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Overall, I would say that Newsgroups are more likely to produce contacts and job-hunting information for academics or those in the Information Technology fields. If you are not in these areas, you may well do better to stay away from Usenet and stick with the other possibilities the Net has for you.
Not all ISPs (Internet Service Providers, come on, you should know these by now) will give you Usenet access, and not all ISPs give you access to all of the possible groups. But Google has archived a large number (they claim thirty-six thousand) of the available Newsgroups, and continues to do so. You can search and access these through your Web browser, regardless of whether or not your ISP allows you Usenet access.
Usenet group names look like this: alt.subject.subheading. If you look at the parts of the name, separated by dots (golly, we used to call those "periods"), you'll see that it's a hierarchy, meaning the name starts out generally descriptive and gets more precise as you read from left to right, just like a Website URL. With Usenet, they all start with a prefix, which gives you the general area - the very general area - of the group's subject of interest. There are thousands of hierarchies and group prefixes. Here are some of the more common ones: