10 things you need to know today: December 31, 2014

Russia protest
(Image credit: (REUTERS/Tatyana Makeyeva))

1. Security Council rejects Palestinian statehood resolution

The United Nations Security Council rejected a Palestinian resolution calling for establishing a Palestinian state by the end of 2017. Eight countries, including France, Russia, and China, voted for the proposal. The U.S. and Australia voted against the measure, and five nations abstained. The proposal needed nine votes to pass, and the U.S. was prepared to veto it. U.S. Ambassador Samantha Power said the resolution included "unconstructive deadlines that take no account of Israel’s legitimate security concerns."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.