Vintage Pulp | Sportswire Mar 6 2010
JOLTIN' JOE
Joe Louis was indomitable during his prime, but was forced to fight long after his youth was gone.

Above we have a National Police Gazette with a boxing cover, from sixty years ago this month, with the editors’ warning to the retired Joe Louis to stay out of the ring. But what the Gazette didn’t know was that the 36 year-old Louis was under investigation by the IRS, and he suspected the outcome wouldn’t be good. In May 1950 Louis was jolted when the authorities declared that he owed half a million dollars in back taxes. With only one way to earn the cash, he cut a deal to box for prize money to put toward his debt. He fought and lost to Ezzard Charles in September, and the next year was knocked clean out of the ring by Rocky Marciano. But for all his efforts he was still in debt. The purses had been low because no one wanted to pay to see Louis—who was the first African-American considered a national hero by both blacks and whites—beaten to a pulp. After the Marciano debacle, the fight offers dried up. Louis retired again, and this one stuck. We’re going to get back to Joe Louis at a later date, because his is one of the more interesting and inspiring stories you’ll run across. His financial troubles were not so much a failure of character as a failure to comprehend the corrupting force of money, and the need to hire not just a lawyer, a manager, and an accountant, but a lawyer to watch your lawyer, a manager to watch your manager, and especially an accountant to watch your accountant. We have some Gazette interior pages below, and you can see the other Gazette boxing covers here and here. 

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History Rewind
The headlines that mattered yesteryear.
August 29
1949—Soviet Union Joins Nuclear Club
The Soviet Union detonates a nuclear weapon at a test site in Kazakhstan. American experts are shocked and dismayed because they had thought the Soviets were still years away from having a workable bomb. The resultant fear helps trigger an arms race that would see the Americans and Soviets stockpile approximately 32,000 and 45,000 nuclear devices.
August 28
1963—King Gives Famous Speech
In the U.S., Martin Luther King, Jr., at the culmination of his march on Washington for jobs and freedom, gives his famous "I Have a Dream Speech," advocating racial harmony and equality.
1981—Scientists Announce Existence of New Disease
The National Centers for Disease Control announce a high incidence of pneumocystis and Kaposi's sarcoma in gay men. These illnesses are later recognized as symptoms of a blood-borne immune disorder, which they name AIDS. The disease is initially thought to have developed in the late 1970s among gay populations, but scientists now know it developed in the late 1800s or early 1900s in Africa during the height of European conquest of the continent.
August 27
1975—Haile Selassie I Dies
Haile Selassie I, former Emperor of the Kingdom of Ethiopia, dies of respiratory failure. Selassie was most famous for his landmark speech before the League of Nations in 1936, in which he pleaded for help against an Italian invasion, but to no avail. He warned that fascist aggression would not end with Ethiopia. His words, "It is us today; it will be you tomorrow," turn out to be prophetic when Germany's fascists later spark World War II.

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