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The recession hit Puerto Rico's already struggling economy hard. So the island, a U.S. territory that can make its own tax laws, is pitching an attractive offer to the wealthy: Move to this warm, tropical isle and live virtually tax-free.

In terms of Puerto Rican Day parades, New York City's event still takes the cake with its millions of parade watchers. Despite a steady population drop, the city is still home to the largest Puerto Rican community in the United States — and you'll find it by the flags.

The Dominican Republic and Puerto Rico will face off in tonight's championship game. Both teams distinguished themselves throughout the tournament, not only with great baseball, but great fun-loving, hip-swaying and plantain-waving passion, as well.

Puerto Rico has qualified for Tuesday's championship game. The Dominican Republican and the Netherlands are playing Monday for the other spot in the final game. The classic may not be generating a lot of interest among U.S. fans, but some very good baseball is being played.

In a tropical spot like Puerto Rico, you'd think a person would practically be stumbling over exotic fruits and fresh fish. Not so much. Blame global economics.

The legendary rapper is responsible for some of Latin hip-hop's most danceable music. His lyrics also advocate for the Puerto Rican independence movement.

Puerto Rico's per capita murder rate is six times that of the U.S. as a whole. And with violence escalating, many residents are fleeing to the mainland. Still others hope to turn their home around.

With the highest unemployment rate in the U.S. and a mountain of debt, the island is facing a declining population. But those who stay insist they're there for the long haul.

Life in Puerto Rico is tougher than ever. The U.S. territory — popularly known as "the island of enchantment" — faces a decaying economy and escalating violent crime rate. Many residents are leaving the island in record numbers and embracing the mainland as home.

An electric scooter incentive and a credit to Hollywood to encourage U.S.-based movie and television productions are among some of the more obscure breaks in the fiscal cliff deal.