A Good Week for ... , February 17, 2013
The Hong Kong Jockey Club
The Jockey Club's Lunar New Year celebration smashed all records for the occasion as crowds packed Sha Tin racecourse on Tuesday. Both the day's attendance of just under 119,000 - including almost 7,000 at the Happy Valley cross-betting outlet - and total bets of HK$1.526 billion, including the Jockey Challenge, were the highest on record, with the government receiving HK$174 million in duty for the day's action.
Pope Gregory XII
Having been dead for almost 600 years, the late pontiff is unlikely to appreciate it, but Pope Benedict's decision to stand down means Gregory is no longer in the history books as the last pope to quit. The only other popes to have formally quit were Benedict IX, who sold the papacy to his godfather in 1045, and Saint Celestine V, a hermit who relinquished the Vatican keys after just five months in 1294.
The legendary investor must employ a few bean counters - and they will have been working overtime to deal with his latest megadeal. The "Sage of Omaha", along with a group of Brazilian investors, bought baked beans-to-ketchup maker HJ Heinz in a US$28 billion deal, which included taking on about US$5 billion of debt.