Running for office: Veteran policy adviser Paul Sawyer has entered the race for Louisiana House District 69, pitching himself as a results-driven conservative with deep experience in federal and state government. A former congressional chief of staff and LED official, Sawyer says he will focus on i nfrastructure, economic development and cutting red tape for small businesses in south Baton Rouge. Negative on crude: Institutional investors are turning sharply bearish on oil as the global market braces for a deepening supply glut. More than 59% of Goldman Sachs clients now hold negative views on crude, with sentiment near decade lows amid rising output, easing geopolitical risks and potential new barrels from Venezuela. Read more from Bloomberg. A subscription may be required.  Weak gains: Sluggish hiring last month closed out a year of weak employment gains that have frustrated job seekers even as layoffs and unemployment have remained low. Employers added just 50,000 jobs in December, nearly unchanged from a downwardly revised figure of 56,000 in November, the Labor Department said Friday. The unemployment rate slipped to 4.4%, its first decline since June, from 4.5% in November, a figure also revised lower. Read more from the Associated Press.  ...read more read less