shell > yum -y install epel-release
shell > yum -y install gcc wget readline-devel zlib-devel openssl-devel

shell > wget https://www.python.org/ftp/python/2.7.10/Python-2.7.10.tgz
shell > tar zxf Python-2.7.10.tgz
shell > cd Python-2.7.10 ; ./configure --prefix=/usr/local/python2.7 ; make ; make install

shell > mv /usr/bin/python /usr/bin/old_python
shell > ln -s /usr/local/python2.7/bin/python /usr/bin/python

shell > sed -i '1s/python/old_python/' /usr/bin/yum

shell > python -V
Python 2.7.10

shell > wget https://pypi.python.org/packages/source/s/setuptools/setuptools-15.2.tar.gz#md5=a9028a9794fc7ae02320d32e2d7e12ee
shell > tar zxf setuptools-15.2.tar.gz
shell > cd setuptools-15.2 ; python setup.py install

shell > ln -s /usr/local/python2.7/bin/easy_install /usr/bin/easy_install

shell > wget https://pypi.python.org/packages/source/p/pip/pip-6.1.1.tar.gz#md5=6b19e0a934d982a5a4b798e957cb6d45
shell > tar zxf pip-6.1.1.tar.gz
shell > cd pip-6.1.1 ; python setup.py install

shell > ln -s /usr/local/python2.7/bin/pip /usr/bin/pip

shell > wget https://pypi.python.org/packages/source/i/ipython/ipython-3.1.0.tar.gz#md5=a749d90c16068687b0ec45a27e72ef8f
shell > tar zxf ipython-3.1.0.tar.gz
shell > cd ipython-3.1.0 ; python setup.py install

shell > ln -s /usr/local/python2.7/bin/ipython /usr/bin/ipython