That should get the list aligned the same in both Firefox and IE. You'll probably need to add back a little to either the margin or the padding (one or the other, but not both) to have things align where you want.
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Because of the differences in the way the browsers handle list bullets (well MOSTLY IE), it would probably be easier to set your orange arrow as BACKGROUND on the <li> or <a>, then you can use padding to push the text over. Just set the background to no-repeat and it'll stay over to the left.
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