New York's Times Square Preps For Marquee New Year's Event

The New Year's celebration in Times Square in New York is well known, but it actually takes a year of planning. As the event nears, preparations are intense, and it's not just the infamous ball; there are balloons to blow up, confetti to fluff and there's even a place for people to write their wishes on pieces of confetti that will be dropped from seven buildings in the area. With half a billion Chinese watching, and millions in Latin America, it's a worldwide celebration.