Posts and Static Pages Combined

I a recent program I was able to have my static page appear below the most recent post on my site. This was achieved by centerblock commands
1. Entire Page
2. Below Feature Post
3. At bottom of page.
This would be a pretty decent feature to have with word press and WPMU. I am now a user of both programs for web building. I am curious to know if there is a way to achieve the aforementioned statement. To have posts show up at the top of a static page. The sites that I do host I can choose to have their latest posts show up on different static pages as a feature story. Or a friends blog posts could be added as well. Does anyone have any ideas.
Cheers
P
AM Fresh https://amfresh.ca