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.
1990: Pro Football Hall of Fame coach George Allen, who never had a losing season in 12 seasons with the Los Angeles Rams and Washington, dies of ventricular fibrillation at the age of 72 in Palos Verdes Estates, California. He ranked 10th all-time in coaching victories at time of retirement and has the fourth best winning percentage in the NFL.
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