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Apple’s invitation to journalists for an event Tuesday that is expected to result in the introduction of the iPad3.

Apple unveiled the third generation of its popular iPad tablet computer Wednesday, with a host of upgraded features including 4G, or LTE, compatibility, a high-resolution display and a quad-core processor far superior to competitors.

In an event at the Yerba Buena Center for the Arts in San Francisco, Apple CEO Tim Cook and other executives announced the anticipated new gadget, along with two other offerings: a universal iPhoto app and a new Apple TV set-top box.

The star of the show, however, was the new iPad, which was not christened with an official name, as executives alternately referred to it as the third-generation iPad and the new iPad.

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I noticed an interesting phenomenon the other day on a 200 mile drive back from the Oregon coast to Seattle that I would like to share with you and then discuss the potential implications for innovation success.

Now let me first say that I am not a trained human psychologist, but I am a student of human behavior, and I believe that if we watch and listen in other contexts, we can learn amazing things about human behavior that have profound implications for the innovation context.

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Miller Group has gained the firepower to grow the business, its chief executive said yesterday, after the Edinburgh-based housebuilding and construction firm completed a major refinancing deal.

Keith Miller said the funding agreement, which was first outlined in December, will make US private equity giant Blackstone the biggest shareholder in the business.

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WASHINGTON — Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.

So where’s the gain?

Far from falling, debt burdens are rising fastest in European countries that have enacted the most draconian austerity programs, according to The Associated Press’ Global Economy Tracker, which monitors the performance of 30 major economies.

The numbers back up what many analysts say: Austerity isn’t just painful. It can be counterproductive and even make a country’s debt load grow.

Many fear the cutbacks will cause Europe to sink into a self-defeating spiral: Higher debt leads to harsher austerity, growing social instability and deeper economic problems. Governments could find it even harder to pay their bills.

The pain is already intense.

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George Osborne should use next month’s budget to further coax cash-rich big business into investment mode while at the same time ensuring credit is reaching smaller firms, many of which are struggling, according to Britain’s leading employers’ lobby group.

“In the context of constrained government and household spending, economic growth in 2012 and beyond must be driven by the private sector,” said John Cridland, director-general of the Confederation of British Industry in a letter to the Treasury. “In particular, corporate balance sheets hold the potential for much stronger private sector investment, but business confidence remains weak.”

Cridland broadly endorsed a raft of pro-business proposals from the chancellor set out in his autumn statement last year and his budget last March.

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