Econintersect: The headlines screamed in January that Steven Hawking said black holes don't exist Except that is not what he said.
Here is what we had in What We Read Today 29 January 2014:
Stephen Hawking's new theory offers black hole escape (Jacob Aron, New Scientist) In the general theory of relativity and in quantum mechanics physicists find conflicting descriptions of black holes. Physicists have been arguing about the nature of black holes within this context for decades. Stephen Hawking has published a new note which, while it doesn't resolve the conflict, does provide an change in a position that he has held in debate. And when Hawking changes his mind it is an occasion of note. Click here for the complete note, "Information Preservation and Weather Forecasting for Black Holes". Scientific American author Zeeya Merali writes that Stephen Hawking says: "There are no black holes". Econintersect thinks that is an overstatement; Hawking says black holes may have properties different from traditional interpretations.
Watch this (a little hyper but quite understandable) short summary of what Steven Hawking actully said. It contains a lot more information than our 29 January comment.