Sportswire Dec 29 2016
SAY IT AIN'T SO JOE
A legendary boxer faces the winter of his discontent.

The National Police Gazette asks on a cover from this month in 1950 “What Will Happen to Joe Louis?” It's a poignant question. Louis had earned more than $4 million during his boxing career (about $40 million in 2016 money), but thanks to predatory managers and slimy handlers had received only about $800,000 of it. However, his gross earnings left him with a huge tax bill, forcing him to fight past his prime in an attempt to pay off the debt. In September 1950 he met Ezzard Charles and was thrashed. For his pain he earned just over $100,000—not nearly enough to pay off the government. Left with no choice, he decided to shoot for another big payday. First he notched several wins again club level fighters, then booked a bout against another top boxer. That boxer was twenty-seven year old Rocky Marciano, and the meeting ended with Louis being knocked clean out of the ring. So, getting back to the Gazette's question: "What will happen to Joe Louis?" What happened is he retired and became an exhibition fighter, still carrying that heavy debt, and he never paid it off.

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History Rewind
The headlines that mattered yesteryear.
June 28
1958—Workers Assemble First Corvette
Workers at a Chevrolet plant in Flint, Michigan, assemble the first Corvette, a two-seater sports car that would become an American icon. The first completed production car rolls off the assembly line two days later, one of just 300 Corvettes made that year.
June 27
1950—U.S. Decides To Fight in Korea
After years of border tensions on the partitioned Korean peninsula, U.S. President Harry Truman orders U.S. air and sea forces to help the South Korean regime repel an invasion by the North. Soon the U.S. is embroiled in a war that lasts until 1953 and results in a million combat dead and at least two million civilian deaths, with no measurable gains for either side.
June 26
1936—First Helicopter Flight
In Berlin, Germany, in a sports stadium, Ewald Rohlfs takes the Focke-Wulf Fw 61 on its first flight. It is the first fully-controllable helicopter, featuring two counter rotating rotors mounted on the chassis of a training aircraft. Only two are ever produced, and neither survive today.
1963—John F. Kennedy Visits Berlin
22 months after East Germany erects the Berlin Wall as a barrier to prevent movement between East and West Berlin, John F. Kennedy visits West Berlin and speaks the famous words "Ich bin ein Berliner." Suggestions that Kennedy misspoke and in reality called himself a jelly donut are untrue.
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