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Yeah totally agree with that. I do work in a customer facing job so as a result hear all that stuff word of mouth. I also really enjoy hearing all the different perspectives of the same stories too.
If you see enough people on a daily basis you always have an engrained long range weather forecast which is helpful.
Most (mine definitely) local news websites are too offensively AD covered for me to engage anyway.
National and international news, largely agree. Local news, not so much. It's important to know broadly what is going on around your immediate physical locality. That said I guess you can get a fair bit of it from talking to people. But that is Madness!