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 in music comedy show "Spitting Image" on the music video for their song "Land of Confusion." The video opens with a puppet caricatures of Ronald and Nancy Reagan in bed with a chimpanzee parodying Reagan's film "Bedtime for Bonzo", and spirals into the president's fever dream featuring Benito Mussolini, Ayatollah Khomeini, Mikhail Gorbachev, Muammar Gaddafi, Richard Nixon, television celebrities, and the members of Genesis themselves. Reagan awakens drowning in his own sweat, fumbles for a bedside button labelled "Nurse", but instead presses the one titled "Nuke", setting off a nuclear explosion. The video won Best Concept Music Video at the 30th Annual