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Cook the bacon in large skillet until crisp. Remove from pan and drain the fat.
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Add the beef cubes to the same pan and brown well. Place the browned beef cubes in the crock pot.
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Add the onion slices and carrot slices to skillet. Add the tomato paste, thyme and minced garlic. Season to taste with salt and pepper; stir in the flour.
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Add the broth and mix well. Add this mixture to the crock pot over the beef.
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Add the bay leaf and pearl onions. Crumble the cooked bacon and add to crock pot.
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Cover and cook on LOW for 8-10 hours.
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Saute mushrooms and add to crock pot with the wine about 1 hour before serving.