our chief education correspondent rehema ellis went to shanghai to find out.re with us in our new york studios tonight. rehema? >> reporter: brian, they are working hard on the schools in shanghai and the thing that struck me during my visit to china is that kids there love learning. in many ways their success in school is a direct consequence of a whole culture that really values education. from the moment the teacher enters the classroom, shanghai students, rooted in tradition, are ready to learn. the 900 kids at shanghai yukkai high school have nine-hour school days with just a few breaks for workouts, and timeouts for eye massages to relieve stress. kids study on weekends and during summer and winter breaks. why do you want to study so much? >> because i want to have a better future and do some contribution to our society. >> reporter: everything is geared toward the all-important college entrance exams. >> it's a test-oriented education system which means that students are taught from a very early age how to beat tests. >> reporter: on international exams

in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who are going to die because of lack of a five thousand dollars surgery because their health care system is an absolute joke did you want to jump in there go ahead in miami yeah yeah yeah yeah i mean i mean first first of all i mean again and i want to say in a very very clear clear fashion yeah these no question that you know the chinese is a bad regime as far as as moralities is concerned to put it at the same lab as a regime that is old is a mess murders of entire people you know because of their you know religion or otherwise you know a clean nation where you have all that although you are your own having said that having said that you called. in jail or disappeared and finish up in miami go ahead yeah i don't think you can equate it because the train he kept i'm very sorry i think you're entirely wrong but let me finish my point having said that they is no question that china is going to extract a heavy price for any but the. bailout my own view is that they are going to do it in

in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who are going to die because of lack of a five thousand dollars surgery because their health care system is an absolute joke if you want to jump in there go ahead in miami yeah yeah yeah yeah i mean i mean first first before i mean again and i want to say in you know very very clear clear fresh air yeah these no question do you know a chinese is a bed regime as far as as moralities is concerned to put it at the same level as a regime that is old and eyes and ears of entire people you know because of their you know religion or otherwise you know clean nation. they've all gone wrong having said that having said that you called even though. i finished it in jail or disappeared don't you go ahead and finish up in miami go ahead yeah i don't think you can equate it with close to training camp i'm very sorry i think you're entirely wrong but let me finish my point having said that these no question that china is going to extract a heavy price for any but the c.p.a. shares in a bailout my ow

hard showrooms as they're doing in shanghai if they don't get their way so you can either politely protest around the world or you can scream and shout and get your way first headline here max banks stocks a blade you know we have a trillion something european wide bailout and the bankers were happy their shares soared yes the speculators their ransom requirements were met you know this was all established in two thousand and eight remember when hank paulson put a gun to congress the senate got almost a trillion dollars from congress to give goldman sachs and his buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the answer to greed and the worse you are paying back your loans the cheaper the interest rate gets and the more motor you get i would get that deal let me twice on the safe harbor and over throw up into a bucket of vomit the fun part of the top one percent i can take that to the fed and get a billion dollar loan is that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. wel

championships events in shanghai the actors since starting the day is very benoit leda on the cards and he was quick to extend his lead farming free birdies the first four holes. drawn just shot at nine recovered to cart three further birdies this one fourteen. a sixty seven yard concerning sixteen on the palm on the verge of a huge win but the chasing pack is closing in the hasan remains to shots by. the solid round at sixty eight the south african but the biggest mover of the day was the pre-tournament favorite rory mcilroy northern irishman moving up thirteen places on the leaderboard following an excellent round of sixty five to catapult himself to within four shots of the arc of some. and finally caddie steve williams has apologized for alleged racist comments he made about his former boss tiger woods williams made the slow during dinner for counties in shanghai but have a new zealand was a museum that was given a mock award celebration after winning the bridgestone invitational event with adam scotts it was his first victory since being fired by woods in july of the securing of th

champions event in shanghai starting today is the night leader in the cards he was quick to extend his lead free birdies for us four holes course we dropped a shot at nine recovered to cardiff three further birdies including this one fourteen. sixty seven for your concern and sixteen on the bottom of a huge win but the chasing point is closing in. remains two shots back after a solo drive sixty eight south africans but the biggest mover of the day was pretty tournament favorite rory mcilroy northern irishman moving up thirteen places at the leaderboard following an excellent round of sixty five article in itself to win. and finally the steve williams apologize for an alleged racist comments he made about his former boss tiger woods williams made the surgery at the end of the caddies in shanghai there the new zealander was given a walk on water a celebration after winning the bridgestone invitational with adam scott's well that was his first victory since being fired by woods in july the securing of thirteen major titles the former world number one. american golf was science and invitat

the shanghai composite. weak performance in the banking sector led the axs 200 off to a lower close. and the stock market in hong kong was off the most by getting on for 1%. hong kong hit sell-off in property stocks after wen jiabao said his government was committed to driving down property prices. shares in china resources land lost around 3% while china overseas land and have manies slumped by almost 5%. >>> let's have a look at the united states where the stock markets, the major ones finished last week lower. investors rattled by the uncertainty surroundsing greece's confidence vote which was in the future, i think, when the closing bell sound. financial stocks were down, trading off europe's concerns. the labor don't released its monthly job state on friday and that showed the rate of hiring slowed in october, slight disappointment from the nonfarm payrolls. closing numbers for friday off about 0.5%. >>> a street vendor says the tourists have vanished. fears of flooding are keeping thailand's hotels and

did at the invitation of shanghai masters last week but the wind was not saying any major so it did not count and michael barone looks to cut the gap on told the lead. to a million dollars in the european monoliths has a very secured the top title on the page but michael ross has enough left on the calendar to deny english men and historic cash to. the most important thing for me at the minute is just to concentrate on my goal from and make that the primary focus which it always has been. good a good one coming up to the end of the season of us is a big week and you are looking forward to playing with green in the world cup and then of hong kong and divided forward again to try to come in the looks lead so. i wonder. this is concentrated on the unfinished tradition this year off really well. let's finish on a colorful legend. slate's just a whisker away from a record eleventh world title the thirty nine year old american progress through one more heat in san francisco it's the ultimate stop on the eleven that. claim to hate monday to all but to retain his crown the press stories on him

they are as far behind the shanghai kids as we are ahead of kids and albania and to asia. that is a really troubling sign of trouble for the future. in this globalized world with very competitive wage rates, if you don't succeed educationally, it is hard to see how you can be a center of innovation that the u.s. has been in recent years. >> i wondered if it was fair to say the west and the rest as opposed to the west and china? india may be, but are talking about the west and china? but don't think we are, china is the biggest story. it is 1/5 of humanity. if you look at the projections, even though the tide of overtakes the u.s. very soon, india does catch up, too. last time goldman ran these numbers, they had the india catching up by 2050 and you also have brazil, indonesia, another big and very rapidly growing economy. i make the argument that is not a question of the inevitable decline. what can we do, what must we do to revive our institutions and get the budget back not only in terms of economics, but in terms of science and the way our legal system works. we used to

champions event in shanghai ackerson starting today as b. overnight leader falling mccance would quickly extend his lead for him three birdies past four holes this week dropped a shot at nine but recovered to cardiff for a further birdies reading this one at fourteen. sixty seven three out of seven and things sixteen under par verge of a huge win but the two. packets closing in luis also means to shots back after a solid round of sixty eight for the south african birth the biggest mover of the day was a pre-tournament favorite rory mcilroy the northern irishman moving up thirteen places on the leaderboard following an excellent round of sixty five to catapult itself to within your shots after. finally cabbies steve williams has apologized for a legit plea racist comments he made about this former boss tiger woods and williams made the slur during a dinner for cabbies in shanghai the new zealand was given a mock award for his celebration helped to bring the bridgestone international events with adam scott what was his first victory since bein

on october 22nd, protesters invade and damaged a property developer's office in shanghai suburb.he incidents followed an announcement by the developer that it was slashing housing prices by 25%. china's real estate market began to overheat from late 2009, as speculators invested in residential property. but prices began to drop sharply in august, after the government introduced restrictions on real estate speculation. china's toppling high consumer prices, which had been rising at rates of more than 6%, are now showing signs of easing. the beijing municipal statistics bureau said last week, that the city's september consumer price index was up 6.5% compared to a year ago. that was down .1% from a percentage point from the previous month. the national bureau of statistics released its price survey the same day, showing food price movements in 50 cities between october 11th and 20th. out of 29 items, 18 marked a decline from the previous ten-day period. hang seng, vice director of the national development and reform commission said the cpi will rise by 5% or less for the next two m

on october 22nd, protesters invade and damaged a property developer's office in shanghai suburb.he incidents followed an announcement by the developer that it was slashing housing prices by 25%. china's real estate market began to overheat from late 2009, as speculators invested in residential property. but prices began to drop sharply in august, after the government introduced restrictions on real estate speculation. china's toppling high consumer prices, which had been rising at rates of more than 6%, are now showing signs of easing. the beijing municipal statistics bureau said last week, that the city's september consumer price index was up 6.5% compared to a year ago. that was down .1% from a percentage point from the previous month. the national bureau of statistics released its price survey the same day, showing food price movements in 50 cities between october 11th and 20th. out of 29 items, 18 marked a decline from the previous ten-day period. hang seng, vice director of the national development and reform commission said the cpi will rise by 5% or less for the next two m

and shanghai's key index for major blue chips was 0.15% higher. and the shenzhen, the sse composite was up 0.06%. >>> the japanese government has lowered its land price of assessments for areas affected by the march 11th earthquake and tsunami. the assessments are used for calculating inheritance and gift taxes. set annually on january 1st. this means that damage from the march 11th disaster was not reflected in this year's calculations. the national tax agency on tuesday released adjusted rates for locations in ten prefectures, these include in 80% plunge for onagawa. in miyagi prefecture. many residents in the town were killed by the tsunami. some other municipalities in miyagi, iwate and fukushima prefectures were assessed with a 70% to 75% drop in land prices. this is the second time the agency has had to adjust its rates in the wake of a disaster. land prices were also downgraded after the great hon shin earthquake strub kobe and the vicinity in 1995. but the maximum price drop at that time was 25%. cheebo prefecture city saw a land price fal

child and his absence opens the door for world number three market open champ at the invitation of shanghai and masters last week but that event was not sanctioned bought in a major in money did not count and michael row looks to cut the gap onto an old lead seen by almost two million dollars in the european money list has already secured the top earners title on the p.g.a. but michael roy. has enough events to deny the englishman and historic catch up. the most important thing for me at the minute is just to concentrate on my goals and make that the primary focus which it always has been. you know that i've got a good one coming up to the end of the season of you this is a big week you're looking forward to playing with in the world cup and then on you know hong kong in dubai look forward to it again to try and you know to come into looks lead so. this is concentrated on unfinished and finishing this year off really well. let's finish on a california beach where legend kelly slater is just a whisker away from my record eleventh world title the thirty nine year old american progress for one

at imitation or shanghai masters last week but that was not saying by any major so i did not count. looks on told the lead. to a million dollars a year in one of his talks has already secured the top title but has enough left on the calendar to deny english men and historic cashed up. the most important thing for me than just to concentrate on my goals from and make of the primary focus which it always has been. you know that i'm going to get on coming up to the end of the season of this is a big week and you are looking forward to playing with green in the world cup and then of hong kong divine authority rather than began to tremble you know the kind of lives lead so. you want to to learn. this is concentrated on unfinished finishing this year off really well. let's finish on a colorful and i be sure legend. is just a whisker away from the record eleventh world title thirty nine year old american progress through one more piece in san francisco it's an ultimate stop on the eleven they. claim to hate monday sold but to retain his crown the pressure is on him to shot his top of the f

champions events in shanghai and starting today's big overnight leader in the cards he was quick to extend his lead free birdies for the holes course we dropped a shot at mind recovered to carter preferred a birdies including this one for team. sixty seven for your concern and sixteen are going to get a huge win at the chasing point is closing in who is also hasan remains to shots back after a spell of around sixty eight. but the biggest movie of the day was three tournament favorite rory mcilroy the northern irishman moving up thirteen places leaderboard following an excellent round a city quite radical himself when all shocks are considered. and finally can be steve williams apologize for an alleged racist comment he made about his former boss tiger woods williams made the surgery the caddies in shanghai there the new zealander was given a walk on water a celebration of the williams bridgestone invitational with adam scott but it was his first victory since being fired while woods in july securing thirteen major titles the former world number one. american golf was an invitational event