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That's called a thermistor. It's purpose is to divert electricity to the degaussing coil on start up. It gets very hot doing it's thing. So hot that it eventually falls off the two leads.
The power supply is wired so the electricity has to go through the thermistor before reaching the transformer. Bad thermistor = no electricity to primary of power transformer = dead set.
Twist the leads together (solder if possible) and you will get power to the transformer.
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