Donald Trump Taps WWE Co-Founder Linda McMahon to Lead Small Business Administration

Linda McMahon, former chief executive officer of World Wrestling Entertainment Inc., speaks to the media in the lobby of Trump Tower in New York, U.S., on Wednesday, Nov. 30, 2016.

Albin Lohr-Jones—Bloomberg via Getty Images

The SBA offers support to small businesses throughout the U.S.

Donald Trump picked Linda McMahon, a pro wrestling magnate and former candidate for Senate, to lead the Small Business Administration, transition officials said on Wednesday.

“Linda has a tremendous background and is widely recognized as one of the country’s top female executives advising businesses around the globe,” Trump said, according to a report from Reuters.

Facebook, Twitter, Microsoft and YouTube will share terror content info

The move comes after concern that the companies weren’t taking down terrorist content fast enough

A municipal display panel provides contact information for victims of the terrorist attacks in Paris in November 2015. Credit: Peter Sayer

Facebook, Twitter, Microsoft and Google’s YouTube have agreed to share with one another identifying digital information of violent terror content that they find on their platforms.

When they remove “violent terrorist imagery or terrorist recruitment videos or images” from their platforms, the companies will include in a shared industry database the hashes, or unique digital fingerprints, of the content.

Other participants can use the shared hashes to help identify matching content on their hosted consumer platforms, review against their respective policies and definitions, and remove the content when appropriate, according to a statement by the companies on Monday.

“There is no place for content that promotes terrorism on our hosted consumer services. When alerted, we take swift action against this kind of content in accordance with our respective policies,” the companies said.

Two juveniles charged with arson in Tennessee wildfires

Two juveniles have been arrested and charged with arson in connection with deadly Tennessee wildfires that broke out last in and around the Great Smoky Mountains National Park, state officials said on Wednesday.

Tennessee Bureau of Investigation spokesman Josh DeVine declined to release details about the juveniles because of their ages and the ongoing investigation.

Fourteen people died in the fires, which have damaged and destroyed more than 1,750 structures, local and federal authorities said in a statement.

It was the highest death toll from wildfires in the United States since 2013, when 19 firefighters died near Prescott, Arizona.

"Our promise is that we will do our very best to help bring closure to those who have lost so much," Tennessee Bureau of Investigation Director Mark Gwyn said in a statement.

The largest of the blazes, the so-called Chimney Tops 2, broke out on Nov. 23 in a remote rugged area dubbed Chimney Tops in the Great Smoky Mountains National Park, authorities said.

Johnny Depp, Will Smith, George Clooney on 'overpaid' Forbes list

A combination photo showing actors Johnny Depp (L) posing during premiere of ''The Danish Girl'' in Los Angeles, California, November 21, 2015 and Will Smith attending the premiere of the film ''Suicide Squad'' in New York, August 1, 2016. REUTERS/Kevork Djansezian, Andrew Kelly/File Photos

Johnny Depp and Will Smith topped a list on Wednesday of Hollywood's most overpaid actors, an illustration that star power does not always bring in dollars at the movie box-office.

Fan favorite George Clooney also found himself on the annual Forbes list after the limited commercial appeal of films like "Hail Caesar," "Money Monster" and the 2015 flop "Tomorrowland."

Depp led the list for the second straight year after his movie "Alice Through The Looking Glass" brought in just $300 million at the global box-office after costing about $170 million to produce.

Forbes compiles the list by comparing the estimated pay for a lead actor in his or her last three movies with the estimated production costs and box-office gross of those movies.

It calculated that Depp, whose 2015 movie "Mortdecai" also bombed, returned just $2.8 dollars at the box-office for every $1 he was paid.

Housing déjà vu-Banks ready to drain the Masses again

Nearly ten years after the housing crisis, banks are getting ready to offer what they call fewer doc loans, which is just a stepping stone to the no doc loan.  As we stated before banks need to put money into the hands of the masses so they can fuel the next bubble. A bubble needs mass participation and banks thrive of bubbles. Every bubble and bust cycle is created and masterminded by banks.  Banks never lose, they just pretend to, because they know they will be bailed out. The Fed is a private institute run and owned by the banks, so they have nothing to worry about.

“Lite Doc.” That is what Quontic Bank, an FDIC-insured community lender in New York City is calling its product. It requires only verification of employment and two months worth of bank statements. For self-employed borrowers, it requires documentation of one year of profit and losses. The Lite Doc loans are five-year adjustable-rate mortgages with interest rates in the low- to mid-5 percent range, according to the bank. Thirty-year fixed-rate loans, which when fully documented can offer rates in the high-3 percent range, are not part of the offering.