Rural doctor shortage prompts opening of medical school

The University of Kansas will have what it says is the smallest four-year medical education site in the country when eight students begin taking classes on Monday on a satellite campus in Salina, Kansas. The move is in response to a shortage of rural doctors in the United States.

"By training physicians in a nonmetropolitan area, we are showing young medical students that life can be good, and practice can be stimulating, outside of the big city," said Dr. William Cathcart-Rake, the physician who directs the University of Kansas School of Medicine-Salina.

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Omega Boys Club giving kids new hope

Visit the Street Soldiers Website

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How A 21-Year-Old Design Student's Sleeping-Bag Coat Could Break The Cycle Of Homelessness

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Treasury rolls out funds to 11 states, DC, to boost private lending

The administration is keeping up its efforts to boost the economy, announcing Tuesday that 11 states and the District of Columbia will receive $360 million in government funds to help spur lending in the private sector.

Under the State Small Business Credit Initiative, the government can distribute up to $1.5 billion to state programs that aid in lending to small businesses that are struggling to find private financing.

Those funds are expected to yield $10 in private lending for every dollar of government money, meaning the administration expects roughly $3.6 billion in small-business lending to stem from this first cash injection, according to the Treasury Department.

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AIG repays government another $2.15 billion

NEW YORK (Reuters) - Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

The money went toward paying down the government's preferred interest in the entity that controls AIG's one-third stake in Asian insurer AIA Group, which AIG spun off in an initial public offering last year.

AIG's bailout at one point totaled $182.3 billion. The government's investment now stands at $51 billion -- the 77 percent of AIG's common stock held by the U.S. Treasury, and the remaining $9.3 billion in preferred interests in the AIA entity.

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