Bruce R. Bender, chief of staff to Council Speaker Peter F. Vallone, said the Council welcomed the mayor's retreat on the library and cultural institution cuts, given that the Council had merely restored the proposed cuts in years past.
Board members resigned and other art institutions cut off loans to the academy and swore off any collaboration.
"Banks and finance institutions cut back on leasing, so fewer vehicles are coming back off lease after two to three years," said Alec Gutierrez, an analyst with Kelley Blue Book.
Among marketers, carmakers and financial institutions cut back most sharply on spending, with retailers, consumer product companies and health-care advertisers actually advertising a bit more.
As the financial crisis worsened in 2008 and 2009, all but a handful of financial institutions cut their once-lucrative dividends to just pennies a share, hurting ordinary investors who had come to see them as sources of income.
Among them is SDG 16, which aims to reduce bribery and corruption, develop accountable institutions, cut the flow of illicit money and weapons, and strengthen the recovery and return of stolen assets.
Hours after President Obama signed an executive order on Friday freezing assets belonging to the Qaddafi family and other Libyan government entities, an unspecified number of American financial institutions cut off access to some $30 billion, including Libya's oil-enriched sovereign wealth funds.
The dictatorial government suspended collective bargaining, targeted repression at lower level union leaders, weakened unions, undermined labor institutions, cut down social policies, and initiated a process of trade liberalization.
In a news release, the League of Voluntary Hospitals said the hospitals' financial problems were caused by many factors, including the state's deregulation of medical institutions, cuts in Medicare and Medicaid financing and what the association called "slow, inadequate and unfair" payments by managed care companies.
