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Update: The Edge Talks Rock Auction, New U2 Album

March 29, 2007 5:08 PM ET

U2's one and only guitarist the Edge spoke to our Evan Serpick about the latest fund-raising initiative of his Music Rising organization. On April 21st, top-notch music memorabilia from John Lennon's glasses to Janis Joplin's love letters to Elvis Presley's recording contract will go on the block at New York's Hard Rock Cafe, with proceeds going to aid musicians affected by the aftermath of hurricanes Katrina and Rita. "I've been amazed at how generous people have been," says the guitarist, who created the fund in 2005 with Bob Ezrin and Gibson CEO Henry Juszkiewicz. He knows whereof he speaks: He'll be putting own cream 1975 Gibson Les Paul (which he bought during the Joshua Tree sessions in New York and has played on every U2 tour since Achtung Baby) up for sale. "It was one of those guitars that had songs in it. It's a very well-used, well-loved instrument. I'll miss it."

The guitarist also confirms that U2 are in the midst of recording a new album. "We're working on new songs and getting lost in the music," he says. "I don't think we're going to try and think too much about what weâ're going to do with it yet, we're just going to do a lot of writing and just see what gives. We're giving ourselves the luxury of just working on the songs. There's some amazing things coming through." He calls the material the group's been working on with producer Rick Rubin "fascinating stuff." When asked whether the band will team up again with longtime collaborators Daniel Lanois and Brian Eno, he merely laughs: "You might be surprised how quickly that happens."

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Song Stories

“Money For Nothing”

Dire Straits | 1984

Mark Knopfler wrote this song with Sting, and it wasn’t without controversy. The Dire Straits frontman's original lyric used the word “faggot” to describe a singer who got their “money for nothing and their chicks for free.” Even though the slur was edited out in many versions, the band, and Knopfler, still took plenty of criticism for the term. “I got an objection from the editor of a gay newspaper in London--he actually said it was below the belt,” Knopfler told Rolling Stone. Still, "Money For Nothing," undoubtedly augmented by its innovative early computer-animated video, stayed at Number One for three weeks.

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