I tripped on to this SEC Edgar Document today while I was checking out the recent Bain Capital/Contec bankruptcy filing.
Who could have guessed just how expensive Romney's Bain Capital BRIGHT HORIZONS infant/child care services are? Who can afford these prices?
Meanwhile, Ryan hopes to drown Head Start in a bath tub.
Romney loves Paul Ryan's budget which plans to practically destroy Head Start.
Romney/Ryan Budget will cut $430,000,000 in funding, unenroll 61,612 children, and lay off 22,640 in 2013. It's much worse for 2014. In 2014, Romney/Ryan propose to cut $1,514,000,000! Unenroll 191,072 children and layoff another 79,720 Head Start employees.
The GOP has been trying to paint Head Start with the same brush they used to discredit ACORN. The fetus loving party seems to care much less about the same fetus after it is born unless there are profits to be made, but we already know this.
I question what is up the GOP sleeve. Most thinking people know the GOP want to privatize everything. What does Bain know about the future of Head Start that Bain would aggressively embark to install day care, nursery schools, and child services through high school via Bright Horizons across America? Is it just a coincidence that Head Start is on the chopping block if the GOP get their way?
Office of Head Start (OHS), is one of the largest federal early childhood programs. It gives grants to local organizations to provide preschool education and other services to low-income children and their families.
In fiscal year 2010, the Congress appropriated $7.2 billion to serve approximately 900,000 children through approximately 1,600 Head Start grantees nationwide.
Head Start operates at a little less than $700 per month per child, if I did the math properly.
Heartless, thy name is Romney/Ryan/Republican!
No conflict of interest here:
Here's pic of Ryan's proposed Head Start cuts for 2013 and 2014
Meanwhile, over at Bain Capital, the childcare money tree, Bright Horizons is heavy with dreams of dollars dappling in the wind.
Tuition depends upon the age of the child, the teacher-child ratio, the geographic location and the extent to which an employer sponsor subsidizes tuition. Based on a representative sample of the Company’s early care and education centers, the average tuition rate in the United States was $1,400 per month for infants, $1,300 per month for toddlers, and $1,050 per month for preschoolers. Tuition at most of our early care and education centers is payable in advance and is due either monthly or weekly. In some cases, parents can pay tuition through payroll deductions or through automated clearing house (“ACH”) withdrawals.
You see, it's quite clear. Although in Mitt's family, Ann's "stay-at-home momming was the hardest and most important job", in Mitt's jaundiced corporate heart view, all mommies will work or they and their children can starve.
For a really sick and depraved sense of how the "Kids Commodity" is discussed in the Bain Capital SEC filing, do take a moment and read through this document.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K (2007)
Commission File Number: 0-24699 BRIGHT HORIZONS FAMILY SOLUTIONS, INC.
Here's some snippets:
Work-site early care and education centers allow parents to spend more time with their children, both while commuting and during the workday, and to participate in and monitor their child’s ongoing care and education.
Bright Horizons’ sales force, as well as senior management, actively pursues potential new employer sponsors.
Assuming the management of existing centers enables Bright Horizons to develop new client relationships with little start-up investment.
The Company seeks to leverage existing centers by utilizing existing capacity to offer clients the ability to purchase back-up care, which serves the employees of the client when their primary child care options are unavailable. The Company also offers memberships to BUCA, which allows clients to offer employees access to a variety of back-up services on a national level
Again, we are talking about infants, toddlers, and school age children all the way through high school, not widgets and livestock.
If you read the entire document, which includes discussion of Bain's European market, I think you will agree it is jaw droppingly cold. If George Soros bought up and aggressively expanded Bright Horizons, we would be hearing SOCIALIST TAKEOVER 24/7 via Fox and Rush. Btw, Bain bought up other day care chains, too.
Is it possible that, in Bain's and the GOP's imagination, future day care/schools will be attached to the factories of tomorrow? That kids and parents can look forward their bi-daily, quality time commutes to and from work/school? I'm not sure either Orwell or Huxley envisioned this clever fix to keep the hoi palloi, the great unwashed anxiously engaged.
If you want to get in on the ground floor of this Worker Bee Fix, perhaps you might want to call your broker and pick up a few shares, especially if you have or are planning to have children. If the stocks go up, you can use some of your about-to-be non-taxable capital gains to pay the $16,800 annual tuition for your infant. Oh, never mind. Bain paid a huge premium to take the stocks off the market.
Seriously? How does this pass Anti-Trust laws?
Viva Capitalism.
Am I the only one that understands what is happening in America and potentially globally?
Do you all understand what firms like Bain Capital and AMERICAN CAPITAL STRATEGIES, LTD., (the other takeover company that bought out Contec before Bain Capital did) are up to?
Romney/Ryan, the GOP, and the Libertarians scream FREEDOM from sun up to sun down. FREEDOM for the "little guy" to start a business yaddy yaddy yadda. They lie!
Here is the list of Bain's Day Care subsidiaries listed on the SEC doc above. Bain seems intent on cornering an ample share of the KID market:
Access Management, Inc. (a Michigan corporation)
Allmont Ltd. (an Ireland corporation)
Beehive Day Nurseries, Ltd. (a United Kingdom corporation)
BHFS One Limited (a United Kingdom corporation)
BHFS Two Limited (a United Kingdom corporation)
BHFS Three Limited (an Ireland corporation)
Bright Horizons, Inc. (a Delaware corporation)
Bright Horizons Children’s Centers, Inc. (a Delaware corporation)
Bright Horizons Corporation (a Puerto Rico corporation)
Bright Horizons Family Solutions, Ltd. (a Canada corporation)
Bright Horizons Family Solutions, Ltd. (a United Kingdom corporation)
Bright Horizons Family Solutions Ireland, Ltd. (an Ireland corporation)
Bright Horizons Limited Partnership (a Massachusetts partnership)
Bright Horizons Livingston, Ltd. (a United Kingdom corporation)
Bright Horizons Support Services, Ltd. (a United Kingdom corporation)
Child & Co. (Oxford), Ltd. (a United Kingdom corporation)
ChildrenFirst, Inc. (a Massachusetts corporation)
ChildrenFirst, Ltd. (a Canadian corporation)
CorporateFamily SB, Inc. Corporation (a Connecticut Tennessee corporation)
CorporateFamily Solutions, Inc. (a Tennessee corporation)
Creative Movement and Art Center, Inc. (a Massachusetts corporation)
Crocus Early Years Centre Ltd. (a United Kingdom corporation)
Daisies Day Nurseries, Ltd. (a United Kingdom corporation)
Elsie Inglis Red Apple Nursery, Ltd. (a United Kingdom(a Scotland corporation)
Enchanted Forest Day Care, Inc. (a Connecticut corporation)
GreenTree ChildcareChild Care Services, Inc. (a Delaware corporation)
Kidstop at Boynton Beach, Inc. (a Florida corporation)
LakeShore Preparatory School, Inc. (an IllinoisLipton Corporate Child Care Centers, Inc. (a
Delaware corporation)
Lipton Corporate Child Care Centers (JC), Inc. (a Delaware corporation)
Lipton Corporate Child Care Centers (Park Ave.), Inc. (a New York corporation)
Lipton Corporate Child Care Centers (Reston), Inc. (a Delaware corporation)
Lipton Corporate Child Care Centers (Metropolitan Square), Inc. (a District of Columbia
corporation)
Lipton Corporate Childcare, Inc. (New York) (a Delaware corporation)
Lipton Corporate Child Care Centers (WP), Inc. (a Delaware corporation)
Lipton Corporate Child Care Centers (Tysons Corner), Inc. (a Virginia corporation)
Lipton Corporate Child Care Centers (Morris County), Inc. (a Delaware corporation)
Lipton Corporate Child Care Centers (Oakwood at the Windsor), Inc. (a Pennsylvania corporation)
Nurseryworks, Ltd. (a United Kingdom corporation)
Nurseryworks Associates, Ltd. (a United Kingdom corporation)
OxfordPitco 004, Ltd. (a United Kingdom corporation)
Resources in Active Learning, Inc. (a California corporation)
Rutland Red Apple Nursery, Ltd. (a United Kingdom corporation)
Staffquest, Ltd. (a United Kingdom corporation)
The Birrell Collection, Ltd. (a United Kingdom corporation)
Daisies Day Nurseries Ltd. (a United Kingom corporation)
Beehive Day Nurseries Ltd. (a United KingomScotland corporation)
Meanwhile, legislatively unemcumbered SHARKS like Bain, American Capital, Cerebrus, to name but a few, working in cahoots with Congress, Justice, SCOTUS, Wachovia, Goldman Sachs, CitiGroup, Deutche, and ALEC are funding and launching specific market behemoths like Bright Horizons, Home Depot, Staples, restaurant chains, etc.
It is becoming completely impossible for the LITTLE GUY to launch a successful, local small business. And what's even worse, with Right to Work laws, is it now nearly impossible to ever work for a living wage again.
I know lawyers earning $150,000 a year who worry day in and day out about their futures. How sick does our country have to become before we all stop cooperating?
ANTI-TRUST: I don't remember reading an obituary announcing that Anti-Trust died but it has.
With the death of Anti-Trust and the only remaining freedom, the freedom for Money to flow through the chosen like Mitt Romney, the majority of all peoples will face lives of hopeless medocrity at best, and endless sorrow at worst. All countries are headed for 3rd world status. Do the digging. Bain and this ilk are buying up health care in India and other countries as we speak.
In short order, a semblence of success will flow through the kiss ass sycophants and the faceless well-educated, advanced degree bureaucrats that have no conscience beyond their selfish pursuit to feather their own nests. They will justify their callous success with "What? Am I to let my family suffer for morality reasons?" Very Ayn Rand of them.
College grad working couples will be used and wrung out in so-called management positions where they are required to work 60, 70, 80+ hours a week for a meager salary with no over-time pay. Vacation? Please. If they can get along without you for two weeks, they will, so don't ask.
I already know of a few young couples whose health is being destroyed in these positions working as "managers" at the likes of Wendy's, a law firm chain, and/or services chain. Managers? Slaves is what they are.
Do you think Bain Capital will pay the workers at Bright Horizons living wages. Perhaps, for a while, or until they own a large enough market position.
There is no freedom without a living wage.
Freedom requires a living wage. Until workers are guaranteed living wages, the Justice Department gets back to Anti-Trust policies, and Congress represents people not corporations, Freedom in America is just a pleasant memory.
Shame on Romney, Ryan, and the GOP.
Shame on the apathy that got us here.
Shame on greed.
Shame on me for cooperating so their heartless shell game continues unhampered.
AN ASIDE: Romney tried to paint Obama as promoting welfare for no work. Most states have GOP Governors. Many of them asked Obama for a waiver of the work/welfare rules. I think the GOP Governors punked Obama.