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Magic and Loss is a concept album by Lou Reed, released in 1992. It was his sixteenth album. It was informed by the illnesses and deaths of two close friends: songwriter Doc Pomus, who gave Reed his start in the music business, and a woman known only as Rita. (Some have assumed this to be Rotten Rita, who--along with Reed--was a familiar figure at Andy Warhol’s Factory in the mid-to-late ‘60s. However, Rotten Rita name Kenneth Rapp was a man.) Photos of Pomus and Rita can be seen at the center of the lyric booklet included with the CD. A live performance filmed on March 18, 1992 at Pinewood studios in London was released on VHS and LD. “What’s Good” was Reed’s second #1 hit (after “Dirty Blvd.“) on the Billboard Modern Rock Tracks chart, occupying the top spot for three... Read on...