Start with some bad news: The 2013-14 Times Higher Education World University Rankings are out (I refuse to link to silly rankings).
More bad news: Indiana University (132) is only the third best university in the state, ranking below both Purdue (62) and Notre Dame (90).
But there is some good news: The rankings are, in the wonderful words of Jeremy Bentham, "nonsense upon stilts."
However, there's even more bad news: Many people treat the rankings as significant of something; after all, they're based on objective criteria, right?
To end on a more positive note: Those people are wrong.