Minecraft Server Issue

INFO] Starting minecraft server version 0.2.8
[WARNING] **** NOT ENOUGH RAM!
[WARNING] To start the server with more ram, launch it as "java -Xmx1024M -Xms1024M -jar minecraft_server.jar"
[INFO] Loading properties
[INFO] Starting Minecraft server on 76.164.123.194:25565
[SEVERE] Unexpected exception
java.lang.RuntimeException: java.net.BindException: Cannot assign requested address: JVM_Bind
	at ds.<init>(ds.java:32)
	at net.minecraft.server.MinecraftServer.d(SourceFile:114)
	at net.minecraft.server.MinecraftServer.run(SourceFile:191)
	at bx.run(SourceFile:484)
Caused by: java.net.BindException: Cannot assign requested address: JVM_Bind
	at java.net.PlainSocketImpl.socketBind(Native Method)
	at java.net.PlainSocketImpl.bind(Unknown Source)
	at java.net.ServerSocket.bind(Unknown Source)
	at java.net.ServerSocket.<init>(Unknown Source)
	at ds.<init>(ds.java:29)
	... 3 more