Queensland has been dealing with floods for a few weeks; but as the Premier Anna Bligh put it, they've just had their 'darkest hour' as a massive wall of water swept through Toowoomba.
http://www.theage.com.au/environment/weather/at-least-eight-dead-72-missing-as-inland-tsunami-hits-queensland-towns-20110111-19ldz.htmlThe video is worth checking out.
Just to put it in to context, an area the size of France, Germany and Switzerland has been inundated, and up to a depth of 16m. The death toll is fortunately in the low-double digits; the economic cost is in the billions nearing trillions.
And the water is hanging around for at least a fortnight more.