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Smoke billows from the Krakatou volcanic eruption in Indonesia. Photo: Nurul Hidayat/AFP via Getty Images

At least 429 people are dead and 1,400 injured after an eruption on Indonesia's Anak Krakatau volcano triggered a tsunami this weekend, causing mass devastation on the islands of Java and Sumatra, the AP reports.

The big picture: Residents have been told to stay away from the coast, as the seething volcano could still cause another tsunami. A mix of ash, steam and other materials is rising thousands of feet into the air above the crater, creating its own lightning and apocalyptic visuals in the surrounding area.

Damaged buildings in Banten, Indonesia. Photo: Dasril Roszandi/NurPhoto via Getty Images
Photo: Dasril Roszandi/NurPhoto via Getty Images
Photo: Dasril Roszandi/NurPhoto via Getty Images
Rescuers look for survivors along the coast of South Sumatra. Photo: Ferdi Awed/AFP/Getty Images

Go deeper

Journalism enters dangerous new era

Illustration: Brendan Lynch/Axios

The Capitol attack on Jan. 6 resulted in at least nine physical assaults against journalists and at least five arrests, per the U.S. Press Freedom Tracker's top editor.

Why it matters: President Trump's harsh rhetoric towards the press has empowered leaders abroad and locally in the U.S. to continue to attack press that they don't like.

Ben Geman, author of Generate
3 hours ago - Politics & Policy

The beginning of the beginning for Biden's climate push

Illustration: Annelise Capossela/Axios

Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

Dion Rabouin, author of Markets
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Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.