beef bourguignon recipe

2 tablespoons olive oil 6 ounces bacon, diced 3 pounds beef chuck, cut into 2-inch cubes 1 large onion, sliced 2 large carrots, sliced 2 cloves garlic, minced 2 tablespoons flour 1 bottle (750 ml) red wine (Burgundy or Pinot Noir) 2-3 cups beef broth 1 tablespoon tomato paste