With little more than two weeks to go until the midterm elections, it seems increasingly possible that the Democrats, already a big favorite to win control of the House of Representatives, will also take charge of the planet's most elite nursing home, the United States Senate, where the median age is 64 years old. RealClearPolitics' poll aggregator has moved control of "the world's greatest deliberative body" (as its members are grandiosely wont to call it) to "toss up," status and prediction markets are now breaking big toward a blue wave. As of this writing, Kalshi has its Senate odds at 63 percent for the Dems vs. 37 percent for the GOP; Polymarket is at 62 percent vs. 39 percent.

As gratifying as it might be to see unprincipled Trump enablers reduced to minority status after signing off on economy-wrecking tariffs, inhumane immigration detentions, and wars of choice, there's at least one good reason to dread a Democratic majority too: Sen. Elizabeth Warren, the Massachusetts progressive who is spending the run-up to the midterms freaking out over possible consolidation in the condiments business and accusing private equity firms of gutting such shopping-mall favorites as Claire's and Toys R Us. There's every reason to believe that a Senate run by Warren and other economic interventionists will waste time, money, and resources trying to prevent a world in which, per the X wag Iowahawkblog, "a panopticon conglomerate owns two brands of hot sauce."

On October 13, Warren posted this dire warning to X:

Hellmann's mayo
McCormick spices
Cholula hot sauce
Frank's RedHot

What do these products have in common? One company could soon control them all.

I have concerns that McCormick and Unilever's $45 billion merger could increase YOUR grocery prices.

— Elizabeth Warren (@SenWarren) October 13, 2026

It's hard to think of a more competitive and varied market than the one for hot sauces, which is expected to more than double over the next decade. The barriers to entry are generally low, as are the key ingredients, and new entrants can easily market and sell online, avoiding the costs of buying shelf space in conventional supermarkets. Yet Warren is urging regulators at the Department of Justice and the Federal Trade Commission to halt mergers of both product makers like McCormick and Unilever and grocery stores like Kroger and Giant Eagle.

The latter complaint is particularly picayune. Kroger is one of the country's largest supermarket chains, operating around 2,800 stores under its own name as well as Harris Teeter, Ralph's, and others. Giant Eagle operates about 170 stores. This merger is no more the stuff of nightmares than a single company producing both Cholula and Frank's RedHot. If Warren gains more clout from being in the majority, expect her to butt in more and more on such mergers.

Making it harder for businesses to adapt is not a recipe for making goods and services more affordable. But Warren is keen to blame economic creative destruction not on "new forms of industrial organization that capitalist enterprise creates" (as Joseph Schumpeter would have it), but on pure greed. In a TikTok released earlier this month, she shows a poster board with corporate logos from once-thriving companies that she says have been "gutted" by "private equity" firms.

"Here's your local mall," she piously intones. "Now, private equity wants you to believe that Red Lobster went bankrupt because of their endless shrimp….They want you to believe that Claire's went bankrupt because teens stopped shopping at the mall." In Warren's telling, private equity firms magically take over thriving businesses and then strip them bare. The typical pattern is that private equity enters the picture after a business is failing.

Virtually all accounts of the decline of, for example, Red Lobster, note that the chain had been spiraling for several reasons before the private equity firm Golden Gate Capital got involved in 2014. As this CNN article notes, the chain, which started in 1968, had seen drops in sales as customer desires changed. Management compounded the difficulties with a series of bad decisions, including continuing various all-you-can-eat menu specials, before coming out of Chapter 11 bankruptcy last year.

Similarly, it's true that some teens still go to malls and get their ears pierced at Claire's. But anyone who has spent time in retail America over the past few decades knows that malls are no longer the destination that they once were. As CapitalOne Shopping Research documents, "in 1986, there were 25,000 malls, large and small, nationwide." By 2023, that number had shrunk to just 1,200. While some malls are coming back, most are not, and for reasons that have nothing to do with private equity. Online retails plays a role (though a smaller one than usually imagined, with e-commerce accounting for less than 20 percent of all retail sales). But mostly, it's that people today tend to want a different sort of retail environment. Anchor stores—think Macy's and J.C. Penney—are shadows of themselves, and younger people have less unstructured time in which to prowl food courts and arcades.

For politicians like Elizabeth Warren, though, there can be no financial gains or losses that aren't the result of shadowy, conspiratorial forces. If her party takes control of the Senate, her words will carry more weight. But it will be American consumers that ultimately shoulder the burden of an even-more-regulated economy. The market for hot sauces will almost certainly stay spicy, but many other parts will surely suffer.

The post Be Prepared for Elizabeth Warren's Reign of Economic Error appeared first on Reason Magazine.

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A new Washington Post-ABC poll shows that Donald Trump’s approval rating has reached a new low – 33%.

This comes, just over two weeks away from the November midterms, as the president continues crisscrossing the country as part of his campaign blitz for embattled Republicans.

• Some US colleges have numerous alums who went on to prolific political careers in the Senate.
• Many of the colleges listed are Ivy League or have extremely low acceptance rates.
• Harvard University tops the list, with 13 current senators among its alums.

US senators come from all sorts of different educational backgrounds.

Some graduated from the US Naval Academy or smaller private schools, but 42 of the 100 US senators came from 10 prominent universities, according to biographies on the US Senate website.

Harvard University, the oldest college in the country and one of the hardest to get into, boasts the largest number of current senators among its alums.

The senators on this list are alums of the schools' undergraduate, graduate, doctoral, law, or medical programs, and some have graduated from multiple of the listed universities. Honorary degrees and schools a senator attended without graduating were excluded.

Here's a look at which US colleges have produced the most current senators.

Brigham Young University

Senators: Mike Crapo (R-ID), Mike Lee (R-UT), and John Curtis (R-UT).

Sen. Crapo graduated from BYU in Utah with a bachelor's degree in political science, as did Sen. Lee.

Sen. Curtis earned a bachelor's degree in business management.

Duke University

Senators: Angela Alsobrooks (D-MD), Shelley Moore Capito (R-WV), Rand Paul (R-KY).

Sen. Alsobrooks studied public policy, Sen. Moore Capito studied zoology, and Sen. Paul received a medical degree.

Princeton University

Senators: Ted Cruz (R-TX), Dave McCormick (R-PA), Jeff Merkley (D-OR).

Princeton is an Ivy League university.

Sen. Cruz earned a bachelor's degree in public policy, Sen. McCormick earned a Ph.D. in international relations, and Sen. Merkley earned a master's degree in public affairs.

Dartmouth College

Senators: Angus King (I-ME), Tina Smith (D-MN), John Hoeven (R-ND), and Kirsten Gillibrand (D-NY).

Dartmouth is the smallest Ivy League school by undergraduate enrollment.

Sen. King earned a bachelor's degree in government, Sen. Hoeven earned a bachelor's degree in economics, and Sen. Smith earned an MBA from the university's Tuck School of Business.

Sen. Gillibrand graduated with a bachelor's degree in Asian studies.

University of Chicago

Senators: Bernie Sanders (I-VT), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Pete Ricketts (R-NE), Todd Young (R-IN).

The University of Chicago's five Senate alums span the political spectrum, from independent Sen. Bernie Sanders to Republican Sen. Pete Ricketts.

Both Sen. Sanders and Sen. Kim earned a bachelor's degree in political science.

Sen. Ricketts graduated with both a bachelor's degree in biology and an MBA. Sen. Young also earned an MBA, while Sen. Klobuchar earned a law degree.

University of Virginia

Senators: Shelley Moore Capito (R-WV), John Cornyn (R-TX), John Kennedy (R-LA), Angus King (I-ME), Sheldon Whitehouse (D-RI).

Founded by Thomas Jefferson in 1819, the University of Virginia has a graduate-heavy Senate alum base: Sen. Cornyn, Sen. Kennedy, Sen. King, and Sen. Whitehouse earned law degrees there.

Sen. Moore Capito earned a master's degree in education.

Stanford University

Senators: Cory Booker (D-NJ), Josh Hawley (R-MO), Jeff Merkley (D-OR), Adam Schiff (D-CA), Tina Smith (D-MN), Ron Wyden (D-OR).

Sen. Booker, Sen. Schiff, and Sen. Smith all earned bachelor's degrees in political science. Sen. Booker also earned a master's in sociology.

Sen. Hawley earned a bachelor's in history, and Sen. Merkley earned a bachelor's in international relations.

Georgetown University

Senators: John Barrasso (R-WY), Jon Ossoff (D-GA), Dick Durbin (D-IL), Mazie Hirono (D-HI), Lisa Murkowski (R-AK), Dan Sullivan (R-AK), Chris Van Hollen (D-MD).

Georgetown University's appeal is partly due to its location in the nation's capital.

Four of its seven Senate alums earned law degrees: Sen. Durbin, Sen. Hirono, Sen. Sullivan, and Sen. Van Hollen.

Sen. Barrasso, meanwhile, earned a medical degree from Georgetown's School of Medicine.

Yale University

Senators: Michael Bennet (D-CO), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Chris Coons (D-DE), Josh Hawley (R-MO), Amy Klobuchar (D-MN), Sheldon Whitehouse (D-RI).

Five of Yale's seven Senate alums earned law degrees from the university: Sen. Bennet, Sen. Blumenthal, Sen. Booker, Sen. Coons, and Sen. Hawley. Sen. Coons also earned a master's degree in religion.

Sen. Klobuchar earned a bachelor's degree in political science, while Sen. Whitehouse earned a bachelor's degree in architecture.

The Ivy League school is in the top 5 most selective schools in the US, with an acceptance rate of 4%.

Harvard University

Senators: Richard Blumenthal (D-CT), Tom Cotton (R-AR), Ted Cruz (R-TX), John Fetterman (D-PA), Ruben Gallego (D-AZ), Tim Kaine (D-VA), Mike Crapo (R-ID), Jack Reed (D-RI), Adam Schiff (D-CA), Chuck Schumer (D-NY), Dan Sullivan (R-AK), Chris Van Hollen (D-MD), Mark Warner (D-VA).

Eight of Harvard's 13 Senate alums earned Juris Doctor degrees from the Ivy League school: Sen. Cotton, Sen. Cruz, Sen. Kaine, Sen. Crapo, Sen. Reed, Sen. Schiff, Sen. Schumer, and Sen. Warner.

Sen. Blumenthal earned a bachelor's degree in government. Sen. Fetterman and Sen. Van Hollen each earned a Master of Public Policy degree.

Sen. Gallego earned a bachelor's degree in international relations, and Sen. Sullivan earned a bachelor's degree in economics.