Stephen Hawking claimed in lecture at KTH in Stockholm last week (watch the lecture here and check this announcement) that he had solved the "black hole information problem":

*The information is not stored in the interior of the black hole as one might expect, but in its boundary — the event horizon,” he said. Working with Cambridge Professor Malcolm Perry (who spoke afterward) and Harvard Professor Andrew Stromberg, Hawking formulated the idea hat information is stored in the form of what are known as super translations.*

The problem arises because quantum mechanics is viewed to be reversible, because the mathematical equations supposedly describing atomic physics formally are time reversible: a solution proceeding in forward time from an initial to a final state, can also be viewed as a solution in backward time from the earlier final state to the initial state. The information encoded in the initial state can thus, according to this formal argument, be recovered and thus is never lost. On the other hand a black hole is supposed to swallow and completely destroy anything it reaches and thus it appears that a black hole violates the postulated time reversibility of quantum mechanics and non-destruction of information.

Hawking's solution to this apparent paradox, is to claim that after all a black hole does not destroy information completely but "stores it on the boundary of the event horizon". Hawking thus "solves" the paradox by maintaining non-destruction of information and giving up complete black hole destruction of information.

The question Hawking seeks to answer is the same as the fundamental problem of classical physics which triggered the development of modern physics in the late 19th century with Boltzmann's "proof" of the 2nd law of thermodynamics: Newton's equations describing thermodynamics are formally reversible, but the 2nd law of thermodynamics states that real physics is not always reversible: Information can be inevitably lost as a system evolves towards thermodynamical equilibrium and then cannot be recovered. Time has a direction forward and cannot be reversed.

Boltzmann's "proof" was based an argument that things that do happen do that because they are "more probable" than things which do not happen. This deep insight opened the new physics of statistical mechanics from which quantum borrowed its statistical interpretation.

I have presented a different new resolution of the apparent paradox of irrreversible macrophysics based on reversible microphysics by viewing physics as analog computation with finite precision, on both macro- and microscales. A spin-off of this idea is a new resolution of d'Alemberts's paradox and a new theory of flight to be published shortly.

The basic idea here is thus to replace the formal infinite precision of both classical and quantum mechanics, which leads to paradoxes without satisfactory solution, with realistic finite precision which allows the paradoxes to be resolved in a natural way without resort to unphysical statistics. See the listed categories for lots of information about this novel idea.

The result is that reversible infinite precision quantum mechanics is fiction without physical realization, and that irreversible finite precision quantum mechanics can be real physics and in this world of real physics information is irreversibly lost all the time even in the atomic world. Hawking's resolution is not convincing.