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 many supporters of both leaders, Reagan and Gorbachev began putting resources into INF Treaty negotiations. This, in addition to various troubles foreign and domestic in both countries led to a tense time preceding the Washington Summit. For Reagan, trouble with the stock market, failure to win approval for Supreme-Court-nominee Robert Bork, and the Iran-Contra scandal were all generating political pressure. Also, criticism from an uncharacteristically large number of notable conservatives including former President Richard Nixon, former Secretary of State Henry Kissinger, commentator William Buckley, as well as members of his own administration resulted in a contentious political atmosphere around the