Rounded edges in the buttons and badges shows rectangle in IE 8. I am using bootstrap button and badges. Is there a fix to this. Anybody running into similar issue?

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There is no proper fix, IE8 and below (later versions should support roundec corners) simply do not support the
border-radiusCSS3 property so you get a rectangle on certain elements instead of rounded ones. A couple of things you can try is including a .HTC script file that emulates such effects in older versions of IE, such as the IE-CSS3 project or (the more complete i believe) CSS3Pie.