and a Gentleman," "Against All Odds," "White Nights," "Proof of Life" and "Ray," is born in Santa Barbara, California. Hackford received an Academy Award for Live Action Short Film for "Teenage Father" in 1979 and was nominated for Oscars for Best Director and Best Picture for 2004's "Ray." He's seen here with his wife, Oscar-winning actress Helen Mirren, in 2012.

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