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 intermediate nuclear forces (such as intermediate-range ballistic missiles) and strategic arms (such as intercontinental ballistic missiles). With the framework for an agreement in place, Reagan and Gorbachev met at the 1987 Washington Summit. They signed the Intermediate-Range Nuclear Forces Treaty (INF Treaty), which committed both signatories to the total abolition of their respective short-range and medium-range missile stockpiles. The agreement marked the first time that the United States and the Soviet Union had committed to the elimination of a type of nuclear weapon, though it provided for the dismantlement of only about one-twentieth of the worldwide nuclear weapon arsenal. The