My site is on a PrimeTime template, but that forum is closed. My site is
trinityklein.org/. 
; View the site in IE7 and wait for the second newsflash to rotate in (Praise Team). The graphic is partially obscured by a white "block". In IE6 and FF, the graphic is fully displayed.
I have tried changing the graphic, converting it from JPG to PNG and other steps. This has happened a couple times before, but not every time.
The content was originally created by an auhtor who pasted from Word. (I use JCE so this was using the JCE paste from Word function.) After the text was added, the picture was inserted.
So I cleared everything and just pasted the image with "plain" text. Behold! All is fine!