That's pretty much it, it's also about being able to understand the angle from what I remember.
Ken, it's a very handy ability to have, especially when you're reading the newspaper, or watching Faux "News", knowing who the audience is they are playing to, and being able to understand/read between the lines in regards to the wording can be extremely useful in enabling you to get to the facts rather than the hyperbole.
It's especially useful if you're reading something that might be a bit older than your current generation.
For example it can also make some books much more enjoyable, by honing your ability to think about what you're reading (some authors for example might have hidden jokes/references that can add to the fun of reading the book), in the case of older books by helping you to understand that something was not talked about openly at the time, so the use of certain words or phrases in a particular context can be extremely important in understanding what is being said.
Okay, but if people never do that?
I never ever read a book unless I have to for school, I hate reading books and get bored after half a page usually. I don't read newspapers, I always stream the news from news sites on the internet.
I'm not interested in any of those ability's, I just want my time back and more practice on more serious matters, I'm still a bit unknown as to how to make a good CV, while I want to learn how to make a good one, as I need some cash...
Making money > Enjoying or understanding reading the news, or a book...