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
1985: The Year of the Spy tensions between the United States and the Soviet Union at a crucial point in the Cold War; Mikhail Gorbachev rose to power as Soviet general secretary in the same year. These high-publicity cases added to the American public's suspicion of the Soviets at a time when the Soviet Union was transitioning into new leadership and reforms under Gorbachev. Even Gorbachev's meeting with President Ronald Reagan at the November Geneva Summit did little to reduce uncertainty as to the future of U.S.-Soviet relations. The arrest of so many foreign spies working within the United States Intelligence Community sparked two demands among