Money Is Meant to Be Spent, Not Just Saved

At first, it seems kind of weird that a financial planner should urge you to “just spend the money,” but that’s what I like about author and Certified Financial Planner Carl Richards. He reminds us that money isn’t some vague goal you should work toward. It’s just a tool. And it’s okay to spend it!

Good for the Money: How Bob Benmosche Saved AIG From Itself

Good for the Money: How Bob Benmosche Saved AIG From Itself

Bob Benmosche was retired in Croatia when he got a call to help AIG. It wasn’t just any call. It was a call to help a company that had received unprecedented millions from the government to survive. It was a call to help a company whose employees faced death threats and a board mired in red tape. It was a nightmare. At the end of the story, though, Ben Benmosche would see to it that this company got their happy ending.

In between the first phone call Bob Benmosche received and the end was a heck of a story.

What is Good for the Money About?

“I don’t liquidate things. I build them.”
– – Bob Benmosche

Good for the Money is the story of AIG told from one of its CEOs who managed AIG in one of its most troubling times. This was the time of the “housing crisis” when ill-advised loans went into default putting the insurance company in ruins. Under normal circumstances, the US government would not have intervened but AIG’s business was critical to the economy. So, the government stepped in, serving as a lender to the company.

The chaotic environment that Bob Benmosche faced was evident if you looked at the number of CEOs before him, five in five years.

Benmosche wasn’t your ordinary CEO, though. He was a straight talker who didn’t hesitate to drop a curse word into a business conversation. Several times in the book, Benmosche told people (government officials, the board, etc.) where they could go and what they could do. He also wasn’t someone who would sugarcoat things to make you feel better.

But, Benmosche was also a person who stood up for the everyday person. He joined AIG because he believed in the company and wanted to help taxpayers get their money back. He saw in AIG an opportunity for American workers to prove they could get the job done.

He did it his way.

In what seemed like a miracle, Benmosche embarked on a journey that included plenty of air miles logged, battles with self-seeking board members, government questioning, intense media scrutiny and a struggle with personal illness on the way to achieving something that everyone thought was impossible.

Benmosche was the president of AIG for five years after working in various industries including MetLife, Arthur D. Little, and Information Science. He died of lung cancer in 2015.

Author Peter Marks is a theater critic for The Washington Post. His co-author is Valerie Hendy, an executive in AIG’s Corporate Citizenship department.

What Was Best About Good for the Money?

The best part of Good for the Money is the uncompromising, raw honesty that Benmosche brings to the book. Benmosche is frank about the situation he walked into, his approach to leadership and his own personal life. This approach provides readers with a unique look at the AIG crisis from the inside and a glimpse of business leadership under pressure. Because Benmosche is so honest, he provides access that many readers often don’t get in business biographies.

What Could Have Been Done Differently

Good for the Money is a great story about a guy who proves Washington wrong by believing in himself and his team. That being said, the book delves rather deeply into the confusing waters of finance with talk about derivatives and other complex terms. A glossary or short introduction into this world might have helped those who aren’t familiar with these subjects.

That being said, the story is so powerful that you can still understand without fully grasping the finance or insurance industry.

Why Read Good for the Money?

If you have ever wondered what it felt like to work in AIG during the infamous crisis, Good for the Moneywill provide an excellent view into that world at that time. Benmosche details a little about the history of AIG, how it grew to its massive size, and what it did to get out of the pit that it fell into.

Good for the Money is also good for any executive-level manager or business owner. The situation Benmosche faced was high pressure. Benmosche isn’t afraid to share what worked and what didn’t. This unique look at leadership under pressure can offer a lot of insights small business owners who are facing tough decisions, especially situations that involve money.


Firefox Will Try to Show You Saved Archive of a Page Instead of 404 Error

Firefox Will Try to Show You Saved Archive of a Page Instead of 404 ErrorFirefox Will Try to Show You Saved Archive of a Page Instead of 404 Error
The new add-on is called No More 404s
It replaces Error 404 with archived snapshots
The add-on is powered by Internet Archive’s Wayback Machine
After introducing a big update for its browser users, Firefox has added some new features to its Test Pilot platform. The most significant is a new add-on called No More 404s that replaces the age-old Error 404 on a missing webpage, with saved archives from the Wayback Machine.

Normally, when presented with a missing link, the browser shows the 404 error. However, Mozilla’s No More 404s add-on will give Firefox users the choice to see old Internet snapshots saved in the Internet Archive’s Wayback Machine. This is especially handy for users trying to do research or just dig up some old graves due to curiosity.

For now, this add-on is only available in Firefox’s experimental Test Pilot platform, with no details on availability for regular Firefox users. Interested users can install the test version here. Apart from this, the Test Pilot platform also introduced improved search results through the Awesome Bar, redesigned the Tabs bar to the side, and even tweaked the history feed.

At the beginning of this week, Mozilla began rolling Firefox 48 for its desktop and Android users. The update is significant on desktop because it introduces a new multi-process Firefox feature to ensure less lag and fewer crashes of the browser.
Firefox for Android saw few changes like the Synced Tabs moved to the History panel, Bookmarks and Reading Lists merged together, and also the ability to pause a video playing on the browser when the user receives a call. The update for iOS users came last month with several improvements to the search engine, a redesigned toolbar, and the ability to use less RAM and CPU for increased battery efficiency.

Share a screenshot and win Samsung smartphones worth Rs. 90,000 by participating in the #BrowseFaster contest.

Tags: Firefox, Firefox Add-ons, Firefox Test Pilot Platform, Mozilla, No More 404s


Periscope proclaims are now completely saved by default

Earlier this month, Twitter’s live-streaming app Periscope began trying out saving proclaims for more than 24 hours. for the duration of that beta segment, you had to include #store to trigger the characteristic. permanent saves are now to be had for every person through default, and also you might not need to use that hashtag to make it paintings. Likes andcomments are saved at the side of the video footage, so you will be able to gauge reactions afterwards asproperly.

if you still want those video to disappear after an afternoon, do not worry: you could nonetheless try this. you’ll need to alter the keep settings in the app, however the temporary option continues to beavailable in case you select it. the new approach for saving follows advanced search and streaming from DJI drones, all of which had been first introduced at the start of might also.