Step 1: Trim fat from the steak; cut the steak into 1-inch cubes.
Step 2: Heat the oil in a large Dutch oven over high heat.
Step 3: Add the steak, and cook 5 minutes or until steak loses its pink color.
Step 4: Drain well, and wipe drippings from pan with a paper towel. Return the steak to the pan.
Step 5: Add the thyme, garlic, and bay leaves, and cook over medium heat 1 minute. Add the wine and tomato paste; bring to a boil. Cover, reduce heat, and simmer for 1 1/2 hours or until the steak is tender.
Step 6: Add the mushrooms and next 5 ingredients; bring to a boil. Cover, reduce heat, and simmer 40 minutes or until the vegetables are tender.
Step 7: Combine the cornstarch and 3 tablespoons water; stir well, and add to the stew.
Step 8: Cook 2 minutes or until thickened, stirring constantly.
Step 9: Remove from heat, and discard bay leaves. Stir in the parsley, salt and pepper.
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