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.
December 19
1984—Britain Agrees to Cede Hong Kong
Great Britain signs over Hong Kong to China in an agreement stipulating that the colony be returned to the Chinese in 1997. Prime Minister Margaret Thatcher signs the Joint Sino-British Declaration with her Chinese counterpart Zhao Ziyang, while political groups in Hong Kong push futilely for independence.
December 18
1912—Piltdown Man Discovered
A hominid fossil known as Piltdown Man is found in England's Piltdown Gravel Pit by paleontologist Charles Dawson. The fragments are thought by many experts of the day to be the fossilized remains of a hitherto unknown form of early man, but in 1953 it is discovered to be a hoax composed of a human skeleton and an orangutan's jawbone. The identity of the Piltdown forger remains unknown, but suspects have included Dawson, Pierre Teilhard de Chardin, Arthur Conan Doyle and others.
December 17
1967—Australian Prime Minister Disappears
The Prime Minister of Australia, Harold Holt, who was best known for expanding Australia's role in the Vietnam War, disappears while swimming at Cheviot Beach near Portsea, Victoria and is presumed drowned.
1969—Project Blue Book Ends
The United States Air Force completes its study of UFOs, stating that sightings are generated as a result of a mild form of mass hysteria, and that individuals who fabricate such reports do so to perpetrate a hoax or seek publicity, or are psychopathological persons, or simply misidentify various conventional objects.
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