If your just getting started I recommend using sponsors content and writing things up on your own. If you want to be more efficient, plug in feeds to the blog and it will auto generate for you.
Yes - Usually a sponsor will provide you with free RSS feeds to rip, or promotional text that can be used, but most people would probably say that writing your own content is the way to go, because search engines tend to favour sites with unique content over cloned content from other sites.
Same here, at the beginning I used rss feeds for my site, now a days I write small pieces of text for myself and slowly see traffic coming my way. Another smart thing to do is:
1 main blog for which you write text yourself, and a couple of fake blogs who are auto fed with rss feeds and who have links to your page at the top or so.
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