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
Speeches and debates of Ronald Reagan the Berlin Wall. On June 12, 1987, he gave a speech at the Wall in which he challenged Soviet leader Mikhail Gorbachev to "Tear down this wall!" Reagan's senior staffers objected to the phrase, but Reagan overruled them saying, "I think we'll leave it in." "Tear down this wall!" has been called "The four most famous words of Ronald Reagan's Presidency." Although there is some disagreement over how much influence Reagan's words had on the destruction of the wall, the speech is remembered as an important moment in Cold War history and was listed by "Time" magazine as one of