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
Mark Phillips (journalist) in 1982, Phillips moved to the United States, and joined CBS News as a reporter for the network's London bureau and covered events throughout Europe, the Middle East and Africa. That same year, Phillips became the 1st non-British correspondent to report from the Falkland Islands during the British military's conflict in Argentina. From 1984 to 1986, Phillips was promoted to correspondent and assigned to the CBS News bureau in Moscow, where he covered 3 Soviet leaders: Yuri Andropov, Konstainin Chernenko and Mikhail Gorbachev—as well as the Reagan-Gorbachev summit in Moscow and the resumption of the U.S.-Soviet arms talk. From 1986