Bono continues to try to harness the wild horse of capitalism to raise money for the world's poor. RedWire.com, a new online music magazine, is the latest aspect of the ongoing campaign. The site launched on World Aids Day with help from U2, Jay Z, Elvis Costello, Coldplay, John Legend and more, who all lend video content to the cause.

Death Cab for Cutie and Jenny Lewis (with a version of ("Acid Tounge") represent the music scene's new guard. The site's goal is to deliver music content via a subscription model to raise money with subscribers being offered updates on how their money is being spent in an effort to combat AIDS in Africa.

U2 offers up "I believe in Father Christmas" which can be seen here. The Edge stands out in the track with stellar guitar work that show's he's still on top of his game and continuing to innovate, which will prime U2 fans for their new album set for a 2009 release.

Labels: Coldplay, Death Cab, Jay-Z, PoPolicy, U2