Here is some good news (at least it seems to be good news). From Dr. Masters, Weather Underground:

"significant shift is occurring in the Equatorial waters of the Eastern Pacific off the coast of South America, where the tell-tale signs of the end to the current La Ni�a event are beginning to show up. A borderline moderate/strong La Ni�a event has been underway since last summer, with sea surface temperatures (SSTs) about 1.5�C below average over a wide stretch of the Equatorial Pacific. These cool SSTs have altered the course of the jet stream and have had major impacts on the global atmosphere. The La Ni�a has been partially responsible for some of the extreme flooding events in recent months, such as the floods in Australia, Sri Lanka, and Colombia. La Ni�a is also largely to blame for the expanding drought over the southern states of the U.S. But in the last few weeks, SSTs in the Equatorial Pacific have undergone a modest warm-up, and these temperatures are now about 1.2�C below average. A region of above-average warmth has appeared immediately adjacent to the coast of South America--often a harbinger of the end to a La Ni�a event. An animation of SSTs since late November shows this developing warm tongue nicely. Springtime is the most common time for a La Ni�a event to end; since 1950, half of all La Ni�as ended in March, April, or May. The weakness displayed by the current La Ni�a event has prompted NOAA's Climate Predictions Center to give a 50% chance that La Ni�a will be gone by June. If La Ni�a does rapidly wane, this should help reduce the chances for a continuation of the period of high-impact floods and droughts that have the affected the world in recent months."

To read the entire story, see La Ni�a Over?