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
Political positions of Ronald Reagan nuclear weapon was unleashed, who knew where it would end? My dream, then, became a world free of nuclear weapons... For the eight years I was president I never let my dream of a nuclear-free world fade from my min.." Reagan wrote that he believed the mutually assured destruction policy formulated by John Kennedy to be morally wrong. Reagan and Soviet leader Gorbachev signed the Intermediate-Range Nuclear Forces Treaty in 1987 (and ratified in 1988), which was the first in Cold War history to mandate the destruction of an entire class of nuclear weapons. Originally neutral in the Iran–Iraq War