Blogger Update
If you have come to your senses and use Firefox, the “patch” that Blogger provided doesn’t work. Firefox adheres strictly to standards while IE is extremely loose in its interpretation of tags.
The latest problem occurred as a result of changes made to accommodate the new graphics features and has more of an impact on older templates, i.e. it is not backwards compatible.
Those who insert their own html tags are less affected than those who insert tags using the Blogger editor.
Jack at Grumpy Forester solved his problem by shifting to a new template, but be sure to save a copy of your old template if you decide to try it.