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The kind of petty bribery once common in the former Communist Bloc, where citizens often had to pay to grease the wheels of government or get access to goods, has decreased sharply.
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Variable annuity products are exponentially more profitable to their issuers than almost any other retail investment, so lots of money (skimmed from investor accounts) is available to help make the sale and shall we say, grease the wheels.
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I've decided to grease the wheels.
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In addition, some are simply withdrawing money from banks altogether, which is perilous for the banks because they rely on deposits to be able to fund loans, credit lines and other financial products that grease the wheels of the economy and enable banks to make money.
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The Fed chief expressed empathy with the challenges of cutting government deficits while trying to promote growth, acknowledging the complex challenge facing policymakers, but renewed his push for Congress to pick up the ball and run with it after the Fed has spent three years trying to grease the wheels of recovery.
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Without money to grease them, the wheels of commerce turn slowly or not at all.
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