When going without reading the news I notice a considerable improvement in general mood and I have far more time to spend doing this I'd really rather be doing anyway. I completely agree with Jacob above that this approach works fine until you are left incapable to respond to an event biting you "in the a$$". That said, I'm not convinced that consuming the sheer flood of news reported each day is going to help one foresee things coming down the road and respond in advance, not without an refined approach to filtering through the vast majority of news which is noise. I think the sweet spot lies somewhere in the middle; not drowning, but not entirely on the shore. I guess my query then is one of how to swim: what approaches are there to reading the news than can facilitate the insights it is supposed to bring, cutting through the noise?
There was a similar discussion over four years ago, but the main focus was on paper dailies over news sites, rather than what I think I am missing, which is an appropriate approach to reading the stuff.