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.
August 18
1920—U.S. Women Gain Right To Vote
The Nineteenth Amendment to the United States Constitution is ratified despite heavy conservative opposition. It states that no U.S. citizen can be denied the right to vote because of their gender.
1958—Lolita is Published in the U.S.
Vladimir Nabokov's controversial novel Lolita, about a man's sexual obsession with a pre-pubescent girl, is published in the United States. It had been originally published in Paris three years earlier.
August 17
1953—NA Launches Recovery Program
Narcotics Anonymous, a twelve-step program of drug addiction recovery modeled on Alcoholics Anonymous, holds its first meeting in Los Angeles, California.
August 16
1942—Blimp Crew Disappears without a Trace
The two-person crew of the U.S. naval blimp L-8 disappears on a routine patrol over the Pacific Ocean. The blimp drifts without her crew and crashes in Daly City, California. The mystery of the crew's disappearance is never solved.
1977—Elvis Presley Dies
Music icon Elvis Presley is found unresponsive by his fiancée on the floor of his Graceland bedroom suite. Attempts to revive him fail and he's pronounced dead soon afterward. The cause of death is often cited as drug overdose, but toxicology tests have never found evidence this was the case. More likely, years of drug abuse contributed to generally frail health and an overtaxed heart that suddenly failed.
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