This morning, Tampa resident Sandy Burnham lost her 1995 Toyota Camry to a sinkhole that opened up beneath her parking space in Bordeaux Village Condominium complex. Watch her tell the harrowing story below.

BP is hot today! Shares in the company are up over 5% in early London trading amid reports that the well cap in the Gulf is working and that another responsible company, ExxonMobil, is planning a hostile takeover. Pic: AP

Haiti's recovery is "paralyzed" due to corruption and land disputes, 6 months after the earthquake.

Oil spill update! BP's awesomeness continues: The company has decided to reduce the payments to around 40,000 "individuals whose claims files were incomplete." But rest easy... BP is also fitting a new well cap and is claiming "progress."

Analysts predicted that it would only be a matter of time before oil from the Gulf spill would make its way up the east coast. On Thursday locals at Crescent Beach, in northeast Florida, found tar balls on the shore.

Why remove the oil beneath the sand along Gulf beaches when you can just let it sit there forever? It's not hurting anyone. That's the thinking of some "experts," at least. What you can't see won't hurt you!

Here is some unequivocally good news: The AP reports that New York's power grid is holding up "...So Far." Direct quote! Plus, "electricity demand typically jumps between 5 and 6 o'clock." That's, let's see...now! Everything's fine...so far. [Pic via]

Courtney Love has made a late career out of being an incoherent mess, but it sounds like she turned up the crazy to 11 at a concert she gave last night in Washington D.C. Damn, I wish I was there.

"Large patches" of crude from the BP oil spill today reached the Mississippi coast for the first time, hitting beaches 10 miles from Biloxi. State Department of Environmental Quality: "We can't do anything because [BP has] all the money." [Reuters]

Tropical Storm Alex, currently hitting Mexico and Belize, "should have a very minimal effect on the cleanup" in the Gulf, says an oil industry weatherperson.

Shares in BP dropped to a 14 year low today on the London FTSE after the company announced that it had already spent $2.35 billion on the Gulf oil spill. Most of that money was spent on cleanup crews. [Guardian]

Remember Elvira Grau from Monday night's episode of Real Housewives of New Jersey? She was the mean but extremely talented (colored lights on the outside of the house? Rococohhh) party planner who is claiming to be the new cast member.

"Don't bother going to a voodoo priest. He can't help you. Don't bother calling Obama. He can't help you, either. Just give us money, or we will kill the girl."—Haitian rapist/ kidnappers' demands. Life's really not fair. [NYT]

A 5.0 magnitude earthquake hit Toronto, Ontario this afternoon. No injuries or damage have been reported.

In this mesmerizing new video by Justin Johnson, a split screen tracking shot down Market Street in San Francisco shows what things looked like both before and after the Great Earthquake of 1906—putting the damage into grim perspective.

If Twitter seems completely unworkable this morning, blame the U.S.'s World Cup victory over Algeria, the celebration of which has overwhelmed the microblogging service. This Algerian terror strike against the U.S. economy must be avenged, obviously. Cruise missile strike, anyone?

1,000 people are missing in flooding in Brazil, with another 100,000 made homeless.

The president of Transocean Ltd, owner of the leaky Deepwater Horizon oil rig, Steven Newman said today that Obama's "arbitrary six-month time limit" on new offshore oil drilling should be lifted, because companies like his are responsible, honest and competent.

BP is setting up a $50 billion fund to pay for the Gulf oil spill, according to unnamed sources in London's Sunday Times. $10 billion would come from a bond sale, and $20 billion each from banks and asset sales.

Stressed out BP CEO Tony Hayward is wasting no time getting his life back. Today he is enjoying the pristine waters off the Isle of Wight for a yacht race, where his boat "Bob" is competing.