An earthquake with a magnitude of 8.9 has struck the coast of Indonesia, creating the inevitable Tsunamis ("tidal waves") which have struck the coasts of Sri Lanka, Thailand, the Maldives... well most of SE Asia actually.
At least 500 people have been killed (and that number will probably rise pretty sharply) and huge numbers of people have been made homeless.
Here's the post that started this thread. Who knew at the time that this was actually an optimistic way to put it.
I'm giving the $600 I saved on auto insurance for getting a 3.0 or better grade point average.