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Pulp International - Police Gazette cover from December 1950 with Joe Louis
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.
March 19
1931—Nevada Approves Gambling
In the U.S., the state of Nevada passes a resolution allowing for legalized gambling. Unregulated gambling had been commonplace in the early Nevada mining towns, but was outlawed in 1909 as part of a nationwide anti-gaming crusade. The leading proponents of re-legalization expected that gambling would be a short term fix until the state's economic base widened to include less cyclical industries. However, gaming proved over time to be one of the least cyclical industries ever conceived.
1941—Tuskegee Airmen Take Flight
During World War II, the 99th Pursuit Squadron, aka the Tuskegee Airmen, is activated. The group is the first all-black unit of the Army Air Corp, and serves with distinction in Africa, Italy, Germany and other areas. In March 2007 the surviving airmen and the widows of those who had died received Congressional Gold Medals for their service.
March 18
1906—First Airplane Flight in Europe
Romanian designer Traian Vuia flies twelve meters outside Paris in a self-propelled airplane, taking off without the aid of tractors or cables, and thus becomes the first person to fly a self-propelled, heavier-than-air aircraft. Because his craft was not a glider, and did not need to be pulled, catapulted or otherwise assisted, it is considered by some historians to be the first true airplane.
1965—Leonov Walks in Space
Soviet cosmonaut Aleksei Leonov leaves his spacecraft the Voskhod 2 for twelve minutes. At the end of that time Leonov's spacesuit had inflated in the vacuum of space to the point where he could not re-enter Voskhod's airlock. He opened a valve to allow some of the suit's pressure to bleed off, was barely able to get back inside the capsule, and in so doing became the first person to complete a spacewalk.
March 17
1966—Missing Nuke Found
Off the coast of Spain in the Mediterranean, the deep submergence vehicle Alvin locates a missing American hydrogen bomb. The 1.45-megaton nuke had been lost by the U.S. Air Force during a midair accident over Palomares, Spain. It was found resting in nearly three-thousand feet of water and was raised intact on 7 April.
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