Beef Bourguignon

Name: Beef Bourguignon
Ingredients: 6 to 7 strips of bacon chopped into 1-inch pieces; 1 tablespoon extra virgin olive oil; 3 pounds lean stewing beef cut into 2-inch cubes; 2 to 3 carrots peeled and chopped; 1 onion peeled and chopped; 12 oz. cremini mushrooms sliced; split; kosher salt; freshly cracked pepper; 2 tablespoons flour; 3 cups full-bodied young red wine; 2 to 3 cups brown beef stock; 1 tablespoon tomato paste; 2 cloves garlic; minced; 1/2 teaspoon thyme; 1 bay leaf