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
Washington Summit President Reagan are scheduled to sign a treaty Dec. 8 eliminating their nations' shorter-range and medium-range missiles..." though it admitted that discussion regarding "reducing long-range, strategic nuclear weapons" was encountering obstacles. Washington Summit The Washington Summit of 1987 was a Cold War-era meeting between United States president Ronald Reagan and General Secretary of the Communist Party of the Soviet Union Mikhail Gorbachev that took place December 8–10. Reagan and Gorbachev discussed regional conflicts in Afghanistan, Central America, and Southern Africa, arms control issues for chemical weapons as well as conventional weapons, the status of START negotiations, and human rights. A