In addition, the Russian business newspaper Vedomosti states that industry sources say that China is negotiating the purchase of Sukhoi’s SU-33 carrier-based fighter from Ukraine and has sought 12 production units from Russia.

In China, the Ministry of National Defense representative, Col. Huang Xueping, made several comments on the gathering reports of a Chinese aircraft carrier

The U.S. is now facing a wide new array of weapons being marketed worldwide by Moscow and Beijing. In some cases the weapons are of Western origin. In other cases, the weapons in question are obtained from Russia and China. One such weapon sale threatens to upend the balance of power in the Middle East.

Russia stands poised to sell Iran one of the most advanced antimissile systems ever developed despite repeated denials from Moscow. Iran plans to acquire the Russian SA-20 — NATO codenamed “Gargoyle” — surface-to-air missile.

Recent events have revealed critical and glaring defects in Moscow’s military might. For example, news reports about a Russian naval squadron’s visit in Venezuela would lead one to think that the Cold War is back. That hardly is the case.

In fact, he joked that the McCain camp might call him a communist because he used to share his peanut butter sandwiches in elementary school.

If you think you are going to get a tax cut from Sen. Obama, think again. The fact is, Obama’s plan will actually increase taxes on the vast majority of Americans.

Obama promises that no one making less than $250,000 a year will see an increase in their taxes. Yet, according to The Wall Street Journal, Obama has a stealth tax — called credits — hidden in his plan.