U.S. officials believe the North is preparing to test fire a medium-range "Musudan" missile.

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South Korean officials have also said the North is poised to test-fire a medium-range missile capable of reaching the American territory of Guam.

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So the test of the government's commitment to medium-term planning of public expenditure will come in the budget in March.

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If the negative momentum remains intact near and medium term, the bears could force a test of that zone during the first quarter.

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South Korean Defense Minister Kim Kwan-jin told a parliamentary committee in Seoul that the North has moved a medium-range missile to its East coast for an imminent test firing or military drill, according to the semi-official South Korean news agency Yonhap.

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There is probably no better place to look for the effects of industrial policy today than China, and it is to data on the performance of medium-sized and large Chinese companies between 1998 and 2007 that the economists turn to test their ideas.

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So the DMV Test is an inverse measure: the lower the minutes count, the worst the economy in the short to medium term.

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