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This single mom and entrepreneur is on a mission to help women build riches through property investment

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This single mom and entrepreneur is on a mission to help women build riches through property investment

“I would describe the early days of the company, knowing what I know now, as a HOT mess! I had eyes bigger than my belly, so I would say yes to everything and work it out later. My solution to being too busy was to hire people like me, which was a BIG mistake”

Kiani Mills

At age 35, Kiani Mills is the co-founder of Edwards Mills — a buyers advocacy company, and the creator of Imperiale, a real estate conveyancing firm.

But getting to the top of the ladder wasn’t easy. Kiani, one of six children born and raised in Frankston, lacked structure as a child and teen.

After leaving school to pursue a career in law, she landed a job as a legal trainee when she was 18 earning $14,000/year. She commuted daily from Frankston, eating sausage rolls from 7/11 on the train, as that was all her budget would allow. 

She was promoted to a Paralegal in the property law department, and that’s where she fell in love with conveyancing. Kiani spent the next few years raising her son, pursuing her passion for property law and conveyancing as a Paralegal, paying expenses, and managing her personal life. 

However, despite working the whole three months of her maternity leave while caring for a newborn and a toddler, she returned to work only to be told she no longer had a job.

“Working in a law firm under the protection of 15 lawyers doesn’t set you up to run a new business. However, I did it anyway and loved (and hated) every minute of it,” Kiani recalls.

Kiani started her conveyancing business out of her house, set up on her kitchen bench, having clients come over for a cup of tea whilst she printed their documents on her $100 printer. 

“From there, six months passed, and myself and my first employee moved into our Collins St Office, in the Paris end, I was very proud. Here we gained two more staff, then moved to Level 10, 525 Flinders St, with a perfect glass office overlooking the Yarra River and Nobu at Crown Casino. 

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“The real-life version of Suits! We grew to six before moving to our long-term home leasing at 70 Bridport St, Albert Park. Having a whole building not even two years into running a new business was surreal and brought new challenges and triumphs.

“We opened further offices in Mornington, Glen Waverley, Ballarat and Port Melbourne, adopting the digital world of PEXA and deeming ourselves a paperless office… We were up to 9 staff, a BDM and myself before the global pandemic decided to pounce whilst I was mid-holiday in Bali… Lucky for us, we escaped in the nick of time and got on the last plane! 

“This saw us close all of our offices and announce to the world that we had gone digital.  This also led to the launch into Queensland and NSW, with Queensland taking off instantly thanks to a couple of big referral partners.

“This financial year has seen us with 56 per cent growth in profit and exceeding our expected targets and milestones. However, as they say, it isn’t all roses and rainbows. There have been massive hurdles to jump, trials and tribulations and painful moments where the thought of giving up crept in. I am and always will be fighting the silent battle in business and wondering, ‘will this all be taken away. 

“This lights the fire inside of me, which gives me drive and commitment to myself, my family, my staff and the whole Imperiale family, our clients and referral partners. I do it every day because I want to, but more importantly, I get to. I am privileged to be in this position where I get to help, give back, and run a business the way I do.”

The beginning

Kiani remembers the company’s early years as being complete chaos.

“Well… I would describe the company’s early days, knowing what I know now, as a hot mess! I had eyes bigger than my belly, so I would say yes to everything and work it out later, or just work later. My solution to being too busy was to hire people like me, which was a BIG mistake. People like me had the social skills but didn’t have the work dedication skills to keep them at their desks.” 

Kiani notes that getting into real estate was a by-product of property law. Until she left working in Law Firms, she wasn’t really aware of how much of an influence the Real Estate Industry had as she wasn’t exposed to that world until she left the big city. Then very quickly, Real Estate became her passion/obsession. 

“The personable nature of it, the fluctuation in the market, every day was different, different values, interest rates, people, rules, everything. It was a wonder to me, and I fell deeply in love with it. 

“There is still a lot of an ‘a grey area’ in the Real Estate industry, which baffles me at times; however, for the most part, it is exciting and does sit in line with my desire to help others make their dreams come true, and this just happens to be a very sought after vehicle. So hence starting a Conveyancing company was a no-brainer for me. I had the skills to be forged in an industry that I loved.

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“We were never short on clients, which was a relief; however, as most small business owners, I was wearing every hat, controlling the flow of everything and still trying to do most things myself, even though I had support. 

“Starry-eyed but determined, I loved the challenge, the fast pace, the thrill of it all. Help as many people as possible, say yes and deliver, even if it meant sacrificing time with the kids, eating and/or sleeping!” 

Why we need conveyancers like Impériale

Impériale Conveyancing is a professional property concierge and advisor who connects the dots for individuals at every stage of the property journey.

Kiani explains that the most common mistake she finds, even with Google, is that consumers do not have their Contract of Sale examined before signing. She also notes that so many things could be wrong with a property/contract, and Solicitors/Conveyancers provide this service for free. 

Conveyancers provide knowledgeable advice and personalised service when buying, selling, subdividing, transferring, or developing real estate. They also produce and manage all necessary paperwork throughout the transaction.

She encourages everyone to use this service. “Another issue is that people bid at auctions when they shouldn’t or don’t fully comprehend the implications of doing so. Buying at auction has stringent guidelines, and it is not for everyone,” she adds.

“Finally, not doing thorough due diligence into the local area, planning approvals, etc., you can find most things on the internet or with a quick call to Council, so please don’t assume all is rosy. 

“There may be a Department of Housing Development pinned to be built across the street, a giant freeway earmarked to be built, you may be within an ineligible zoning area, and your lender will not accept. Please google the heck out of any property you look at and be smart.” 

“I believe that the easiest way to make Real Estate a fairer game is for all buyers to utilise the resources of a Buyers Advocate. Sellers can allow a professional to manage the game to ensure the best result. I strongly believe having the buyer represented by a professional also means it is a LOT more of a fair game. 

“Buyers really are at a disadvantage. I started Edwards & Mills Buyers Advocacy with my business partner Jake Edwards to help assist my clients and give them a leg up in the buying game.

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“Understanding the value of a good buyer’s advocate can be the difference in winning at auction, finding out about an off-market, savings 6 months of your life from weekend inspections, saving you money, and peace of mind that the due diligence has been completed correctly.” 

‘Imperiale’ is the feminine equivalent of ’empire’, as Kiani’s mission is not just to establish her own business but also to assist others in building theirs.

Learn more about Imperiale Conveyancing at https://imperiale.com.au/

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Amazon won’t have to pay hundreds of millions in back taxes after winning EU case

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Amazon won’t have to pay hundreds of millions in back taxes after winning EU case

LONDON (AP) — Amazon won’t have to pay about 250 million euros ($273 million) in back taxes after European Union judges ruled in favor of the U.S. e-commerce giant Thursday, dealing a defeat to the 27-nation bloc in its efforts to tackle corporate tax avoidance.

The ruling by the EU’s top court is final, ending the long-running legal battle over tax arrangements between Amazon and Luxembourg’s government and marking a further setback for a crackdown by antitrust chief Margrethe Vestager.

The Court of Justice backed a 2021 decision by judges in a lower court who sided with Amazon, saying the European Commission, the EU’s executive branch, had not proved its case that Amazon received illegal state support.

“The Court of Justice confirms that the Commission has not established that the tax ruling given to Amazon by Luxembourg was a State aid that was incompatible with the internal market” of the EU, the court said in a press release.

Amazon welcomed the ruling, saying it confirms that the company “followed all applicable laws and received no special treatment.”

“We look forward to continuing to focus on delivering for our customers across Europe,” the company said in a statement.

The commission said it “will carefully study the judgment and assess its implications.”

The case dates back to 2017, when Vestager charged Amazon with unfairly profiting from special low tax conditions since 2003 in tiny Luxembourg, where its European headquarters are based. As a result, almost three-quarters of Amazon’s profits in the EU were not taxed, she said.

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The EU has taken aim at deals between individual countries and companies used to lure foreign multinationals in search of a place to establish their EU headquarters. The practice led to EU states competing with each other and multinationals playing them off one another.

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Tesla autopilot recalls: 2 million vehicles need to have their defective systems fixed

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Tesla autopilot recalls: 2 million vehicles need to have their defective systems fixed

DETROIT (AP) — Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot.

Documents posted Wednesday by U.S. safety regulators say the update will increase warnings and alerts to drivers and even limit the areas where basic versions of Autopilot can operate.

The recall comes after a two-year investigation by the National Highway Traffic Safety Administration into a series of crashes that happened while the Autopilot partially automated driving system was in use. Some were deadly.

The agency says its investigation found Autopilot’s method of making sure that drivers are paying attention can be inadequate and can lead to “foreseeable misuse of the system.”

The added controls and alerts will “further encourage the driver to adhere to their continuous driving responsibility,” the documents said.

But safety experts said that, while the recall is a good step, it still makes the driver responsible and doesn’t fix the underlying problem that Tesla’s automated systems have with spotting and stopping for obstacles in their path.

The recall covers models Y, S, 3 and X produced between Oct. 5, 2012, and Dec. 7 of this year. The update was to be sent to certain affected vehicles on Tuesday, with the rest getting it later.

Shares of Tesla slid more than 3% in earlier trading Wednesday but recovered amid a broad stock market rally to end the day up 1%.

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The attempt to address the flaws in Autopilot seemed like a case of too little, too late to Dillon Angulo, who was seriously injured in 2019 crash involving a Tesla that was using the technology along a rural stretch of Florida highway where the software isn’t supposed to be deployed.

“This technology is not safe, we have to get it off the road,” said Angulo, who is suing Tesla as he recovers from injuries that included brain trauma and broken bones. “The government has to do something about it. We can’t be experimenting like this.”

Autopilot includes features called Autosteer and Traffic Aware Cruise Control, with Autosteer intended for use on limited access freeways when it’s not operating with a more sophisticated feature called Autosteer on City Streets.

The software update will limit where Autosteer can be used. “If the driver attempts to engage Autosteer when conditions are not met for engagement, the feature will alert the driver it is unavailable through visual and audible alerts, and Autosteer will not engage,” the recall documents said.

Depending on a Tesla’s hardware, the added controls include “increasing prominence” of visual alerts, simplifying how Autosteer is turned on and off, and additional checks on whether Autosteer is being used outside of controlled access roads and when approaching traffic control devices. A driver could be suspended from using Autosteer if they repeatedly fail “to demonstrate continuous and sustained driving responsibility,” the documents say.

According to recall documents, agency investigators met with Tesla starting in October to explain “tentative conclusions” about the fixing the monitoring system. Tesla did not concur with NHTSA’s analysis but agreed to the recall on Dec. 5 in an effort to resolve the investigation.

Auto safety advocates for years have been calling for stronger regulation of the driver monitoring system, which mainly detects whether a driver’s hands are on the steering wheel. They have called for cameras to make sure a driver is paying attention, which are used by other automakers with similar systems.

Philip Koopman, a professor of electrical and computer engineering at Carnegie Mellon University who studies autonomous vehicle safety, called the software update a compromise that doesn’t address a lack of night vision cameras to watch drivers’ eyes, as well as Teslas failing to spot and stop for obstacles.

“The compromise is disappointing because it does not fix the problem that the older cars do not have adequate hardware for driver monitoring,” Koopman said.

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Koopman and Michael Brooks, executive director of the nonprofit Center for Auto Safety, contend that crashing into emergency vehicles is a safety defect that isn’t addressed. “It’s not digging at the root of what the investigation is looking at,” Brooks said. “It’s not answering the question of why are Teslas on Autopilot not detecting and responding to emergency activity?”

Koopman said NHTSA apparently decided that the software change was the most it could get from the company, “and the benefits of doing this now outweigh the costs of spending another year wrangling with Tesla.”

In its statement Wednesday, NHTSA said the investigation remains open “as we monitor the efficacy of Tesla’s remedies and continue to work with the automaker to ensure the highest level of safety.”

Autopilot can steer, accelerate and brake automatically in its lane, but is a driver-assist system and cannot drive itself, despite its name. Independent tests have found that the monitoring system is easy to fool, so much that drivers have been caught while driving drunk or even sitting in the back seat.

In its defect report filed with the safety agency, Tesla said Autopilot’s controls “may not be sufficient to prevent driver misuse.”

A message was left early Wednesday seeking further comment from the Austin, Texas, company.

Tesla says on its website that Autopilot and a more sophisticated Full Self Driving system are meant to help drivers who have to be ready to intervene at all times. Full Self Driving is being tested by Tesla owners on public roads.

In a statement posted Monday on X, formerly Twitter, Tesla said safety is stronger when Autopilot is engaged.

NHTSA has dispatched investigators to 35 Tesla crashes since 2016 in which the agency suspects the vehicles were running on an automated system. At least 17 people have been killed.

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The investigations are part of a larger probe by the NHTSA into multiple instances of Teslas using Autopilot crashing into emergency vehicles. NHTSA has become more aggressive in pursuing safety problems with Teslas, including a recall of Full Self Driving software.

In May, Transportation Secretary Pete Buttigieg, whose department includes NHTSA, said Tesla shouldn’t be calling the system Autopilot because it can’t drive itself.

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AP Technology Writer Michael Liedtke contributed to this story.

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Why Was Sam Altman Fired? Possible Ties to China D2 (Double Dragon) Data from Hackers

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Theories are going around the internet why Sam Altman was fired. On an insider tech forum (Blind) – one person claims to know by third-hand account and how this news will trickle into the media over the next couple of weeks.

It’s said OpenAI had been using data from D2 to train its AI models, which includes GPT-4. This data was obtained through a hidden business contract with a D2 shell company called Whitefly, which was based in Singapore. This D2 group has the largest and biggest crawling/indexing/scanning capacity in the world 10x more than Alphabet Inc (Google), hence the deal so Open AI could get their hands on vast quantities of data for training after exhausting their other options.

The Chinese government became aware of this arrangement and raised concerns with the Biden administration. As a result, the NSA launched an investigation, which confirmed that OpenAI had been using data from D2. Satya Nadella, the CEO of Microsoft, which is a major investor in OpenAI, was informed of the findings and ordered Altman’s removal.

There was also suggestion that Altman refused to disclose this information to the OpenAI board. This lack of candor ultimately led to his dismissal and is what the board publicly alluded to when they said “not consistently candid in his communications with the board.”

To summarize what happened with Sam Altman’s firing:

1. Sam Altman was removed from OpenAI due to his ties to a Chinese cyber army group.

2.OpenAI had been using data from D2 to train its AI models.

3. The Chinese government raised concerns about this arrangement with the Biden administration.

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4. The NSA launched an investigation, which confirmed OpenAI’s use of D2 data.

5. Satya Nadella ordered Altman’s removal after being informed of the findings.

6. Altman refused to disclose this information to the OpenAI board.

 

We’ll see in the next couple of weeks if this story holds up or not.

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