This Sunday’s New York Times ran a piece titled ‘Overfeeding on Information’ about our obsession with the news, especially during such a closely contested presidential election and in the midst of an economic crisis.

The Times describes this compulsion for constant updates:

This explosion of information technology, when combined with an unusual confluence of dramatic — and ongoing — news events, has led many people to conclude that they have given their lives over to a news obsession. They find themselves taking breaks at work every 15 minutes to check the latest updates, and at the end of the day, taking laptops to bed. Then they pad through darkened homes in the predawn to check on the Asian markets.

Sociologist Eric Klinenberg is asked to weigh in on this trend…

ERIC KLINENBERG, a sociology professor at New York University, said people are unusually transfixed by news of the day because the economic crisis in particular seems to reach into every corner of their lives. Usually, he added, people can compartmentalize their lives into different spheres of activity, such as work, family and leisure. But now, “those spheres are collapsing into each other.”

And the news is not just consequential, but whipsaw-volatile. Financial markets swing hundreds of points within an hour; poll numbers shift. This means that news these days has an unbelievably short shelf life, news addicts said. If you haven’t checked the headlines in the last half-hour, the world may already have changed.

And commentary from a psychologist…

For others, information serves as social currency. Crises, like soap operas or sports teams, can provide a serial drama for people to talk about and bond over, said Kenneth J. Gergen, a senior research psychologist at Swarthmore College who studies technology and culture. “It gives us the stuff that keeps the community together,” he said. And for those whose social circles think of knowledge as power, having the latest information can also enhance status, Dr. Gergen said. “If you can just say what somebody said yesterday, that doesn’t do the trick,” he said.

Read the full story.