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KRT via AP Video

With America rightly focused on the epic catastrophe in Texas, North Korea brazenly violated the sovereignty of Japan by firing a midrange ballistic missile, designed to carry a nuclear payload, over Japan and into the Pacific Ocean.

  • Investors were rattled; global stocks fell this morning.
  • White House statement this morning: "Threatening and destabilizing actions only increase the North Korean regime's isolation in the region and among all nations of the world. All options are on the table."
  • AP says the launch was "likely the longest ever from the North — over the territory of a close U.S. ally [and sending] a clear message of defiance."
  • The N.Y. Times calls it "a direct challenge to Mr. Trump."
  • CFR President Richard Haass, author of the sadly apt "A World in Disarray," tweeted that the launch "will stimulate missile defense buildup as well as intensify consideration of preventive military action."

How to think about it ... Two experts email me:

  • Richard Haass I: "The fact that NK took the provocative step of launching a missile over Japan raises the possibility that it cannot be assumed to act responsibly vis-a-vis anyone, including ourselves. Such an assumption is essential if we are to place our faith in deterrence. If we cannot make such an assumption, and if arms control fails to deliver, then a preventive strike becomes a serious option, notwithstanding its high risks and potential costs."
  • Richard Haass II: "The fact that NK keeps testing with no let-up [shows] there is little to no chance it will give up its nuclear weapons and missiles; the only question to me is whether it might agree to some sort of cap or ceiling."
  • Ian Bremmer, president and founder of Eurasia Group (in his signature style): "china knows that trump has been pushing for tariffs/trade war despite their recent improvements in cooperation on north korea ... so it's hard to see beijing taking a much harder line here."
  • Ian Bremmer II: "few believe the us has a credible military option vs north korea. but us relations with china are set to deteriorate significantly. and a blow up with north korea will help bring that about."

Go deeper:

  • "The Deterrence War" — AP's Eric Talmadge: "Conventional knowledge says that if North Korea were ever to use its nuclear weapons, it would be an act of suicide. But brace yourself for what deterrence experts call the 'theory of victory.' To many who have studied how nuclear strategies actually work, it's conceivable Pyongyang could launch its nukes and still survive. Its most recent missile test suggests again it's racing to prepare itself to do just that — but only if forced into a corner."
  • Ned Price, a National Security Council spokesman in the Obama administration, argues for Foreign Policy ("Trump's Nuclear Crisis Was Of His Own Making") that Trump's "fire and fury" threat provoked "an entirely manufactured crisis magnified by an irrational response from an American president eager to display bravado and bluster on the world stage."
  • Catch up quick with Axios' Shannon Vavra.
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Go deeper

Updated 1 hour ago - Politics & Policy

Trump sues National Archives, Jan. 6 committee to block records request

Photo: Chip Somodevilla/Getty Images

President Trump filed a lawsuit Monday seeking to block the National Archives from releasing White House records to the House select committee investigating the Jan. 6 Capitol insurrection, citing executive privilege.

Why it matters: It's the latest escalation in Trump's campaign to disrupt the committee's sweeping probe into the circumstances surrounding Jan. 6, including his actions and communications leading up to the Capitol attack.

UNC race conscious admissions process upheld by judge

Students walk through the campus of the University of North Carolina at Chapel Hill on Aug. 18, 2020 in Chapel Hill, North Carolina. Photo: Melissa Sue Gerrits/Getty Images

The University of North Carolina at Chapel Hill can continue its race conscious admissions process, a federal judge ruled on Monday.

Why it matters: The case could end up in the Supreme Court after the conservative nonprofit Students for Fair Admissions (SFFA) vowed to appeal the judge's ruling that UNC didn't discriminate against against white and Asian American applicants in its policy that it said was designed to increase diversity.

SEC debunks conspiracy theories about meme stock mania

Photo: Alessia Pierdomenico/Bloomberg via Getty Images

The SEC issued its long-awaited report on the meme stock mania, which downplayed the narrative that a "short squeeze" was the primary driver behind GameStop's historic stock moves — and shot down conspiracy theories about the event.

Why it matters: The postmortem was highly anticipated, largely because of what it could hint about what the regulator thinks should be done in wake of the saga. But the report stopped short of specific policy recommendations.