Sentence:  By the time Felix turned up it was early afternoon , which , one would think , would <WSD>be</WSD> late enough so that by then , except for small children and a few hardy souls who had not yet sobered up , it could have been expected that people would no longer be having any sort of active interest in the previous night 's noisemakers and paper hats . 
Meaning of the word marked with <WSD> tags:  have the quality of being; (copula, used with an adjective or a predicate noun)