Bill Saporito

Bill Saporito is an assistant managing editor of TIME and directs the magazine's coverage of business, the economy, personal finance and sports. A Time Inc. veteran, Saporito joined TIME in 1996 as a senior editor. He directed TIME's coverage of the global financial crisis, writing and editing stories about the stock market, investing, the mortgage industry, the real estate bust, bank bailouts and the U.S. auto industry. Previously, he was a senior editor at Fortune, where he was a member of the publication's board of editors. He began his career at the New York Daily News. Saporito received a B.A. from Bucknell University and an M.A. from Syracuse University. He and his wife live in Manhattan.

Articles from Contributor

Vado a Bordo: The Case For Booking A Cruise Now

Vada a bordo. Get on board. Those now famous words—less the slangy expletive—spoken by Italian Coast Guard captain Gregorio De Falco to captain Francesco Schettino, the rat who left the sinking Costa Concordia, are good advice to everyone contemplating a cruise trip thisyear. Pack your bags and go.

If Rajat Gupta Is An Inside Trader Maybe You Are, Too

So Rajat K. Gupta, the ex boss of McKinsey & Co. and a former Goldman Sachs board member, was arrested today, and charged with being a friend of hedge fund bigshot Raj Rajaratnam. Well, that’s not how the indictment read exactly. Officially, the allegations are conspiracy to commit securities fraud, plus five counts of securities …

The Phantom Pumpkin Shortage

The horror. Halloween is under threat this year because of a paucity of pumpkins. There’ll be nothing to carve by October 31 if you don’t run to the store now to purchase your pumpkin. Your children will curse you. Vampires …

Let’s Sell Japan Our Problems

The thermostats in office buildings in Tokyo these days are set to 28° C —or a balmy 82.4°F . You walk into a building and get hit with heat—a little bit unsettling given the blast of cold air I expect in a New York City skyscraper. But in the aftermath of a tragic earthquake, tsunami, and nuclear plant meltdown that has left this …

Help, I’ve Been Downgraded by S&P

Just got word from Standard & Poors. I’ve been downgraded. So have you. The firm has blamed bickering politicians in Washington for forcing it to lower the rating on U.S. Treasury bonds to AA —U-S-A-A! U-S-A-A!— from the highest, triple A ranking, but in neighborhoods all over America, people are getting along just fine. And …

Why Congress and S&P Deserve Each Other

Having Standard & Poor’s downgrade the creditworthiness of the U.S., and warn the country about further downgrades, is a little like having the Catholic Church lecture Scout leaders on the proper behavior toward boys. The moral authority seems to be wanting. S&P, you may recall, is one of the ratings agencies (the others being Moody’s …

A New Airline Add-on Fee: That’s the Spirit!

Spirit Air, which has been leading the charge when it comes to airfare add-ons, has one upped itself. Passengers will now have to pay $5 if the airline prints out a boarding pass for them. It’s a cheeky, you-gotta-be -kidding-me move for passengers who last year got hit with a baggage fee—that is, carry on baggage. Chalk it up to …

Why We’re All Greeks This Week

The economy doesn’t suck as much today as it did yesterday, apparently. How do we know this? Initial claims for unemployment fell by 16,000 to 414,000, according to the Labor Department. That other weak spot, housing, got some good news in that housing starts rose 3.5% and building permits rose 8.7% in May vs. April. (Keep in mind …

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