This won 2000 Grammys for Song of the Year, Record of the Year, and Best Rock Performance By Duo Or Group. The album was released after the 2000 cutoff date and was not eligible for awards, but this was because it was released as a single before the date. The next year, U2 won four more Grammys.
The lyrics were inspired by Bono's experience with Jubilee 2000, a benefit urging politicians to drop the Third World Debt. Bono describes the song as about "a man who has lost everything, but finds joy in what he still has."
