Index: wp-includes/formatting.php
===================================================================
--- wp-includes/formatting.php	(revision 8153)
+++ wp-includes/formatting.php	(working copy)
@@ -17,11 +17,11 @@
 		$cockneyreplace = array("&#8217;tain&#8217;t","&#8217;twere","&#8217;twas","&#8217;tis","&#8217;twill","&#8217;til","&#8217;bout","&#8217;nuff","&#8217;round","&#8217;cause");
 	}
 
-	$static_characters = array_merge(array('---', ' -- ', '--', 'xn&#8211;', '...', '``', '\'s', '\'\'', ' (tm)'), $cockney);
-	$static_replacements = array_merge(array('&#8212;', ' &#8212; ', '&#8211;', 'xn--', '&#8230;', '&#8220;', '&#8217;s', '&#8221;', ' &#8482;'), $cockneyreplace);
+	$static_characters = array_merge(array('---', ' -- ', '--', 'xn&#8211;', '...', '``', '\'\'', ' (tm)'), $cockney);
+	$static_replacements = array_merge(array('&#8212;', ' &#8212; ', '&#8211;', 'xn--', '&#8230;', '&#8220;', '&#8221;', ' &#8482;'), $cockneyreplace);
 
-	$dynamic_characters = array('/\'(\d\d(?:&#8217;|\')?s)/', '/(\s|\A|")\'/', '/(\d+)"/', '/(\d+)\'/', '/(\S)\'([^\'\s])/', '/(\s|\A)"(?!\s)/', '/"(\s|\S|\Z)/', '/\'([\s.]|\Z)/', '/(\d+)x(\d+)/');
-	$dynamic_replacements = array('&#8217;$1','$1&#8216;', '$1&#8243;', '$1&#8242;', '$1&#8217;$2', '$1&#8220;$2', '&#8221;$1', '&#8217;$1', '$1&#215;$2');
+	$dynamic_characters = array('/\'(\d\d(?:&#8217;|\')?s)/', '/\'(\d+)/', '/(\s|\A|")\'/', '/(\d+)"/', '/(\d+)\'/', '/(\S)\'([^\'\s])/', '/(\s|\A)"(?!\s)/', '/"(\s|\S|\Z)/', '/\'([\s.]|\Z)/', '/(\d+)x(\d+)/');
+	$dynamic_replacements = array('&#8217;$1', '&#8217;$1', '$1&#8216;', '$1&#8243;', '$1&#8242;', '$1&#8217;$2', '$1&#8220;$2', '&#8221;$1', '&#8217;$1', '$1&#215;$2');
 
 	for ( $i = 0; $i < $stop; $i++ ) {
  		$curl = $textarr[$i];
