JOURNALIST AND OWNER of Time, Incorporated, Henry Luce was born in Tengchow, China, of missionary parents and educated at Hotchkiss School, and Yale and Oxford universities. Luce served in the U.S. Army during the World War I, but the armistice came before he could leave for the front. After the war, he worked at various newspapers, until he and a friend founded Time magazine in 1923. During his career, he published Fortune, Life, Sports Illustrated, and the documentary series The March of Time that aired on radio and newsreels.

Luce did not believe in striving for objectivity, and as a result, the line between reporting and opinion often blurred. In keeping with his journalistic philosophy, in the late 1930s, he warned of the coming crisis in ...

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