Steven Hawking Loses Bet On Black Holes?

st1d writes "Looks like Steven Hawking might have to pay up on an old bet regarding black holes - seems his idea about them destroying information wasn't quite living up to his expectations: 'The about-turn might cost Hawking, a physicist at the University of Cambridge, an encyclopaedia because of a bet he made in 1997. More importantly, it might solve one of the long-standing puzzles in modern physics.' He's due to make a formal announcement July 21."