Starting integrated server java.lang.ExceptionInInitializerError

Minecraft Crash Report ----
// Surprise! Haha. Well, this is awkward.

Time: 1/4/14 1:59 PM
Description: Starting integrated server

java.lang.ExceptionInInitializerError
at net.minecraft.server.MinecraftServer.<init>(SourceFile:113)
at btk.<init>(SourceFile:38)
at azi.a(SourceFile:1590)
at bbq.a(SourceFile:202)
at bcl.a(SourceFile:172)
at bbq.a(SourceFile:301)
at bcl.d(SourceFile:232)
at bcl.k(SourceFile:211)
at azi.p(SourceFile:1308)
at azi.ah(SourceFile:760)
at azi.f(SourceFile:711)
at net.minecraft.client.main.Main.main(SourceFile:152)
Caused by: java.lang.IllegalStateException: failed to create a child event loop
at io.netty.util.concurrent.MultithreadEventExecutorGroup.<init>(MultithreadEventExecutorGroup.java:61)
at io.netty.channel.MultithreadEventLoopGroup.<init>(MultithreadEventLoopGroup.java:49)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:61)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:52)
at mv.<clinit>(SourceFile:31)
... 12 more
Caused by: io.netty.channel.ChannelException: failed to open a new selector
at io.netty.channel.nio.NioEventLoop.openSelector(NioEventLoop.java:128)
at io.netty.channel.nio.NioEventLoop.<init>(NioEventLoop.java:120)
at io.netty.channel.nio.NioEventLoopGroup.newChild(NioEventLoopGroup.java:87)
at io.netty.util.concurrent.MultithreadEventExecutorGroup.<init>(MultithreadEventExecutorGroup.java:57)
... 16 more
Caused by: java.io.IOException: Unable to establish loopback connection
at sun.nio.ch.PipeImpl$Initializer.run(Unknown Source)
at sun.nio.ch.PipeImpl$Initializer.run(Unknown Source)
at java.security.AccessController.doPrivileged(Native Method)
at sun.nio.ch.PipeImpl.<init>(Unknown Source)
at sun.nio.ch.SelectorProviderImpl.openPipe(Unknown Source)
at java.nio.channels.Pipe.open(Unknown Source)
at sun.nio.ch.WindowsSelectorImpl.<init>(Unknown Source)
at sun.nio.ch.WindowsSelectorProvider.openSelector(Unknown Source)
at io.netty.channel.nio.NioEventLoop.openSelector(NioEventLoop.java:126)
... 19 more
Caused by: java.net.ConnectException: Connection timed out: connect
at sun.nio.ch.Net.connect0(Native Method)
at sun.nio.ch.Net.connect(Unknown Source)
at sun.nio.ch.Net.connect(Unknown Source)
at sun.nio.ch.SocketChannelImpl.connect(Unknown Source)
at java.nio.channels.SocketChannel.open(Unknown Source)
... 28 more

A detailed walkthrough of the error, its code path and all known details is as follows:
---------------------------------------------------------------------------------------

– Head –
Stacktrace:
at net.minecraft.server.MinecraftServer.<init>(SourceFile:113)
at btk.<init>(SourceFile:38)

– Starting integrated server –
Details:
Level ID: Level 7-
Level Name: Level 7
Stacktrace:
at azi.a(SourceFile:1590)
at bbq.a(SourceFile:202)
at bcl.a(SourceFile:172)
at bbq.a(SourceFile:301)
at bcl.d(SourceFile:232)
at bcl.k(SourceFile:211)

– Affected screen –
Details:
Screen name: bct
Stacktrace:
at azi.p(SourceFile:1308)
at azi.ah(SourceFile:760)
at azi.f(SourceFile:711)
at net.minecraft.client.main.Main.main(SourceFile:152)

– System Details –
Details:
Minecraft Version: 1.7.4
Operating System: Windows 7 (x86) version 6.1
Java Version: 1.7.0_45, Oracle Corporation
Java VM Version: Java HotSpot(TM) Client VM (mixed mode, sharing), Oracle Corporation
Memory: 43900656 bytes (41 MB) / 79273984 bytes (75 MB) up to 518979584 bytes (494 MB)
JVM Flags: 2 total; -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx512M
AABB Pool Size: 0 (0 bytes; 0 MB) allocated, 0 (0 bytes; 0 MB) used
IntCache: cache: 0, tcache: 0, allocated: 0, tallocated: 0
Launched Version: 1.7.4
LWJGL: 2.9.1
OpenGL: Intel(R) HD Graphics Family GL version 3.0.0 - Build 8.15.10.2353, Intel
GL Caps: Using GL 1.3 multitexturing.
Using framebuffer objects because OpenGL 3.0 is supported and separate blending is supported.
Anisotropic filtering is supported and maximum anisotropy is 16.
Shaders are available because OpenGL 2.1 is supported.

Is Modded: Probably not. Jar signature remains and client brand is untouched.
Type: Client (map_client.txt)
Resource Packs: []
Current Language: English (US)
Profiler Position: N/A (disabled)
Vec3 Pool Size: ~_ERROR~ NullPointerException: null
Anisotropic Filtering: Off (1)

Put the summary of the bug you're having here

What I expected to happen was...:
After paying for the game online I received an email that said I was supposed to get another email with instructions about how to download the game. I never received the email. I went to my profile in Mojang and downloaded the game after I try to create a world in creative mode I get an error mesage (the description is above) and I can't fix the problem.

*What actually happened was..
I'm very frustrated because I don't know much about any of the issues with minecraft. I was expecting to download the game and play it. After spending a few hours researching on the issue with my mom I still can't play the game. At this point if the issue can't be solve today i want my money back. All I want to do is play a game.

Steps to Reproduce:
1. Put a step by step guide on how to trigger the bug here
2. ...
3. ...