Word: creator
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Dates: during 1960-1969
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...court called this construction "a gratuitous unconstitutional reach" that might well encourage lower courts to penalize "matter produced solely for the personal enjoyment of the creator." Construing Ginzburg, the court stressed: "No constitutionally punishable conduct appears in the case of an individual who prepares material for his own use" or who "intends to purge the material of any objectionable element before distributing or exhibiting it." To hold otherwise, the court said, "would pose grave technical difficulty for the unconventional artist" and "tend to suppress experimental productions that might become, in finished form, constitutionally protected communication...
More and more lawyers are now advising clients to set up "revocable inter vivos [living] trusts," which in effect act as a conduit during a man's lifetime for the transfer of his property to his heirs. The creator of such a trust, however, retains full control of it, and as a result he escapes federal gift taxes, though not estate or income taxes on whatever the trust earns. He can change the trust as he pleases until he dies. The trust thus takes the place of a will-and all property that goes into it bypasses probate...
...A.B.A. itself sponsors a far sounder predecessor of Dacey's primer - a highly sophisticated film, written and narrated for U.S. lawyers by Harvard Law Professor A. James Casner, one of the country's top trust experts. To really beat probate, Casner stresses that the creator must "fund" a revocable living trust with as much as possible of his income-producing property before he dies-the more the better. Setting up such a trust may cost more than probate in lawyers' fees, trustees' fees and stock-transfer taxes. Even so, in many cases the trust can save...
...hero's metaphysical underpinnings have been giving way for centuries. Professor George M. Harper of the University of North Carolina points out that "the Greek and Shakespearean concept of the hero as an essentially noble man created in the image of his Creator and sharing his attributes is no longer possible." The decline began, Harper suggests, with Copernicus and Galileo, who demonstrated that the earth was not the center of the universe and that man is therefore not the center of creation. Darwin described man as a pawn of evolution, Freud as a puppet of the unconscious, Marx...
Harvard's endowment, buoyed by 275,000 shares of General Motors, grows 6 per cent to reach a value of $1,013,000,000. The Administrative Board agrees to consider whether students accused of disciplinary infractions should be allowed to testify in their own behalf. P. L. Travers, creator of Mary Poppins, arrives at Radcliffe and promises to stay "until the wind changes." Three Harvard students are knifed on Weeks Bridge. The CRIMSON makes its Fall announcement that the Graduate School of Education will build a new library...