<?php if ( is_home() ) { ?>
<?php $my_query = new WP_Query('posts_per_page=1');
  while ($my_query->have_posts()) : $my_query->the_post();
  $do_not_duplicate = $post->ID;?>
    <h1 class="post-title">
<a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>">
<?php the_title(); ?></a></h1>
<small><?php the_time('F jS, Y') ?> <!-- by <?php the_author() ?> --> | Category: <?php the_category(', ') ?></small>
<?php the_content(); ?>
<div class="read-more"><a href="<?php echo get_permalink(); ?>">Permalink</a></div>
  <?php endwhile; ?>
  <?php if (have_posts()) : while (have_posts()) : the_post();
  if( $post->ID == $do_not_duplicate ) continue; ?>
<h1 class="post-title">
<a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>">
<?php the_title(); ?></a></h1>
<small><?php the_time('F jS, Y') ?> <!-- by <?php the_author() ?> --> | Category: <?php the_category(', ') ?></small>
<?php the_excerpt(); ?>
<div class="read-more"><a href="<?php echo get_permalink(); ?>">Read the Full Article</a></div>
  <?php endwhile; endif; ?>
<?php } else { ?>
<?php if (have_posts()) : while (have_posts()) : the_post();
  if( $post->ID == $do_not_duplicate ) continue; ?>
<h1 class="post-title">
<a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>">
<?php the_title(); ?></a></h1>
<small><?php the_time('F jS, Y') ?> <!-- by <?php the_author() ?> --> | Category: <?php the_category(', ') ?></small>
<?php the_excerpt(); ?>
<div class="read-more"><a href="<?php echo get_permalink(); ?>">Read the Full Article</a></div>
<?php endwhile; endif; ?>
<?php } ?>