Reykjavík 1972, Reykjavík hosted the world chess championship between Bobby Fischer and Boris Spassky. The 1986 Reykjavík Summit between Ronald Reagan and Mikhail Gorbachev underlined Reykjavík's international status. Deregulation in the financial sector and the computer revolution of the 1990s again transformed Reykjavík. The financial and IT sectors are now significant employers in the city. The city has fostered some world-famous talents in recent decades, such as Björk, Ólafur Arnalds and bands Múm, Sigur Rós and Of Monsters and Men, poet Sjón and visual artist Ragnar Kjartansson. Reykjavík is located in the southwest of Iceland. The Reykjavík area coastline is characterized
Mikhail Gorbachev arms reduction treaties. Gorbachev toured the Reagan Museum on campus, met with students, and spoke at a convocation in the Reagan Center; he then traveled to the nearby Peoria Civic Center in Peoria, Illinois, as the keynote speaker at the combined George Washington/Ronald Reagan Day Dinner where college president J. David Arnold named him an Honorary Reagan Fellow of Eureka College. To commemorate the 20th anniversary of the fall of the Berlin Wall, Gorbachev accompanied former Polish leader Lech Wałęsa and German Chancellor Angela Merkel at a celebration in Berlin on 9 November 2009. On 7 June 2010, Gorbachev gave