http://phys.org/news/2014-09-black-holes.html
"I'm still not over the shock," said Mersini-Houghton.
In 1974, Stephen Hawking used quantum mechanics to show that black holes emit radiation. Since then, scientists have detected fingerprints in the cosmos that are consistent with this radiation, identifying an ever-increasing list of the universe's black holes.
But now Mersini-Houghton describes an entirely new scenario. She and Hawking both agree that as a star collapses under its own gravity, it produces Hawking radiation. However, in her new work, Mersini-Houghton shows that by giving off this radiation, the star also sheds mass. So much so that as it shrinks it no longer has the density to become a black hole.
Before a black hole can form, the dying star swells one last time and then explodes. A singularity never forms and neither does an event horizon. The take home message of her work is clear: there is no such thing as a black hole.
The paper, which was recently submitted to ArXiv, an online repository of physics papers that is not peer-reviewed, offers exact numerical solutions to this problem and was done in collaboration with Harald Peiffer, an expert on numerical relativity at the University of Toronto.
Experimental evidence may one day provide physical proof as to whether or not black holes exist in the universe. But for now, Mersini-Houghton says the mathematics are conclusive.