loop

<?php if ( have_posts() ) : ?>
            <?php global $post; ?>
<?php while( have_posts() ) : the_post(); ?>
<?php if( $wp_query->current_post == 0 ) : //latest post// ?>
<div class="post" id="post-<?php the_ID(); ?>">
<?php the_post_thumbnail(); ?>
<h1 class="posttitle"><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>"><?php the_title(); ?></a></h1>
<div class="postmeta">Posted in <?php the_category(', ') ?> | <?php edit_post_link('Edit', '', ' | '); ?>  </div>

<div class="entry">
<?php the_content('<span>Read on &raquo;</span>'); ?>
<!-- AddThis Button BEGIN -->
<div class="addthis_toolbox addthis_default_style addthis_32x32_style">
<a class="addthis_button_preferred_1"></a>
<a class="addthis_button_preferred_2"></a>
<a class="addthis_button_preferred_3"></a>
<a class="addthis_button_preferred_4"></a>
<a class="addthis_button_compact"></a>
<a class="addthis_counter addthis_bubble_style"></a>
</div>
<script type="text/javascript">var addthis_config = {"data_track_addressbar":true};</script>
<script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-5124ed6b2f85e2eb"></script>
<!-- AddThis Button END --> <?php comments_popup_link('No Comments', 'Comment (1)', 'Comments (%)'); ?>
</div>
</div>
<?php else : //all other posts// ?>

<div id="blog-excerpt">
<?php the_post_thumbnail(); ?>
<h1 class="posttitle"><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>"><?php the_title(); ?></a></h1>
<div class="entry">
<?php the_excerpt('<span>Read on &raquo;</span>'); ?>
</div>
<div class="postmeta">Posted in <?php the_category(', ') ?> | <?php edit_post_link('Edit', '', ' | '); ?>  <!-- AddThis Button BEGIN -->
<div class="addthis_toolbox addthis_default_style addthis_32x32_style">
<a class="addthis_button_preferred_1"></a>
<a class="addthis_button_preferred_2"></a>
<a class="addthis_button_preferred_3"></a>
<a class="addthis_button_preferred_4"></a>
<a class="addthis_button_compact"></a>
<a class="addthis_counter addthis_bubble_style"></a>
</div>
<script type="text/javascript">var addthis_config = {"data_track_addressbar":true};</script>
<script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-5124ed6b2f85e2eb"></script>
<!-- AddThis Button END --><?php comments_popup_link('No Comments', 'Comment (1)', 'Comments (%)'); ?></div>
</div>
<?php endif; //ends the 'if( $wp_query->current_post == 0 )' statement// ?>

<?php endwhile; ?>

            <div class="navigation">
                    <div id="next-ent"><?php next_posts_link('&laquo; Previous Entries') ?></div>
                    <div id="prev-ent"><?php previous_posts_link('Next Entries &raquo;') ?></div>
                </div>

            </article><!-- #post-0 -->

        <?php endif; // end have_posts() check ?>

        </div><!-- #content -->