Nicki Minaj Suffers Nip Slip During GMA Gig Nicki had some trouble keeping her Minaj in check today Wardrobe Malfunction

Nicki had some trouble keeping her Minaj in check today.

The high-powered rapper made the mistake of performing in a low-powered bra on Good Morning America, which, despiting airing on a five-second delay, failed to bleep her boob in time to keep if off the air.

We're betting this wasn't what she had in mind when she wrote Pink Friday.

While the 28-year-old Minaj initially looked a bit flustered, she managed to pull her shirt back up and continue on through a set that included "Moment 4 Life" and "Super Bass."

And she happily tweeted about the show afterward: "I love u Team Minaj! Words could never do this love justice! Thank u@Gma!!!! Honored."

ABC, meanwhile, quickly issued a mea culpa for its slow-triggered censors.

MORE: How Much Did Nicki Minaj's Criminally Potty Mouth Cost Her?
"Although we had a five-second delay in place for the Nicki Minaj concert on GMA, the live East Coast feed of the concert regrettably included certain fleeting images of the performer that were taken out of later feeds of the broadcast in other time zones. We are sorry that this occurred," a rep for the morning show tells E! News.

While it's doubtful to turn into the next Boobgate, the incident has sparked the ire of the conservative media watchdog, the Parents Television Council.

"For the umpteenth time in recent memory we have a morning news broadcast airing explicit content when millions of families are starting their day and are looking to get caught up on the news. With so many such instances, the network apologies are beyond hollow," PTC President Tim Winter tells E! "Today we call upon the executive producers of the Today Show, Good Morning America and the CBS Morning News programs to meet together and establish best practices to prevent these sucker-punch moments. If the networks are sincere about their apologies, they will work together to implement meaningful solutions."

Then again, Minaj's malfunction probably wasn't the most inappropriate content on this morning—perhaps the PTC folks missed that Roseanne for president segement on Today. Now that's truley scary.

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Preeti Jhangiani stirs up the tinsel town by appearing without essentials

Going daringly bare “down there” seems to be a shortcut many are taking to grab a slice of the starry pie. But does that really do the trick?

Remember Preeti Jhangiani, the actress who’s known for her one and only decent movie, Mohabbatein? She has shot into the limelight all of a sudden. The actress was caught exposing a li’l too much while promoting her recent movie, Sahi Dhandhe, Galat Bande, along with hubby Parvin Dabas. The other starlets who have born the same brunt of excessive and unsuitable exposure in the not too distant past are Shamita Shetty and Yana Gupta, to name just two. The crux of this matter is, whatever the reasons are for these unpleasant faux pas, whether it’s for gaining publicity or merely absent minded accidents, the whole process of amplifying the incident and creating a great brouhaha about it just seems so disrespectful. Some of these B-town beauties take the whole episode with a pinch of salt, while the others just shrivel in some comforting corner. Blowing things out of proportion is definitely not the solution and getting cheeky just doesn’t add the required spice. So we suggest these gals be more careful with their little black dresses or think of other ways of gaining attention. Meanwhile, we continue preaching…even though we know that most of it falls on deaf ears!

Why Bollywood heroines are not wearing panties these days? Why they are appearing in public events without wearing any underwear? Surely it’s not that hot!

People say that those who have been out of headlines for long, think it to be a easy way to get access to stardom and fame. Preeti Jhangiani was there to promote her debut film as producer. The film is named Sahi Dhande, Galat Bandhe and she is producing it with her hubby Parvin Dabas.

It was in this event that the lensmen caught her in this pose and within hours, name of Preeti Jhangiani has appeared on the list of Bollywood ladies who have appeared in public place without their essentials. Preeti was seen wearing a black short dress and was seated on a chair when she had revealed a bit too much.

Earlier, actresses like Yana Gupta, Shamita Shetty and Neetu Chandra were among the celebrities who had appeared without their essentials in public. Actress Preeti and her husband Pravin have recently become proud parents of a baby boy, due to which the actress has put on some inches.

While talking about parenting the new parents said that they are currently enjoying their parenthood and their irregular sleeping schedules due to the baby. Regarding fitness, Preeti says that she is not really the fitness kind but her husband constantly inspires her to get back to her lean figure.

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Birthday wishes for Kajol Genelia celebrated her birthday on the sets of "Tere Naal Love Ho Gaya", with co-star and rumoured beau Riteish Deshmukh

Bollywood actors Kajol and Genelia D'Souza, who celebrate their birthday Friday, received wishes from tinsel town through social networking site Twitter.

While Kajol turned 37, Genelia touched 24.

Filmmaker Karan Johar, whose directorial debut "Kuch Kuch Hota Hai", and several subsequent films featured Kajol, posted: "Its KAJOLS birthday!!! She's not on twitter...but give her love people...she is truly special!! The best actress...and a woman of substance!"

Filmmaker Kunal Kohli, who worked with her in "Fanaa", wrote: "Let's all wish Kajol a very happy bday, truly one of the best and most talented actresses we've ever had. An all time great."

Genelia celebrated her birthday on the sets of "Tere Naal Love Ho Gaya", with co-star and rumoured beau Riteish Deshmukh and the crew of the film.

Riteish wished her on Twitter, saying: "Here's wishing my most favourite @geneliad a very happy birthday. The smile of her face is d reason everyone on d sets is smiling - including me 9 yrs ago v celebrated @geneliad's bday on the sets of our debut film TMK ('Tujhe Meri Kasam') n today on d sets of TNLHG- feels like yesterday- have a great one girl (sic)."

Others like Minissha Lamba, Siddharth, Neil Nitin Mukesh and Rana Daggubati wished the young actress, who made her debut with "Jaane Tu...Ya Jaane Na".

They first struck gold over sixteen years ago, in the eternal Dilwale Dulhaniya Le Jayenge. After that epic romantic story, they went on to give us Kuchh Kuchh Hota Hai, Kabhie Khushi Kabhie Gham and My Name Is Khan.

Kajol's pairing with Shah Rukh has always reflected a beautiful, inimitable friendship that has only grown over the years. Which is why the King Khan's birthday wish to her, via Twitter, is more heartfelt than any other we've seen so far.

Coming up: A look-see at Kajol's memorable journey on the silver screen.

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Dow Jones Industrial Average has seen its fair share of large point declines during the recession

Recession fears pound stocks

Weak US economic growth, worldwide debt concerns send major indexes reeling

A trader worked the New York Stock Exchange floor. Yesterday’s trading session was the eighth in nine that stocks have fallen.

The stock market plunged by more than 4 percent yesterday in its worst day in more than two years and investors flooded safe-haven investment alternatives, driven by escalating fears the wobbly global economy may stumble into a new recession.

The benchmark Dow Jones industrial average fell 512.76 points to close at 11,383.68. Another key marker, the Wilshire 5000 Total Market index, the broadest measure of US stocks, lost $800 billion in value - its worst single-day performance since January 2009.

Yesterday was the eighth day in nine trading sessions that stock prices have declined, and the Dow has now exceeded the 10-percent drop from recent highs that mark a so-called "market correction," signaling a shift in investors' sentiment that the immediate economic future is worsening.

"The velocity and the magnitude of the decline was surprising to me," said Tom Manning, chief investment officer at Silver Lake Advisors, an investment firm in Boston. "Fears of a recession seemed to grip investors all day long."

Investors have been spooked by a series of reports and events - beginning last Friday - that undermined the once widely held view the US economy was in recovery mode from the recent recession and poised to grow at a faster pace through the second half of the year. That early outlook had served as the basis for everything from stock market values to business plans to political campaign strategies.

But a much different picture has emerged in the past few days: economic growth so anemic that the once-distant thoughts of another recession now don't seem so far-fetched. Last Friday, the government reported that the nation's gross domestic product grew at a slower-than-expected pace during the second quarter and also sharply revised its previous report on growth in the first three months of 2011. Additional economic reports that followed showed output from factories and service businesses, and consumer spending had all turned sluggish in July.

"Economic indicators are coming in worse than anticipated and decision-making is frozen," said Sara Johnson, a global economist at IHS Global Insight, an economics firm in Lexington. Johnson said her firm had estimated the chance of a new recession at 25 percent but "at this point we'd probably raise it to 30 percent."

The next key indicator of where the US economy is headed will come this morning when the government reports on the nation's unemployment rate for July. Most forecasts expect the rate to remain unchanged at 9.2 percent.

One feature of the current market downturn is the extreme measures investors are willing to take to safeguard their money in such a volatile time - including the extraordinary step of paying a bank to take their money. Yesterday Bank of New York Mellon Corp. said it would begin charging a fee to some institutional clients for "extraordinarily high" cash deposits. The move follows a flood of withdrawals from money market mutual funds - more than $100 billion over a recent one-week period - as investors and corporations appeared to be putting that cash into banks.

The Dow's 10 biggest point losses

The Dow Jones Industrial Average has seen its fair share of large point declines during the recession.

Here's a look at the Dow's 10 biggest daily point losses of all time, including the Aug. 4, 2011, drop, which comes in at number nine.

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Nifty closed at 5,211, down 120 points and the Sensex ended at 17,336, down 357 points

Markets recovered partially in late noon trades, but ended lower for the fourth consecutive day following global sell-off on US growth and sovereign debt concerns. The Nifty closed at 5,211, down 120 points and the Sensex ended at 17,336, down 357 points (provisional).

Markets trimmed losses in late noon trades, owing to buying in ONGC. A marginal recover in European markets also played its part. The Sensex, after opening at 17,350 touched a low of 16,991. The index has recovered somewhat and is now at 17,248 - down 444 points. Nifty is down 137 points at 5,194. The NSE benchmark index had touched a 52-week low of 5,120.

US markets fell overnight on global growth concerns. Dow Jones Industrial Average lost 4.3%, the biggest percentage drop since 2008. Even the Standard & Poor’s 500 Index declined 4.8%. Moreover, on Thursday the European Central Banks held policy rates at 1.5% and resumed the purchase of government bonds after a hiatus of four months.

"India will benefit from lower commodity prices, especially the decline oil prices will bring down inflation considerably. Even if there is a double dip recession in the West, India may not be as get affected because it is a domestic consumption story. The Reserve Bank of India (RBI) may cut interest rates rather than hike rates given the dip in commodity prices," said Andrew Holland, CEO-Equities, Ambit Capital.

Worries of the hike in interest rates slowing down corporate earnings growth further also weighed on investor sentiments. Interest rate and export sensitive, blue-chip stocks have tumbled this morning. 11 out of the Nifty 50 stocks touched a new 52-week low, including metal bigweights - Sail, Hindalco and Jindal Steel.

India's most valuable stock, in terms of market weightage, Reliance, slipped 2.5% after outputs from the KG-D6 fields fell 27% to around 47 million standard cubic meters per day in June.

Reliance, along with ICICI Bank and Infosys were the major draggers of the Sensex.

BSE IT index slumped 4.2% after the slide in US markets. US is the biggest market for services of Indian IT firms. Realty, auto and bankex dropped around 3% each.

Cipla gained 1% to Rs 310. The company is set to announce results today. Another one from the pharma pack, Ranbaxy, dropped 3.6% to Rs 514. The company reported a 25% dip in Q2 net profit at Rs 243.23 crore for the quarter ended June 30,2011 as against rs 325.71 crore in the corresponding previous quarter.

BSE market breadth continued to be extremely negative. Out of 2,906 stocks traded, 2,512 stocks have declined while 341 have advanced.

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