NORTH ADAMS, Mass. — McCann Technical School hopes to have lights installed on the football field for the upcoming season.
"Friday night lights," School Committee member William Diamond joked at the committee's meeting Thursday after Superintendent James Brosnan said lights are finally coming to the school's athletic complex.
When Williams College renovated Weston Field, it donated the old lights and components to McCann. Brosnan said the project has been in the works some eight years.
He said contractor Musco Lighting went through the lighting components and that "everything is still viable and operational. Everything is ready to go."
The initial work to install the equipment is slated to cost $223,750, an amount the School Committee voted to allocate that night.
Brosnan said he anticipates returning to the school committee to ask for more funds to finish up the project.
Member Bruce Shepley noted that the school has been saving for years to accommodate the project.
Member Daniel Maloney Jr. agreed and thanked committee members past such as Thomas Mahar, who helped spearhead the project.
"It seems like a new project, but this is something the School Committee has been involved in and something we have been encouraging," he said. "We have first-class programming here at McCann and our students deserve to have the same when it comes to facilities."
Brosnan thanked Williams College for the donation and said it was an emotional moment to finally be able to light up the field.
"We are the only school in Berkshire County who do not have lights on our football field so we can play Friday night," he said. "Our students work on the weekends and their parents work on the weekends so they can't always attend games."
In other business, Principal Justin Kratz said early interest shows that McCann can expect an incoming freshmen class of around 150 students.
"It is a fantastic testimony to all of the teachers and guidance counselors that make this such a great school," he said. "Kids want to come here and we are excited to have a very robust freshmen class at the door."
The last freshmen class was around 130 students.
Continuing with the incoming class, Kratz indicated that 81 percent of students were to be placed in their first choice shop. Twelve percent of students were placed in their second choice shop.
Kratz said students were able to thoroughly explore all shops.
Shepley brought attention to the practical nursing program students who have helped administer COVID-19 vaccinations in the city.
"It continues to shine and does an outstanding job at the vaccination clinics," he said. "They are a welcomed, high profile, energetic, well-received group."
Brosnan said he was happy to spread the word along to the instructors.
"It is part of the training that they get. They passed that piece before they go there," he said. "Over a 1,000 in one day. They are the ones that administer them, and I think they got a great deal of learning out of that and at the same time made a very helpful move."
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What should you expect from your investments?
Submitted by Edward Jones
To help achieve your financial goals, you may need to invest in the financial markets throughout your life. However, at times your investment expectations may differ from actual returns, triggering a variety of emotions. So, what are reasonable expectations to have about your investments?
Ideally, you hope that your investment portfolio will eventually help you meet your goals, both your short-term ones, such as a cross-country vacation, and the long-term ones, such as a comfortable retirement. But your expectations may be affected by several factors, including the following:
Misunderstanding – Various factors in the economy and the financial markets trigger different reactions in different types of investments — so you should expect different results. When you own stocks, you can generally expect greater price volatility in the short term. Over time, though, the "up" and "down" years tend to average out. When you own bonds, you can expect less volatility than individual stocks, but that’s not to say that bond prices never change. Generally, when interest rates rise, you can anticipate that the value of your existing, lower-paying bonds may decrease, and when rates fall, the value of your bonds may increase.
Recency bias – Investors exhibit "recency bias" when they place too much emphasis on recent events in the financial markets, expecting that those same events will happen again. But these expectations can lead to negative behavior. For example, in 2018, the Dow Jones Industrial Average fell almost 6percent – so investors subject to recency bias might have concluded it was best to stay out of the markets for a while. But the Dow jumped more than 22percent the very next year. Of course, the reverse can also be true: In 2021, the Dow rose almost 19 percent , so investors who might have been susceptible to recency bias may have thought they were in for more big gains right away — but in 2022, the Dow fell almost 9percent . Here’s the bottom line: Recency bias may cloud your expectations about your investments’ performance — and it’s essentially impossible to predict accurately what will happen to the financial markets in any given year.
Anchoring – Another type of investment behavior is known as "anchoring" — an excessive reliance on your original conviction in an investment. So, for instance, if you bought stock in a company you thought had great prospects, you might want to keep your shares year after year, even after evidence emerges that the company has real risks — for example, poor management, or its products could become outdated, or it could be part of an industry that’s in decline. But if you stick with your initial belief that the company will inevitably do well, and you’re not open to new sources of information about this investment, your expectations may never be met.
In many areas of life, reality may differ from our expectations — and that can certainly be true for our investments. Being familiar with the factors that can shape your expectations can help you maintain a realistic outlook about your investments