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we're not looking for a new cold war. and i make no apologies, and we will compete. and we'll responsibly manage that competition so that it doesn't veer into conflict. paul: let's bring in seth jones, senior vice president of the center for strategic and international studies and author of the book, "three dangerous men: russia, china, iran and the rise of irregular warfare." seth, welcome. good to the see you again. so what lessons do you draw froa balloon episode, and should americans be reassured by the way it was handled? >> paul, i brought two major lessons from the balloon inc...

Clearly, a polarized nation. paul: but news of the school did not sit well with some on campus, with the chair of the faculty saying she was flabbergastedded by the trustees' decision. and now the university is facing a potential threat to its accreditation. we're back with our panel. dan, so what do you make of this implicit threat from this accrediting body that goes by the acronym s.a.k.s., the leader of which saying we're going to send a letter to the trustees trying to get to the bottom of this and this isn't how they should be doing business? >> it's a very troubling step, because accred...