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California becomes world's 4th-largest economic superpower

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California becomes world's 4th-largest economic superpower


If the state of California was its own country, it would be the fourth-largest economic superpower, according to the International Monetary Fund and the U.S. Bureau of Economic Analysis.

Gov. Gavin Newsom released the official results and sent a warning about why it could all be fleeting.          

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Most nations, including some bigger economies, will envy what so relatively few people have done and continue to do.

“California has not just a strong economy, but a major global presence,” said Sean Randolph.

Randolph serves as director of the Bay Area Council Economic Institute.

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By the numbers:

California’s $1.4 trillion economy is fourth only behind the entire United States, China, and Germany and has now overtaken Japan, a nation with almost three times California’s population.

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“We achieved that because Japan’s economy is actually shrinking,” said Randolph.

India, the world’s most populated country, is behind California’s economy, even though its population of 1.4 billion is 37 times that of the Golden State’s.

“They have a long way to go still to really achieve the kind of the environment for investment and regulation that they’re gonna need to grow faster,” said Randolph.

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Newsom says at 6% annual growth, California’s economy is growing at a faster rate than the world’s top three economies, especially those of China and Germany, possibly eventually overtaking the latter.

But to do that, California must streamline and speed up processes for growth.

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“It makes it hard to build anything. It makes it hard to build factories,” said Randolph.

One example: California captured very little from the CHIPS Act that funds domestic microchip production because of its high cost and the pace to build it in the state.

“We need to find a way to build more housing and reduce the cost of living and the cost of doing business here,” said Randolph.

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The tariff effect 

However, Newsom says the one thing that stands in the way of all this can be distilled down to one word:

“Tariffs, literally gutting the economy of the state and creating so much uncertainty. It’s going to take years and years. To wreck the economy, now the fourth-largest economy in the world, California,” said Newsom.

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This story was reported out of Oakland, Calif.

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California officials facing backlash in aftermath of Palisades fire one year later | Fox News Video

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California officials facing backlash in aftermath of Palisades fire one year later | Fox News Video


Pacific Palisades resident Rachel Darvish joined ‘Fox & Friends First’ to discuss how the deadly fire has continued to impact the community one year later and why California officials are still facing backlash for their handling of the disaster.



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California Rep. Doug LaMalfa has died at 65

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California Rep. Doug LaMalfa has died at 65


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California Rep. Doug LaMalfa has died at 65

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One Of California’s Wealthiest Suburbs In 2025 Has Small-Town Charm And A Fun Social Scene Outside LA – Islands

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One Of California’s Wealthiest Suburbs In 2025 Has Small-Town Charm And A Fun Social Scene Outside LA – Islands






Coto de Caza in Orange County, California, about an hour south of Los Angeles, may not be a household name. But viewers of “The Real Wives of Orange County” might recognize the wealthy, gated residential community as the former home base of the glitzy Bravo reality series. While stars of the show — currently in its 19th season — now live in other affluent areas, the imagery of Coto de Caza is still appealing for those contemplating a luxurious move. Coto boasts a private setting where high-profile celebrities, executives, and wealthy professionals live amid abundant open space, well-regarded schools, community events, a family-friendly atmosphere, and easy access to the county’s bounty. Indeed, in this well-to-do development of about 15,363 people, where the mean household income is $232,470 (more than double the state’s average), the most recent median list price of a single-family home was $2 million.  There are splashier compounds in Coto, including the late real estate mogul William Lyon’s home selling for $125 million, which includes 20 bathrooms.

These prices are a long way from the area’s humble origins of barley fields and grazing sheep, according to the Los Angeles Times. Once a private hunting lodge, the area’s first homes were built in 1975, eventually transforming into a 5,000-acre master-planned community with about 4,000 homes and condominiums. Nestled against the Cleveland National Forest and just east of the SR 241 toll road, Coto de Caza strives to offer residents not just a home, but a lifestyle. Recreation is never far with area baseball fields, basketball courts, volleyball courts, parks, and picnic areas. Outdoor pursuits continue at the adjacent Thomas F. Riley Wilderness Park, a 544-acre wildlife sanctuary filled with groves of Western Sycamores and Coast Live Oaks and five miles of trails for hiking, biking, and horseback riding.

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Golf and mingle

A big attraction to the development is the 36-hole Coto de Caza Golf & Racquet Club, a central hub offering youth summer camps for kids and social events like trivia nights, comedy nights, and brunch with Santa. A yearly social membership can cost $2,880 with $180 in monthly dues. A golf upgrade can hike the initiation fee up to $30,000 with $750 monthly dues. Joining the club is optional, but your monthly Homeowners Association (HOA) fees aren’t. Those range from $300 to $475, and cover 24-hour manned guard gates, daily patrols, and landscape maintenance of common areas. A cheaper ticket to fun is connecting with neighbors for poker nights, movie screenings, and monthly mixers. 

This is a neighborhood where you can stay put for your child’s entire education. Parents send their kids to top-notch schools, including Wagon Wheel Elementary, Las Flores Middle, and Tesoro High, in the Capistrano Unified School District, all within a short 2.5 to 5.5 mile drive away. Grocery shopping also is fairly close, about 10 minutes to Rancho Santa Margarita stores such as Ralph’s and Trader Joe’s. To really shop, like at Bloomingdale’s and Gucci, the Valhalla of retail — South Coast Plaza — and the vibrant arts city of Costa Mesa are just a 30-minute drive. Plus the glorious Pacific Ocean is about 17 miles away  in breath-taking Laguna Beach.

Coto de Caza’s charms are many. A few cons to keep in mind: With a location about 10 miles inland from Interstate 5, Coto de Caza is more remote so commutes may take longer; busy professionals need their shut-eye so nightlife peters out by 9pm; and wildfire risks mean finding insurance can be a challenge. For a buzzier locale, check out the iconic coastal escape of nearby Newport Beach.

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