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.
1970: Paul McCartney sues to dissolve The Beatles' contractual partnership and breaks ties with Allen Klein, who the other three members had chosen to manage their affairs. Legal disputes would continue long after the band's break-up, and the dissolution wouldn't be formalized until Jan. 9, 1975.
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