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Tuesday, December 9, 2025
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News

Mayor election in Kiel 2025: Runoff election necessary – election results at a glance

by Chief editor of world-today-news.com November 17, 2025
written by Chief editor of world-today-news.com

Kiel Mayor‍ Election Heads to Runoff as ‌No Candidate ‌Secures Majority

Kiel, Germany‍ – November 17, 2025 – A‌ runoff election ‍will be necessary to determine ‌Kiel’s next mayor, as initial results from today’s municipal election show no candidate​ achieving a majority. The outcome ⁣sets the stage for​ a decisive second round of voting, impacting‍ the future direction of Schleswig-holstein’s state ⁤capital and its approximately 247,000 residents.

This election is particularly meaningful as it follows the long tenure of outgoing mayor Ulf Kämpfer, who has held‌ the office since 2017. The⁤ race to succeed him has been closely watched,with several candidates vying to⁢ address key ⁣local‌ issues including urban advancement,transportation,and economic growth. The runoff, expected in the coming weeks, will pit the top two‌ vote-getters against‌ each other in a final contest for the city’s leadership.

among the candidates, Ansgar ⁣Stalder of the Basic Democratic Party of Germany (Die​ Basis) emerged as a notable contender. The 58-year-old,elected to‌ the⁣ Kiel ‌city ⁤council in May 2023,currently works in ‍real ⁢estate ​technology within the ⁣public sector.‌ Prior to ⁤this role, Stalder accumulated experience in the maritime industry, including nearly twelve years as ​operations manager for a ⁢Kiel-based towing and ferry company, ‌and previous ‍positions at various ⁣shipyards.

Detailed​ results for all ‌candidates are still being finalized and will be released by the city’s election‍ commission. Further ‍facts will be provided as it becomes available.

November 17, 2025 0 comments
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World

DIY Investing: Retirement Planning with $2.6M (No Social Security)

by Priya Shah – Business Editor November 16, 2025
written by Priya Shah – Business Editor

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‘I’m a⁢ big fan of DIY investing’: 64-Year-Old ‌Plans U.S.‌ Move ⁢with $2.6 Million, No Social Security

Table of Contents

  • ‘I’m a⁢ big fan of DIY investing’: 64-Year-Old ‌Plans U.S.‌ Move ⁢with $2.6 Million, No Social Security
    • DIY Investing Trends & ‍Context
    • Frequently Asked ‍Questions

A sixty-four-year-old investor is preparing to ⁣move to the United States with a substantial portfolio of $2.6 million, but faces a unique‌ challenge: a complete lack of Social ​Security benefits. This individual, a proponent of DIY investing, is carefully considering whether their self-directed approach will be sufficient to secure their financial future in a new country.

The investor’s situation highlights a growing trend of individuals taking greater control of their financial planning. While financial advisors ⁢often⁣ thrive in bullish markets, their performance can falter during downturns. Interestingly, some investors, like this one, find they frequently enough perform better than the ⁣S&P 500⁣ during challenging economic times. As Quentin Fottrell ‌notes, Advisers do well‌ in bull markets and poorly ‍in bear markets, while I generally​ do better during downturns than the S&P 500.” (fottrell,2025).

The absence of Social Security necessitates a particularly robust investment strategy. ​Without this safety net, the investor must rely entirely on their savings and investment returns to cover living expenses, healthcare costs, and potential ‌long-term care needs. A diversified portfolio, coupled with a conservative ⁣withdrawal rate, will be crucial‍ for long-term sustainability.

Did You Know? …

The average retirement age in‍ the U.S. is⁢ 62, but many continue ‌working or ⁤rely on Social Security and pensions. This investor’s situation is less common due ‌to the lack of Social Security income.

the decision to pursue a DIY investment approach carries both potential benefits and risks. Lower fees and‍ greater control are advantages, but it also requires significant time, knowledge,​ and discipline.⁤ Careful consideration of asset ⁢allocation, risk ⁣tolerance, and tax implications is essential.

Pro Tip: …

Consider consulting with a fee-only financial planner for ⁤a one-time review of your investment strategy, even if you prefer a DIY approach.

MetricValue
age64
Portfolio Size$2.6 ​million
Social SecurityNone
Investment StyleDIY
Relocation DestinationU.S.

“Financial independence is less about specific numbers and more about having options.” – Vicki Robin, *Your Money or Your ‍Life*

Successfully navigating this⁢ transition will require diligent planning and a realistic assessment of financial needs. the investor’s ability to adapt to changing market conditions‍ and maintain a long-term perspective will be key to achieving financial security.

DIY Investing Trends & ‍Context

The rise of DIY investing platforms, like Vanguard and Fidelity, has empowered individuals to manage their own portfolios. This trend ‍is driven by lower‍ fees, increased ‍access to details, and a desire for greater control.However,successful DIY investing requires a commitment to ongoing learning and a disciplined approach. The long-term impact of foregoing Social Security benefits is a significant consideration for anyone planning⁢ a similar move.

Frequently Asked ‍Questions

  • What is DIY investing? Managing your‍ own investments without the help of a financial advisor.
  • Is $2.6 million enough to retire on? It depends on lifestyle, expenses, and investment returns; careful planning is crucial.
  • What are the risks of DIY investing? Potential ​for poor investment decisions, lack of diversification, and‌ emotional trading.
  • How does the lack of Social Security impact
November 16, 2025 0 comments
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News

Pension Reform: Merz Pushes Forward Despite Union Concerns

by Chief editor of world-today-news.com November 16, 2025
written by Chief editor of world-today-news.com

Pension Dispute: Friedrich Merz Defends Pension⁢ Reform Draft Bill Amidst Internal Party Opposition

Berlin, Germany – November 16, 2025 – Christian Democratic Union (CDU) leader Friedrich Merz is standing firm on his​ proposed draft bill for pension reform,​ despite growing dissent within his own party, especially from teh Young Union (Junge Union). Merz addressed the Junge Union’s Deutschlandtag today, warning ‌against ⁣a “race to the bottom” in pension policy and reiterating the ⁢necessity of his‌ plan to secure the long-term stability of ⁢Germany’s retirement system.

The escalating dispute centers on the future of Germany’s statutory retirement age and contribution rates. Merz’s draft bill aims‌ to address the demographic challenges facing ‍the pension system – a shrinking ⁢workforce supporting ⁤a growing ​number of ⁤retirees – thru a combination of measures, including a gradual increase in the entry age and potential adjustments to ​contribution levels. This ‌approach has sparked criticism from ⁤the Junge Union, who fear it ⁤could disproportionately impact younger generations entering the⁣ workforce. ⁣The debate underscores a basic tension within the CDU regarding the ⁣balance between fiscal duty and ⁤social equity.

At the Deutschlandtag, Merz cautioned the Junge Union against engaging in an “undercutting competition” regarding pension proposals, signaling his determination to push forward with his plan. He emphasized the urgency of addressing the pension system’s financial vulnerabilities, warning that inaction would⁤ jeopardize the future of Germany’s social security net. ⁢

Recent reporting by Zeit Online highlights the internal divisions,with articles detailing the ⁣contentious debate surrounding the proposed reforms. One⁤ article, published November 16, 2025, focuses on the broader “pension dispute,” while another, also from ⁢ Zeit Online on the⁣ same ⁣date, frames ⁢the disagreement as a challenge to Merz’s leadership, ⁤with the headline “Not like that, friends!” ⁤the articles indicate that the Junge Union ​is advocating for alternative solutions that prioritize affordability for younger workers, possibly through‌ different mechanisms for revenue generation or benefit adjustments.

November 16, 2025 0 comments
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World

Ukraine war in the live ticker: +++ 11:08 Russia attacks Ukraine from the air – dozens of impacts +++

by Lucas Fernandez – World Editor November 16, 2025
written by Lucas Fernandez – World Editor

Ukraine⁣ War Live Updates:

+++ 23:31 Estonia Allocates €3.5 Million for Starlink‌ Systems to Ukraine +++

Estonia is providing Ukraine with €3.5 million ​for Starlink systems, funded through the ​Ukraine Aid Package 2025 and facilitated by the Estonian-Luxembourg-led‍ IT Coalition. Defense Minister Hanno Pevkur ⁢emphasized the support’s importance for battlefield communications, notably with Ukraine’s planned expansion of‌ drone formations. Estonia has ⁣already committed ​approximately 0.3% of its GDP to military assistance, defense‌ force training, and ⁤IT support ‍for Ukraine in 2025.

+++ 21:52 Orbán: Russian defeat Could Escalate Nuclear Risk⁤ +++

Hungarian ⁣Prime minister Viktor Orbán dismissed fears of a Russian attack on ​the EU and NATO, stating Russia “is not strong enough” to succeed in such an endeavor,‌ citing its struggles in fully occupying Ukraine. However, Orbán cautioned that a Russian military defeat in Ukraine would considerably increase the risk of nuclear conflict, stating, “If a nuclear power loses a conventional war, then I‌ am absolutely certain (…) then the nuclear risk is ‍instantly on ⁣the table.”

+++ 20:58 Ukraine Claims Destruction of Russian S-400 systems ​and Radars +++

the Ukrainian ​Security Service (SBU) ⁣reports that ​four S-400 rocket launchers and two radars were destroyed in drone strikes targeting port and oil facilities in Russia’s Novorossiysk. Satellite imagery,published by The​ Kyiv Independent,purportedly shows ⁤four destroyed​ launch pads of the S-400 anti-aircraft missile system at the military⁤ base.

+++ 11:08 Russia Attacks Ukraine from the Air‌ – Dozens of Impacts +++

A​ woman who worked to preserve the⁣ memory ⁢of the​ chernobyl​ disaster victims died after a Russian attack. With her death, the death toll from the attack rose⁣ to seven, and at ‌least 36 others were injured.

November 16, 2025 0 comments
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News

Federal President Steinmeier Praises Italian Immigration in Germany

by Chief editor of world-today-news.com November 16, 2025
written by Chief editor of world-today-news.com

BERLIN – Federal President Frank-Walter steinmeier lauded the contributions ⁣of Italian immigrants to ⁤Germany as a “success story” on Sunday, marking Remembrance​ day with a focus on ⁤German-Italian friendship alongside⁢ Italian President Sergio Mattarella. The commemoration included⁤ a wreath-laying ceremony at the‌ Central Memorial of the Federal Republic for the victims of war ⁣and tyranny in Berlin, followed by a joint address to the Bundestag.

This year’s Remembrance Day, traditionally held 14 ⁤days before the first Advent, specifically honors the enduring bond between Germany and Italy. Steinmeier‘s‌ remarks⁤ come as Germany grapples with ongoing debates surrounding ⁤immigration and integration, highlighting the positive impact​ of ​past migration flows. The event also ‍broadened the scope of remembrance to include victims of Nazi persecution based on gender and‍ sexual identity, ⁣as well as police officers killed in the​ line​ of​ duty.

The presidents laid wreaths honoring victims of war and‌ tyranny. Mattarella delivered the commemorative⁣ speech in the Bundestag, a ‍gesture reflecting the day’s theme of ⁣Italian-German friendship. Steinmeier‌ then addressed the commemoration of the dead,a tradition dating back to 1952.

Remembrance Day honors those lost in world wars, under Nazi rule, and in⁤ contemporary conflicts and acts of violence within Germany. This year’s expanded remembrance acknowledges previously marginalized groups impacted by Nazi persecution and honors the sacrifices ⁤of ‍law enforcement.

November 16, 2025 0 comments
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World

“Russians haven’t been able to do it for three years”: Orban dismisses concerns about Russian attacks on NATO territory as “ridiculous”.

by Lucas Fernandez – World Editor November 16, 2025
written by Lucas Fernandez – World Editor

Orban Declares Fears of ​Russian Attack on NATO “Ridiculous,” Praises ⁢Merkel’s Approach

Hungarian Prime Minister Viktor Orban has dismissed concerns ⁣about a potential Russian⁢ attack on the⁣ European⁣ Union or NATO as “ridiculous,” asserting that ‌the EU possesses substantially greater military strength. “With all due respect, I think it‌ is indeed ridiculous⁣ to say that Russia will attack the ⁢EU⁣ or NATO simply as it is not strong ⁤enough,” Orban stated in an interview⁤ with Axel​ Springer CEO Mathias‌ Döpfner’s “MD⁣ meets” podcast. He highlighted the EU’s population of 400 million compared to Russia’s​ approximately 140 million, and emphasized the larger​ military capacities of the ​27 EU member states. “The Russians have failed to ⁣fully occupy Ukraine for more than⁤ three years.How can we in Europe claim‌ that we are weaker than ​Russia?”

Orban also cautioned against a Russian military defeat in​ Ukraine,‍ warning ⁤that such an outcome could raise the risk of nuclear escalation. “If a nuclear power loses a ⁤conventional war, then I am absolutely certain (…) then the nuclear risk is immediately on the table,” he said.

The Hungarian ​leader criticized German Chancellor Friedrich Merz, claiming he is “for​ war,” while contrasting his⁣ stance with that of‌ former Chancellor Angela ‌Merkel. Orban described instances where he and Merkel were the sole voices advocating for peace and cooperation within‍ the European Council, despite disagreements on​ other​ issues. “She sometimes even shouted at me -‍ and that wasn’t good – more often than my wife,” Orban remarked.

November 16, 2025 0 comments
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