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
Presidency of Ronald Reagan made seven trips to continental Europe, three to Asia and one to South America. He is perhaps best remembered for his speeches at the 40th anniversary of the Normandy landings, for his impassioned speech at the Berlin Wall, his summit meetings with Mikhail Gorbachev, and riding horses with Queen Elizabeth II at Windsor Park. At the time of his inauguration, Reagan was the oldest person to be inaugurated as President (age 69). He remains the oldest person to have held the office; he had reached the age of 77 when his second term ended. Reagan's health became a concern at