The term 'Luce Publication' refers to two magazines founded by Henry Luce in the early 20th century: LIFE and TIME. LIFE was founded in 1936 and is a photojournalism magazine that covers a wide range of topics, from politics to entertainment. TIME was founded in 1923 and is a weekly news magazine that focuses on current events and newsworthy topics. Both magazines are still published today and remain popular sources of information.