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In a stunning move Sarah Palin will resign as Governor of the state of Alaska. Palin, a 45 year old Republican, will resign from office towards the end of July and return to private life, leaving office before the end of her first term. This bizarre decision by last year's Republican vice presidential candidate has lead to rampant speculation.

Palin took no questions at a news conference before the Fourth of July weekend where Palin said she would step aside as governor and be replaced by Lt. Governor Sean Parnell. Parnell will be inaugurated at the Governor's Picnic at Pioneer Park in Fairbanks on Saturday, July 25
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