They watched as Russia applied shock treatments to its state sector, sending the economy into a tailspin from which it is only beginning to recover.

CNN: The Revolution Continues

The machine let the E. coli multiply, mixed them with the DNA strands, and applied an electric shock to open up the bacterial cells and let the DNA get inside.

FORBES: Putting Evolution to Work

It seems highly likely, Mr Oswald's scepticism notwithstanding, that a surge of technological progress in America has indeed applied a significant positive supply shock to the economy (see article).

ECONOMIST: Oil and the new economy