Panelists

Moderator

Jay Ross

Panelists

Dinesh Nirmal

Dr. Christopher Thornberg

Bios

Jay Ross

Jay RossJay Ross is a member of Hopkins & Carley’s Litigation Department, for which he previously served as Co-chair for five years, and a member of its Executive Committee.  He handles contract, business, and payment disputes that includes representing creditors in bankruptcy proceedings, as well as real estate disputes, including construction, purchase and sale transactions, commercial landlord-tenant disputes, easements, and land use.

Dinesh Nirmal

Dinesh NirmalDinesh Nirmal leads products for IBM Software. He is responsible for new products and innovation, the company’s software product and technology direction, location strategy, support and ecosystem development.

A recognized industry thought leader, Dinesh is known for applying his deep expertise in AI, intelligent automation, machine learning, digital labor, data and AI governance, and data science to help advise customers on their digital transformation journeys and address their most pressing challenges.

Dinesh has spent more than 25 years at IBM. Previously, he was General Manager for Data, AI and Automation at IBM, responsible for driving the business strategy, technology development, operations, sales and marketing, and overall financial performance for IBM’s Data, AI and Automation Software portfolio.

Dr. Christopher Thornberg

Christopher Thornberg

Christopher Thornberg Ph.D. has been called many things throughout his career as an economist – “Dr. Doom,” a contrarian, even an optimist – but his favorite thing to be called is always: correct. Dr. Thornberg founded Beacon Economics LLC in 2006 and under his leadership the firm has become one of the most respected research organizations in California serving public and private sector clients across the United States. In 2015, Dr. Thornberg also became Director of the UC Riverside School of Business Center for Economic Forecasting and Development and an Adjunct Professor at the School. 

An expert in economic and revenue forecasting, regional economics, economic policy, and labor  and real estate markets, Dr. Thornberg has consulted for private industry, cities, counties, and  public agencies in Los Angeles, the San Francisco Bay Area, New York, Seattle, San Diego, the  Inland Empire, Las Vegas, Washington State, Orange County, Sacramento, Arizona, and other  geographies across the nation. He has also worked on Wall Street, advising hedge fund manager  Paulson & Co. about macroeconomic issues.

Recent notable projects include policy analyses for the International Franchise Association;  housing and rent control studies for the California Apartment Association; research supporting  the strategic allocation of American Rescue Plan Act funds for the County of San Joaquin; an  analysis and forecast of the socioeconomic factors that affect traffic growth and demand along a  major interstate in Southern California; research on affordable housing in Los Angeles for a major  law firm; quarterly regional economic outlooks for the East Bay Economic Development Alliance;  a recession recovery plan for the City and County of San Francisco; an annual economic  assessment of LA’s city council districts for the Los Angeles Area Chamber of Commerce; an  economic and revenue forecast for the City of San Luis Obispo; an analysis of the local technology  industry for the Santa Cruz County Workforce Development Board; and an economic impact  study for the 2024 Los Angeles Olympic Games Committee.

Dr. Thornberg became nationally known for forecasting the subprime mortgage market crash  that began in 2007 and was one of the few economists on record to predict the global economic  recession that followed. During the Covid-19 pandemic, he stood in opposition to the panic over  a Depression that never happened, and he consistently urges his audiences to beware of  narratives that diverge from the reality of data.

Well known for his ability to capture and hold audiences, Dr. Thornberg has presented to  hundreds of leading business, government, and nonprofit organizations across the globe including Chevron, The New Yorker, Colliers International, Western Alliance Bank, the  California Chamber of Commerce, City National Bank, the National Confectioner’s Association,  the Washington State Association of Counties, the California State Association of Counties, State  Farm Insurance, the City of Los Angeles, the California and Nevada Credit Union League, the  Mechanical Contractors Association of America, and the National Steel and Shipbuilding  Company, among many others. He has testified before the U.S. Congress House Committee on  Financial Services on municipal debt issues, before the California State Assembly Committee on  Revenue and Taxation regarding rule changes related to Proposition 13, and before the Los  Angeles City Council about proposed changes to local minimum wage laws.

Dr. Thornberg is a contributor to consensus economic forecasts published by the Wall Street  Journal, Reuters, the National Association of Business Economists, and the Seidman Research  Institute at Arizona State University. He also serves on the Board of Directors of the Los Angeles  Area Chamber of Commerce, is an Executive Member of the Central City Association (Los  Angeles), and is a member of the California Association for Local Economic Development.

Prior to launching Beacon Economics, Dr. Thornberg was a senior economist with UCLA’s  Anderson Forecast. He previously taught in the MBA program at UCLA’s Anderson School, in the  Rady School of Business at UC San Diego, and at Thammasat University in Bangkok, Thailand. He  has also held a faculty position in the economics department at Clemson University.

A well-known media commentator, Dr. Thornberg has appeared on all the major networks, CNN,  CNBC, NPR, and is regularly quoted in major national newspapers and online publications  including the Wall Street Journal, New York Times, USA Today, Politico, and Los Angeles Times.

Originally from upstate New York, Dr. Thornberg holds a Ph.D. in Business Economics from The  Anderson School at UCLA, and a B.S. degree in Business Administration from the State University  of New York at Buffalo.