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
Mikhail Gorbachev in May 2009 Gorbachev announced that the launch was imminent. This was Gorbachev's third attempt to establish a political party, having started the Social Democratic Party of Russia in 2001 and the Union of Social Democrats in 2007. These plans, however, never panned out. On 20 March 2009, Gorbachev met with United States President Barack Obama and Vice President Joe Biden in efforts to "reset" strained relations between Russia and the United States. On 27 March 2009, Gorbachev visited Eureka College, Illinois, which is the alma mater of former U.S. President Ronald Reagan with whom he had negotiated historic nuclear