The CEO who neglects to attend to the Internet's impact or, worse, takes a wait-and-see attitude in hopes of the Net becoming something like a traditional business medium - relatively stable and manageable, long- or even short-term - does so at his company's peril.
Indeed, the Net may well serve as both vehicle and destination for your business's journey into the future.
It starts today on amazingly solid ground, with more than 90 million individuals and businesses connected to the Net.
In particular, in the event that a participant in the netting becomes insolvent, it is important that the net obligations of the participants be legally recognized so that a receiver of the insolvent participant is not able to cherry pick," that is, accept incoming payments while voiding outgoing payments.
As with the first type, the net payments arising from the asset transfers may be settled across the Federal Reserve's books at the end of the day.
After participants in a net debit position fully cover their obligations, PTC initiates transfers to the net creditors.
Hence, in addition to developing a procedure for comprehensive netting, the IRS should develop a procedure to permit a taxpayer to defer receipt of a refund from an earlier cycle and to apply the net overpayment to subsequent periods for which a taxpayer reasonably believes a deficiency will exist.
We understand that, as a result of the separate examination cycles being assigned to different Service Centers, the IRS is unable to join the cycles in order to "offset" the over- and underpayments for purposes of calculating interest on the net balance.
All Net Snippets' products are available from the Net
The nets are made of nylon mesh with a 32-inch metal outer ring and 12-inch inner bottom ring.
Morton places chemical light sticks in empty plastic soda bottles and ties them to the 60-foot line attached to the nets.