I'm a critic of the news media after too many experiences in which they got it all wrong about something I was involved with. But survival at w*rk included getting ahead of the news stories that affected my areas of responsibility. Nothing can ruin a morning like getting a call at 0600 from the boss asking, "have you seen this story?", quickly followed by, "what the hell were your people doing?" For those that haven't experienced this joyful experience - the correct answer is never: "I don't know anything about it". And you never want to hear, "why is it I heard about this from some reporter before I heard from you?"
Now that I no longer work in the 29-story puzzle palace downtown, when I occasionally run across one of those stories that would once ruin my day, I just cluck my tongue and think "looks like somebody's day is going to be interesting."
At the same time my interest in financial news has increased and I've had to learn how to apply filters to that topic. While working I could go years without paying attention to the markets. There were a couple of times that I went a year or more without even opening brokerage statements. Many crises came and went without my knowledge, and my only comment would be something, "looks like last July really sucked, but it's all better now".
The current economic, market, and political conditions are interesting as hell. Again I'm using interesting as in the old curse, "May you live in interesting times". But interesting times bring opportunities if you have the right mindset, some courage, and a decent bit of luck.
So I watch and read but have learned to maintain some emotional distance. And there have been occasions in the last few months in which I've backed away because the media madness was too much to deal with. But for the most part I really wish that this would all just go away and I could open up a brokerage statement in a few years and think, "Man, it looks like 2008 really sucked. But it's all better now".