How U.S. Students Stack Up Against Other Nations

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Sept. 3 (Bloomberg) -- Harvard's Paul Peterson compares the U.S. education system to other nations on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Welcome back to the second half-hour of "bottom line" on bloomberg television.

I am mark crumpton.

Thanks for staying with us.let's check where the markets finished the session as we hit the bottom of the hour on tuesday, september 3, footie 13. the markets today rose modestly.

New worries about an attack on syria dampened an early rally.

The s&p 500 rose 0.4%. the dow jones rose 23 points.

The nasdaq also rose zero point -- 0.6%. but check on the top stories.

President obama gained ground for his call against a military strike on syria.

He gained support from john boehner.

Congressional aides say that law makers on the formulation committee have reached an agreement on using military force against syria.

The panel planned to consider and vote on the matter on wednesday.

Israel conducted a test over the middle -- mediterranean sea.

The government called it a success.

The system is designed to stop a median range missiles.

The pentagon provided technical assistance and support for the test.

Dennis rodman is in north korea.

He told the ap that he wants to see his friend kim jong-un.

He wants to start a basketball league in north korea, but has no plans to negotiate the release of a jailed american missionary.

More now on the crisis in syria.

Let's look at how president obama's response is affecting diplomacy.

Our correspondent joins us from washington.

How does this make us look overseas?

There is no question that part of what john kerry was try to talk about today when testifying before the senate was the importance of u.s. credibility overseas.

Once of the president says he has drawn a red line and will respond to something him a -- something, he is trying to play the credibility card.

The u.s. has to stand behind its word.

He talks about the risk of not working.

What kind of message will listen to other rogue states , there is also that element.

He also said that now is not the time for armed chair isolationism.

What about a blowback?

Just as secretary kerry talked about the risk of not acting, we have to remember the risk of acting.

The israeli missile test is meant to be a single, even if it was a long plan.

It is a message that the border in lebanon to back off.

We know the u.s. is concerned about the security of israel, jordan, turkey, and other neighbors who could face the blowback.

Before any strike we take, it would take proper security measures at its embassies to protect american citizens.

As far as russia is concerned, there are an ally of the president, they're trying to block action.

What can rested he to prevent military action -- what can russia do to prevent military action?

He has tried everything he can so far.

He said that any strike will be death to diplomacy.

He talks about how we need to go through the un security council process.

He talks about having russian legislatures lobby american lawmakers to tell them how wrong it would be to endorse the strike.

Vladimir putin becomes president obama's post for the summit he is going to tonight.

That will be an uncomfortable passage.

Obama will be meeting with the chinese leader and the french leader, but there's no word on any meeting with putin.

Speaking of the president of france, he gave an interview.

How is his defiant tone being received?

In that he denied he had any relationship or command of the chemical weapons, he dared the u.s. to prove that he had done it.

He also talked about the region being a tinderbox and use the same kind of strong language used in the past.

It is being dismissed by all of those who do not believe them in the first place.

It is raising tensions within the region.

Thank you.

It is time for the commodities report.

Sue keenan joins us with details.

And the political turmoil over syria is affecting oil.

There is concern over supply.

It is about the safe haven.

Concerns of tensions made metals move.

Gold rose for the first time in a week.

A lot of uncertainty in the air.

There is a safe haven appeal for gold.

Gold is on the verge of a bull market, climbing back almost 20%. in oil, it moved higher.

The market is processing a slow grind very -- grind.

The miller -- the missile test is an indication of things to come.

When it comes to volatility in commodities, oil is the place to be.

Oil is the outlier commodity.

We have too much iron and copper and gold and corn.

All of those are down.

We think it will change once we put syria into the rearview mirror.

We think it will happen in the next six -- 6 to 8 weeks.

Gold will make for a lot of volatility.

What is the focus on wednesday to mark -- on wednesday?

Orange juice and corn are going further on gyrations.

Soybeans rose the most third rain is damaging prospects.

Soybeans -- soybeans rose the most.

Rain is damaging prospects.

All of these are a wild ride for the moment.

Thank you.

On wednesday, we hear from samsung.

First, we go back to the future with a look at what people believe is the world's first smart device for your wrist.

? samsung is expected to reveal a smart watch on wednesday.

One company has had a lock on that ability for decades.

Casio.

They have dominated a small lucrative market since the early 80's. -- 1980's. the water resistant sports watch ready for action.

? i can always use another casio.

? whenever you want to take control of the tv or vco, look no further than your wrist.

? coming up, u.s. students head back to school, but their future may be dim compared to other countries.

We talked to an expert: for structural reform is bottom-line line continues in a moment.

? welcome back.

This is "bottom line" on bloomberg tv, streaming on your tablet, your phone, and at bloomberg.com.

More than 50 million children would be enrolling in u.s. public schools for the year 2013. that is according to the national center for education.

Student performances is grabbing attention.

A trio of experts on international education policy compared the performance with american schools against other nations.

Paul pierce and, a professor at harvard is one of the authors of these -- this book.

He told us why the u.s. process for education is a failure.

The test scores ever made flat for the last 25 years or more.

Other countries are doing better than us.

We rank number 32 in the world in math performance.

That is a low number.

How far are american students falling behind global counterparts?

Which countries are doing well, and where can we see american students being outcompeted for global jobs?

What is interesting is that 7% of our students are performing at the advanced level in that.

In canadian -- canadians are 13%. it is higher for germany and finland and korea.

In countries all over the world, they are better at performing at the highest level.

That is not a problem at the enter city -- at the inner-city.

One thing and report caught my attention.

When education in america is i lead a it is often discussed in terms of urban versus for -- versus suburban.

That is a diplomatic way of talking about weight -- about race.

What did your research uncover?

It is true that minority groups are performing poorly on achievement test.

That does not mean that the white oculus and is doing well.

They are doing poorly also when compared to the europeans and asians.

Even our friends to the north in canada and people in new zealand and canada, all of these countries are between 50% to 100% more high-performing students.

Are we talking about specifically math, science, reading?

What is the breakdown?

The situation is -- in reading his or said the sector.

It is hard to make and persons in reading.

In math and science, it is more comparable.

We are trailing other countries in those subjects by a wide margin.

Math is important for the global economy.

Domestically, which states have shown the most improvement, and which are still struggling?

The states that are doing well include a maryland, delaware, florida, and massachusetts.

Massachusetts has always been a high-performing state, but has moved from the number seven spot to the number one spot.

They have a high percentage of students performing at the highest level.

I have to say that massachusetts is winning on all fronts.

What about the lower end of the scale?

Wisconsin has fallen a lot.

I a lot has fallen a lot.

Main house full of a lot.

Parts of the country where you think they are doing good, they are not up to where they performing in 1995. what about the return on investment?

Do some states -- the states that spend more per pupil have disappointing results?

Those states that spent -- that had the highest achievement -- you get high achievement and states that did not spend much money, and vice versa that spend more money.

The money connection is not there.

You do not solve the problem in american education by spending more money.

What is the long-term cost to the u.s. economy?

How will this affect gdp?

It goes up by half a percent a year.

The economy grows by 1.5% to 2% a year.

If you can raise it half of a percentage point, that is big.

If we can bring ourselves up to the canadian level," $80 trillion, that would be almost equivalent.

What does the usb to do to change the status quo -- what does the u.s. need to do to change the status quo to make sure that the students have the requisite skills to be the challenges of the 20th century?

We need to export more from students themselves.

We do not hold them accountable.

That is number one.

We should expect more of our students.

We need to get the families engage.

We need to market based teacher compensation policies.

We need to get parents a choice of schools.

Many things can be done.

Digital education is coming now.

That will give us more opportunities.

I can be optimistic about the future if we take advantage of all of the new technologies coming along.

That was paul peterson, professor and director of education policy at harvard university.

Coming up, history is made as a swimmer conquers shark infested waters.

Hot shots is next.

? that is a look at the futures market.

We bring you a market check at 26 and 56 after each hour of the trading day.

Let's go to the bottom line on wednesday.

We have yang yang and sinking in with a preview.

-- and sinking in with a preview.

-- and sue keenan.

President will pay a visit to stockholm.

It will include a bilateral meeting.

They will discuss international security and trade.

Hans nichols is traveling with the president and will file reports from russia.

The fed will sum up reports third it becomes a weeks before the next meeting.

65% of economists expect to see them taper asset purchases.

Before apple rolls out its new iphone, samsung will be launching a new gadget on wednesday.

A smart watch and then updated tablet.

Why automakers cannot make enough cars.

They find themselves with a new challenge of how to match the demand.

Matt miller will talk about talk executives in detroit.

What does a $1200 haircut look like?

Sam grobart will get a more expensive cut from the same hairstylist that angelina jolie and other celebrities use.

That is our look ahead to wednesday.

Thank you.

It is time for hot shots, some of the most compelling images of the day.

? in italy, an artist uses his tractor and a paintbrush to create a giant portrait of p ope francis.

It

This text has been automatically generated. It may not be 100% accurate.

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