Defiance

Why Trump’s control of the Republican Party is bad for democracy

Retrieved on: 
Tuesday, January 30, 2024

The reason has less to do with Trump and his ambitions than with how power dynamics have shifted within the Republican Party.

Key Points: 
  • The reason has less to do with Trump and his ambitions than with how power dynamics have shifted within the Republican Party.
  • And typical parties tend to select leaders who rise up the ranks of the party, having worked with other party elites along the way.
  • There are three reasons personalist parties are harmful to democracy, all of which have clear parallels to experiences with Trump and the Republican Party.

1. Loyalty to the person, not the party

  • A classic indicator of party personalization is the ouster of politically experienced people in the party elite, who are often highly qualified and more independent of the leader – and their replacement with less experienced people who are personally loyal to the leader.
  • These people are more likely to view their political success as being intertwined with that of the leader rather than the party.

2. Official endorsement of leader’s actions

  • In personalist parties, elites endorse the leader’s actions, cueing voters to do the same.
  • Ordinary citizens who support personalist parties often go along with leaders’ efforts to dismantle democracy, even if they care about democracy, because they are highly receptive to signals provided by the party elite.

3. Polarizing society with controversy

  • While many kinds of leaders demonize their political opponents, we have found that personalist party leaders’ anti-democratic behaviors – such as attempting to overturn an election they’ve lost – split society into polarized factions: those who support them and everyone else.
  • Former President Hugo Chavez’s power grabs splintered Venezuelan society, dividing citizens over what the rules of the game should be and who should have access to power.
  • Chavez’s actions, which faced no resistance from those in his party, polarized society, ultimately pushing the country toward dictatorship.

The GOP is a personalist party

  • Since 2016, Trump has increasingly sidelined the traditional party establishment to remake the party into an instrument to further his own personal, political and financial interests.
  • Traditional parties, including the pre-Trump Republican Party, offer voters a bundle of policy positions hashed out among multiple elite factions of the party.
  • Trump’s supersized control over the Republican Party has transformed other leading party figures into sycophants, always seeking Trump’s favor.

No resistance to a Trump power grab

  • All signs indicate that Trump, if reelected, is likely to pursue an authoritarian power grab by, for example, purging professional bureaucrats, expanding the Supreme Court or using the Insurrection Act to deploy the military against protesters.
  • Party members may even support him in that power grab.
  • Most elected leaders are ambitious and, like Trump, seek to gain and hold onto power for as long as they can.
  • In those circumstances, there is little that stands in the way of a grab for power.
  • My organization, CNAS receives funding from multiple sources, including funding that supported this research from a foundation called Luminate.
  • Joseph Wright received funding from the Luminate Foundation; Charles Koch Foundation; McCourtney Institute for Democracy; and the Minerva Research Initiative.

$QTUM, Defiance’s Quantum Computing ETF, Surpasses $200 Million in Assets

Retrieved on: 
Tuesday, January 23, 2024

Defiance ETFs, a leading ETF sponsor dedicated to income and thematic investing, is delighted to announce that the Quantum Computing ETF (QTUM) has surpassed $200M in Assets Under Management (AUM).

Key Points: 
  • Defiance ETFs, a leading ETF sponsor dedicated to income and thematic investing, is delighted to announce that the Quantum Computing ETF (QTUM) has surpassed $200M in Assets Under Management (AUM).
  • View the full release here: https://www.businesswire.com/news/home/20240123405694/en/
    Quantum computing, a revolutionary technology poised to redefine computing and data processing, is experiencing rapid growth.
  • Considered by experts as the next frontier in technological breakthroughs, quantum computing encompasses the tools necessary for high speed data processing and storage.
  • From mega corporations to private companies, awareness for the importance of quantum computing continues to grow in an effort to enhance risk management, cybersecurity, materials science, energy, and logistics.

MarketVector Indexes Licenses the MCM-BlueStar® Israel Bonds Index to Defiance for the first-ever Israel Bond ETF (CHAI)

Retrieved on: 
Wednesday, December 13, 2023

MarketVector IndexesTM (“MarketVector”) announces the licensing of the MCM-BlueStar® Israel Bonds Index (MBILB) to Defiance ETFs .

Key Points: 
  • MarketVector IndexesTM (“MarketVector”) announces the licensing of the MCM-BlueStar® Israel Bonds Index (MBILB) to Defiance ETFs .
  • The firm today launched the Defiance Israel Bond ETF (NYSE Ticker: CHAI), a first-of-its-kind fund that invests in Israeli government and corporate bonds, offering diversified exposure to the Israeli fixed-income market.
  • The CHAI ETF will track the MCM-BlueStar® Israel Bonds Index.
  • “We are proud to partner with Defiance to support the launch of their innovative and pioneering Israel Bond ETF,” said Steven Schoenfeld, CEO of MarketVector.

CHAI, the First Israel Bond ETF, Launches Today on the New York Stock Exchange (NYSE)

Retrieved on: 
Wednesday, December 13, 2023

The goal of the Israel Bond ETF is to provide liquid access to Israel government and corporate bonds.

Key Points: 
  • The goal of the Israel Bond ETF is to provide liquid access to Israel government and corporate bonds.
  • CHAI, the Defiance Israel Bond ETF , will track the MCM (Migdal Capital Markets) BlueStar Israel Bond Index.
  • The Defiance Israel Bond ETF (the “Fund” or the “Israel Bond ETF”) seeks to track the total return performance, before fees and expenses, of the BlueStar® USD Israel Bonds Index (the “Index”).
  • The BlueStar® USD Israel Bonds Index is predominantly composed of investment grade, U.S. dollar (“USD”)-denominated Israel Bonds.

** Defiance Launches $IWMY, the Only ETF to Utilize Daily Options on the Russell 2000 for Enhanced Income. Paid Monthly1.

Retrieved on: 
Tuesday, October 31, 2023

IWMY, an actively managed put-write ETF, harnesses the power of daily options to help augment income, distributed on a monthly basis1, on the Russell 2000 index.

Key Points: 
  • IWMY, an actively managed put-write ETF, harnesses the power of daily options to help augment income, distributed on a monthly basis1, on the Russell 2000 index.
  • View the full release here: https://www.businesswire.com/news/home/20231030834359/en/
    Defiance Launches $IWMY, the Only ETF to Utilize Daily Options on the Russell 2000 for Enhanced Income.
  • Daily Options: IWMY utilizes daily options to help maximize income potential, providing investors with the potential to enhance their income stream.
  • Russell 2000 Focus: IWMY's strategy centers on the Russell 2000, one of the most recognized and widely followed indices in the financial world.

Defiance ETFs Announces Monthly Distributions on $QQQY (65.78%) and $JEPY (59.21%)

Retrieved on: 
Tuesday, October 31, 2023

Defiance ETFs, a leader in thematic and income ETFs, is proud to announce monthly distributions for QQQY - Defiance Nasdaq-100 Enhanced Options Income ETF and JEPY - Defiance S&P 500 Enhanced Options Income ETF .

Key Points: 
  • Defiance ETFs, a leader in thematic and income ETFs, is proud to announce monthly distributions for QQQY - Defiance Nasdaq-100 Enhanced Options Income ETF and JEPY - Defiance S&P 500 Enhanced Options Income ETF .
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20231030153060/en/
    Defiance ETFs Announces Monthly Distributions on $QQQY (65.78%) and $JEPY (59.21%) (Graphic: Business Wire)

Defiance's Suite of Daily Options (0DTE) Income ETFs, $QQQY & $JEPY, Surpass $100M AUM in less than 30 Days

Retrieved on: 
Friday, October 13, 2023

"The rapid success of JEPY and QQQY underscores the growing demand for income strategies that harness the power of daily options trading."

Key Points: 
  • "The rapid success of JEPY and QQQY underscores the growing demand for income strategies that harness the power of daily options trading."
  • About Us: Defiance ETFs, founded in 2018, has emerged as a leading ETF issuer dedicated to income and thematic investing.
  • The firm's actively managed options ETFs are designed to potentially enhance income for investors, with distributions paid on a monthly basis.
  • 1 QQQY and JEPY have not been out for 30 days at the time of this press release.

Aethon Books teams with VoyceMe to adapt Six Webcomics!

Retrieved on: 
Thursday, October 5, 2023

Aethon Books is thrilled to announce our partnership with VoyceMe to adapt six of our series into webcomics, with plans to begin releasing episodes in 2024.

Key Points: 
  • Aethon Books is thrilled to announce our partnership with VoyceMe to adapt six of our series into webcomics, with plans to begin releasing episodes in 2024.
  • VoyceMe is the first social creator platform for manga, webtoons, and webnovels.
  • They’re a fresh new player in the world of webcomics behind hits such as God Game and The Mad Gate.
  • Knights Apocalyptica, by Zach Skye – A Progression Fantasy series where the Earth met its end and monsters spilled out.

Defiance ETFs Announces Monthly Distributions on $QQQY (67.55%) and $JEPY (55.17%)

Retrieved on: 
Friday, September 29, 2023

Defiance ETFs, a leader in thematic and income ETFs, is proud to announce the first monthly distributions for the QQQY -Defiance Nasdaq-100 Enhanced Option Income ETF and JEPY - Defiance S&P 500 Enhanced Option Income ETF .

Key Points: 
  • Defiance ETFs, a leader in thematic and income ETFs, is proud to announce the first monthly distributions for the QQQY -Defiance Nasdaq-100 Enhanced Option Income ETF and JEPY - Defiance S&P 500 Enhanced Option Income ETF .
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230928659904/en/
    Defiance ETFs Announces Monthly Distributions on $QQQY (67.55%) and $JEPY (55.17%) (Graphic: Business Wire)

Defiance Launches $JEPY, the Only ETF to Utilize Daily Options (0DTE) on the S&P 500 for Enhanced Income, Paid Monthly.

Retrieved on: 
Tuesday, September 19, 2023

Defiance ETFs, a pioneer in thematic and income ETFs, proudly introduces JEPY, the Defiance S&P 500 Enhanced Option Income ETF.

Key Points: 
  • Defiance ETFs, a pioneer in thematic and income ETFs, proudly introduces JEPY, the Defiance S&P 500 Enhanced Option Income ETF.
  • JEPY , an actively managed put-write ETF, harnesses the power of daily options (0DTE) to augment income, distributed on a monthly basis, on the S&P 500 index.
  • (Graphic: Business Wire)
    "JEPY has the potential to reshape S&P 500 options income strategies within the ETF landscape, offering investors a new paradigm for income generation."
  • Daily Options (0DTE): JEPY utilizes daily options to maximize income potential, providing investors with the potential to enhance their income stream.