Singularities in string theory
  String theory is a quantum theory that reproduces the results of General Relativity at long distances but is completely different at short distances. Mathematically, string theory is based on a very new -- and little understood -- framework for geometry that reduces to ordinary differential geometry when the curvature is asymptotically small. In the 1990's, many interesting results were obtained about the behavior of string theory in spacetimes that develop singularities. In many cases, the physics at the singularity is governed by an effective Lagrangian constructed using an interesting bit of classical geometry such as the association of A-D-E groups with certain hypersurface singularities or the ADHM construction of instantons. In other examples, the physics at the singularity cannot be described in classical terms but involves a non-Gaussian conformal field theory. 
Edward Witten