Problems with Home Page

I would like on http://santacruzmediation.com/blog all posts to appear without "Posted on July 31, 2013 by Administrator" or "Posted in Home Page" In addition, I would like the first post / panel (the one in the image ) to look like this http://santacruzmediation.com/blog/home I currently have Front page display set to Your latest Poll . If I set it to static and define frontpage as http://santacruzmediation.com/blog/home then I do not know how I can create additional panels underneath the one with the image. What should I do Thanks