Visualized: Aircraft Carriers by Country

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May 11, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

Visualized: Aircraft Carriers by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Aircraft carriers are warships equipped with a full-length flight deck for carrying, deploying, and recovering aircraft. Since they allow naval forces to utilize air power without relying on local bases, they usually serve as the capital ships of a fleet.

In this graphic, we visualize the number of aircraft carriers in service by country as of May 2024.

This graphic only includes ships capable of carrying planes (excluding those designed solely for helicopters). The list is based on data from various sources.

U.S. Dominance

The U.S., with 11 aircraft carriers in total, owns 40% of the global fleet. Some of the American carriers can carry around 80 fighters. The country’s total combined deck space is over twice that of all other nations combined.

CountryIn serviceNATO Member 🇺🇸 United States11Yes 🇨🇳 China3No 🇮🇳 India2No 🇮🇹 Italy2Yes 🇯🇵 Japan2No 🇬🇧 United Kingdom2Yes 🇫🇷 France1Yes 🇷🇺 Russia1No 🇪🇸 Spain1Yes 🇹🇭 Thailand1No 🇹🇷 Turkey1Yes Total27

Along with France, the U.S. is the only nation with nuclear-powered aircraft carriers. These ships can remain at sea for as long as crew provisions last, without the need for refueling.

In 2024, China’s newest, largest, and most advanced aircraft carrier, the Fujian, started sea trials. With the addition of this ship, the country becomes second in our ranking.

Of 11 countries that have aircraft carriers in their fleets, six are NATO members.

Learn More About War Machines from Visual Capitalist

If you enjoyed this post, be sure to check out ‘Visualized: Top 15 Global Tank Fleets.’ This visualization showcases the most powerful tank fleets as of 2024.

This inflation-focused ETF may be in a sweet spot

It’s an exchange-traded fund designed to profit from higher rates.

But even if the Federal Reserve starts to cut this year, Horizon Kinetics’ James Davolos thinks his firm’s Inflation Beneficiaries ETF (INFL) is in a sweet spot. 

“We’re actually going into the mature phase of inflation,” the firm’s portfolio manager Davolos told CNBC’s “ETF Edge” this week. “I think we’re actually ideally positioned.”

Davolos expects a new world stuck with inflation between three and five percent.

“The Federal Reserve basically just admitted last week that we’re going to prioritize the economy and employment and accept these higher inflation levels,” Davolos said. “I don’t think most portfolios are properly designed for that.”

Horizon Kinetics created the Inflation Beneficiaries ETF in January 2021 as inflation started to rise after the Covid-19 pandemic quarantine. Today, Davolos sees the fund as a strategic tool to help diversify investors’ portfolios.

According to Davolos, the ETF’s goal is to cushion portfolios in a higher for longer environment by investing in companies that are considered “asset light” and “capital light.” As of April 30, FactSet shows the Inflation Beneficiaries ETF’s top holdings include Wheaton Precious Metals, PrairieSky Royalty and Viper Energy.

So far this year, the ETF has underperformed the S&P 500 by about five percent. But Davolos thinks the gains from inflation-oriented ETFs have more long-term stability than the current megacap rally.

“We’re in a new reality. People keep buying tech, not realizing we’re higher for longer, and there’s a duration aspect to those names,” Davolos said. “So, I expect this to continue reversing and reversing sharply as we get through the remainder of this year.”

As of Friday’s close, the Inflation Beneficiaries ETF is up 30% since its inception.

Disclaimer

CNBC

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

Artist Yu Shu creates sculptures of Charlie Munger.  Courtesy: Yu Shu

OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for the Berkshire Hathaway annual meeting.

The hotel, next to Berkshire-owned jewelry store Borsheims, was the preferred quarters for the investment icon, who passed away in November at the age of 99, whenever he visited his hometown and the Berkshire headquarters of his longtime partner and confidante Warren Buffett.

The sculpture, placed in the lobby accompanied by glasses of champagne and brochures, soon grabbed the attention of numerous Berkshire shareholders who walked by and also two special admirers — Munger’s own daughter Wendy and his longtime executive assistant Doerthe Obert.

“I got back to the lobby and the hotel staff was like ‘Doerthe came down twice to look for you,'” Yu Shu, the 39-year-old artist behind the sculpture, told CNBC in an interview. “Then they called Doerthe and she came down. I gave her a hug, and I told her ‘nice to see you again’ and she’s like ‘we’ve never met before.'”

Arrows pointing outwards Artist, Yu Shu poses for a photo with busts of Charlie Munger. Courtesy: Yu Shu

This was indeed not the first time Yu met Obert. The real estate agent-turned artist, herself a Berkshire a shareholder, paid an unexpected visit to Munger’s home in Los Angeles in March 2023, hoping to meet Munger and tell him about the sculpture in the works. While she was declined a meeting, she asked for close-up shots of his profile from Obert in order to fine tune the facial details.

It took a total of 12 months and a number of attempts for Yu to finish the final version of the Munger bust. A visitor to 10 Berkshire annual meetings, she said she was inspired by a piece of life advice from Warren Buffett to turn her love for art — and Berkshire — into a business.

Artist Yu Shu creates sculptures of Charlie Munger.  Courtesy: Yu Shu

“His words at the 2022 annual meeting resonated with me; ‘If you do what you love, you will never work a day in your life.’ I was like ‘how could I transform

CNBC

Household demand for Italian debt slumps

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Book Bits: 11 May 2024

● The Quiet Coup: Neoliberalism and the Looting of America
Mehrsa Baradaran
Summary via publisher (W.W. Norton)
With the nation lurching from one crisis to the next, many Americans believe that something fundamental has gone wrong. Why aren’t college graduates able to achieve financial security? Why is government completely inept in the face of natural disasters? And why do pundits tell us that the economy is strong even though the majority of Americans can barely make ends meet? In The Quiet Coup, Mehrsa Baradaran, one of our leading public intellectuals, argues that the system is in fact rigged toward the powerful, though it wasn’t the work of evil puppet masters behind the curtain. Rather, the rigging was carried out by hundreds of (mostly) law-abiding lawyers, judges, regulators, policy makers, and lobbyists. Adherents of a market-centered doctrine called neoliberalism, these individuals, over the course of decades, worked to transform the nation—and succeeded.

● What Works, What Doesn’t (and When): Case Studies in Applied Behavioral Science
Dilip Soman, editor
Summary via publisher (U. of Toronto Press)
How well do behavioral science interventions translate and scale in the real world? Consider a practitioner who is looking to create behavior change through an intervention – perhaps it involves getting people to conserve energy, increase compliance with a medication regime, reduce misinformation, or improve tax collection. The behavioral science practitioner will typically draw inspiration from a previous study or intervention to translate into their own intervention. What Works, What Doesn’t (and When) presents a collection of studies in applied behavioral research with a behind-the-scenes look at how the project actually unfolded. Using seventeen case studies of such translation and scaling projects in diverse domains such as financial decisions, health, energy conservation, development, reducing absenteeism, diversity and inclusion, and reducing fare evasion, the book outlines the processes, the potential pitfalls, as well as some prescriptions on how to enhance the success of behavioral interventions. The cases show how behavioral science research is done – from getting inspiration to adapting research into context, designing tailored interventions, and comparing and reconciling results.

● Catching Up to FTX: Lessons Learned in My Crusade Against Corruption, Fraud, and Bad Hair
Ben Armstrong
Summary via publisher (Wiley)
Celebrated YouTuber and podcaster Ben Armstrong delivers the extraordinary and compelling story of the rise and fall of FTX and its well-known founder Sam Bankman-Fried. Tracking the history of crypto exchanges from the original Mt. Gox to FTX and Binance, the author describes

Currency risk rises up the agenda for investors

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