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 majority of Russian regions, which is required by Russian law for a political organization to be listed as a party. Later that year, Gorbachev founded a new political party, called the Union of Social Democrats. In June 2004, he represented Russia at the funeral of Ronald Reagan. Gorbachev appeared in numerous media channels after his resignation from office. In 1993, he appeared as himself in the Wim Wenders film "Faraway, So Close!", the sequel to "Wings of Desire". In 1997, Gorbachev appeared with his granddaughter Anastasia in an internationally screened television commercial for Pizza Hut. The U.S. corporation's payment for