Men rule in Silicon Valley

At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female.

But, as Reuters reports,  the company’s board of directors is 100 percent male:

“Male-heavy boards dominate in the start-up mecca of Silicon Valley, which prides itself on progressive thinking and putting talent first. A Reuters survey of the 10 top venture-backed start-ups, as measured by venture funds raised, shows that six do not have any women on the board, including Pinterest. And none has more than one.

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“Reuters’ research relied on publicly available data and discussions with start-up executives and board members.

“The gender imbalance has been the norm for years despite some recent signs of change. Google, Facebook and Twitter all went public without a woman on the board. They are more diverse now.

“Big, established companies, by contrast, frequently have two or more female directors, based on the 10 largest U.S. tech companies by market value. All of the top 20 have at least one. The dismal record of start-ups when it comes to gender diversity was highlighted last month when Twitter came under fire for its all-male board on the eve of its public offering. On Thursday, the company announced that it had added former Pearson chief Marjorie Scardino to its board. Entrepreneurs and executives contacted by Reuters did not question the conclusion that there are few women directors at start-ups, but they frequently described it as unintended, and some such as Pinterest say their executive ranks are more balanced. Start-ups tend to blame the lack of women on their boards on factors such as their youth, their small boards, their single-minded focus on growth to the exclusion of other priorities, and a scarcity of women steeped in technology. Continue reading “Men rule in Silicon Valley”

Insurers won’t pay mental health bills

The first time Melissa Morelli was taken to the hospital, she was suicidal and cutting herself, her mother says. imgresShe was just 13, and she had been transferred to a psychiatric hospital, where she stayed for more than a week, reports today’s New York Times.

“Her doctors told her mother, Cathy Morelli, that it was not safe for Melissa to go home. But the family’s health insurancecarrier would not continue to pay for her to remain in the hospital.

“Former Representative Patrick J. Kennedy, with Representative Rosa DeLauro of Connecticut, right, and Victoria Veltri, Connecticut’s health care advocate, backed the mental health parity law that his father, Senator Edward M. Kennedy, also championed. The second time, the same thing happened. And the third and the fourth. Over the course of five months, Ms. Morelli took Melissa to the hospital roughly a dozen times, and each time the insurance company, Anthem Blue Cross, refused to pay for hospital care. “It was just a revolving door,” Ms. Morelli said.

“You had not been getting better in a significant way,” Anthem explained in one letter sent directly to Melissa, then 14, in July 2012. “It does not seem likely that doing the same thing will help you get better.”Desperate to get help for her daughter, Ms. Morelli sought the assistance of Connecticut state officials and an outside reviewer. She eventually won all her appeals, and Anthem was forced to pay for the care it initially denied. All told, Melissa spent nearly 10 months in a hospital; she is now at home. Anthem, which would not comment on Melissa’s case, says its coverage decisions are based on medical evidence. Melissa’s treatment did not come cheap: it ultimately cost hundreds of thousands of dollars, Ms. Morelli said. Patients often find themselves at odds with health insurers, but the battles are perhaps nowhere so heated as with the treatment of serious mental illness.

“It was not supposed to be this way. A federal law, the Mental Health Parity and Addiction Equity Act of 2008, was aimed at avoiding fights like this over coverage by making sure insurers would cover mental illnesses just as they cover treatment for diseases like canceror multiple sclerosis. Long a priority of Senator Edward M. Kennedy of Massachusetts, it was squeezed into a bank bailout bill with the help of Christopher J. Dodd, then a Democratic senator from Connecticut, after Mr. Kennedy learned that he had brain cancer, which turned out to be fatal. The law requires larger employer-based insurance plans to cover psychiatric illnesses and substance-abuse disorders in the same way they do other illnesses. But five years after President George W. Bush signed the law, there is widespread agreement that it has fallen short of its goal of creating parity for mental health coverage. Continue reading “Insurers won’t pay mental health bills”

Let the asteroid mining begin

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No, this isn’t a joke. A group of billionaires are going to launch a fleet of starships to mine asteroids. Then still in space they will make what they mine into stuff using 3-D printers. As Wired Science tell the story:

“Last year was thick with audacious private spaceflight company unveilings, including the announcement from Planetary Resources, Inc. of their plans to mine relatively valuable platinum group metals from asteroids. With the formation of Deep Space Industries, it seems that 2013 could see a new crop of private space companies with lofty goals.

“We are about prospecting, exploring, harvesting, extracting, and manufacturing based on the resources of space,” said Rick Tumlinson, founder and chairman of DSI, during a press conference on Jan. 22. Tumlinson has been an ardent space advocate for many years, helping foundMirCorp, which brought space tourist Dennis Tito to the International Space Station. Continue reading “Let the asteroid mining begin”