I'm having the same issue in regard to the paragraph formatting.
The spaces between paragraphs are displayed when editing,
and the <p> tags are present when viewed in text mode.
However the spaces between paragraphs are somehow removed when viewing a live page, even though the <p> tags are still present when viewing source code.
When switching to a non TT theme such as 2012 the spaces between paragraphs appear as expected. I can't upload the fourth pic, but here's a url which shows the same page when switched to 2012 Theme -
Any ideas? Using latest Wordpress 4.0.1. I have another TT theme working fine on another account on the same server, so can't see what has gone wrong?Edit-view.jpgText-view.jpgTT-Theme-view.jpg