Word: guess
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...Banker Lovett became Assistant Secretary of War for Air, he was generally accounted an advocate of an independent, consolidated air service which would combine both Army and Navy air arms. If he still believes in a separate air force, he has kept publicly mum about it in Washington. Good guess: Secretary Lovett sticks to the principle of air independence, but doubts that now is the time to make such a change. Nevertheless, when and if the air services are reorganized, Bob Lovett may well be the first U.S. Secretary...
Engineer Gano Dunn, author of one optimistic report on the adequacy of U.S. steel capacity for war needs (TIME, March 10), gave Franklin Roosevelt his second guess last week. Nub: next year the U.S. will produce 6.4 million tons of steel less than it needs...
Gano Dunn's report did not even hazard a guess at steel needs for 1943 or later. It took the view that Britain (which had to suspend imports of finished steel for two months this spring for lack of ships) would continue to need only 381,000 tons per month from the U.S. It made no mention of another basic argument for greatly increased capacity: the progressive deterioration of older, overstrained mills...
There were many guesses as to why Generalissimo Franco had thrown his weight with the Falange. One guess was that he was jockeying with France for favor with Germany; object: French Morocco. Another was that Franco had made changes long deferred while he dickered with the U.S. for food. Best guess was that he was simply strengthening his Government, replacing conservative civilians with both Falangists and Army men. The Army appointments of last month remained. Supporting this guess was a proposal in Arriba, Falangist mouthpiece: "The Falange hails the Army today and comes forward to propose, honorably, frankly and irrevocably...
Even after allowing for his charities (including a $2,000,000 endowment for Pennsylvania's Saint Francis College) and his expensive tastes, it was still hard to figure what had happened to his fortune. Most likely guess: it disappeared in the stockmarket crashes of 1929 and 1937. Whatever the reason, Charles Schwab had left no more to his heirs than if he had kept working at the $1-a-day job in which he entered the steel business...