Aircraft carriers are the capital ships of the modern Navy, a potent symbol of American military power.

FORBES: Despite Budget Woes, The Navy Is Unlikely To Cut Carriers

Chinese leaders see a modern navy as necessary to protecting Chinese assets and interests increasingly spread across the world.

WSJ: China Adds Aircraft Carrier to Its Navy

One is the management culture in the modern Navy and the other is the protracted life cycles of modern aircraft carriers.

FORBES: Despite Budget Woes, The Navy Is Unlikely To Cut Carriers

Once the carrier is commissioned, it will stay in the fleet for 50 years, making it by far the longest-lived class of warships in the modern Navy.

FORBES: Despite Budget Woes, The Navy Is Unlikely To Cut Carriers

China has long recognised that it needs a modern navy, capable of patrolling far from its own shores, and an air force able to defend its far-flung territorial claims.

ECONOMIST: Smaller forces, bigger punch

Best actor nominee Daniel Day Lewis easily won Best-Dressed Man in his modern fit navy tuxedo with a black silk shawl collar from Domenico Vacca.

FORBES: The Men At The 2013 Oscars Red Carpet: Who Looked Best In Their Black Tie (And Beards)

He failed the 11-plus - something which still grates even today - and attended Ellesmere Port Secondary Modern before joining the Merchant Navy, where he worked as a ship's steward during the last days of the great ocean liners.

BBC: The John Prescott story

Peter dragged a backward Russia into the modern age by exploiting Western technology--shipbuilding in particular--and creating a formidable navy, as he reformed the economy and enlarged national boundaries.

FORBES: Magazine Article