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Tonight on 'Nightline'

Sept. 19, 2008

Short Sell Scapegoat?

As markets around the world rose and fell during a volatile financial week, it's a phrase you heard again and again: short selling. It involves making money off of something you don't own. It's not illegal, but can be risky -- and profitable. And today, the SEC put an 10-day ban, effective immediately, on short selling shares of 799 financial institutions. It's an unprecedented move that the SEC took to help shore up confidence in the markets. British regulators have also banned the practice for another 29 London-based companies. Our Nick Watt takes a closer look at the the short sell bans.

To Drill or Not to Drill

That's the question residents in Maine may soon face as Congress considers lifting a ban on drilling for oil along George's Bank off the state's rocky coastline. For a place where winters are cold and home heating oil prices can sting, it's a question with a particular relevance. But Maine is also known for its natural beauty and marine life that drives a large portion of its economy. "Nightline" co-anchor Cynthia McFadden was on a lobster boat in her home state to see what Mainers think.

Tapping In

Would you like bottled water or tap? How about both? That's sort of the idea one New Yorker is trying to cash in on. Drawing from the city's reserves, Craig Zucker is bottling tap water and selling it for profit. It's a business plan that's tonight's Sign of the Times. We hope you'll join us.

The "Nightline" team

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