Mr. Bol said that in fall 2008 he was forced out of Global Scholarship Alliance by investors he had invited into the company, who told him, "We need to cut back on resources, and you're the resource we're cutting back on". He was mulling new business ideas, including a hospital in Sri Lanka, when he built the first Little Free Library.
"We could cut back a day or two, go in Saturday, go back Sunday, but then we are cutting back on the people at the motels.
We're cutting back on the nonessentials across the board.
We've delayed raises, we're cutting back on travel and entertainment, cutting back on consulting.
"Sorry, boys, but we're cutting back on bean counters till we have more beans".
J Errico, the fashion director at Nylon, also suggested that "times are tough, so we're cutting back on the big hair and makeup".
"We're not banning prostitution, but we are cutting back on the whole circuit: the gambling halls, the pimps, the money laundering".
"If the great arts organizations of the world — and I think perhaps the Met is the greatest — start cutting back, we're cutting back on cultural heritage in this country," she said.
"We're definitely not taking on any new advertising, and we're cutting back on all our current advertising," a Graff spokeswoman said.
The money was earmarked for a number of things and we have had to freeze budgets and we are cutting back on some of our activities".
"We are cutting back on incubator space for the short term but we are not giving up on the longer-term goal of developing a biotech industry," he said.
