Why Squeezing the Oligarchs Won't Work

Pro-Kremlin activist hold Russian flags near a monument to Red Army soldier as they rally in the southern Russian city of Stavropol, on March 18, 2014, to celebrate the incorporation of Crimea.

President Obama says “Russia stands alone” after its annexation of Crimea in the Ukraine. And to drive home that point, the president is trying to isolate Russian President Vladimir Putin through various sanctions against dozens of politicians and business leaders close to the Russian leader. This week on Money Talking, Rana Foroohar with Time magazine and Joe Nocera with The New York Times consider if the sanctions are going to have any effect. What would mean if Russian billionaires can't buy New York City penthouses? And Rupert Murdoch's plans for succession at Fox and News Corp; it involves his sons.