Word: contracts
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Dates: during 2000-2009
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...should be. After years in the soccer wilderness, the famously dour 52-year-old has just signed a lucrative contract to manage the national team of Thailand, the self-styled Land of Smiles. The former Everton midfielder seems an unlikely choice. Thailand is a well-mannered country where fun comes first and losing your temper is a sign of weakness. Reid is known for high-volume, expletive-rich team talks and a habitually grim expression. At Sunderland, an English team he once managed, supporters used to sing, to the tune of the Monkees' "Daydream Believer," "Cheer up, Peter Reid ..." Land...
...World Cup finals in 2014. It is a daunting task. Reid must motivate not only talented yet underperforming young Thai players but also millions of cynical Thai fans who would much rather watch English Premier League football than their often amateurish homegrown variety. Though Reid has a four-year contract, his honeymoon period will be much shorter. "People want the Thai team to upgrade itself, and not just into an Asian powerhouse," says Tor Chittinand, soccer correspondent for the Bangkok Post. "We're aiming for the World...
...reason to be cheerful: a contract reported to be worth $1.5 million a year. While that's small compared to the nearly $9 million Fabio Capello is paid to manage England's national squad, it's very big money by Thai standards. Reid's base salary is 33 times bigger than that of his predecessor, Charnvit Polcheewin, who resigned after Thailand's failure to qualify for the 2010 World...
...November, cars sales plummeted 10% from a year earlier, according to state media. U.S.-based research firm J.D. Power predicts passenger vehicle sales will grow 8% this year, a big drop from the 24% growth in 2007. Next year will be even worse. J.D. Power forecasts sales will contract by 1% in 2009. (See the 50 worst cars of all time...
...Lotteries have the powerful incentive of providing a variable reinforcement, with big payouts sometimes and smaller ones others," says Volpp. "For the deposit contract, the idea is that people are very averse to losing money. It's good to have some skin in the game...