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
Ronald Reagan sure its total cost would reach in the trillions of dollars. Reagan encouraged Congress to think of it as billions of new dollars spent in individual districts. If SDI worked, thousands of Soviet nuclear-armed missiles would be worthless — if launched, they could all be shot down. Gorbachev made it his highest priority to get Reagan to abandon SDI. Meanwhile, Reagan escalated the rhetoric. In his famous 1983 speech to religious fundamentalists he outlined his strategy for victory. First, he labeled the Soviet system an "Evil empire" and a failure—its demise would be a godsend for the world. Second, Reagan