Beef Bourguignon

Name: Beef Bourguignon
Ingredients: 1 tbsp olive oil; 8 slices bacon thick cut, chopped; 3 lbs stewing beef lean, cut into 1 inch pieces; 1 large onion chopped; 1 large carrot peeled and roughly chopped; 1 lb pearl onions peeled; 1/2 tsp salt or to taste; 1/2 tsp pepper ground, or to taste; 4 cloves garlic minced; 1 lb mushrooms chopped; 2 tbsp all-purpose flour; 3 cups red wine; 2 cups beef broth low sodium or no sodium added; 1 tbsp tomato paste; 1 bay leaf; 1 tbsp thyme fresh