On the Penrose Inequality
  We summarize results on the Penrose inequality bounding the ADM-mass or the Bondi mass in terms of the area of an outermost apparent horizon for asymptotically flat initial data of Einstein's equations. We first recall the proof, due to Geroch and to Jang and Wald, of monotonicity of the Geroch-Hawking mass under a smooth inverse mean curvature flow for data with non-negative Ricci scalar, which leads to a Penrose inequality if the apparent horizon is a minimal surface.We then sketch a proof of the Penrose inequality of Malec, Mars and Simon which holds for general horizons and for data satisfying the dominant energy condition, but imposes (in addition to smooth inverse mean curvature flow) suitable restrictions on the data on a spacelike surface. These conditions can, however, at least locally be fulfilled by a suitable choice of the initial surface in a given spacetime. Remarkably, they are also (formally) identical to ones employed earlier by Hayward in order to define a 2+1 foliation on null surfaces, with respect to which the Hawking mass is again monotonic. 
Edward Malec, Marc Mars, Walter Simon