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

T-Mobile’s Dropped Call Will Cost You

What’s in the proposed AT&T/T-Mobile USA cell phone industry merger for you? Nothing. That’s nicht, for you T-Mobile subscribers. Big mergers in consumer goods and services rarely help the customers, and frankly this isn’t about you. It’s about a couple of very large telecom companies solving a particularly large strategic issue. …

Why Banks are Charging $5 for ATM Withdrawls

You may soon be paying more at the teller (Photo: Getty Images)

Earlier this year, JPMorgan Chase began to charge its customers in New York $1 if they wanted to get a printed account statement from the ATM. Thank you very much, I’ll just guess. But it turns out this may have been the opening salvo in Chase’s chase after new fees. …

GM Shuts Pickup Factory Due to Japanese Earthquake

Japan created just in time manufacturing, the method in which parts arrive at the plant just prior to the time they’ll be used. It was widely adopted by the auto industry, because it saves money and improves quality. Pre JIT, automakers would keep weeks or months of safety stock sitting in warehouses to make sure the lines kept running …

Should Budget Cuts hit Nascar?

(Photo: Brian Blanco/REUTERS)

It had to come to this eventually. The budget war has morphed into a cultural war. Rep. Betty McCollum (D-MN) wants the Army to stop spending millions of defense dollars on NASCAR sponsorships. The army shells out $7 million to rent space on the Sprint Cup car driven by Ryan Newman. McCollum says that in …

Why Google Still Needs “Adult Supervision”

In explaining his decision to pass the boss torch back to co-founder Larry Page, Google CEO Eric Schmidt tweeted that, ha-ha, “adult supervision” is no longer needed at the company that dominates internet search and advertising. And Google’s monster fourth-quarter earnings offer evidence that Schmidt is true to his tweet: profits …

Remember News Corp.’s Brilliant MySpace Buy?

Just as the valuation of Facebook crossed the $50 billion mark, its once great rival MySpace was revealing a different set of numbers: MySpace axed half its work force, some 500 jobs. MySpace’s owner, News Corp. may have had enough the social networking business. At Time’s parent, Time Warner, we know all about what happens when a …

Is Sarkozy’s Plan to Raise France’s Retirement Age Fair?

French Fighting for the Right to Retire Relatively Young (AP)

The French work force was doing what it does as well as anyone yesterday—going out on strike. Somewhere between one and three million workers (the police and the big union, CGT, disputed the totals) hit the streets to protest the plan by the government of President …

Some Retailers Will Die This Year

In the not so distant past the Great Atlantic & Pacific, the A&P, dominated retailing in the U.S. the way Walmart wished it did. A&P once had more than 13,000 stores; it set prices in the market and enforced them. God help any competitor who ran afoul of Great A&P. Now, a little divine intervention might be useful for the 21st century …

  1. 1
  2. ...
  3. 4
  4. 5
  5. 6
  6. 7