Do More With Reuters
Partner Services

UPDATE 3-Alaska Governor Sarah Palin will resign

Sat Jul 4, 2009 2:00am IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds quote, book deal, background)

By Yereth Rosen

ANCHORAGE, Alaska, July 3 (Reuters) - Alaska Governor Sarah Palin, Republican John McCain's vice presidential running mate in 2008, said on Friday she will resign this month and will not run for re-election as governor.

Palin took no questions after a brief news conference in her hometown of Wasilla, Alaska, with Lieutenant Governor Sean Parnell and much of her state cabinet at her side. She gave no indication of her future plans.

"I'm not seeking re-election" in 2010, Palin said, adding she would transfer authority to Parnell on July 26.

Palin, McCain's surprise pick in the 2008 presidential race, rallied the party's conservative base. There has been speculation she would seek the Republican Party's presidential nomination in 2012.

"We are not retreating, we are advancing in a different direction," Palin said. "We know we can effect positive change outside government at this moment in time."

Palin, 45, said her decision came after much "prayer and consideration." She did not want to waste time on "political blood sport" and cited public criticism of her actions and her family since the 2008 campaign.

"You are naive if you don't see a full-court press right now on the national level picking apart a good point guard," Palin said, using a basketball analogy.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article