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Our universe may exist inside a black hole. This may sound strange, but it could actually be the best explanation of how the universe began, and what we observe today. It's a theory that has been explored over the past few decades by a small group of physicists including myself.
Successful as it is, there are notable unsolved questions with the standard big bang theory, which suggests that the universe began as a seemingly impossible "singularity," an infinitely small point containing an infinitely high concentration of matter, expanding in size to what we observe today. The theory of inflation, a super-fast expansion of space proposed in recent decades, fills in many important details, such as why slight lumps in the concentration of matter in the early universe coalesced into large celestial bodies such as galaxies and clusters of galaxies.
The last question can potentially be investigated: since all stars and thus black holes rotate, our universe would have inherited the parent black hole’s axis of rotation as a "preferred direction." There is some recently reported evidence from surveys of over 15,000 galaxies that in one hemisphere of the universe more spiral galaxies are "left-handed", or rotating clockwise, while in the other hemisphere more are "right-handed", or rotating counterclockwise. In any case, I believe that including torsion in geometry of spacetime is a right step towards a successful theory of cosmology.