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The moves add to the euro’s biggest annual decline since 2005 amid speculation the European Central Bank is closer to starting large-scale government bond purchases, while the Federal Reserve prepares to raise interest rates from a record low near zero. ECB President Mario Draghi last week gave his strongest hint yet that quantitative easing could be imminent, saying policy makers must act against the risk of deflation.

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Other analysts are even more skeptical. “If anyone was ”aikido-ed,’ it was Russia in Ukraine,” says Mikhail Troitskiy, an associate professor of international relations at the Moscow State Institute of International Relations. “It took a risk, or was provoked to take a risk, that predictably led Russia into an impasse. I don’t see how Russia can respond asymmetrically without provoking a new round of sanctions that would ruin the Russian economy.”

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The cops hated Mike Bloomberg for not giving them the contract they wanted. They picketed outside his house (the fancy one, not Gracie Mansion) and took out ads saying, “The mayor is a liar” under a picture of Bloomberg sporting a Pinocchio nose.

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Greek jitters hit regional stocks. Italy's FTSE MIB and Spain's IBEX fell 4.9 percent and 3.5 percentrespectively, while Britain's FTSE, Germany's DAX and France's CAC 40 were down 2.0 to 3.3percent. The pan-European FTSEurofirst 300 ended 2.3percent weaker at 1,332.47 points.

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Coupled with stable macroeconomic policy, even the International Monetary Fund, an institution long criticised by Mr Morales, has praised the country's prudent approach to its finances in recent years.

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The move comes as the new U.S. Congress convenes next week, with Republicans in control of both chambers after wresting the Senate from Democrats in November. The Fed is expected to come under heavier political pressure this year, from both Republicans and Democrats, as it pulls back from its unprecedented economic stimulus and begins raising interest rates.

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Cuomo’s December letter, sent by aide Jim Malatras, was prompted by the alarming news that the state’s new teacher ratings had, in their first year of full results, laughably deemed fewer than 1% of teachers ineffective — and stamped virtually all of them effective or highly effective.

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** Air Arabia has bought a 49 percent stake inJordan's Petra Airlines, the United Arab Emirates-based carriersaid on Monday. Petra Airlines will be rebranded as Air ArabiaJordan and the UAE carrier will establish a hub at Amman's QueenAlia International Airport, with operations to commence underthe new name in the first quarter, according to a statement toDubai's bourse.

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SolarCity Corp, the largest U.S. residential solar panelinstaller, and Vivint Solar Inc are already big playersin California. NRG Energy Inc, a top competitor on theEast Coast, announced in November that it aimed to open newoffices in California.

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