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 that reimagined hardcore without the anti-establishment ethos of punk rock. Some groups' stances on the president were a bit more ambiguous. When the drunk-rock group Murphy's Law praised Reagan and his films in their 1986 song "California Pipeline," fans could take it as either actual pro-Republican patriotism, or a tongue-in-cheek take on anti-Reagan irony. By the late 1980s, references to Reagan in hardcore music had become so commonplace that the joke was no longer on the president, but on a punk scene where bands were practically obliged to put a Reagan song on their setlist or album. As hip-hop came