Word: kenner
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When toy-truck maker Tonka bought Kenner Parker Toys in 1987, the company added such venerable products as Monopoly and Play-Doh to its lineup. But Tonka, the third largest U.S. toymaker, also took on a staggering debt from the $674 million sale. The Minnesota-based company's burdens grew worse with the recession, which coincided with a dearth of successful new Tonka products. Last week the toymaker decided to seek help from the big kid on the block. Hasbro (1990 sales: more than $1 billion), the largest U.S. toymaker, will acquire Tonka's stock and debt in a deal...
According to the DEA, wholesale prices have risen across the nation. But it is not clear whether the increases reflect actual supply shortages or price gouging by traffickers playing on consumer fears. Los Angeles defense attorney David Kenner, who represents many alleged traffickers, maintains that "all the interdiction efforts do is keep profit margins high for the cartels." Robert Bonner, head of the DEA, warns against complacency: "There have been some rays of hope, but I'm not sure we are at the end of the beginning. I think we are still at the beginning...
When the College Board released its annual cost survey showing that private school tuitions would rise an average of 9% this fall, Kellie Kenner raced for her calculator. Since the 20-year-old junior entered Emory University two years ago, her total bill, including tuition, has jumped from $13,900 to $16,100, an increase of almost 16%. Despite a patchwork quilt of aid that includes scholarships, loans and an on-campus job, Kenner's father, a train conductor, must now pay $6,000 out of pocket to send his daughter to school this year -- $2,000 more than...
...their children register for the new school year, most parents, like Kenner's, are willing to scrimp and sacrifice. But they are increasingly outraged at the platinum price tags. For nine years, hikes in tuition and other fees have averaged roughly twice the rate of inflation, boosting bills at elite private schools like Sarah Lawrence and Princeton to the edge of the $20,000-a-year mark. And the spiral shows no sign of stopping. By 2005, according to the investment firm Paine Webber, the price of a college education is likely to climb to $62,894 annually...
...analysts also see some sociology behind the economics. Because baby boomers take their parenting so seriously, there is much murmuring about traditional values. Thus Kenner is pushing its Special Blessings doll, with Velcro hands that clasp and floppy knees that genuflect. The company wanted to develop a doll that "would appeal to a child's image of God as a big, * amorphous friend." Kitchenware is also popular. "I am getting my daughter a set of plastic pots and pans and a little stove and sink, which I also had," says Hillary Adams, 30, mother of Natalie, 2. "But the best...