The famous "Ball Lowering" in Times Square was started by Alfred Ochs,owner of The New York Times.
Alfred arranged a large illuminated seven-hundred-pound iron and wood ball lowered from the tower flagpole precisely at midnight to signal the end of 1907 and the beginning of 1908 in New York Times Square
It was inspired by a Ukrainian metal worker who reenacted a centuries-old seafaring tradition to lower gold-plated balls to tell time.
2008 year marks the 100th birthday of the New Year’s Eve Ball. This year, the motif is “Let There Be Light'' and features 10,000 computer-controlled lights, producing 6 million color combinations
The first "time-ball" was installed atop England's Royal Observatory at Greenwich in 1833. his ball would drop at one o'clock every afternoon, allowing the captains of nearby ships to precisely set their chronometers
credits: timessquare, pics
Wishing you all a Very Happy New Year