
To hurt Russia, the West will end up hurting itself
CNN
Punishing Vladimir Putin and Russia for their aggression against Ukraine will cost us at home. Because to hit Russia where it really hurts, we'd have to hurt everyone.
Russia is a top oil and natural gas producer, so the world is addicted to its exports. In fact, the European Union depends on Russia for more than a third of its natural gas.
That's why Germany's move to cancel the certification of the Nord Stream 2 pipeline that would deliver Russian natural gas to Germany is so dramatic. Russia's ex-president seemed to gloat about the EU's dependence Tuesday, tweeting, "Welcome to the brave new world where Europeans are very soon going to pay 2.000 euros for 1,000 cubic meters of natural gas!"

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











