1. Begin by heating the oven to 450° F.
2. In a large skillet, cook the strips of bacon until crisp. Remove the bacon, crumble, and set aside.
3. Transfer the bacon grease into a heavy oven-proof casserole dish with a tight-fitting lid (an enameled cast iron dutch oven works well).
4. Cut the roast into 1½ to 2 inches pieces. (the larger the pieces the longer the cooking time will be. Pieces smaller that 1½ inches will most likely fall apart and disappear).
5. Place the casserole dish containing the bacon grease on a burner over medium high heat. Add 2 tablespoons of olive oil to the bacon fat and heat until almost smoking. Add the pieces of beef and brown all sides (work in batches so as not to crowd the meat).
6. Remove the beef from the pan and lightly season with salt and pepper (go light on the salt, beef stock is high in sodium. remember salt is easy to add and hard to remove).
7. Dredge the beef while still hot in flour. Dust off any excess flour and hold meat aside.
8. Add the carrots and onion to the the hot oil and cook until onions begin to turn translucent.
9. Add the meat back to the onion and carrot mixture and toss well.
10. Place in the oven for about 4 minutes.
11. Remove from the oven, mix well, and place dish back in the oven for another 4 minutes (this allows the flour to brown and covers the meat with a fine crust).
12. Reduce the oven temperature to 325° F.
13. Place the dish back on the stove over medium high heat.
14. Add wine, beef stock, tomato paste, garlic, thyme, and bay leaf. Stir well and bring to a slow boil.
15. Skim off any excess fat with a spoon. Mix well, and cover the dish with the lid, and place in the oven for 3 hours (just leave it alone, it is important not to open the oven or remove the lid).
16. At the end of three hours, add onions, mushrooms, and bacon. Cover and return to the oven for another 30 minutes.
17. At the end of the cooking time, the sauce will have reduced and the beef will be fork tender.

Serve

1. Serve over noodles or sliced potatoes with a side of fresh peas for a traditional French country meal. Some French bread might also come in handy to mop up every last drop of the delicious sauce.