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is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Since crowds first began gathering in Times Square to commemorate New Year’s Eve over a century ago, it has been a ritual to flock to midtown’s brightly lit chaos to ring in new beginnings. At 11:59 p.m. a dazzling ball descends down a pole, while attendees — and millions of people tuning in from home — count down from 60. At the stroke of midnight, the crowd erupts into a cacophony of sound, often pulling their loved one in for a ceremonial kiss.

But how did this New Year’s Eve celebration start, and why do we commemorate the occasion by watching a ball descend down a pole?

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. The Times Square ball first dropped in 1904, and it came into being thanks to Jacob Starr, a Ukranian immigrant and metalworker, and the former New York Times publisher, Adolph Ochs. The latter had successfully drawn crowds to the newspaper’s skyscraper home in Times Square with pyrotechnics and fireworks to celebrate the forthcoming year, but city officials banned explosives from being used after just a few years of the festivities.

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. So Ochs commissioned Starr, who worked for sign-making firm Strauss Signs (later known as Artkraft Strauss, a company at which Starr served as president), to create a new visual display.

Over the past century, that display, and symbol of the New Year has evolved from a iron and wood cage adorned with light bulbs to a dazzling technicolor crystal sphere.

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. Their concept was based on time balls, nautical devices that had gained popularity in the 19th century. As time-telling became more precise, ship navigators needed a standardized way to set their chronometers. Each day, harbors and observatories would raise and lower a metal ball at the same time to allow sailors to synchronize their instruments.

Both Ochs and the New York Times’ chief electrician, Walter Palmer, have been credited with the idea, allegedly inspired by the downtown Western Union Building, which dropped a time ball each day at noon. But Starr’s granddaughter Tama, who joined Artkraft Strauss in 1982 and now owns the business, said in a phone interview that she believes it was her grandfather who came up with the concept of the ball being lowered and lit up with the new year numerals at midnight.

“The idea was to … have it illuminated with the brand-new electricity that had just come up to the neighborhood,” said Tama, who for many years served as foreperson at the Times Square ball drop. “And it was lowered by hand … starting at one minute to midnight, and that was the way it was done for many years.”

“It was an adaptation of an old, useful thing,” she added. “It was instantly popular. People just loved it.”

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is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. When the ball reached the parapet with a sign displaying the numbers of the year, “the electrician would throw the switch, turning off the ball and turning on the numbers at the same time,” Tama said. “So it looked like the ball coming down transformed into the set of numbers.”

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. All of Times Square got in on the theatrics. In the first year, waiters in nearby restaurants and hotels wore battery-powered “1908” top hats that they illuminated at the stroke of midnight.

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. There have been seven different Times Square balls since that first descent, from a 700-pound iron structure fitted with 25-watt light bulbs, to a lighter aluminum frame after World War II, to a “Big Apple” during the administration of the city’s former mayor Ed Koch.

In 1995, when the ball got a glitzy update with rhinestones, strobe lights and computer controls, traditional signmakers were no longer needed — which meant that Artkraft Strauss, the company that had brought the ball to Times Square, was no longer needed either. Today’s ball is a collaboration between Waterford Crystal and Philips Lighting, using 32,256 LEDs that can be programed to display millions of colors and patterns on its surface.

is mahanagar gas limited (mgl) worth holding long term ✌️【Market Trends】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. When the last minute of the year arrived, workers lowered the ball down using a complex pulley system.

In performing this ritual year after year, Tama sees an intrinsic link between the countdown, which she calls “a minute outside of time,” and the making of New Year’s resolutions.

“When you’re concentrating really hard, time seems to slow down,” she said. “It felt like the longest minute in the world. It felt like you had time to wash your hair, call your mother, change your life. You really can change your life in one minute — you can decide to be different. You can decide to be kinder and better.”

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